Outspoken Redrow boss Steve Morgan takes another swing at the Government's "localist" planning agenda claiming that councils were using the changes as an excuse to build even fewer houses... more
Redrow founder and chairman Steve Morgan voices fears over planning reforms as a “Nimbyist charter”, after steering the housebuilder into the black following his first full year back in charge... more
Housebuilders Barratt Developments and Redrow today tapped the City for almost £900 million amid signs business is returning to levels not seen since before the collapse of Northern Rock ... more
Citigroup has rushed to raise its price targets for most of the big builders despite the Ernst & Young ITEM Club warning that house prices could take a further five years before they return to their 2007 peak. ... more
Banks were on the radar again today as the City braced itself for results from Bank of America and Citigroup following decent figures from Goldman Sachs and JPMorgan ... more
Mixed results from US banks Citigroup and Bank of America took the gloss off the markets as the FTSE 100 index struggled to hang on to early gains ... more
There is still no sign that the slump in the housing market has hit rock bottom. In fact, some property experts are predicting prices will continue falling throughout the remainder of this year, by as much as another 10% to 20% ... more
The stock market has again failed to consolidate its position above the 4500 level with investors choosing to give back some of yesterday’s commodities-led charge after opting to lock in profits, rather than chase shares higher ... more
Property group Segro has launched a deeply discounted £500 million rights issue, becoming the latest — but not the last — property company to seek more cash from investors... more
Perhaps the most remarkable aspect of these extraordinary times is the pace of the adjustment. Redrow, the builder, this week announced that its year-on-year house sales have fallen by 45%, while figures for the housing market yesterday revealed that prices declined by 15% in the year to October.... more
Sound check: German industrial metal band Rammstein literally play with fire in their live performances - and now they are about to unleash their singeing spectacle on London. Watch out for your eyebrows
Morning:
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