The housebuilder had also rejected a proposal from Redrow .
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British housebuilder Barratt Developments declined 3.2 percent following its update.
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The housebuilder also mentioned that its order book was down.
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Housebuilder Taylor Wimpey fell 2.1 percent after a mixed trading statement.
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Britain's second-biggest housebuilder Persimmon also fell, despite a bright trading update.
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Housebuilder Countryside advanced 5.7 percent after an upbeat half-year trading update.
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Housebuilder Persimmon also dropped 4.3 percent, despite reporting higher first-half revenues.
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Lloyds Bank was down another 1.9 percent while housebuilder Persimmon was down 2.2 percent.
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Housebuilder shares have recently touched their lowest level since the June 2016 Brexit referendum.
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The housebuilder said its full-year results for 2017 would be in line with expectations.
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Barratt, Britain's biggest housebuilder, surged 5.2% on its best day in more than eight months.
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The mid-cap FTSE 250 rose 3 percent, buoyed by a rise in housebuilder Redrow.
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Persimmon, Britain's second largest housebuilder, did not immediately respond to a Reuters request for a comment.
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Sky News had reported in March that housebuilder Bovis had considered Davies for its top job.
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Financial services group St James's Place fell 29 percent while housebuilder Barratt Developments slid 26 percent.
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Housebuilder Barratt climbed 2.2% higher after announcing an increase in first-half earnings and a special dividend.
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Housebuilder Barratt climbed 2.2% higher after announcing an increase in first-half earnings and a special dividend.
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Barratt, Britain's largest housebuilder, gave up 3.7%, while peers Persimmon and Taylor Wimpey lost around 3% each.
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The housebuilder was among the worst hit after Britain voted to leave the European Union last June.
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Brexit hopes boosted British housebuilder and bank shares, with Lloyds, RBS and Persimmon among the top European gainers.
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Housebuilder shares recovered from early losses as the market became more confident May would see off the challenge.
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Meanwhile, U.K. housebuilder Bovis Homes said that full-year profits will come at the top end of expectations.
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UK housebuilder Taylor Wimpey fell 4.5 percent, the biggest loser on the FTSEurofirst, as the stock went ex dividend.
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Bellway, another U.K. housebuilder, was also among the top performers, which increased more than 3.7 percent by the close.
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Barratt, a housebuilder, and Segro, an industrial-property developer, have proposed such a plan for another site in Hayes.
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However, housebuilder Persimmon was the top faller on the FTSE 100, dropping 6 percent after reporting its latest results.
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Among the midcaps, housebuilder Crest Nicholson added 6.5 percent after naming Galliford Try's Peter Truscott as chief executive officer.
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Mid-cap housebuilder Crest Nicholson slumped 9 percent on its worst day since May as the stocks traded ex-dividend.
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How much of the hard Brexit scenario is discounted in housebuilder shares is key to investors seeking to find value.
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Barratt, the biggest housebuilder in the U.K., said Thursday that it might build fewer homes this fiscal year, Reuters reported.
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Meanwhile, U.K. housebuilder Redrow dropped out of the race to buy rival Bovis Homes, dragging down shares across the sector.
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Filings to the U.K. financial regulator show that it's the London-exposed housebuilder Berkeley that is peaking the most interest.
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Shares in housebuilder Persimmon fell 3.4 percent, the worst-performing on the FTSE 100, after it issued a trading statement.
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UK housebuilder Taylor Wimpey (BBB-/Stable), operates in a more stable environment and has a GBP450 million net cash position.
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Shares in Britain's largest housebuilder, Barratt Developments, were also lower, despite its confidence in delivering a good full-year performance.
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The housebuilder was now negotiating deferred payment terms, more optionality and price cuts on some of these deals, Fenton said.
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At the other end of the benchmark, the U.K. housebuilder Travis Perkins dropped 10.78 percent after cutting its profit outlook.
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Looking at individual stocks, U.K. housebuilder Taylor Wimpey was among the highest gainers, rising by 4.8 percent after a broker upgrade.
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Despite stronger performance seen in early trade, the housebuilder closed just above the flatline, with AB Foods finished 0.9 percent down.
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British housebuilder Bellway reported a 40 percent rise in pretax profit for its fiscal 2016 year, helping shares climb 6 percent.
