Fall out from Budget still being assessedTiming of future UK interest rate changes uncertainSigns of build cost inflation for 2025Shares in Persimmon (PSN) fell nearly 6% to £13.83 in morning trading despite the UK's second largest housebuilder saying it was on track to grow completions to circa 10,500 for the full year.During the third quarter the company delivered 1,416 homes including a 3% inc

London's FTSE 100 closed lower on Tuesday, underperforming European peers, as index heavyweight AstraZeneca held back the large-cap benchmark.Eyes now turn stateside, hours before the closing of polls across the US - where Donald Trump and Kamala Harris lock horns in the presidential election.The FTSE 100 index closed down 11.85 points, or 0.1%, at 8,172.39. The FTSE 250 ended down 91.25 points, 0

Personal thresholds to rise from 2028Capital gains and carried interest tax to riseEmployers' NI bill to rise significantlyIn terms of lowering expectations among the business community, the Labour party did a good job heading into today's autumn statement by letting slip potentially negative information such as the intention to raise employers' NI (National Insurance) contributions and a hike in

Stocks in London were mostly lower at Friday midday, while the FTSE 250 turned to the red after Close Brothers shares fell as it announced it will appeal a court judgement to the UK Supreme Court.The FTSE 100 index traded down 10.40 points, 0.1%, at 8,258.98. The FTSE 250 was down 15.67 points, or 0.1%, at 20,774.88, and the AIM All-Share shed 1.80 points, 0.3%, at 723.85.The Cboe UK 100 was down

European equities were on the decline early Friday, with water utilities hurting the FTSE 100, but NatWest limiting the damage.The FTSE 100 index traded down 6.76 points, 0.1%, at 8,262.62. The FTSE 250 was down 22.47 points, 0.1%, at 20,768.08, and the AIM All-Share was up just 0.12 of a point at 725.81.The Cboe UK 100 was down 0.1% at 827.45, the Cboe UK 250 was down 0.3% at 18,324.35, and the C

The FTSE 100 managed to eke out minor gains on Thursday, ending four straight days of losses, while Chancellor Rachel Reeves confirmed fiscal changes are to come in next week's budget.The FTSE 100 index closed up 10.74 points, or 0.1%, at 8,269.382. The FTSE 250 ended down 39.38 points, or 0.2%, at 20,790.55, and the AIM All-Share lost 3.44 points, 0.5%, at 725.69.The Cboe UK 100 closed up 0.2% at

Growth in order book reassuresTop performer in FTSE 250 indexRally broadens to other buildersTyne and Wear-based housebuilder Bellway (BWY) pleased the market with its outlook for 'strong multi-year growth' despite a drop in revenue and completions in the year to July.The shares climbed as much as 280p or 9% to a new 12-month high of £33.34 before settling back at £32.62 for a gain of 210p or al

The latest house price surveys from Halifax and Nationwide ? two of the UK's largest mortgage lenders ? should have investors in developers breaking out the champagne, yet stocks such as Persimmon (PSN) and Taylor Wimpey (TW.) have gone nowhere for the last few weeks while Barratt Redrow (BTRW) shares are hitting three-month lows.Uncertainty ahead of the autumn budget and over the pace of interest

Stocks closed in the green in Europe on Wednesday, following encouraging inflation data, and with housbuilders and gaming stocks leading the winners.The FTSE 100 index closed up 45.82 points, 0.6%, at 8,281.05. The FTSE 250 ended up 208.21 points, 1.0%, at 20,952.29, and the AIM All-Share closed up 3.53 points, 0.5%, at 771.51.The Cboe UK 100 ended up 0.6% at 827.47, the Cboe UK 250 closed up 0.7%

New home completions up 5%Interim dividend held at 20pShares up 37% over past yearShares in Persimmon (PSN) perked up nearly 3% to £15.86 in morning trading after the leading housebuilder guided to full year completions of 10,500, the top end of management's prior guidance.The FTSE 100 firm also said underlying operating profit and margin were in line with expectations for the six months ended 30

