One of the UK’s largest house builders has boosted its sales turnover by 11% this year, as sales increase and house prices rise.
Housing associations should publish half-year accounts and report all market-sensitive disclosures on their website to comply with the needs of investors.
A housing contractor has announced a 17.1% rise in profits to £35.5m in 2016.
Bovis Homes has rejected two merger bids from major house builders Redrow and Galliford Try, but will continue talks with Galliford Try.
Luminus made a £235,000 loss from its open market sale developments as it booked a £6.5m deficit for the year, its previously unpublished accounts reveal.
Just 10 housing associations were responsible for three-quarters of the sale activity carried out by UK landlords in 2015/16, while the total proceeds from such sales grew by 39%.
The house builder part-owned by giant institutional investor Legal and General (L&G) is set to deliver record profits and new homes, a trading update said.
House builder Redrow posted record pre-tax profits and a surge in completions in the second half of last year.
House builder and contractor Kier Group is on track for more than 2,200 completions this year, a positive trading update revealed.
Clarion Group, the UK’s largest social housing provider, has reported that its sales volumes have come in 30% lower than expected in the first three quarters of the financial year.
Social housing contractor Lakehouse has posted a £31.7m operating loss for the year to September last year according to the firm’s annual results.
Growing demand in the private rented sector has driven a 64% leap in pre-tax profit for residential landlord Grainger.
Construction firm Willmott Dixon has posted a 48% rise in half-year pre-tax profits to June.
One of the UK’s largest house builders has reassured investors that the housing market “remains resilient” following the EU referendum, despite a “softening” of prices in central London.
English housing associations generated more than £2bn through properties developed for sale last year, with the vast majority of the activity in London.
The average operating margin of the largest housing associations rose by one percentage point in the last year before rent cuts came into effect.
Housing associations in Northern Ireland have reported a 15% increase in their combined operating surplus as they seek to strengthen their businesses in the face of welfare reform.
Guinness Partnership has reported a significant increase in income from sales as it boosted its post-tax surplus by 20%.
Incommunities made a deficit of £800,000 last year due largely to the costs of voluntary severance payments made to 92 staff.
A Sunderland housing association made compensation payments totalling £11.3m in the last financial year as it axed half its executive team and 330 staff.
A South West housing association has booked a surplus of £27m as it developed 557 homes last year.
A South East housing association has recorded a boosted surplus of £21.9m and completed 542 new homes.
One of the North West’s largest housing associations has recorded a £3.6m surplus after shedding 150 jobs to deal with the impact of the 1% annual rent cut.
An east London housing association has recorded its largest-ever surplus of £28m ahead of its planned merger with L&Q.
A north London based housing association has recorded a surplus of £28.7m for 2015/16, and built 314 new homes.
Peabody has boosted its annual surplus by £50m to £116m for the year, as it built 1,080 new homes across London.
Orbit boosted its surplus to £38.3m last year, as it invested the cash in completing a record 1,750 homes.
A large South West housing association has reported a £45m surplus as it prepares to complete a mega-merger before the end of the year.
Galliford Try has reported record profits of £135m, a rise of 18%, after completing 5,204 new homes.
A major Midlands landlord has hit back at the regulator over its cost analysis of the sector, claiming it does not account for large care and support businesses.
Britain’s largest house builder has upped its pre-tax profit 20.7% to £682.3m, after completing 17,319 homes in a year.
A 6,500-home housing association has reported an £8.8m surplus for the last financial year, a small dip on its previous figure.
One of the UK’s largest house builders says confidence has returned to the sales market after “modest” jitters following the EU referendum in June.
A housing association has put an £18m savings programme in place after the rent cut blew a £12.5m hole in its business plan.
A 20,000-home London-based housing association will report an underlying surplus of £103m after more than trebling its income from market sales.
A major housing and care contractor has announced a slight dip in profits in the first six months of the year, describing the care business as “challenging”.
A housing association plans to increase the number of homes it builds because of the interest rate cut announced by the Bank of England.
Bellway has reported a 27% increase in revenue and says demand remains strong despite the Brexit vote.
One of the largest housing associations in Wales has recorded a slightly decreased surplus as it continues work to bring its housing stock up to Welsh housing standards.
A London housing association has booked a £39m surplus from a turnover of £171m.
A London housing association has increased its surplus to £75m, as it continues to keep rents at traditional social housing levels.
One of the largest housing associations in the UK has made an open offer to take over “struggling” organisations, as it publishes its annual financial statements.
A social housing contractor has issued a £4m profit warning to investors following boardroom turbulence earlier this year.
Affinity Sutton has recorded a 15% increase to its surplus and maintained its high operating margin as it continues to prepare for its ‘mega-merger’ with Circle.
A leading house builder has sought to calm fears over the housing market following the vote to leave the EU last month.
L&Q has generated a surplus of £274m for the 2015/16 financial year, breaking its own record for the sector.
Barclays has agreed to waive its option to increase interest rates on a set of loans taken out by housing associations in the wake of the financial crisis.
A major house builder has announced profit of almost £500m this year, amid a warning from its chair that the EU vote will be “significant” for the housebuilding sector.
Housing associations have reduced their overhead costs relative to turnover over the last six years, according to new research.
A disagreement over accountancy rules that could have added billions of pounds of debt to associations’ accounts, has been averted following a ruling by the financial watchdog.
The Treasury asked the Office for National Statistics (ONS) for information about its review of how to classify social housing grant, Inside Housing can reveal.
The largest housing associations in Wales recorded a joint surplus of £76m and built 89% of the country’s affordable housing in 2014/15.
A housing association has reported a 28% increase in surplus, after issuing preliminary results to the stock markets for the first time.
A major contractor has grown its operating profit from property management to £15.8m, despite a “year of two halves” in its social housing business.
Councils were left with £2.9bn of borrowing headroom to build new homes, following a deal with the government in 2012. Keith Cooper investigates why dreams of a large-scale return to direct development have not come to pass.
A house builder boosted its pre-tax profits by 69% to £31m in 2015, after building 1,500 homes in London and the South East.
One of the UK’s largest house builders has increased its cash from sales to £2.15bn, but warned planning delays are hindering its efforts to build more.
A construction firm has reported a 26% increase in its pre-tax profits in its year end accounts.
A social housing contractor has seen its profits fall by 12% following the acquisition of a loss-making care business.
Just when you thought it was safe to go back in the market… Nick Duxbury investigates the hidden risks of building more homes for sale