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Properties for sale on Kensington Row are priced between 1.5 million and 3.5 million pounds, according to housebuilder Berkeley Group's website.
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After the drawdown, the housebuilder will have 185 million pounds in available cash, along with a strong balance sheet, it said.
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Housebuilder Berkeley Group Holdings dropped 5.1 percent with traders citing a media report about a decline in London's luxury apartment market.
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British housebuilder Berkeley was the top gainer of the index after it announced a 36 percent rise in first half profits.
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Thursday's results from Horton showed orders at the country's largest housebuilder climbed 18.2 percent to 10,53 homes in the quarter ended Sept.
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Indeed, British housebuilder stocks have risen 353 percent since their December low and Taylor Wimpey has shot up 30 percent since then.
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WARSAW, April 25 (Reuters) - Enterprise Investors (EI) has put on hold the initial public offering of Polish housebuilder Danwood Holding IPO-DWH.
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Thursday's results from Horton showed orders at the country's largest housebuilder climbed 18.2 percent to 10,333 homes in the quarter ended Sept.
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LONDON, March 19 (Reuters) - British housebuilder Crest Nicholson cancelled payment of its final dividend along with financial forecasts for 2020 on Thursday.
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Businesses listed more damage, with housebuilder Persimmon Plc and retirement home developer McCarthy & Stone starting an orderly shutdown of their construction sites.
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National elections can often dampen demand as buyers put off major purchases, with housebuilder Crest Nicholson cautioning about the impact of election uncertainty.
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Miners Rio Rinto, BHP and Evraz plus housebuilder Persimmon all traded ex-dividend and were among the top drags on the main bourse.
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Housebuilder Taylor Wimpey found itself at the bottom of the FTSE 100, however, down 4.2 percent on the back of a trading statement.
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Shares of Britain's second largest housebuilder were down 6.4 percent at 23.9 pence and was the top loser on UK's blue chip index.
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Barratt shares rose 20163 percent after UK's biggest housebuilder announced a 9 percent rise in pretax profit in the six months through December.
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Britain's biggest housebuilder, Barratt Developments , said last month that it might slow the pace of construction to prepare itself for an expected slowdown.
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The rally was broad-based among the top gainers, with Carnival, Mondi and housebuilder Barratt Developments all gaining between 2.5 and 2.8 percent.
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Housebuilder Berkeley leapt 6%, outperforming other blue-chips, after its fall in annual earnings fell well short of the worst of market expectations.
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Meanwhile, U.K. housebuilder Taylor Wimpey was one of the best performers after it announced a special dividend for investors following a positive trading update.
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Prothero was promoted to be Galliford's chief executive in March this year after former CEO Peter Truscott was poached by housebuilder Crest Nicholson Holdings.
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Still, it viewed the company as a strong housebuilder with a step up in free cash flow demonstrating the strength of its land bank.
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Housebuilder Persimmon , for instance, said in late August it had seen a jump in reservations by new home buyers over the last two months.
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Galliford Try gained 4.6 percent after Liberum initiated coverage on the housebuilder with a 'buy', saying it now has better recovery prospects than Bovis.
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Housebuilder Berkeley Group Holdings Plc opened a new division in Birmingham in its first venture outside London and the southeast in more than a decade.
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Central London though remains a weak spot, with property prices forecast to fall and housebuilder Barratt having cut prices of some of its expensive homes.
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Shares in UK housebuilder Persimmon were also among the top gainers, up 3.1 percent after it posted a 30 percent rise in first-half profit.
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The FTSE 100 edged 0.1% lower, as Brexit-sensitive stocks such as housebuilder Persimmon and domestic bank RBS rose 3%, respectively, offsetting weakness in miners .
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Analysts and surveys have suggested that Johnson's win has boosted consumer sentiment and could encourage housing demand - pushing up home prices and helping housebuilder margins.
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New research by the British housebuilder Barratt London found that workers in some cities spend as much as 50% of their salary on rented accommodation.
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Berkeley Group shares fell 5 percent, the worst-performing on the FTSE 100, after the housebuilder said it couldn't increase volumes further due to planning constraints.
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Persimmon rose more than 4 percent after Britain's second largest housebuilder said its reservation rate had risen an annual 23 percent since the start of July.
