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Rightmove had said its shareholder interests would be better served through the execution of its standalone strategic plan

Murdoch-owned REA Group withdraws bid for UK's Rightmove

Rightmove's shares dropped 8% today after Rupert Murdoch's REA Group ended its $8.29 billion takeover pursuit following a fourth bid rejection from the British real estate portal.

Business • 30 Sep 24

Rightmove is the UK's largest real estate portal

Rightmove rejects £5.6 billion offer from Murdoch's REA

Australian property listing firm REA Group said today that Britain's largest real estate portal Rightmove had rejected its £5.6 billion cash-and-stock takeover offer.

Business • 11 Sep 24

Persimmon builds homes ranging from studio apartments to five-bedroom houses in the UK

Persimmon upbeat on 2024 housebuilding targets

UK's Persimmon expects to build at the top end of its previous housebuilding target range in 2024 as easing mortgage rates and a UK rate cut spur recovery hopes in the sector, it said after posting a 3% drop in interim pre-tax profit.

Business • 08 Aug 24

Berkeley posted a 5% rise in pre-tax profit at £298m for the six-month period ended October 31

Berkeley flags subdued demand in UK housing market

British high-end homebuilder Berkeley has today joined its sector peers in underscoring the difficult trading conditions in the housing market, as high mortgage costs and weak macroeconomic backdrop continue to drive buyers away.

Business • 08 Dec 23

Berkeley Group Holdings caters to the UK high-end market

Berkeley maintains outlook despite market slowdown

British house builder Berkeley Group Holdings has today reaffirmed its 2023 outlook despite a property-sector slowdown.

Business • 10 Mar 23

Rightmove runs the UK's largest property website

Rightmove sees fewer house hunters as UK market slows

Property portal Rightmove gave further evidence of a slowdown in the UK housing market, saying fewer people were searching for properties on its platforms as it posted an annual profit in line with expectations.

Business • 03 Mar 23

Persimmon offers a range of homes from studio apartments to five-bedroom houses

Persimmon flags slowing demand amid surge in rates

Persimmon, Britain's second-largest housebuilder, said today that its sales rate slipped further in the last six weeks, as the political and economic turmoil in the country and a deepening cost-of-living crisis weighed on sentiment.

Business • 08 Nov 22

Barratt said it had total forward sales stood at 13,314 homes worth £3.60 billion as of October 9

Barratt says UK house reservations drop

Britain's largest homebuilder Barratt Developments has today reported a plunge in reservations in recent weeks as a deepening cost-of-living crisis and soaring mortgage rates hit the housing market hard.

Business • 12 Oct 22

Redrow said its underlying pre-tax profit jumped 31% to £410m for the 53 weeks to July 3

Redrow says demand moderating in UK housing market

Britain's Redrow said today that housing demand was moderating to historical levels following two strong years for the sector as UK housebuilders brace for a tough market, hurt by rising mortgage rates and a worsening cost-of-living crisis.

Business • 14 Sep 22

Barratt's adjusted pre-tax profit rose about 15% to £1.05 billion for the year ended June, compared with a profit of £919.7m a year ago

UK's Barratt Developments posts record annual profit

Barratt Developments said today it would buy back shares worth £200m, after UK's biggest housebuilder posted a record annual profit and said it was on track to meet volume output target for fiscal 2023.

Business • 07 Sep 22

The deal represents one of Barclays' biggest recent transactions and a sizeable bet on the UK property market

Barclays buys mortgage lender Kensington for £2.3bn

Barclays has struck a deal worth around £2.3 billion to buy specialist lender Kensington Mortgage Company, extending its reach in Britain's housing market.

Business • 24 Jun 22

Persimmon constructed 14,551 new homes in 2021, compared with 13,575 units a year earlier

Persimmon forecasts higher 2021 margin

The UK's second biggest homebuilder Persimmon has today forecast higher profit margins for the 2021 fiscal year as demand for new homes remained strong.

Business • 13 Jan 22

Persimmon said revenue for the six months ended June 30 came in at £1.84 billion, compared with £1.19 billion a year ago

Persimmon sees sustained housing demand in the UK

British homebuilder Persimmon has reported higher half-year revenue and said it expected housing demand to remain robust beyond a tax holiday, as customers sought bigger homes after saving more during the lockdowns.

Business • 08 Jul 21

The UK housing market has seen a surge in activity in the recent months due to pent-up demand

Barratt reports higher forward sales as market recovers

Britain's biggest housebuilder Barratt today reported a near 17% jump in forward sales for the past three months.

Business • 14 Oct 20

The UK government has urged people to avoid moving house during the outbreak

Virus halts UK's housing market recovery - Nationwide

The UK housing market is grinding to a halt after the shutdown of much of the economy, cutting short a nascent recovery that saw prices rise at their strongest pace in over two years in March, mortgage lender Nationwide said.

Business • 02 Apr 20

The Berkeley Group sold fewer homes at lower prices in a Brexit hit real-estate market

Berkeley's first-half profit slumps on Brexit woes

British homebuilder Berkeley Group has today reported a slump in first-half pretax profit, as it sold fewer homes at lower prices in a Brexit hit real-estate market.

Business • 06 Dec 19

Countrywide has lost market share to other competitors in a market where demand has been hit by higher property taxes and Brexit

Countrywide cuts profit view, plans to raise equity

The UK's largest real estate agent Countrywide has cut its half-year adjusted core earnings forecast, saying the market in the first half continued to be subdued.

Business • 25 Jun 18