Telegraph construction
The latest news, analysis and share prices on Britain's biggest construction and property companies, including Land Securities, British Land and Taylor Wimpey.
Updated: 34 min 14 sec ago
Questor share-tips: avoid Persimmon
Persimmon beat expectations on Tuesday as it reported revenue for the first
half of 2010 was up 26pc with margins improving from 1.5pc last year to
7.5pc. Shares in the housebuilder, the largest in the UK by value, rallied
by more than 6pc on the news.
Categories: Construction
St Modwen swings back into profit
Resurgent manufacturers are looking to expand into new space and helping to
boost rental values for large-scale properties, according to regeneration
specialist St Modwen.
Categories: Construction
Travis Perkins, BSS agree £557m takeover
Wickes owner and UK's top plumbing supplies company agree a £557.6m offer to
create leading plumbing and retail distribution business.
Categories: Construction
Terra Firma's Guy Hands takes on more debt at wife's Hand Picked Hotels chain
Embattled private equity boss Guy Hands is facing another business headache
amid rising losses at the luxury hotel chain run by his wife.
Categories: Construction
RBS poised to offload £15bn of property assets a year
Royal Bank of Scotland is preparing to sell £15bn of property assets a year as
part of its unwinding of distressed debt, analysts believe.
Categories: Construction
Workspace secures key £200m refinancing
Office space provider Workspace has secured a key £200m debt refinancing.
Categories: Construction
Inflation pushes up private sector pay increases
Private sector employers are coming under increasing pressure to offer
inflation-busting pay rises to staff as the economy picks up, new figures
have shown.
Categories: Construction
Taylor Wimpey warns that UK housing market faces growing headwinds
Land shortages, planning headaches and political and economic uncertainty risk
slowing recovery in the housing market Taylor Wimpey, the country's second
biggest housebuilder, has warned.
Categories: Construction
Connaught shares tumble 58pc on austerity fears
Connaught, the social housing maintenance group, has seen half its market
value eroded after a warning on Friday over public spending cuts.
Categories: Construction
House sales up since General Election, says cautious Taylor Wimpey
Taylor Wimpey, the British housebuilder, said sales have recovered after a
lull around the time of the General Election but political uncertainty is
leading to caution in the sector.
Categories: Construction
Abu Dhabi development role for former Laing O'Rourke chief
Former Laing O'Rourke chief operating officer Tony Douglas is to lead the development of a new industrial city near Abu Dhabi.
Categories: Construction
Shrinking civil service to hit rents
The property industry could be facing a slight problem. One of its largest and
most reliable payers of rent is preparing to dramatically scale back its
requirements for office space - the Government.
Categories: Construction
Prime property most at risk of slump, says Savills
London warned that its upmarket stock faces slower growth after 'the feel bad
factor' hits homes.
Categories: Construction
Budget's austerity measures see Connaught shares crash
Connaught saw almost a third of its market value wiped off last night after
the social housing maintenance company warned public spending cuts could
reduce its revenues by £80m this year.
Categories: Construction
House prices will withstand tough budget cuts and tax rises, says Berkeley Group
Berkeley Group has backed George Osborne's Budget as "business friendly"
and played down fears of damage to the housing market.
Categories: Construction
Bosses could force retirement earlier than state pension age
Employers could seek to legally justify why workers should retire sooner than
the state pension age, creating a bigger gap between retirement and being
able to draw a state pension.
Categories: Construction
Some workers could retire earlier than state pension age
Employers could seek to legally justify why workers should retire sooner than
the state pension age, according to an employers' group.
Categories: Construction
Activist Cevian builds up stake in plumber Wolseley
One of Europe's most fearsome activist investors has acquired a 5.2pc stake in
Wolseley, the building materials group.
Categories: Construction
This is the last chance for Battersea Power Station
Ppoor old Battersea has been passed from one owner to the next, redevelopment
tried and failed, its roof removed and walls demolished.
Categories: Construction
Battersea Power Station to float on London stock market
Battersea Power Station is to be listed on the stock market under plans drawn
up by the Irish developer of the site.
Categories: Construction
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more