Jul
2008
Articles from 8th Jul 2008
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Persimmon sheds over 1,000 jobs as sales plummet
Jul 08 2008 | Other UK business news
Beleaguered housebuilder Persimmon has reported that sales were down 31% in the past six months - and confirmed it had cut 1,100 jobs so far this year. Read
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Government concurs on housing market gloom
Jul 08 2008 | Other UK business news
Annual house price growth fell for the seventh month in a row in May to a 26-month low, Government figures have shown. Read
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High end house group Savills hit by downturn
Jul 08 2008 | Other UK business news
Upmarket property group Savills (SVS) has reported a 45 per cent drop in London sales and said the market downturn had begun to impact on prime country properties. Read
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Persimmon writedowns will be ‘tens of millions’
Jul 08 2008 | Other UK business news
Persimmon moved to calm the nerves of investors yesterday by stating that any writedown of its land bank and work in progress would be limited to “tens of millions of pounds” rather than the figures of between £200 million to £300 million forecast by some City analysts. Read
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Administrators looking for Chase Midland buyers
Jul 08 2008 | Other UK business news
The deepening crisis surrounding the housing and construction sector helped deflect attention from the troubled Chase Midland group. Read
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‘Pile it high’ Dunelm set fair to weather the retail storm
Jul 08 2008 | Other UK business news
Homeware retailer Dunelm (DNLM) has reported a decline in sales growth last quarter, but said its value-for-money model would shelter it in a worsening retail climate. Read
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Bradford & Bingley rights issue ‘a dog’s breakfast’
Jul 08 2008 | Other UK business news
Shares in the troubled Bradford & Bingley (BB) has accelerated their losses, hitting a fresh low amid concerns over the mortgage bank’s outlook, even after an enlarged £400 million cash call. Read
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Aldgate diversifies gaming portfolio with £25m takeover of amusement arcade brand
Jul 08 2008 | Other UK business news
Nuneaton-based amusement arcade brand Shipley Amusements has been snapped up by Aldgate Capital (AGT) in a £25 million deal. Read
