Stephen Rawlinson
24 March 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 24th March 2017

Henry Boot, the small property, construction and land development company provides us with its finals to end December 2016 this morning. The sector had a spring in its step yesterday as it recovered some of the fall of the two previous trading sessions.

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Stephen Rawlinson
23 March 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 23rd March 2017

Kier’s half year numbers are the main headline today, Crest Nicholson has issued an AGM update and WYG has also updated. Kier has announced a bit more than good numbers as in other announcements it also states that it will soon have a new Chairman and it has created a JV with east of England based Cross Keys Housing into which it will transfer some land and developments worth £97m in exchange for £64m cash now and 90% economic ownership of the JV (50:50 split of voting rights).

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Stephen Rawlinson
22 March 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 22nd March 2017

Redrow has issued an unexpected trading update today and has organised a visit to its Colindale site on 4th April and Kingfisher’s final results for the 12 months to end January 2017 are released as expected.

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Stephen Rawlinson
21 March 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 21st March 2017

Mears and Bellway provide results this morning, the former its full year numbers to end December 2016 and the latter interims to end January. There was very little movement among sector stocks yesterday. The sector is currently becalmed as the puzzle of what post Brexit Britain might look like unfolds.

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Stephen Rawlinson
20 March 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 20th March

News today comes from Michelmersh, the small UK brick maker, with its finals, JLIF, also with finals, Volution with its interims and Carillion with news of a £90m construction contract in Cyprus to build a communications centre for the MoD’s Defence Infrastructure Organisation (DIO). No news on the Bovis/Redrow/Galliford Try front.

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Stephen Rawlinson
17 March 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 17th March 2017

Berkeley Group’s trading update this morning emphasises the turbulence it has faced in the last 12 months (since the rises in Stamp Duty). There are three key messages Balfour Beatty was the backmarker yesterday with a 4.3% fall to 271.8p.

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