CORRECTED-UPDATE 3-Crest Nicholson likely to agree merger with Bellway to create $5 bln UK homebuilder Corrects to read 720 million pounds (not 701.4 million pounds), in paragraph 1 July 10 (Reuters) - British homebuilder Crest Nicholson CRST.L said on Wednesday it may recommend to its shareholders a sweetened 720 million pound ($922.1 million) all-share takeover deal from bigger rival Bellway BWY.L if the latter comes up with a firm offer.

UPDATE 2-Travis Perkins names former Taylor Wimpey boss as new CEO Updates with context on company in paragraph 3, details of management changes in paragraph 4 July 10 (Reuters) - British construction materials firm Travis Perkins TPK.L on Wednesday named Pete Redfern as it new CEO, succeeding Nick Roberts who will step down on Sept. 16 after five years at the helm.

UPDATE 3-UK's Barratt flags up to 7% drop in 2025 homebuilding targets amid tough market Shares down 3%; stock top pct loser on FTSE 100 index Barratt sees FY25 homebuild target of 13,000-13,500 units Co expects reduction in average outlets in FY25 Updates share move in paragraph 2, adds analyst comment in paragraph 8, adds chart on home completions By Aby Jose Koilparambil July 10 (Reuters) - Britain's Barratt Developments BDEV.L expects its homebuilding targets for fiscal 2025 to drop by up to

UPDATE 2-London midcaps touch more than two-year highs as Labour Party returns to power For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 down 0.5%, FTSE 250 adds 0.9% Labour Party wins parliamentary election Homebuilders, construction stocks soar US unemployment rate at 4.1% Updated at 1550 GMT By Purvi Agarwal and Pranav Kashyap July 5 (Reuters) - Britain's domestic-focused stocks logged their best week in more than five months

UPDATE 3-UK housebuilding stocks lifted by Labour election win UK homebuilders top gainers in FTSE 100 Other housing stocks also climb Updates share moves in paragraphs 5, 6 and 8, adds HBF response in paragraphs 9-10, analyst comment in paragraph 11 By Aby Jose Koilparambil and Yadarisa Shabong July 5 (Reuters) - British housebuilding companies were the top gainers on the FTSE 100 .FTSE on Friday as investors welcomed the election victory by the Labour Party, which said it wanted 1.5 million ne

UK homebuilder stocks soar after Labour Party's election win July 5 (Reuters) - British homebuilders' shares rallied on Friday as investors cheered Keir Starmer's Labour Party's comprehensive win in a national election and his plans for the housebuilding sector. Analysts see Persimmon PSN.L , Taylor Wimpey TW.L and Vistry VTYV.L as key beneficiaries of increased focus on boosting affordable homes and a reform to planning.

BUZZ-UK homebuilders gain as Labour storms to massive election win ** Shares of UK housebuilders .FTNMX402020 jump 1.4% after Labour Party surged to a comprehensive win in the British parliamentary election on Friday, ending 14 years of often tumultuous Conservative government ** Investec analysts say they expect new government to restore mandatory

UK housebuilders bemoan lack of new election housing pledges By Aby Jose Koilparambil June 13 (Reuters) - Britain's housebuilders are disappointed with what they see as a lack of radical measures to tackle the country's housing shortage in the election manifestoes of both major parties, industry executives said on Thursday. At its manifesto launch, the Labour Party confirmed its plans to build 1.5 million new homes, just short of the 1.6 million homes over the next five years promised to voters

BUZZ-UK homebuilders gain as cooling labour market boosts rate cut hopes ** Shares of UK housebuilders .FTNMX402020 rise 1.3% after Britain's labour market showed more signs of cooling in April as the unemployment rate rose ** Official data showed the jobless rate for the three months to April rose to 4.4% from 4.3% between January and March, the h

UPDATE 3-Bellway lifts house price outlook after strong spring season Adds sector context in paragraph 6 By Aby Jose Koilparambil June 7 (Reuters) - British homebuilder Bellway BWY.L raised its annual average selling price forecast on Friday and pointed to strong trading in the spring selling season as improved affordability lifted customer confidence.

