Construction hit its fastest level of growth in six years, according to the latest survey of the building sector.
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Saturday 20 June 2009
The housebuilder Taylor Wimpey said yesterday that it had begun to see "stability" in the slump and that its order book had grown by almost 75 per cent since the start of this year. It is the first house builder to call the bottom of the property market. The news pushed up shares in housebuilders.
Friday 05 June 2009
Monday 18 May 2009
From the outbreak of the Second World War right through to preparations for the London Olympics, John James Murphy organised armies of construction workers, many of them from his native Ireland, to provide a large slice of Britain’s infrastructure. His life took him from County Kerry’s Cahirciveen, one of Ireland’s most beautiful regions, to the mud of the building sites of London and elsewhere. In the process his name became synonymous with the construction business.
Sunday 10 May 2009
Thursday 09 April 2009
Wednesday 04 March 2009
The housebuilder Persimmon laid bare the parlous state of the housing market yesterday by posting a £780m loss for last year, following huge writedowns in the value of its land bank, and warning that 2009 is "likely to be another difficult year".
Wednesday 04 March 2009
The founder and former chairman of Redrow electrified the market yesterday when he substantially increased his shareholding and demanded an executive position on the board of the struggling housebuilder.
Tuesday 03 March 2009
Housebuilder Persimmon reported its underlying pre-tax profit dropping 78 per cent in 2008 today, but said it is confident of its position after renegotiating its bank facilities yesterday.
Wednesday 04 February 2009
Friday 16 January 2009
Housebuilder Bellway is expected to come under fire from shareholders today after the company ditched previous performance targets to pay out huge bonuses to directors.
Friday 05 December 2008
Our view: Sell
Share price: 182p (-11p)
Michael Page International, the recruitment group, brought forward its January trading update yesterday to warn the market that its profits would come in at the lower end of forecasts, at around £136m.
Tuesday 28 October 2008
The housebuilder Persimmon has slashed the value of its land holdings by a further £600m, as it warned that conditions in the housing market had deteriorated after recent developments in the banking crisis.
Wednesday 24 September 2008
The Office of Fair Trading has largely given house builders a clean bill of health with a landmark report, but has recommended establishing a body and code of conduct to address consumers' grievances.
Tuesday 26 August 2008
Housebuilder Bovis Homes said today it was braced for further tough conditions after reporting a 80 per cent slump in half-year profits.
Sunday 24 August 2008
Taylor Wimpey and Bovis Homes are expected to report dire half-year results this week.
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