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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Redrow a “premium alternative”

Redrow announced its set to launch a national TV advertising campaign, aimed at challenging “outdated perceptions” of its new homes. The housebuilder’s “They Say…” campaign promotes Redrow as a “premium alternative” to second hand homes while aiming to transform existing myths revealed in a Zoopla Smarter Property Solutions Survey. While the survey of 600 adults

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Stable conditions enjoyed by Linden Homes

Issuing a trading update for the period from January 1 to May 20 2019, Galliford Try, the housebuilding, regeneration and construction group said that its housebuilding arm Linden Homes had continued “continues to perform well” and maintained a sales rate of 0.68 since the start of the year; this was a dip on the 0.71 of

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Revised strategy equals “good progress” for Crest

Crest Nicholson says it has made good progress with its revised strategy during its half year, achieving stable weekly sales. Issuing an update ahead of its half year results to be announced on June 11, the housebuilder said that during the six months to April 30 2019, it had progressed well with its new strategy

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2019 starts well for Taylor Wimpey

Taylor Wimpey has made a “good start” to 2019, the housebuilder reported at the end of April, while acknowledging the effect of increased build cost inflation for the year. Issuing an update ahead of its Annual General meeting covering January 1 2019 to today, the firm said that the new build housing market had remained

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Countryside on track to meet full-year expectations

Countryside Properties has reported stronger customer demand after a “slower start to the year” and is “on track to deliver expectations for the full year”. The housebuilder and regeneration company said this month that its half year trading had been “solid”. During the six months from October 1 2018 to March 31 2019, its total

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2019 starts well for TW

Taylor Wimpey’s completions in 2018 rose 2.9% to 15,275 from 14,842 in 2017 including joint ventures with the firm’s pre-tax profit rising 5.5% to £856.8 million from £812.0 million in 2017. Margin increased to 21.65% from 21.3% on revenue of £4.082 billion. Announcing the firm’s final results for the year, TW said it had a

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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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“Bounce back” for the new homes market

Along with the announcement of its half year results Redrow says the early weeks of 2019 have seen the new homes market “bounce back” after a subdued end to 2018 and the firm is confident that the Brexit uncertainty will not have “a huge impact” this year. For the period to the end of December

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