McCarthy & Stone recommends new bid
Bidding for McCarthy & Stone stepped up a gear yesterday as the retirement homes builder recommended an offer by a Bank of Scotland led consortium.
Wimpey boosts profits by 25% during first half
George Wimpey has grown its pre-tax profit by a quarter to £152.3 million during the six months to July 2. While the UK business reported a healthy 7% rise in operating profit to £114.9 million, the strong performance of US arm, Morrison Homes, saw it grow profit by 23% to $125.3 million.
McCarthy & Stone bid hits £10.75 a share
Fierce bidding for control of retirement homes giant McCarthy & Stone is continuing, as the firm’s valuation hit £10.75 a share, following the latest offer tabled by the Broomco consortium.
Maximise section 106 gains, Cooper tells local authorities
Planning minister Yvette Cooper has called on local authorities to leverage more money from developers for affordable housing and infrastructure through section 106 agreements, which she claims are underutilised.
Exhibition cuts through Thames Gateway hype
Barratt social housing up
Willmott Dixon sheds housing brands
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