UK Housebuilding Sector: Q1 2017 “Births, Brexit, Bovis bids”

Hardman & Co

Hardman & Co Report Report DownloadsBaron King of Lothbury, also known as Mervyn King former Governor of the Bank of England, is married to Barbara, a Finnish lady. She was his girlfriend in 1970 but distance and steam-driven telecoms conspired to keep them apart. Barbara went on to marry someone else and divorce – before being reunited with King in the late 1990s. They married in 2007 and King, who had never had children, was presented with two step-children and four grandchildren; and, in a Sunday Times interview, he quoted the Finnish apothegm “Grandchildren are the dessert of life”.

Housebuilding SectorI very recently joined this rather large club and my Granddaughter, Phoebe, was one month old in March. The month also marked the 60th anniversary of The Treaty of Rome and it was the same one in which the UK invoked Article 50. Until the Treaty of Lisbon in December 2007, there was no legal means for a member state to leave the EU. The Rome convention sired the Lisbon accord which, in due course, begat third generation Article 50.

In the two trading days following the Brexit vote i.e. 24 and 27 June last year (with a weekend in between), the UK Housebuilding Sector lost 36% of its value and at one stage was discounted by almost 40%. But investors in UK housebuilders are clearly familial and, after a lengthy gestation, through 23 March 2017, the Sector nudged back above its 23 June 2016 level with an average gain of 81% in share prices across 16 companies…

Share on:
Find more news, interviews, share price & company profile here for:

    EV flying cars in China’s new low-altitude economy get lift-off

    Flying cars are moving closer to reality, as global companies accelerate the development of electric vertical take-off and landing (eVTOL) aircraft. In China, Fidelity International analyst Reggie Pan experienced a test flight with EHang Holdings, the first eVTOL maker licensed to carry passengers commercially.

    Fidelity Asian Values Annual Report 2025 – 17% total return

    Fidelity Asian Values has reported strong results for the year ended 31 July 2025, delivering a 12.4% Net Asset Value return and a 17.0% total share price return, outperforming its benchmark index return of 7.1%.

    Thor Energy schedules AGM for 11 November 2025

    Thor Energy has announced that its Annual General Meeting will be held on 11 November 2025 at 10 a.m. GMT at 9 Pollen Street, London, W1S 1NG.

    Jubilee Metals reports solid Q1 performance and progress toward South African asset sale

    Jubilee has reported a solid operational performance for the quarter ended 30 September 2025, alongside strong progress on the sale of its South African Chrome and PGM operations.

    Emerging Markets Investment Trust: Outlook, key investments and sector focus

    Fidelity Emerging Markets portfolio managers Nick Price and Chris Tennant see improving conditions for emerging markets, supported by a weaker US dollar and signs of recovery in China.

    Nitin Bajaj Fidelity explains investment strategy in China and Indonesia (LON:FAS)

    Nitin Bajaj, portfolio manager of Fidelity Asian Values, sees attractive opportunities emerging in China and Indonesia as market dislocations create value for long-term investors.

      Search

      Search