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Britain's biggest housebuilder expects pretax profit of 910 million pounds ($1.13 billion) for the period ended June 30, compared with 835 million pounds a year earlier.
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Shares in UK mid-cap housebuilder Telford Homes advanced on Wednesday after it said it had not changed its growth targets since the June 23 referendum.
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MOSCOW, July 5 (Reuters) - VTB has increased its stake in Russia's biggest housebuilder PIK Group to 23.05% from 7.57%, Russia's second largest lender said on Friday.
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Britain's biggest housebuilder said it expects a significant impact on construction output and reservations due to an increase in cancellations and a decline in site visits.
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Asia-focussed bank Standard Chartered, housebuilder Persimmon, and miners BHP Group and Rio Tinto , which were all trading without dividend entitlement, dropped between 4.7% and 7.1%.
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Analysts believe that Johnson's win in December has boosted the mood for consumers and could encourage housing demand - pushing up home prices and helping housebuilder margins.
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Of all his flagged positions, the biggest fall came for London-focused housebuilder Berkeley, in which Odey had a 1.42 percent short position, which fell 21 percent.
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However shares in UK housebuilder Berkeley Group fell 5.6 percent after the company said it could not boost building volumes beyond current plans due to planning constraints.
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The blue-chip FTSE 100 was also marginally lower, with miner Rio Tinto and housebuilder Barratt slipping respectively 2% and 2.7% on signs of weakening future revenue.
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Fitch views French housebuilder Kaufman & Broad as a 'BB' credit because the favourable VEFA framework and land option system does not fully offset its high leverage position.
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The comments, coming at a time when the housing market has been strained by Brexit, lifted Berkeley's peer and Britain's biggest housebuilder Barratt 2% higher as well.
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The blue-chip FTSE 100 was also marginally lower, with miner Rio Tinto and housebuilder Barratt slipping respectively 2% and 2.7% on signs of weakening future revenue.
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The highest paid CEO in 2017 was Jeff Fairburn at the housebuilder Persimmon, who received more than £47 million in 2016 — around 22 times his 2016 pay.
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MOSCOW, July 20 (Reuters) - Russia's biggest housebuilder PIK Group said on Friday its board has recommended a dividend of 22.71 roubles per share from the previous years' profit.
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The FTSE 100 housebuilder said total order book value stood at 2.37 billion pounds ($2.88 billion) as at June 30, while it sold 6,497 homes during the period.
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MOSCOW, Oct 10 (Reuters) - Russia's biggest housebuilder, PIK Group, has drawn a 19.9 billion rouble ($301.18 million) credit line from VTB bank, the state lender said on Wednesday.
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"While there has been no noticeable impact on Berkeley's business to date, the ultimate impact on UK business is unknown", the housebuilder said in an scheduled trading statement.
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Businesses listed more damage, with housebuilder Persimmon Plc down 2% after saying it was starting an orderly shutdown of its construction sites with only essential work taking place.
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Looking across the European index, U.K. housebuilder Barratt Developments was among the top gainers, rising throughout Wednesday's trade to close 3.5 percent higher after issuing a trading update.
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And U.K. housebuilder Berkeley Group warned that housing reservations over the five months to May are down 20 percent "on reduced new launches in run-up to EU Referendum".
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Another housebuilder, Galliford, late last month rejected a 950 million pounds bid from Bovis to buy its residential division, judging it was not in the interests of all shareholders.
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Housebuilder Crest Nicholson reported a recovery in new home demand, which Peel Hunt analysts said put it on course to meet its 2019 revenue target and make strong payouts.
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Britain's biggest housebuilder Barratt said last month that it was cutting the price of some of its top-end homes by up to 10 percent due to cooling demand.
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Among the few bright spots was housebuilder Lennar, whose shares jumped 6.8 percent after it reported quarterly revenue that beat estimates as it sold more homes at higher prices.
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LONDON, Sept 2 (Reuters) - UK housebuilder Berkeley Group Holdings Plc has halted construction at a 20 million-pound ($27 million) luxury housing project in London, it said on Friday.
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The nation's second-largest housebuilder Persimmon had reported a drop in orders so far this year, while third-largest Taylor Wimpey had warned on margins and flagged cost pressures.
