News

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

Builder calls bottom to house market

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.

Investment Column: Wincanton can drive returns for investors

Low & Bonar; Synergy Health

John Murphy: Businessman whose name was synonymous with the construction industry

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.

Builders to shore up foundations with share blitz

Listed housebuilding giants have taken a battering and must work extra hard to boost balance sheets.

Wayne Hemingway: Don't help the housebuilders – they're still making rubbish

Their business model has largely left us with poor housing

Persimmon slumps to £780m loss and warns of difficult year to come

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".

Redrow founder looks to rejoin board

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.

Persimmon 2008 profits down 78%

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.

A career that hits the heights of gaming

Jason Avent, a hugely successful games director, has some tips from the top on how to get ahead in gaming

Bellway to come under fire over bonuses

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.

Investment Column: Michael Page story takes a turn for the worse

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.

Persimmon cuts value of land holdings by £600m as buyers walk away from deals

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.

House builders to be regulated by code of conduct

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.

Bovis profits dive in 'toughest' market

Housebuilder Bovis Homes said today it was braced for further tough conditions after reporting a 80 per cent slump in half-year profits.

Housebuilders' results set to spread gloom

Taylor Wimpey and Bovis Homes are expected to report dire half-year results this week.

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