Charlie Campbell News
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Barratt Developments Plc, the U.K.’s largest homebuilder by volume, said it won’t pay an annual dividend after posting its first full-year profit since 2008. The shares fell the most in four months.
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The British government’s plan to help reduce down payments for new homes to as low as 5 percent will give a boost to a homebuilding industry that’s learned how to survive a slowing economy and four years of stingy credit.
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U.K. Prime Minister David Cameron said today that state-backed mortgages will allow buyers with small cash deposits to get loans for as much as 95 percent of the value of a newly built home.
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Barratt Developments Plc , the U.K.’s biggest homebuilder by volume, said it’s “on track” to deliver a profit in the six months through June after selling more expensive properties.
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SIG Plc and Marshalls Plc are among the building-material suppliers that are finding it harder to meet profit targets this year as the U.K.’s wettest summer on record restrains construction.
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Taylor Wimpey Plc , the U.K.’s second-largest homebuilder, agreed to sell its North American units for at least $955 million to cut debt and purchase land.
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It’s impossible to know how many tens of thousands of European women were killed as witches, but it was clearly a growth industry. During the 17th century, Puritan Matthew Hopkins set himself up as “Witchfinder General,” moving from town to town throughout Britain, zeroing in on possible suspects.
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Prime Minister David Cameron’s plan to bolster U.K. homebuilding through investment and mortgage guarantees was hailed as a “lifeline” by an industry group after it was introduced yesterday. Shares in all the largest house builders fell.
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Persimmon Plc , the U.K.’s biggest homebuilder by market value, rose the most in almost two months in London trading after first-half sales jumped 26 percent and its profit margin widened more than some analysts expected.
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U.K. stocks retreated as a selloff in mining company Vedanta Resources Plc and bank shares overshadowed brokerage upgrades of Rolls-Royce Group Plc and Carnival Plc.
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