Crest Nicholson: Profit triples as housing market recovers June 12, 2025 Housebuilder Crest Nicholson has reaffirmed its annual guidance as it reported a jump in half-year profit. The London-listed firm said adjusted pre-tax profit more than tripled to £7.9m in the six months ended 30 April. On a statutory basis, the company swung to a £9.4m profit after posting losses of £30.9m in 2024. Revenue declined [...]
Spending Review: Reeves leaves London short-changed June 11, 2025 Chancellor Rachel Reeves’ inaugural Spending Review fell short for London, the capital’s business advocacy group has said. Reeves’ announcements on infrastructure, transport and skills were received warmly but BusinessLDN has said the Chancellor had failed to fully deliver, leaving the capital “short-changed”. The Spending Review included a four-year settlement for Transport for London with the [...]
Optimism on construction boom lifts housebuilder stocks June 11, 2025 Shares in the UK’s major housebuilders have all risen in the past five days as news of government investment buoys the chances of a construction market boom. Vistry and Crest, which have recently boosted their focus on affordable homes, were particular winners: Vistry has risen by more than 20 per cent since June 6, while [...]
Ibstock hikes brick production as UK construction market picks up June 11, 2025 Brick manufacturer Ibstock has reinstated production capacity at several factories, providing a boost to Britain’s building materials shortage. The move is a bet on the building market’s recovery, with higher production capacity ensuring the company is “well placed to benefit from the recovery as it gathers pace.” Ibstock, which holds a 40 per cent share of the [...]
Will the building safety levy constrain housebuilding? May 28, 2025 A new tax on the real estate industry risks trading a crisis in building safety for one of housing supply, argue Rick Atha and Amber Wright The building safety levy is due to come into effect in Autumn 2026, a year later than the government had previously indicated. The government aims to raise around £3.4bn [...]
Government slashes red tape to tackle housing crisis May 28, 2025 The government will slash red tape to get more construction by smaller building firms off the ground, and to “get working people on the housing ladder,” Deputy Prime Minister Angela Rayner has said as Labour looks to promote its pro-business credentials. A relaxation of environmental protections is expected, including Biodiversity Net Gain (BNG) requirements which [...]
Labour’s tax policies are hitting the companies they need to build homes May 23, 2025 Construction plant-hire companies are fundamental to delivering the government’s pledge to build 1.5m homes, but they tend to be family businesses – the very kind that are being worst hit by changes to NICs and Business Property Relief, says Steven Mulholland The latest Homes England figures might look promising – more homes completed, more sites started, and [...]
Paris vs London: which city comes out on top? May 22, 2025 Our front page story yesterday on Paris surging ahead of London in the rankings of tech sector hotspots got people talking, reigniting an ancient debate over the relationship – and rivalry – that exists between these two mighty capitals. Credit where it’s due; Paris has patiently built a deep and high-value tech sector. But it’s [...]
Support for local housebuilding plummets since election May 20, 2025 Brits’ support for housebuilding in their local area has fallen since the general election in a risk to the government’s lofty construction goals, according to new data. Net support has dropped by 11 percentage points, with renters’ backing for new housing near where they live falling by 14 percentage points, according to new research by [...]
The West Midlands is leading the way on new housing May 20, 2025 The West Midlands is pioneering a new, collaborative approach to housing and infrastructure growth by uniting public and private sectors to unlock investment and accelerate development, says Richard Parker As leaders from across the UK’s built environment gather at the UK’s Real Estate Investment and Infrastructure Forum (UKREiiF), I want to share some early thinking [...]