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Among a handful of losers was Barratt, Britain's biggest housebuilder, after it warned that volume would grow towards the lower end of its target range in the current year.
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The chief executive of Crest Nicholson, Patrick Bergin, said last month the housebuilder had sold 69 homes at the Dylon Works development in south London to a housing association.
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A tie-up between Bovis and Galliford Try would have created Britain's fifth-largest housebuilder by volume and would have been the sector's first major consolidation in nearly a decade.
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Shares of Berkeley Group were up by more than 8 percent after the housebuilder announced a 34 percent increase in its pretax profits during the first half of the year.
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The last major consolidation in the market occurred nearly a decade ago when Taylor Woodrow and George Wimpey merged to form Taylor Wimpey, becoming Britain's biggest housebuilder at the time.
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L) has taken full control of British housebuilder Cala Homes in a deal that values the company at 13 million pounds ($840.35 million), the FTSE-100 insurer said on Tuesday.
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Cooper, who joins from J Sainsbury plc's, would be tasked with returning the housebuilder to a stable growth path after it continued to suffer from stuttered demand amidst Brexit uncertainty.
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Persimmon meantime dropped 3.5 percent, though the housebuilder said that forward sales beyond 2017 were up 10 percent and it had sold all of its stock for the current year.
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Berkeley said its market had stabilised after a jump in cancellations in the wake of June's Brexit vote, while a similarly confident outlook drove up shares in rival housebuilder Redrow.
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The firmly downbeat mood of the PMI contrasts with mixed reports from some major British construction companies, with Kier Group plc and housebuilder Taylor Wimpey reporting little impact so far.
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Royal Bank of Scotland and Phoenix Group shed more than 2.5 percent on the FTSE 100 while mid-cap housebuilder Crest Nicholson slumped 8 percent as the stocks traded ex-dividend.
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The last major consolidation in the market occurred nearly a decade ago when companies Taylor Woodrow and George Wimpey merged to form Taylor Wimpey, becoming Britain's biggest housebuilder at the time.
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Shares in housebuilder Persimmon were among top gainers, up 1.3 percent, after it reported a 13 percent increase in half-year pretax profit and said it expected to see further growth.
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Losses in homebuilders, which are vulnerable to a crash in house prices from an economic shock, were led by a 1.2% drop in the sector's biggest player Barratt, Britain's biggest housebuilder.
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Britain's biggest housebuilder, Barratt, rose 2.3 percent after it said full-year profits would be at the top end of its guidance range, and forward sales were at a record level.
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Cramer said manufacturing services company Jabil and housebuilder KB Home are riding tailwinds in the economy, despite the number of headwinds that are in the headlines and swaying the stock market.
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Britain's biggest housebuilder, Barratt Developments , which is building some high profile projects in London, said that it might slow the pace of construction to prepare itself for an expected slowdown in demand.
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London-focussed housebuilder Berkeley Group was a top gainer among lacklustre mid-caps, up 2.2 percent after its full-year results beat expectations with a 53 percent increase in profits before tax.
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Britain's third-largest housebuilder Taylor Wimpey also said on Wednesday that lower selling prices in central London had affected its performance, with the value of its full-year order book falling marginally.
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British housebuilder Bovis Homes said it had traded in line with expectations in the first half of 2016 and it is "too early" to assess the impact of the country's EU referendum.
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Barratt, Britain's biggest housebuilder, on Thursday reported a flat sales rate in the last six months of 2017, adding that prices rose and it expects to build even more homes this year.
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Britain's second-largest housebuilder, which has faced criticism over the quality of its houses, said it was addressing these concerns by taking a more targeted approach to the timing of sales releases.
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The British housebuilder, however, also said prices and demand had remained robust in London and the South East between May and August, adding it had bought five new sites in the period.
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London-listed John Wood Group jumped 9% to top the Stoxx 600 on Thursday, and was closely followed by British housebuilder Melrose, which was up 8.7% by the end of the session.
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Rival Persimmon, Britain's second-largest housebuilder, suffered a profit hit last month hit after a drive to improve the quality of its houses slowed sales in the first half of the year.
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LONDON, March 25 (Reuters) - British housebuilder Persimmon said on Wednesday it was starting an orderly shutdown of its construction sites with only essential work taking place in response to the coronavirus pandemic.
