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Search resuls for: "Aynsley Lammin"


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☆ Key housing focus for UK's Labour Party will be on supply side, Investec analyst says
  + stars: | 2024-07-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKey housing focus for UK's Labour Party will be on supply side, Investec analyst saysAynsley Lammin, equity analyst at Investec, says the U.K. Labour Party's plan to restore mandatory housebuilding targets is a "quick win" for the sector that should boost planning and supply.
Persons: Aynsley Organizations: UK's Labour Party, Labour
☆ From holidays to mortgage waivers, UK homebuilders dish out freebies to revive sales
  + stars: | 2023-09-01 | by ( Ajose Koilparambil | ) www.reuters.com   time to read: +4 min
If they have a 5% deposit, then deposit boost works well where we give an additional 5% so that they can secure a 90% loan-to-value mortgage," said a sales director with Persimmon. Some homebuyers are opting for exchange options, where the builder purchases the buyer's existing property and the payment helps fund the new-home purchase. "Mortgage holidays", offered by Persimmon and other builders, are also popular among homebuyers with builders contributing towards home-loan payment during a specific period. Reuters GraphicsKNOCK ON MARGINSThe incentives, while aimed at boosting demand, come at a cost for homebuilders struggling to keep costs low. Persimmon said last month sales incentives and marketing costs shaved off 2.1% from its half-year gross margins.
Persons: Toby Melville, Barratt, Persimmon, Aynsley Lammin, Peel Hunt, Sam Cullen, Cullen, Taylor, Aby Jose Koilparambil, Sweta Singh, Saumyadeb Organizations: REUTERS, British, Reuters Graphics, Bank of England, Reuters, Peel, Thomson Locations: Bristol, Britain, British, Bengaluru
☆ UK homebuilders under pressure as lofty mortgages deter first-time buyers
  + stars: | 2023-07-24 | by ( Ajose Koilparambil | ) www.reuters.com   time to read: +4 min
Midcap firms Bellway (BWY.L) and Crest Nicholson (CRST.L) have also pointed to high mortgage rates hampering demand from first-time buyers. Even a potential revival of the government's 'Help to Buy' scheme, which offered incentives to first-time buyers, will not be enough to improve affordability, analysts have said. Persimmon (PSN.L), one of Britain's biggest homebuilders heavily exposed to first-time buyers compared to its FTSE 100 peers, has offered new customers a "10 months mortgage free" deal. Still, the housing sector faces an uncertain path to recovery, given the ultra-elevated mortgage rate levels. Meanwhile, investors will look out for updates on demand when a couple of high-profile homebuilders report half-year results next month.
Persons: Barratt, BDEV.L, Nicholson, Steve Turner, Bellway, Peel Hunt, Sam Cullen, housebuilders, Cullen, Persimmon, Rob Perrins, Jeremy Hunt, Aynsley Lammin, Aby Jose Koilparambil, Sweta Singh, Saumyadeb Organizations: Berkeley, Reuters, Home Builders Federation, Bank of, Times, Housing, Thomson Locations: Berkeley, England, Wales, Bank of England, Bengaluru
☆ Sales trend in focus as British housebuilders fight slowdown
  + stars: | 2023-02-28 | by ( Ajose Koilparambil Suban Abdulla | Ajose Koilparambil | Suban Abdulla | ) www.reuters.com   time to read: +2 min
Feb 28 (Reuters) - British housebuilders Persimmon (PSN.L) and Taylor Wimpey (TW.L) publish full-year earnings this week with analysts seeking to establish whether a protracted sector downturn is on the cards. Analysts, therefore, will be focusing on sales updates within Persimmon and Taylor Wimpey's annual results statements on Wednesday and Thursday respectively. The two companies are expected to report a slight improvement to full-year earnings, but trading statements last month said their order books were down year on year. The focus in this week's earnings statements will be sales trends and pricing, said Aynsley Lammin, equity research analyst at Investec Bank. Barratt (BDEV.L), meanwhile, has cut its mid-year dividend by 9% as housebuilders increasingly look to preserve cash.
☆ Analysis: UK housebuilders may cut dividends as surging rates deter buyers
  + stars: | 2023-01-09 | by ( Ajose Koilparambil | ) www.reuters.com   time to read: +5 min
The big, listed UK housebuilders have paid dividends worth 2.2 billion pounds ($2.6 billion) for their respective last financial years. Potential cuts in dividends would weigh down on shares of housebuilders, after the sector index (.FTNMX402020) slumped more than 44% in 2022. Among the FTSE 100 builders, analysts are now forecasting dividend cuts from many firms, particularly those whose payouts are linked to earnings growth. High-end housebuilder Berkeley (BKGH.L) stuck to its cash-return plans, but cut its earnings estimates for the 2024 and 2025 fiscal years. Barratt, Persimmon and Berkeley have said they would be more cautious with land purchases, in a bid to reduce outgoings as falling property prices squeeze margins.
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