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:

Latest Company News

Record Financial Group focuses on faster FX workflows, better data and execution control

Record Financial Group is improving its FX trading operation through faster pre-trade workflows, greater automation and better forward-market data.

MeyGen builds the case for larger-scale tidal power in Scotland

MeyGen’s operating tidal array and expansion plans position the Pentland Firth project as a key test of commercial-scale tidal energy.

EDI Plus targets a persistent enterprise integration gap

With 71% of enterprise applications still disconnected, EDI Plus is targeting the integration gap between the systems businesses already use.

Vanadium ore market builds on Steel Demand and Energy Storage Potential

Vanadium ore demand is led by steel, with energy storage offering a potential second source of long-term market growth.

Biotech Growth Trust extends strong performance in 2026

Year to date, the Trust’s NAV rose 36.2% and its share price gained 44.8%, ahead of the NASDAQ Biotechnology Index return of 24.3%.

Verizon secures long-term fibre supply to support broadband and AI expansion

Verizon has secured long-term fibre supply from Corning as it expands broadband capacity and builds out its AI data-centre connectivity business.

    Search