16.6% drop for Berkeley

Berkeley’s pre-tax profit fell 16.6% during its first half year it reported last week. During the six months to October 31 2020, the housebuilder’s pre-tax profit dropped to £230.8 million from HY 2019’s £276.7 million. With the impact of Covid-19 permeating the period, Berkeley’s home sales dropped from last year’s 1,389 to 1,104. Their average

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Profit on track for Vistry

Vistry Group is on track to deliver a full year pre-tax profit at the top end of its expected range of £130 million to £140 million it reported in the latest trading update. The group said that during the period from July 1 to November 11 2020, its homes demand had remained “consistently strong” at

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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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Taylor Wimpey has a positive start to the year

Releasing figures Taylor Wimpey reported a 5% increase in group completions to 16,042 including joint ventures (2018: 15,275) in 2019 confirming the results for the year were “in line with expectations”. Revenue increased by 6.4% to £4,341.3 million (2018: £4,082.0 million) with operating profit of £850.5 million (2018: £880.2 million) – volume growth was offset

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“Robust” market conditions reported by Berkeley

During the first four month of its new financial year the Berkeley Group has reported “robust” market conditions in London and the south. Issuing a trading update ahead of its Annual General Meeting on September 6th, the business said that during the period May 1st to August 31st, pricing had remained stable, with the group’s

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Record number of completions for Barratt

Barratt has delivered its highest number of completions for 11 years in the 12 months to the end of June with profit before tax expected to be ahead of expectation at around £910 million against £835.5 million last year. Today issuing a trading update for the year, Barratt said it had completed 17,856 homes including

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“Excellent” first half growth for Countryside

Countryside says it has achieved “excellent growth” in its first half, with a 27% rise in revenue to £507 million on a 43% lift in total completions against the equivalent period in 2018. During the 6 months to March 31 2019, the home builder and regeneration partner achieved 2,362 completions in total (combining its Housebuilding

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Build to rent for Telford

During the year to March 31 2019, the Telford’s saw a revenue rise of 12% to £354.3 million against the equivalent period last year, with the proportion from build to rent developments at 31% (2018: 21%). In line with a previous announcement, total pre-tax profit fell to £40.1 million from 2018’s £46.0 million, thanks to

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Berkeley expresses confidence in the long term market

Issuing a short trading update this month the Berkeley Group expressed confidence in the “long term resilience” of its markets while being “very mindful” of the potential for short term disruption. It reiterated the company’s updated pre-tax profit guidance issued with its interim results in December. The update covering the period from November 1 to

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£1bn pre-tax profit for Persimmon

Persimmon’s profits hit £1 billion during its year to December 31st, 2018, it reported whilst also announcing its new group chief executive as Dave Jenkinson on 26th February. During 2018, the volume housebuilder’s pre-tax profit climbed 13% to £1.091 billion against 2017, with a 13% increase in operating profits to £1.083 billion. Revenue lifted 4%

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