News

Construction hit its fastest level of growth in six years, according to the latest survey of the building sector.

Profits surge at Persimmon

Persimmon cheered investors in the housing sector yesterday with news of a sharp acceleration in profits as its margins improved over the first half of the year.

GDP hopes dashed by statistic error

Hopes that the UK's flagging economic growth would be revised upwards were dashed today following a blunder by statisticians.

Property companies battle housing gloom

Property companies Taylor Wimpey and Rightmove both reported positive financial results yesterday, but warned of continuing sluggishness in the housing market.

Construction sector expands again

Britain's construction sector expanded again in July with improved confidence and new orders, though employment fell for the second successive month.

The Business On: Mike Farley, chief executive, Persimmon

Gosh, who would want to be a housebuilder just now?

More growth in construction sector

Britain's construction industry grew again in June, figures revealed today, though uncertainty over the economy sent confidence to its lowest level for six months.

Postgrad Lives: "The challenge of passing each year is very rewarding"

Interview by Steve McCormack

House building plunges again

There has been a sharp drop in the underlying value of private housing project starts in the first quarter of 2011. Glenigan, the construction data service, recorded a 61 per cent year-on-year fall in the underlying value of new starts in the three months to March.

Building industry 'far from recovery'

The chief executive of the house builder Persimmon has warned that the UK housing industry is still far from a full recovery – despite his company posting encouraging sales figures for the first part of 2011.

Winter sales rise boosts Berkeley

A jump in sales reservations of 25 per cent over the winter has boosted the housebuilder Berkeley's confidence in its results for this year and next.

The business on...William McGrath, Chief Executive, Aga

The man who powers middle England?

More so than ever before, it appears. Aga Rangemaster, to give thecompany its full name, had a great 2010 it revealed yesterday, boosting profits from £500,000 to almost £20m, restoring its dividend and eradicating its pension fund deficit.

Rising cost of raw materials threatens to derail recovery in UK construction

Optimism over tentative signs of a recovery in Britain's struggling construction sector was yesterday tempered by warnings that the rising cost of oil as well as other raw materials such as steel could undermine the progress made.

Construction sector builds momentum

The recovery in the construction industry strengthened in February as activity surged to an eight-month high, boosting hopes that the UK's economy will return to growth.

House builders face 'year of concern'

Britain's builders suffered a "disappointing" end to 2010 and now face a "protracted year of concern" as residential property construction registered its sharpest fall since the depths of the recession.

Signs of stability in building trade

Confidence and activity in the building trade seems to have stabilised, according to the latest survey from the Chartered Institute for Purchasing and Supply (Cips), but the severe weather conditions will threaten the sector's slow recovery.

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