UK builders gain as rising house prices bring relief

UK builders gain as rising house prices bring relief

0914 GMT – Britain’s homebuilders are gaining ground as battered investors welcomed data showing house prices continued to rise in September. Still, annual price increases slowed to 9.5% in the month from 10% in August, according to the National House Price Index. The figures show that factors such as rising energy prices and last week’s controversial UK budget statement are affecting property market confidence and momentum, Garrington Property Finders said. “One week after the mini-budget, the market is in shock as hundreds of mortgage products are pulled and interest rates rise,” writes Garrington chief executive Jonathan Hopper. “The Chancellor’s stamp duty reduction is welcome, but the rising cost of borrowing will negate its impact.” Barratt Developments is the top riser in the FTSE 100, up 5%, with rivals also up. ([email protected])

 
Companies News: 

Cineworld 1H’s pre-tax loss narrowed after Covid-19 restrictions eased

Cineworld Group PLC said on Friday its first-half pre-tax loss narrowed as revenue rose after the easing of remaining Covid-19 restrictions in the first quarter.

The Morses club remained significantly in deficit in 1H due to repair requests

Morses Club PLC said on Friday it continued to experience significant losses in the first half of financial year 2023 due to repair claims in its HCC division, and raised significant uncertainty concerns.

JD Sports partners with Nike to offer customer rewards

JD Sports Fashion PLC said Friday it has partnered with Nike Inc. to offer rewards to customers.

Pennon says 1H performance meets expectations

Pennon Group PLC said on Friday that its performance for the first half ended September 30 was in line with management’s expectations in a volatile macroeconomic environment.

Dignity changed to 1H loss after pricing, product line changes

Dignity PLC said on Friday it turned to a pre-tax loss for the first half of 2022 after market normalization post-Covid-19, impairment and a significant change in pricing and product mix.

Science in Sport hangs up the ‘For Sale’ sign; To raise £5m via cut price placement

Science in Sport PLC said on Friday it had begun a review of the business which could lead to the sale of the business or certain assets, and plans to raise 5 million pounds ($5.6 million) to support the company in the event of a new slowdown. on the economy.

Numis expects 33% decline in FY2022 revenue due to weaker capital markets activity

Numis Corp. said Friday it expects a 33% drop in revenue in fiscal 2022 due to weaker capital markets activity and a strong year-over-year comparison.

LoopUp Group first-half revenue, lower pre-tax profit

LoopUp Group PLC said Friday that pretax revenue and profit fell in the first half.

Real Good Food Says Start of Fiscal Year 2023 Was Tough; Slipped volumes

Real Good Food PLC said on Friday that market conditions at the start of fiscal 2023 have been challenging, with volumes down both on the year and from pre-pandemic levels, and it plans to take further action. cost reduction.

Live business group’s first-half pre-tax loss narrowed as revenue soared

Live Company Group PLC said on Friday its first-half pretax loss narrowed as its revenue rose.

Ince Group sees lower comparable performance in first half, but fiscal year trading expected to rise

Ince Group PLC said on Friday that its performance for the first half of the 2023 financial year was not expected to show improvement on a like-for-like basis from the same period a year earlier, but that trading activity for the year as a whole is set to increase.

DP Eurasia H1 Pre-Tax Profit, Revenue Up; Current performance consistent with views

DP Eurasia NV said on Friday that profit and pre-tax revenue increased in the first half of 2022, reflecting robust growth in systems sales, and that its performance was in line with the board’s expectations.

Science in Sport First-half pre-tax loss widened on Russia exit, costs and supply chain issues

Science in Sport PLC said on Friday its first-half pretax loss widened due to external headwinds and despite an increase in revenue.

Ukrproduct suffered a 1H loss as the war in Ukraine weighs

Ukrproduct Group Ltd. announced on Friday that it recorded a loss in the first half of the year, as the war in Ukraine disrupted activity and reduced income.

Mode Global Holdings first-half revenue impacted by market volatility

Mode Global Holdings PLC said on Friday its first-half revenue was hit by market volatility, but reported a slightly reduced pre-tax loss.

Trackwise 1H Extended pre-tax loss due to exceptional costs; Seek additional funding

Trackwise Designs PLC said on Friday its pre-tax loss widened in the first half after booking one-off costs, and it will need additional funding.

Fox Marble Holdings’ first-half pretax loss widened on takeover costs

Fox Marble Holdings PLC said on Friday its pre-tax loss widened in the first half due to costs incurred in connection with the reverse takeover of Eco Buildings Group Ltd.

 

Contact: London NewsPlus; [email protected]

(END) Dow Jones Newswire

September 30, 2022 06:18 ET (10:18 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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