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Housebuilder Berkeley Group saw its shares climb almost 5% after announcing that it would increase its returns to shareholders by around £455 million ($593.3 million) to investors over the next two years.
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Taylor Wimpey, the U.K.'s housebuilder, said on Wednesday that it expects a full-year profitability close to the upper end of market consensus, after home completions rose by 4 percent in 2016.
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A positive trading statement from UK housebuilder Barratt Developments lifted its shares 3.3 percent, as it said that it expected 2016/17 pre-tax profit to meet the top end of market expectations.
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Britain's biggest housebuilder Barratt rose 3 percent after it posted higher first-half volumes and, in relation to Brexit, said it was working with suppliers to ensure continuity of supply of overseas components.
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Britain's biggest housebuilder Barratt, which does build in central London, said last month that it might slow the pace of construction and rethink its land buying programme to prepare itself for a slowdown.
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The house price data buoyed housebuilder Berkeley Group , which led the day's gains with a 2.5 percent rise, despite worries that it could be relegated from the FTSE 100 in an upcoming reshuffle.
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Britain's third-largest housebuilder Taylor Wimpey also said in early January that lower selling prices in central London had affected its performance, with the value of its full-year order book falling marginally.
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The boss of Britain's second-biggest housebuilder Persimmon is to step down after the board said criticism of his multi-million pound bonus was a continuing distraction that had hit the company's reputation.
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The house price data buoyed housebuilder Berkeley Group , which was the top gainer with a 3 percent rise, despite worries that it could be relegated from the FTSE 100 in an upcoming reshuffle.
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Britain's third biggest housebuilder Taylor Wimpey said earlier this year that it would reduce ground rent for the majority of owners who face a doubling of charges every 10 years for several decades.
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The biggest faller among British blue chips was housebuilder Berkeley Group Holdings, whose shares slid by almost 5 percent as investors were unnerved by the prospect of a hit to UK house prices.
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"There are shares in Inteko, (housebuilder) A101, Russneft, (chicken) broiler production, cement factories, sawmills and nanotechnology on the list of the assets transferred," an official at the central bank told reporters on Tuesday.
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Small-cap MJ Gleeson tumbled almost 11%, its worst day since June 2016, after the low-cost housebuilder said its chief executive officer would leave after "extensive" discussions regarding remuneration and succession planning.
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The U.K.'s second-largest housebuilder Persimmon reported robust third-quarter results Wednesday, with sales up 19 percent since July and guidance towards a higher operating margin for the second half of the year.
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London-focused housebuilder Berkeley rose to its highest since the Brexit vote, up 5.5 percent after it forecast full-year profits at the top end of market estimates despite demand falling in the capital.
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The housebuilder said on Friday that since the scheme was introduced, it had increased the number of new homes it has built by over 65 percent and invested 2.9 billion pounds in new land.
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LONDON, Oct 18 (Reuters) - British housebuilder Bellway posted better than expected full-year profit on Tuesday and said that demand for new homes has remained resilient since Britons voted to leave the European Union.
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LONDON, Jan 25 (Reuters) - A total of four people were arrested last year in an inquiry into allegations of bribery involving Britain's biggest housebuilder Barratt, police said on Wednesday, revealing two previously unreported arrests.
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Housebuilder Berkeley Group, which is dropping out of the FTSE 100 after a slump in its shares caused by concerns about slowing demand following Britain's vote to leave the European Union, rallied 3.6 percent.
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The chairman of U.K. housebuilder Persimmon, Nicholas Wrigley, is resigning after a dispute over an incentive scheme that lined up a £232 million ($311 million) pay-out to three directors, the Financial Times reported.
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U.K. housebuilder Persimmon posted a 12 percent rise in revenue in the first half of fiscal 2016, but said it was too early to judge the effect Brexit could have on Britain's real estate market.
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"We are confident of delivering profit, pre one-off and exceptional costs, in-line with the board's expectations for FY 2017 and a significant improvement in profits for FY 2018," the housebuilder said on Tuesday.
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LONDON, March 28 (Reuters) - British housebuilder Redrow said on Tuesday it did not intend to make an offer to buy fellow builder Bovis just over two weeks after its approach was rejected as too low.
