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Wednesday 05 February 2020 8:58 amHousebuilder Barrattrsquo half-year profit boosted by strong salesBy: Anna MeninShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleIt completed around 600 more houses in the period than it did last year, a 6.9 per cent increase.Barratt Developments has reported a rise in pre-tax profit for the first-half as the UKrsquo biggest housebuilder sold more homes at lower prices.Barratt, which sold its highest number of homes in 12 years in the six months to 31 December, said this morning that profit before tax rose 3.7 per cent to pound;423m.We have achieved a strong first half performance, delivering continued volume growth and making good progress against our medium term targets, said chief executive David Thomas.The number of new builds completed by Barratt increased 9.1 per cent in the first half, while average selling prices fell 0.9 per cent.The housebuilder announced a further extension to its capital return programme, pledging to pay shareholders special returns of pound;175m in November 2020 and November 2021, in addition to ordinary dividend cover at 2.5 times polene bag . Sign up to City A.M owala .rsquo Midday Updatenewsletter, delivered to your inbox every lunchtimeWe have made a good start to our second half and with substantial net cash, a well-capitalised balance sheet and strong forw polene ard sales, the outlook for the full year Cwio Fresh hopes over deal for Greek debt
Tuesday 22 June 2010 9:14 pm|Updated:Friday 31 May 2019 6:50 amRetailers warn tax hike threatens sales recoveryBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleRETAILERS 8200;yesterday warned the rise in VAT would dent a recovery on the High Street, but won an important concession stanley termosy by convincing the Treasury to delay its introduction until 4 January.Treasury sources said the chancellor had taken into account the hoo hah experienced by the industry when the last change in VAT was enacted almost immediately. Osborne also agre stanley at ed with retailers that said an immediate rise would hurt the recovery. Introducing an increase in VAT this calendar year would not be economically advisable. We think the recovery will be stronger by 4 January, an aide said.Retailers and other traders fear that the hike to 20 per cent wil owala canada l threaten to scupper the progress made since the recession which saw a belt-tightening from cash-strapped shoppers. BRC director general Stephen Robertson said: We didnrsquo;t want a VAT increase. Itrsquo;ll hit jobs, consumer spending, the pace of recovery and add to inflation.Itrsquo some consolation that the range of VATable products isnrsquo;t being extended.Experts have estimated that retailers will be hit to the tune of billions of pounds as goods go up in price.Richard Fleming, UK head of restruct

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Thursday 26 June 2014 9:14 pm|Updated:Wednesday 29 May 2019 8:54 pmGlastonbury no longer just for hippies as City gets ready to partyBy: Express KCS stanley usa ShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleOnce the reserve of hippies and staunch lefties, Glastonbury has started to appeal to a much wider audience, with luxury winnebagos for pound;8,250 a pop for those not in favour of pitching tents. This year, wersquo;re expecting Glasto regulars RLM Finsbury founder Roland Rudd, Deloitte head of property Andy Rothery, Sercorsquo newbie chief Rupert Soames and UBSrsquo; global head of investment management tax Zoe Hart to make the trip. Letrsquo hope theyrsquo;ve got their wellies. Share th stanley cup is articleFacebookXLin stanley cup kedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessTrending ArticlesLabour will regret the Rentersrsquo; Rights ActUK at lsquo;greatest riskrsquo; of jet fuel shortage as flights to be cancelledJet fuel shortage looms as government scrambles to secure suppliesAfter Santanderrsquo TSB takeover ndash; who are the top players in UK banking Clairersquo Accessories to launch UK high street comebackMore from City AMlsquo;A London Marathon every weekend I think we can get to that ndash; and sell outrsquo;Sport BusinessMPs demand Kanye West ban as FTSE 100 sponsor ditches Wireless FestivalHospitalityCapitolis Appoints Financial Services Exe Zuok Bottom Line: Culture of bribery makes for risky business
Friday 05 August 2011 2:27 pm|Updated:Friday 31 May 2019 3:18 amBanks lead FTSE down on close after tumultuous weekBy: John DunneShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAp stanley termosy pEmailShare on stanley uk EmailAdd as a preferredsource on GoogleBanks and commodity stocks fell sharply on Friday as the top share index extended losses into a sixth straight trading day, battered by a global debt crisis and unmoved by US jobs data easing fears of another economic recession.Lo stanley quencher uk ndonrsquo blue chip FTSE 100 closed down 146.15 points, or 2.7 per cent at 5,246.99, as investors continued to pile funds into safer havens such as bonds, gold and the Swiss franc.The FTSE 100 came off a session low of 5,202.62, but concerns over the health of the global economy remained despite US non farm payrolls offering hope the worldrsquo biggest economy was not sliding into a fresh recession.Many of the buy trades we saw from investors were placed on very short term contracts, emphasising that the concerns over global growth will not disappear with todayrsquo jobs figures, Joshua Raymond, chief market strategist at City Index, said.The benchmark index has shed 9.7 per cent in the last five trading days, its worst weekly performance since just after the collapse of Lehman Brothers in 2008. Investors are worried that in trying to keep a lid on the global debt crisis, growth will be curtailed which will feed through to corporate earnings.The w

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