Pre-tax profit for the half year dropped to £291.8m, from £313.9m last year, despite a 3.6% rise in revenue to £1.54bn. Depsite not mentioning it in tis statment Bellway has subsequently confirmed it is follwoing other other housebuilders, such as Persimmon, Taylor Wimpey and Galliard Homes, in shutting down construction sites. It’s statement said: “The […] More
In addition, for international students who are unable to return home at the end of their tenancies, Unite will provide accommodation over the summer months at no extra cost. Unite has told investors it is well positioned to withstand the impact of the Coronavirus until trading conditions normalise. In a statement to the London Stock Exchange […] More
The move is designed to help NHS staff who need to be close to work and to help hospitals free up crucial beds during the health crisis. John Tonkiss, chief executive of McCarthy & Stone said: “We have offered more than 300 of our newly built apartments to the Government to assist the NHS with […] More
The business has also closed its show homes and sales centres, cancelled its dividend, and drawn down a revolving credit facility (RCF). Despite no instruction from the government to close, the housebuilder will begin shutting down all construction sites today for all work except that needed to make the sites safe and secure. The company also […] More
London residential developer Galliard has shut down all of its construction sites, with the exception of important safety works. The developer said the decision will remove 2,500 construction workers from the London transport network and that the decision “would help ensure the health and safety of the company’s on site staff”. It said the rest […] More
Due to the unprecedented situation we find ourselves in with Covid-19 you, your partner or a family member may have temporarily lost their job. This can be a scary experience for many with bills such as mortgages to be paid. While full details on income supports are set to be revealed soon, you can apply […] More
As construction workers have been designated as key workers during the health crisis, Redrow, and other housebuilders are permitted to continue to work on schemes. The group said: “Our main priority is to safeguard the well-being of our workforce and customers. Sites currently remain open with strict precautions in place including enhanced levels of cleaning, […] More
It comes at the end of five days of dealmaking for the company, which saw it secure another £55m development loan to construct two other student schemes in Loughborough and Nottingham. The work on the final phase of Steel City, Sheffield, is being funded by the refinancing of another Maslow Capital development loan that covered […] More
