Persimmon's H1 drags house builders higher, bodes well for sector in 2016
23rd Aug 2016 12:18
(ShareCast News) - UK house builders are topping the FTSE 100 leaders ladder today thanks to Persimmon's chipper interims, prompting some to highlight the sector's 2016 potential. The sector has turned in a lumpy performance over the past 12 months, but it had zipped higher after a dive immediately
Read moreTelford Homes posts sizeable revenue growth
24th Jun 2016 12:38
(ShareCast News) - London-focused residential property developer Telford Homes posted full-year revenue of £245.6m in the year to 31 March on Friday, up from £173.5m. Pre-tax profit for the year exceeded original market expectations and increased by 28% to £32.2m, up from £25.1m in 2015. The AIM-tr
Read moreTelford Homes FY profit and revenue surge amid strong demand
1st Jun 2016 08:36
(ShareCast News) - Residential property developer Telford Homes posted a 28% jump in pre-tax profit for the year to the end of March as revenue surged amid strong demand. Pre-tax profit rose to £32.2m from £25.1m in 2015, as revenue increased 42% to a record £245.6m. The company said it saw strong
Read moreTelford Homes sells London property for £63.2m
31st May 2016 14:40
(ShareCast News) - Residential property developer Telford Homes has exchanged contracts for the sale of 150 homes and commercial buildings that are being built on Carmen Street, London, to M&G Real Estate, for a net £63.2m. Ahead of its preliminary results on Wednesday, the pre-construction deal was
Read moreTelford Homes sells Caledonian Road development for £67m
15th Feb 2016 11:40
(ShareCast News) - Telford Homes' large Caledonian Road development in North London - The Pavilions - received a boost on Monday, with the news it had sold all houses in the scheme to a subsidiary of L&Q, one of the UK's biggest housing associations. The AIM-traded residential property developer sai
Read moreSunday share tips: Persimmon, Vodafone, McBride, Telford Homes
3rd Jan 2016 14:47
(ShareCast News) - Now might be the right time to sell Persimmon shares, said the Sunday Times' Inside the City column, with a trading update due on Thursday. Investors in the house builder have seen the price triple in the last three years and received £800m in dividends. Persimmon was one of three
Read moreTelford Homes interim profit surges on London demand
2nd Dec 2015 09:01
(ShareCast News) - London-focused property developer Telford Homes said its interim pre-tax profit doubled on the back of strong demand in the London property market. In the six months to the end of September, the group said its pre-tax profit more than doubled to £21m, while revenue surged from £65
Read moreTelford Homes expects to double profits
14th Oct 2015 08:53
(ShareCast News) - Telford Homes is expected to double its profit for the first half of the financial year as housing demand exceeds supply. In a trading update for the six months to 30 September, the AIM-listed property developer said that profit before tax is expected to more than double compared
Read moreTelford Homes acquires United House Developments' regeneration business
21st Sep 2015 09:57
(ShareCast News) - Property developer Telford Homes has completed the acquisition of United House Developments' regeneration division for £23m. The London-focused group said the regeneration business comprises companies with interest in four major projects across north and east London, including the
Read moreTelford Homes expects more London demand
16th Jul 2015 09:43
(ShareCast News) - Residential developer Telford Homes said it expected strong demand for London housing after it reported forward sales of more than half its development pipeline. The home builder said the total value of all forward sales secured and due for completion in the year to 31 March 2016
Read moreLondon open: Sterling and Greenback jump versus euro
16th Jul 2015 09:42
(ShareCast News) - Sterling was moving sharply higher versus the European single currency on Thursday morning, alongside the US dollar, as the market acknowledged the relatively greater scope for interest rate rises in both the UK and the US. That came ahead of a speech by Bank of England Governor M
Read moreWednesday preview: Queen's Speech in focus
26th May 2015 17:15
Wednesday will be a light day both in terms of economic data and company results, although the Queen's speech will be watched for any surprises - a not uncommon occurrence. In her role as Head of State, and marking the State Opening of Parliament, the Queen will put forward the government's agenda,
Read moreTelford Homes poised to beat forecast, eyes "huge redevelopment potential" in London
22nd Apr 2015 14:47
London residential property developer Telford Homes is confident of beating full year forecasts and expects to sustain continued growth due to strong demand and inner-city regeneration, chief executive Jon Di Stefano told Digital Look. "Demand for non-prime inner London locations looks solid for the
Read moreTelford Homes joint-venture to bring in £180m
6th Nov 2014 09:12
Property developer Telford Homes has announced it will team up with London housing association Notting Hill Housing to purchase a £44m site in Stratford from London and Continental Railways. The transaction will complete in 2015 and outline planning consent has already been granted. According to Te
Read moreTelford Homes reports strong demand in London market
16th Oct 2014 10:26
Property developer Telford Homes announced a strong trading update as London market demand remained "strong", with its development pipeline topping £1bn for the first time. Telford said the "tremendous success" of the launch of its residential development Stratosphere gave the company confidence for
Read more