All Business articles
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NewsYorkshire Housing boosts pre-tax surplus by 80%
The 18,900-home housing association said it has had to ‘flex’ its development programme due to the economic conditions, but is on track to meet its building target.
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NewsPeabody’s Ian McDermott among three CEOs appointed to NHF board
The chief executives of Peabody, Torus and Curo have been selected to join the board as L&Q’s Waqar Ahmed departs
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NewsSadiq Khan set to appoint Karen Buck as chair of London development corporation
Former MP Karen Buck will be responsible for spearheading the delivery of tens of thousands of affordable homes near the new Old Oak Common HS2 station.
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NewsWolverhampton Council and English Cities Fund submit plans for city centre redevelopment
Plans unveiled for first 331-home phase of 1,000-home masterplan
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NewsGleeson ‘on track’ to increase profit despite ‘lack of conviction’ in market
The housebuilder forecasts completing 1,862 new homes and achieve a £28.1m pre-tax profit this year
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NewsOrbit Group sells 250 homes as part of ongoing stock rationalisation strategy
B3Living has acquired the homes, which are located in Hertfordshire and Essex
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NewsNine housing associations re-issued with ‘V2’ financial viability grade following stability checks
All of the housing associations assessed so far kept their existing financial viability grades
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In FocusHow worried should the sector be about Vistry?
Housebuilding industry poster-child Vistry has been charting an aggressive growth course despite a tricky market over the last two years. Joey Gardiner asks why it has now lost half its value after two profit warnings in two months
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NewsL&Q reports deficit for first half of the year
Sale of strategic land division to Urban & Civic creates accounting loss as development falls 30%
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NewsAster development and pre-tax surplus drops in first half of the year
Aster’s development of new homes has dropped by 24% and its pre-tax surplus has dropped by £4.7m
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NewsTwo south Wales housing associations complete merger
Cadwyn Housing Association has joined Cadarn Housing Group as a subsidiary
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NewsMagna Housing appoints new chief financial officer and head of growth
The two new appointments bring leadership to support Magna’s financial and housing development strategies
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NewsGreenSquareAccord’s chief financial officer set to join Abri
Jo Makinson will leave GSA in December
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NewsPlaces for People appoints new managing director for developments
Andrew Usher has been promoted from development director to managing director for developments
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In FocusGrey belt, green belt and the curious case of Labour’s benchmark land value
The new government’s plans to allow more development on parts of the green belt have been hailed as a potential game-changer for housing supply. However, there are growing fears that the ‘golden rules’ governing the release of sites may simply make sites unviable
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NewsS&P downgrades Futures Housing’s credit rating over increased investment in existing homes
The credit rating agency says that Futures’ spend on stock will keep its EBITDA margins below 20% over the next two years
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NewsCitizen builds ‘record’ 703 new homes
The 32,000-home housing association’s turnover increases, but its surplus falls due to interest costs
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NewsNotting Hill Genesis confirms £90m deficit in overdue financial accounts
The 67,000-home housing association’s accounts were late as it was reviewing one-off costs, most of which related to building safety
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NewsGreensquare Accord posts surplus for first time since merger
GSA said its underlying stability is improving after a “challenging” first two years
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NewsLonghurst and Grand Union agree to merge
Organisations plan to come together to create new 38,000-home provider in December