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LONDON, Dec 15 (Reuters) - The chairman and senior independent director of Persimmon, Britain's second biggest housebuilder, have resigned after recognising they did not put a cap on a lucrative management incentive scheme introduced in 2012.
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LONDON, Jan 26 (Reuters) - British housebuilder Crest Nicholson plans to build more homes in London's suburbs because buyers are struggling to meet sky-high prices in the centre of the capital, it said on Tuesday.
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Persimmon said it would continue to buy land for future developments, one of the biggest costs borne by a housebuilder, but added that uncertainty created by the June 23 referendum outcome might affect its decision-making.
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It said it would continue to buy land for future developments, one of the biggest costs borne by a housebuilder, but added that uncertainty created by the June 23 referendum outcome might affect its decision-making.
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A large investor has called for British housebuilder Persimmon to scale back an executive pay plan that could see its management share in windfalls of almost 600 million pounds ($857 million) over the next six years.
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Britain's biggest housebuilder Barratt said last month it might build fewer homes in the current financial year and posted a more than 50 percent drop in London, which it blamed on build cycles and land prices.
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LONDON, Feb 21 (Reuters) - Britain's biggest housebuilder Barratt is considering moving production of blocks used in construction from Germany to Britain, an example of steps some businesses are taking to mitigate against any risk from Brexit.
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Britain's Berkeley Group Plc jumped 6% to the top of STOXX 600 index as the housebuilder said it will increase its returns to shareholders by about 455 million pounds ($594.00 million) over the next two years.
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Barratt Developments dropped 5 percent, also after Britain's biggest housebuilder said it might slow the pace of construction and rethink its land buying programme to prepare itself for an expected slowdown sparked by the Brexit vote.
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LONDON, June 9 (Reuters) - British housebuilder Bellway expects to build at least 10 percent more homes this financial year and has seen no effect on its business from the upcoming EU referendum, it said on Thursday.
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LONDON, Feb 7 (Reuters) - British housebuilder Bellway said on Tuesday it would build around 5 percent more homes this financial year after posting an increase in the number of properties it built over the last six months.
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Another housebuilder, Galliford, late last month rejected a bid from Bovis to buy its Linden Homes and Partnerships & Regeneration businesses in exchange for new Bovis Homes shares, judging it was not in the interests of all shareholders.
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BARRATT DEVELOPMENTS: Barratt Developments Plc, Britain's biggest housebuilder, on Wednesday said sales fell in the beginning of the year even as it delivered more homes, as a focus on better quality in a tough market dented margins.
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Britain's biggest housebuilder said it was having to cut the price of some of its most expensive London homes by up to 10 percent, the latest sign that the market is cooling after Brexit and property tax increases.
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MADRID, Oct 20 (Reuters) - Spanish housebuilder Aedas Homes wobbled on its market debut on Friday in Madrid's first equity offering since a secession bid by the wealthy Catalonia region sent shockwaves through the euro zone's fourth-largest economy.
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Royal Bank of Scotland and Phoenix Group shed 2.5 percent each on the FTSE 100, while mid-cap housebuilder Crest Nicholson slumped 9 percent, on track for its worst day since May as the stocks traded ex-dividend.
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LONDON, April 13 (Reuters) - London-focussed housebuilder Telford Homes said it expected its full-year pre-tax profit to be slightly ahead of expectations as a lack of housing in the capital helps drive demand for its properties.
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LONDON, Aug 31 (Reuters) - Housebuilder Berkeley Group has lost its place in the coveted, blue-chip FTSE 100 equity index following a sharp drop in its stock price partly caused by Britain's vote to leave the European Union.
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LONDON, July 5 (Reuters) - Britain's second biggest housebuilder by volume Persimmon said first-half sales rose by 7 percent, with a national election, which can often dampen demand as buyers put off major purchases, not affecting the market.
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LONDON, Nov 9 (Reuters) - British housebuilder Redrow said on Wednesday that sales continued to increase after Britons voted to leave the European Union and there were signs that the strongest growth was in areas which voted for Brexit.
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LONDON, Jan 7 (Reuters) - Britain's second-biggest housebuilder by volume Persimmon said on Thursday that its revenue rose 13 percent last year as it built more homes, boosted by strong sales in the second half of the year.