Stock prices were lower at midday Thursday in Europe, ahead of New York Stocks which are called to open mixed as markets remained cautious.The FTSE 100 index was down 80.43 points, 1.0%, at 8,086.45. The FTSE 250 was down 257.43 points, 1.3%, at 20,318.60, and the AIM All-Share was down 5.58 points, 0.7%, at 761.74.The Cboe UK 100 was down 0.9% at 807.71, the Cboe UK 250 was down 1.3% at 17,811.02

On 17 July, Sir Keir Starmer's new Labour government announced its plans for the first year of the new parliament, with growth and wealth creation the priority.King Charles' speech at the State Opening of Parliament included a total of 39 bills under a new legislative agenda which includes speeding up the delivery of 'high-quality infrastructure and housing' and nationalising railway operators.Sta

Adjusted operating profit of £6.2 million for first halfMartyn Clark will take over as CEO on 14 JuneDividend slashed to 1p per shareShares in Crest Nicholson (CRST) were down over 8% to 221p in morning trading as the housebuilder warned on profit. Other housebuilding shares fell, albeit more modestly, in sympathy.It reported an adjusted operating profit of £6.2 million for the six months ending

Legal & General selling CalaDeadline for bids next weekPrice seen around £1 billionIn a sign of growing confidence among housebuilders, it has been reported Persimmon (PSN) could bid for smaller rival Cala Group which has been earmarked for sale by owner Legal & General (LGEN).Shares in the York-based homebuilder cheapened 32p or 2% to £14.50 as investors prepared themselves for a potential capi

Stock prices in London closed lower on Wednesday, ahead of an announcement from Westminster calling a general election on July 4, and amid hotter-than-expected inflationary figures from the UK.The FTSE 100 index closed down 46.12 points, 0.6%, at 8,370.33. The FTSE 250 ended down 73.30 points, 0.4%, at 20,710.07, and the AIM All-Share closed down 3.22 points, 0.4%, at 803.87.The Cboe UK 100 ended

Average prices up by 1.3% for top-of-the-ladderMay typically strong month for price growthShares in UK housebuilders higher on newsThe average price of a property coming to the market for sale in May hit a new record of £375,131 up 0.8% or £2,807 in the month, according to data from online property portal Rightmove (RMV).The reason for the modest upwards price pressure was due to the spring sell

Stocks prices in London were higher at midday on Tuesday, as local data added to the uplift provided by US markets on Monday.The FTSE 100 index was up 82.73 points, 1.0%, at 8,296.22. The FTSE 250 was up 225.42 points, 1.1%, at 20,389.96, and the AIM All-Share was 5.72 points, 0.7%, at 777.25.The Cboe UK 100 was up 1.0% at 828.39, the Cboe UK 250 was up 1.0% at 17,662.42, and the Cboe Small Compan

Stock prices in London opened in the green on Friday, as the UK could be on a path to avoid a recession according to new GDP data from the Office for National Statistics.Eyes are also on the banking earnings season, which kicks off on Friday. Citigroup, JPMorgan Chase and Wells Fargo are due to release first-quarter numbers. Asset manager BlackRock also reports.The FTSE 100 index opened up 61.11 p

Surveys point to steady growthBuyer confidence improvingConstruction sector expandingIn a further sign of returning confidence in the housing market, the latest survey from the Halifax ? part of Lloyds Banking Group (LLOY) ? shows annual prices continuing to rise despite relatively subdued activity.The news wasn?t quite enough to support the shares of the leading developers such as Barratt Develop

CRH director spends $2.5 millionPersimmon CEO buys over £100,000 sharesMelrose CFO snaps up over £99,000 sharesDean Finch, chief executive of UK housebuilder Persimmon (PSN), bought 7,621 shares at £13.15 for a total value of £100,216 on 12 March, after which he owns 24,078 in the company.Finch may be taking advantage of the 7% share price fall over the past month after Persimmon reported a 5