All articles by Tom Bill – Page 3
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Read the body language
After the inaugural meeting of the CBI Construction Council this week, the demeanour of the construction bosses who lined up to talk about the future said as much about the state of the industry as their words did.John McDonough, the Carillion chief exec, spent much of the time reclined in ...
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Which "consensus" forecast do you believe?
A few analysts were left scratching their heads following Persimmon's trading update on Monday.The uncertainty surrounded its pre-tax profit forecast of £135m-ish for 2008.According to FD Mike Killoran it was the market's consensus forecast (the average of several analysts' figures).Not according to one City number-cruncher. "Most forecasts I am aware ...
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Taylor Wimpey update update
There is a degree of uncertainty surrounding the date of Taylor Wimpey's next trading update - but what can we read into it?While Persimmon brought theirs forward this week and Barratt and Redrow are pencilled in the diary for November, there is no word from TW on a date yet.It ...
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A week is a long time in housebuilding
This week's news that £254m-turnover David McLean had fallen into administration sent reverberations around the industry because it was the biggest construction faller yet in the credit crunch.Administrator Deloitte will wind up the contracting arm and plans to sell off its housing developments; all very sensible so far.Presumably all the ...
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Housebuilding bonuses under scrutiny
When the Redrow board announced it was taking a combined £271,000 in performance bonuses this year, even a few City analysts raised an eyebrow.Not known for their readiness to criticise the bonus culture, some questioned how it would look after a year of mass redundancies and, more to the point, ...
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Chris Rickard into the breach
Taylor Wimpey is keeping new finance director Chris Rickard firmly under wraps at the moment. It's probably a wise move; he has better things to do than meet the City or talk to the press.Like steer the housebuilder towards the safe haven of a refinancing deal.He comes with a healthy ...
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Bit of banter between Pidgley and Ronson
At a recent property event, heavyweights Tony Pidgley and Gerald Ronson shared a stage.It didn't take long before the thorny subject of planning came up. Berkeley Homes boss Pidgley bemoaned a process he said overlooked the fact real human beings were involved.He continued: "I was in Disneyland with my three-year ...
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