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LONDON, April 5 (Reuters) - British housebuilder Galliford Try said on Wednesday it would not make a formal bid for fellow builder Bovis, the second of two suitors to pull out of a potential buyout of the ailing firm.
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Persimmon, Britain's second-biggest housebuilder, introduced a long-term incentive plan in 2012 that gave share options to management which they are able to sell once the company has returned a set level of cash and dividends to investors.
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LONDON, Sept 6 (Reuters) - British housebuilder Berkeley said on Wednesday that the London property market continued to be hit by uncertainty surrounding Brexit and a property tax hike, but that it was on track to deliver anticipated profit growth.
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Shares in the country's third biggest housebuilder fell 7 percent after an earnings release and conference call which showed orders had fallen 11 percent year-on-year in the fourth quarter and forecast first quarter margins below analysts' expectations.
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LONDON, Dec 2 (Reuters) - London-focussed housebuilder Berkeley said the number of reservations fell 20 percent in the first half of their financial year due to an increase in property tax and the uncertainty created by the Brexit vote.
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The more domestically-focussed index of midcaps was flat by 0705 GMT, supported by a 22% jump in Galliford Try after the construction company said it had restarted preliminary talks to sell its residential units to housebuilder Bovis Homes.
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LONDON, Nov 14 (Reuters) - British housebuilder Taylor Wimpey recorded a slight increase in cancellations so far this year and saw its sales rate marginally fall but said it expected to post an increase in full-year operating profit margin.
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British housebuilder Redrow said on Tuesday demand for new homes was proving "robust" in the face of Britain's planned exit from the European Union, after it posted better-than-expected 21 percent growth in full-year pre-tax profit.
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Shares in Persimmon advanced 2.4 percent after the housebuilder said that total forward sales revenue including completions was up by about 11 percent year on year, while Taylor Wimpey gained 1.6 percent after a positive update and optimistic outlook for 2017.
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LONDON, Jan 5 (Reuters) - Britain's second biggest housebuilder by volume Persimmon said its sales were up since Britons backed leaving the European Union and posted an expected 8 percent rise in full-year revenue to 3.14 billion pounds ($3.9 billion).
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LONDON, Aug 5 (Reuters) - British housebuilder Bellway said it would be more cautious on purchasing new sites after Britons voted to leave the European Union but that its trading had been encouraging with full-year revenue marginally ahead of expectations.
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LONDON, July 6 (Reuters) - British housebuilder Bovis , which was subject to two failed takeover bids earlier this year after it warned on profits, said it had earmarked an additional 3.5 million pounds ($4.5 million) to fix problems related to its homes.
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A tie-up between Bovis and Galliford Try would create Britain's fifth largest housebuilder by volume, although the firms would likely seek to cut costs in what would be the first major consolidation in the sector for nearly a decade.
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Shares in Persimmon advanced 1.3 percent after the housebuilder said that total forward sales revenue including completions was up by about 11 percent year on year, while Taylor Wimpey gained 0.3 percent after a positive update and optimistic outlook for 2017.
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LONDON, July 13 (Reuters) - Barratt Developments, Britain's biggest housebuilder by volume, said it was reassessing some of its land approvals needed to build homes to better prepare it for any fallout from Britain's shock vote to leave the European Union.
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LONDON, March 21 (Reuters) - British housebuilder Bellway said on Tuesday it would raise its dividend after posting a nearly 10 percent rise in half-year pre-tax profits, although it warned that labour shortages were pushing up costs in the sector.
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But on Tuesday, builders' merchant Travis Perkins said the Brexit vote had created "considerable uncertainty" in the industry and last month Barratt Developments - Britain's biggest housebuilder - said it might slow the pace of construction in response to the Brexit vote.
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LONDON, Feb 20 (Reuters) - British housebuilder Bovis Homes , whose boss left in January just days after the firm warned it would not meet market expectations, said its full-year pretax profit fell in 13 and it will build fewer homes this year.
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DUBLIN, Sept 12 (Reuters) - Ireland's largest publicly listed housebuilder Cairn Homes on Thursday announced plans to buy back shares and issue a dividend for the first time, saying Brexit was having no impact on the market for homes for first-time buyers.
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Cairn, which became the first Irish housebuilder to float in almost 20 years in 2015 as a recovery from a real estate crash gathered pace, said it will pay a 2.5 euro cents interim dividend and begin a 25 million euro share buyback.
