McCarthy & Stone says Brexit may impact order book completion
29th Jun 2016 08:13
(ShareCast News) - Retirement homebuilder McCarthy and Stone said the UK's exit from the EU may have an impact on the timing and cost of the conversion of its order book of reservations into completions. "Notwithstanding any short term market impact of last week's referendum result, the business rem
Read moreMcCarthy & Stone amends credit facility terms
25th May 2016 10:16
(ShareCast News) - FTSE 250 retirement housebuilder McCarthy & Stone has amended the terms of its £200m revolving credit facility. McCarthy said the amendment has resulted in improved commercial terms, including the extension of the facility's maturity from 19 December 2019 to 23 May 2021, and impro
Read moreMcCarthy & Stone first half revenue surges 33%
19th Apr 2016 07:57
(ShareCast News) - Retirement housebuilder McCarthy & Stone reported a surge in first half revenue as completions and selling prices advanced. The company posted a 33% rise in revenue to £250.2m as legal completions increased 19% to 923 and the net average selling price pushed up to £253,000 from £2
Read moreHSBC starts 10 UK housebuilders at 'buy'
17th Mar 2016 09:59
(ShareCast News) - HSBC initiated coverage of UK housebuilders saying the sector offers exposure to an area of real undersupply, with the UK government "largely pulling out all the stops to help". It started Barratt Developments, Bellway, Berkeley, Bovis Homes, Crest Nicholson, Galliford Try, McCart
Read moreJefferies hoists target prices for housebuilding sector
12th Jan 2016 13:37
(ShareCast News) - Jefferies has upgraded house builders Barratt Developments, Berkeley and Galliford Try due to the UK's continued housing shortage outweighing other concerns. The broker said it believes the government's 100,000-a-year target is not achievable with current construction skills short
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