ONS gives improved figures for first quarter growth
The pound has been given a small boost as the Office for National Statistics came in with a revised estimate of UK economic growth in the first quarter. It appears the nation’s construction output decline may not have been as bad as initially feared, as the ONS now says gross domestic product grew by 0.2% […]
read moreMcCarthy & Stone CEO stepping down amid profit warning
Retirement housebuilder McCarthy & Stone CEO announced he is walking away from the company this year, as the company’s shares fell after it issued a profit warning. Declining reservation rates have lead to a revised profit forecast of between £65 million and £85 million, a drop from the £96 million recorded last year and the […]
read morePersimmon takes heat over director bonuses
MPs grilled UK housebuilders Persimmon over an executive bonus scheme which has resulted in public outcry. Persimmon board member Marion Sears appeared before parliament to answer questions regarding the scheme, which has been labeled “grossly excessive”. While taking questions from Business, Energy and Industrial Strategy Committee chair Rachel Reeves, Sears initially did not mention almost […]
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