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LONDON, Jan 9 (Reuters) - British housebuilder Bovis Homes said its chief executive David Ritchie had stepped down with immediate effect, days after it warned on profit because it failed to complete the number of homes it expected at the end of 2016.
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LONDON, Aug 23 (Reuters) - Britain's second largest housebuilder Persimmon said its reservation rate had risen an annual 17 percent since the start of July, shrugging off the impact of the Brexit vote, which some fellow builders have warned could slow the property market.
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LONDON, Nov 14 (Reuters) - British housebuilder Bovis , the subject of two failed takeover bids earlier this year after it warned on profits, said it was on course to meet profit expectations in 2017 as its new chief executive tries to turn the business around.
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U.K. housebuilder Persimmon said it had "brought forward a healthy order book into 2016 and our strong sales performance over the period has resulted in total forward sales revenue, including legal completions taken so far in 2016, being 8 percent higher than last year".
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Separately, Britain's biggest housebuilder Barratt Developments reported a 13 percent rise in full-year pre-tax profit to 835.5 million pounds ($1.07 billion) as expected, and said it anticipated further growth ahead as it aimed to build 20,000 homes annually in the next few years.
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Fellow housebuilder Berkeley Group also sank during trade, ending 2.5 percent lower after the U.K. firm echoed a similar sentiment to Barratt, stating that the London property market is still being hit by uncertainty surrounding a property tax hike and Article 50 negotiations; Reuters reported.
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The housebuilder, which saw the number of homes it built in the year to the end of June rise 5 percent to 17,319 homes, said it was too early to assess the effect of Brexit but that it had taken steps to reduce the risk on its business.
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Taylor Wimpey advanced 06003 percent after the housebuilder announced a new special payout, promising investors about 1.3 billion pounds over three years, underpinned by strong demand for property in the UK. Vodafone was up 2 percent after the world's second-largest mobile phone operator said its earnings growth would accelerate this year.
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The following are the latest Brexit comments from British companies this week (in alphabetical order): For more on how major sectors are preparing for Brexit, double click: Bellway Plc The housebuilder said it had been in close contact with its supply chain partners over last year to reduce any risks to its business.
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Taylor Wimpey advanced 6.2 percent after the housebuilder announced a new special payout, promising investors about 1.3 billion pounds ($2 billion) over three years, underpinned by strong demand for property in the UK. Vodafone was up 2.5 percent after the world's second-largest mobile phone operator said its earnings growth would accelerate this year.
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Outside of the blue chips, a flurry of results saw some sizeable individual moves among British mid cap stocks, with shares in Bovis Homes rising more than 10 percent to their highest level in more than two years after the housebuilder reported its half year results, and broker Numis upgraded the stock to "buy" from "add".
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"It's about us going to a housebuilder and instead of expecting the normal build-out rate of 50 units a year, we'll say: 'We want you to build all 500 in one go, and what we'll do is guarantee to take them off you if you can't find a buyer'," Edward Lister, chairman of the Homes and Communities Agency, told Property Week.
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See the bottom of the report for more details) * FTSE reaches 2-week high * Taylor Wimpey surges on special dividend announcement By Sudip Kar-Gupta LONDON, May 17 (Reuters) - Britain's top equity index rose to a two-week high on Tuesday, lifted by gains in major mining stocks while housebuilder Taylor Wimpey also surged after announcing a special dividend payout.
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Taylor Wimpey shares advanced 3.8 percent, the top gainer in the pan-European FTSEurofirst 300 index, after the housebuilder announced a new special payout, promising investors about 1.3 billion pounds ($2 billion) over three years, underpinned by strong demand for property in the UK. Vodafone rose 2.4 percent after the world's second-largest mobile phone operator said its earnings growth would accelerate this year.
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The main index, which had suffered its worst one-day drop since before the 2016 Brexit vote on Wednesday, was dragged 0.5% lower, mainly due to a more than 1% drop in oil majors Shell and BP. Stocks trading ex-dividend also weighed on the blue-chip index, with packaging firm DS Smith, tobacco firm BAT , ad firm WPP, housebuilder Taylor Wimpey and retailer Kingfisher dropping between 2.6% and 5%.
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