Bellway
October 13: The housebuilder unveils a better than expected fall in pre-tax profits as it ends the year with reduced net debt, putting it in the rare position of being able to buy land if it sees a return in the market
UK housebuilders
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Housebuilders’ fortunes turn as investors return to fold
Shares in UK housebuilders have risen strongly after the completion of £700m of rights issues and positive updates from two of the country’s largest listed builders
Fears on cuts to building sector funds
The construction sector was likely to be in the firing line when the government attempts to narrow its yawning budget deficit, the CBI warned
Builders warn of delayed recovery
Output in the construction industry will experience its sharpest fall since 1948 this year and is not expected to return to significant growth for more than a decade
Wolseley warns of further job cuts
The world’s leading supplier of heating and plumbing products expects a further reduction in its workforce and says it is impossible to predict when difficult trading conditions might end
Housebuilders and property group in cash calls
Housebuilders Barratt and Redrow, and property group Liberty, turn to the buoyant stock market for cash to reduce borrowings and fund growth
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Results diary
Redrow
September 10: Redrow reported a drop in revenues in the year to June 30 from £650.1m to £301.8m as prices and volumes dropped dramatically in the housing market slowdown
Barratt
September 23: A £721m rights issue has rescued Britain’s biggest housebuilder from the point of no return, the group said
Berkeley
September 9: Investors supported the housebuilder at its annual meeting, but only about 75% of shareholders approved remuneration and election resolutions to which the corporate governance body objected
Persimmon
Aug 25: Britain’s largest housebuilder has raised its end-of-year net debt target after a six months in which it has focused on conserving cash
Taylor Wimpey
August 5: Improving home prices and decreasing cancellations since Christmas have cheered the housebuilder, although profits and revenues remained below last year’s level
Bovis
Aug 24: Bovis Homes said the UK housing market had stabilised to the point where it was considering making purchases of land this year
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