EUROPE RESEARCH ROUNDUP-4Imprint, AstraZeneca, Bellway June 5 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including 4Imprint, AstraZeneca and Bellway, on Wednesday. HIGHLIGHTS * 4Imprint FOUR.L : HSBC raises target price to 6370p from 6060p * AstraZeneca AZN.L : HSBC raises target price to 14070p from 12950p * Bellway Plc BWY.L : Berenberg raises target price to 2900p from 2500p * Berkeley Group BKGH.L : Berenberg raises target price to

UPDATE 2-Blackstone bets on UK rental homes in $740 million deal Recasts, adds context throughout LONDON, June 4 (Reuters) - U.S. private equity giant Blackstone BX.N has agreed to buy 1,750 new homes to rent from British housebuilder Vistry VTYV.L , as institutional investors bet on a shortage of rental properties. Large investors are increasingly putting cash into rental homes which have fared better than other commercial property sectors such as offices and retail, through a period of soaring

POLL-UK home prices to build on recent gains but supply an issue cpurl://apps.cp./cms/?pageId=house-poll poll data By Jonathan Cable LONDON, May 29 (Reuters) - British home prices will rise modestly this year and increase faster than overall inflation in the next two years, according to housing market specialists polled by Reuters, supported by expected reductions in borrowing costs and a dearth of supply.

BUZZ-UK homebuilders down as inflation falls less than expected ** Shares of UK housebuilders .FTNMX402020 decline 1.2% after inflation in Britain fell less than expected in April and a key core measure barely dropped, prompting investors to pull bets on a rate cut next month ** Consumer prices rose by an annual 2.3% last month, down sharply from a

UPDATE 2-UK's Vistry lifts build target on demand for affordable homes Aims to build 18,000 homes in 2024 vs 17,500 guided earlier Sees half-year, annual profit ahead of last year Year-to-date sales rate 0.96 units vs 0.87 year ago Adds share move in paragraph 2, analyst in 5, details in 8 By Aby Jose Koilparambil May 16 (Reuters) - British housebuilder Vistry VTYV.L raised its annual homebuilding target by about 3% to over 18,000 on Thursday, buoyed by resilient demand for its affordable homes,

UK's Vistry lifts homebuilding target on strong demand for affordable homes May 16 (Reuters) - British housebuilder Vistry VTYV.L raised its annual homebuilding target by about 3% to over 18,000 on Thursday, buoyed by resilient demand for its affordable homes. Vistry, one of Britain's biggest homebuilders in terms of annual units built, said the group's total sales rate averaged at 0.96 units year-to-date, compared with 0.87 a year ago, and has improved to 1.23 units over the last eight weeks.

BUZZ-UK property, housing stocks gain as US inflation data boost rate cut hopes ** The FTSE Real Estate index .FTUB3510 , which includes commercial property firms and real estate investment trusts (REITs), gains 2.5% ** UK homebuilders' index .FTNMX402020 rises 2.5% ** Shares of UK real estate firms gain after US consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectation

BUZZ-Top of the Street: Leonardo, Kingspan, Hermes, Bellway, Berkeley, WPP, Persimmon, Taylor Wimpey A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** UBS cuts Irish insulation maker Kingspan KSP.I to "neutral" from "buy", citing concerns over the recent underperformance of the insulation division and limited M&A opportunities ** UBS raises the defence and aerospace group Leonardo LDOF.MI to "buy" from "neutral", saying the market has not priced in yet the

BUZZ-Top UK homebuilders gain as house prices inch up in April ** Shares of UK housebuilders .FTNMX402020 rise 1.6% after British house prices return to monthly growth ** British house prices edges 0.1% higher in April to stand 1.1% up on a year earlier, figures from mortgage lender Halifax showed , a slight pick-up from March's 0.4% annual growth

UPDATE 2-UK's Persimmon confident for 2024, retains annual build target Forward sales 1.75 bln stg vs 1.69 bln stg a year ago Shares up about 1% in early trade Reaffirms annual build target of 10,000-10,500 Updates headline, adds background By Aby Jose Koilparambil and Suban Abdulla April 25 (Reuters) - UK housebuilder Persimmon PSN.L said on Thursday it was confident for the rest of the year and reaffirmed its annual home-build targets after an improved first-quarter sales rate.