Barratt’s sales rebound despite Covid

The coronavirus pandemic has “significantly reduced” Barratt’s completions, increased costs and impacted its profit, it reported on September 2nd, but despite this the business has seen strong sales in recent weeks. During its financial year ending June 30 2020, the housebuilder’s total completions fell 29.4% to 12,604 against FY 2019. The average selling price of its

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Strongest sales to date for London Square

London Square has reported its best sales results to date as it marks its tenth anniversary.  The developer’s annual results report completion on 559 homes, up from 253 in 2019, revenue increase to £272.4 million from last year’s £168.3 million, with operating profit also rising to £10.8 million (2019: £6.5 million). Forward sales improved from 2019’s

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Tony Pidgley – founder of Berkeley passes away

Tony Pidgley CBE, Berkeley Group’s founder and chairman, has died suddenly, the housebuilder has announced. In a note to colleagues on 26th June, Berkeley’s chief executive Rob Perrins said: “It is with the greatest sadness that I have to inform you of the sudden death of Tony Pidgley. “Tony suffered a catastrophic brain haemorrhage yesterday

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Bellway sales remain “severely constrained”

Bellway expects year-on-year sales to be “severely constrained” until UK lockdown measures are lifted further, it said this month, with its net reservation rate dropping almost 70% during the lockdown period compared to last year. In the ten weeks from March 23 to May 31, the housebuilder saw its net reservation rate “rapidly” decline to

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Profit and revenue fall for Berkeley

Berkeley’s pre-tax profit for its full year fell 35% against 2019, it reported on 17th June. The housebuilder commented that the profit drop to £503.7 million during its financial year ending April 30 2020 was “anticipated” with the completion of various central London schemes acquired from 2009 to 2013. But, with the effects of the

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Persimmon to restart sites

Persimmon reported at the end of April, that since the closure of its sites and sales offices in late March, it had devised and tested “a range” of new site protocols to allow for a return, “while ensuring the necessary social distancing restrictions are strictly enforced”. The move was welcomed by housing secretary Robert Jenrick

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Taylor Wimpey and Vistry Partnerships to reopen sites

Giving an update on trading from January 1 until the end of April, Taylor Wimpey said it now had plans and processes in place to start a phased process of site reopening from May 4 “based on detailed new site operating protocols developed in compliance with strict social distancing requirements,” on most of its sites

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Bellway back to sites on May 4

Bellway site work resumed on 4th May on a phased basis.  Following other housebuilders, the firm said it would only undertake tasks “that can be performed by our employees and subcontractors working in a safe and responsible manner, whilst adhering to strict social distancing measures”. The housebuilder plans t0 initially focus on homes close to

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Bewley turns to technology for site return

Bewley Homes says it is in “no rush” to reopen its sites and will tur to technology to promote a safe working environment once its workers do return. The Hampshire-based housebuilder, which aims to restart its sites at the start of June, “if all goes well”, said it intended to use a system which will

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