Housebuilders suffer after Berkeley production warning
UK housebuilders experienced a sell-off today after Berkeley Group Holdings warned it would not be able to boost production to meet the government’s demand for new homes.
L&G Capital takes full ownership of UK housebuilder
Legal & General Capital has boosted its commitment to UK residential property after acquiring full ownership of an Edinburgh-based housebuilder.
Woodford-backed start-ups reveal cash woes
Itaconix and RM2 International, two small-cap firms that are majority owned by Neil Woodford, have reported cash troubles in their latest trading updates. Elsewhere, the heavyweight UK manager has doubled his exposure to builder Crest Nicholson.
Woodford: ‘utterly convinced’ strategy will pay off when bubble bursts
Neil Woodford believes his recent move toward domestic stocks will be vindicated when the current stock market bubble finally bursts.
Housebuilders’ shares tumble as Hammond vows to curb ‘land banking’
Shares across Britain’s biggest housebuilders were hit in the wake of Philip Hammond’s threat to crack down on the developer practice of “land banking.”
Risks abound in housing stocks despite strong Persimmon update – LGIM’s Penny
Persimmon’s trading update on Thursday may have buoyed housebuilder’s share prices, but listed builders are not out of the woods yet, according to Legal & General Investment Management’s Richard Penny.