UK house builder shares rise on possible stamp duty cut
House builder shares rise on possible UK stamp duty cut
1020 GMT – Speculation that the new UK government will unveil stamp duty cuts on Friday has fueled stocks of homemakers, who have been weak this year on fears of a recession in the property market, says AJ Bell. A reversal cut was soon implemented during the COVID-19 pandemic, which boosted property prices and transactions. Russ Mold, investment director at AJ Bell, says, “Investors have lost count of the number of times the government has provided stimulus measures to the housing industry, and once again it looks like the sector will get an energy boost from No. 10 ” Shares of Barratt Development were up 3.3% at 418.1 pence, Persimmon was up 3.9% at 1,389.0 pence, Taylor Wimpey was up 2.9% at 106.05 pence and Berkeley Group was up 1.5% at 3,558.0 pence. ([email protected])
Land Securities London Portfolio signs new hire; occupancy on the rise
Land Securities Group plc said on Wednesday that operating momentum continues across its central London portfolio, signing new hires, with occupancy increasing from the end of fiscal 2022.
Keyword Studio 1H pretax profit surge amid strong demand levels for content
Keyword Studio plc on Wednesday reported a significant increase in pretax profit for the first half of 2022, as revenue grew on strong demand levels for its content.
S4 Capital 1H operating loss increased significantly; Fiscal Year Outlook Unchanged
S4 Capital Plc on Wednesday reported a fairly broad operating loss for the first half of 2022, and said its full-year net revenue growth target remains unchanged at 25%.
Aveva agrees to GBP9.48 Bln acquisition by Schneider
Aveva Group Plc said on Wednesday it has agreed to a 9.48 billion pounds ($10.79 billion) acquisition by its major shareholder, French energy management and automation conglomerate Schneider Electric SE.
Galliford Tries FY 2022 Pretax Profits Failed; Begins GBP15 million share buyback
Galifford Tri Holdings Plc said on Wednesday that its fiscal 2022 pretax profit fell on a statutory basis, though it rose on an adjusted basis, and it would buy up to £15 million ($17.1 million) in a share-buyback program.
Ten Entertainment turns in 1H pretax profit as revenue growth on higher sales
Ten Entertainment Group plc said Wednesday that it came in first-half pretax profit as revenue grew on record sales, and its performance for the year was in line with expectations.
Sports Workshop Preliminary Fiscal Year 2023 Demonstration Meeting Scene; declares dividend
Games Workshop Group Plc said on Wednesday that core revenue increased and pretax profit decreased in line with expectations in the three months to August 28 and declared a dividend.
City Pub 1H turns pretax profit, revenue rises in Covid-19 recovery
City Pub Group Plc said on Wednesday it turned a pretense profit in the first half and grew revenue significantly as it recovered from the effects of the coronavirus pandemic.
Pendragon 1H pretax gains up on better margins
Pendragon Plc reported Wednesday that pretax profit for the first half of 2022 increased, helped by higher margins on new and used vehicle sales, and it expects supply shortfalls to continue.
WANDisco signs $25 Mln contract, sees 2022 bookings beating market scenes
WANDisco PLC said on Wednesday that it has signed a $25 million contract with a leading global communications company, and expects 2022 bookings to significantly exceed market expectations.
LXI REIT Sainsbury’s Sells Over GBP500 Million, In Discussion With Leaseback
LXI REIT plc said on Wednesday it is in discussions with Jay Sainsbury plc to acquire a portfolio of grocery stores for an estimated £500 million ($569 million) on a sale and leaseback basis.
JD Sports agrees to a deal of GBP5.5 Mln with former chairman Peter Cowgill
JD Sports Fashion Plc said on Wednesday that it has reached an agreement with former executive chairman Peter Cowgill that includes enhanced restrictive covenants and a consultation agreement for a period of two years.
Polyus 1H revenue declines on lower gold sales, higher cost
Polyus PJSC said Wednesday that revenue for the first half declined as total gold sales declined and its total cash cost per ounce sold, or TCC, rose 12% over the period to $435.
Petershill Partners Posts 1H Pretax Loss, Upgrades 2022 View; declares dividend
Petershill Partners Plc on Wednesday reported a pretax loss for the first half of 2022, raised its full-year guidance and announced a dividend payment.
SRT Marine Systems to Report Better 1H Performance vs. 1H 2022; shares rise
Shares of SRT Marine Systems Plc rose 11% on Wednesday after the company said it expected to report earnings for the first half of fiscal 2023 after a spectacular start to the year in the same period a year ago. is better than.
Frontier Developments FY 2022 pretax profit fell sharply at higher costs
Frontier Development Plc on Wednesday reported a significant decline in pretax profit for fiscal year 2022 after the company booked higher costs, and said the board is confident about meeting its fiscal year 2023 views.
Warpaint London 1H pretax profit up on strong profit margins; raises dividends
Warpaint London plc on Wednesday reported increased pretax profit for the first half, driven by significantly improved gross profit margins and higher revenues.
TP Group 1H pretax loss reduced at a lower cost; TPG hurt by maritime heritage contracts
TP Group plc said Wednesday that its first-half pretax loss narrowed after low-cost bookings, and the performance of its TPG Maritime division, were hampered by legacy contracts.
SDI Group sees FY2023 earnings in line with market outlook
SDI Group Plc said it has started the year well and expects to report full-year earnings in line with market expectations.
XPS Pension acquires Penfida Ltd.; 2022 looks beyond board view
XPS Pension Group plc said on Wednesday it has acquired Penfida Ltd for £11.6 million ($13.2 million), and expects full-year performance to be above ideas.
Ten Entertainment’s 1H boost in sales not seen as a temporary jump
1004 GMT – Ten Entertainment’s 1H results and performance through September show continued strong comparative growth to 2019 levels, which are now consistently more than 30% above pre-Covid-19 levels, said Librem analysts Anna Barnfather and Nishant Dahad has said in a note. For the UK operator of family-recreation centres, this means that, with operational gearing up, a pretax profit margin of around 20% will lead to a nearly 9% increase in 2022 pretax profit projections to GBP25 million, and 3.2% to GBP29 million for 2023 Will be , analysts say. “It is becoming clear that the increase in sales levels is not just a temporary reopening growth, but a new base level of demand that is 30% higher than before the pandemic,” he says. ([email protected])
UK’s vulnerable sectors need more help from energy schemes, property body says
1003 GMT – The UK government’s energy bill relief program delivers on its promise to provide support to businesses across the UK facing huge increases in energy prices, the British Property Federation says. However, vulnerable sectors will require more targeted support and Trade Secretary Jacob Rees-Mogg should continue to look at all options, including measures to ease the volatile burden of trade rates, says the property trade union. BPF says, “Now is the time to stabilize business rates manifold for the next financial year to avoid significant inflation and ensure that businesses whose rates are being reduced due to previous revaluations are immediately Take advantage of this shortcoming.” ([email protected])
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(END) Dow Jones Newswires
September 21, 2022 06:42 ET (10:42 GMT)
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