LONDON (Reuters UK) - Shares in Barratt Developments BDEV surged as much as 34.6 percent on Monday which traders said was due to Polaris Capital Management LLC raising its stake in the housebuilder. Barratt Developments said in a statement that Polaris had reached a threshold...
Bovis Homes has slashed its dividend and cut 400 jobs as it grapples with the deepening housebuilding slump. More big cuts in the price of its homes are also planned as it tries to tempt buyers. Its chief executive, David Ritchie, said the Government should urgently find...
GARRY RICHARDS' last-gasp goal gave Gillingham their first win of the season. Robert Purdie scored his second penalty of the campaign to put Darlington back in it after Simeon Jackson had given the away side the lead. Gills' assistant manager Scott Barratt...
FROM Patsy Kensit's gangster relatives to Boris Johnson's royal blood, BBC1's Who Do You Think You Are? has shown how thrilling family history can be. Each week millions of viewers watch a celebrity investigate their roots. Now Nick Barratt - the show's consultant genealogist - shows...
PsychoGeography I conceived the idea of walking from Flamborough Head to Spurn Head, along the Holderness coast of East Yorkshire. It was about 60 miles and I could do it comfortably over three days. Why this walk along this coast? Well, the soil here - loess...
Barratt Developments, Bradford & Bingley and Taylor Wimpey have tumbled into the 90 per cent club in a sign of suffering in the housing sector, according to market research firm DigitalLook.com. The club is made up of companies whose shares are worth just 10 per cent of...
THE BIG CHILL Eastnor Castle Deer Park MALVERN **** It sparkles like a rare diamond and its contents are sought after by millions. Yes, ladies and gentleman, Noel Fielding's jumpsuit has landed. It was not a musical act that filled the Saturday night slot of this...
MARKET REPORT Alliance & Leicester was weak yesterday after Panmure Gordon, mindful of the "unenviable combination of operating losses and declining credit quality/rising risk weightings", highlighted the need for additional capital at the FTSE 250-listed bank. The broker slashed its...
MARKET REPORT The Royal Bank of Scotland ended at second place on the FTSE 100 loser board yesterday after Cazenove said that, despite its 12bn rights issue, the bank remained challenged by its exposure to weakening corporate credit quality and the uncertainties of...
Four directors of the housebuilder Berkeley are set to receive payouts worth almost 60m, at a time when the rest of the sector is struggling to keep its head above water. The group's co-founder and current group managing dir-ector, Tony Pidgley, is in...
THE WEEK AHEAD The housebuilder Barratt Developments, which is due to publish a trading update on Thursday, has been among the hardest hit as investors sell out of the embattled housing sector, and the market is looking forward to more clarity on the...
US take on 'Gavin and Stacey'? Whatever When the British actor Simon Pegg discovered his sitcom Spaced was being remade in the US without his consultation, he hastily issued an angry statement describing the move as a "flagrant snub". Mathew...
In these frugal days, buying Tesco's mushroom risotto for 1.99 rather than paying double at Marks & Spencer looks a good deal. Even the better-off are now going to cheaper shops to save on food now that petrol costs as much as gold. It's this change...
Housebuilders ploughed on with their growth plans at the top of the market and now they're paying the price, finds Mark Leftly Once again, Tony Pidgley, the Barnardo's boy turned multimillionaire residential builder, is set to make a killing out of a property...
The extent of the collapse in the housebuilding market will be revealed this week with trading statements from Barratt Developments and Persimmon, two of the sector's big three. The other giant, Taylor Wimpey, shocked the City last week by failing to complete a...
The Mighty Boosh Festival today The dazzling and daft duo of Noel Fielding and Julian Barratt are mounting their first-ever festival. They have assembled a top-class bill, including Ross Noble, Frankie Boyle, Josie Long, Mark Watson, Arj Barker, Wil Hodgson, Robin Ince,...
It was a week that most retailers would probably prefer to forget - seven days that shook the high street. From the grandest names to the most minor, the news has been uniformly grim. Yesterday, the mighty John Lewis reported that its sales...
THE INVESTMENT COLUMN Our view: Buy Share price: 849.5p (+23p) According to the engineering group Amecs chief executive, Samir Brikho, there is absolutely nothing to worry about. Indeed, he is so confident about the companys future that...
MARKET REPORT HBOS recovered from recent lows and claimed first place on the FTSE 100 yesterday after market rumours mooted the possibility of an asset sale. The bank, which is raising 4bn via a rights issue to shore up its...
By David ProsserDeputy Business Editor Barratt Developments is to axe 1,000 jobs, almost 15 per cent of its workforce, as the embattled builder attempts to slash its costs in the face of the housing crisis. Barratt said it would close...
Articles 2008-07-04
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