Bovis Homes back on the growth path
While we still await definitive confirmation of an upturn in UK property market, despite signs from various housebuilders that the market has turned, Bovis Homes has today announced plans to scrap its interim dividend in 2009 amid " challenging trading conditions". However, the prospects for shareholders may not be as bad as the headline indicates with the company suggesting that funds saved would be used to purchase "cheap residential land".
It is interesting to see that Bovis Homes appears to be looking to expand even though confirmation of an upturn in prospects for the sector has yet to be confirmed. The company also announced nearly 1000 private customers reserved properties during the first six months of 2009 which was nearly a 100% increase on the corresponding figure last year. While this may be partly due to a lack of quality properties in the second-hand home market it is encouraging to see people starting to spend money again.
Slowly but surely the news in the housebuilding sector appears to be improving although unfortunately we have been at this juncture a number of times over the last 18 months. Investors are becoming more and more wary of "false dawns" and it may be some time before we see potentially better prospects reflected in share prices.
Share this..
Related stories
Has Gordon Brown Opened The Flood Gates For Wage Rises?
In a move which will eliminate the threat of possible industrial action by UK nurses in the short term , it has been announced that they have agreed an 8.1% three year wage deal. The nurses will receive a rise of 2.75% in year one with a 2.5% rise in each of the following two years. However, buried away in the small print is the opportunity for the Unions to reopen talks if the price of living c...
Read More60% of parents unable to save money for their children
16/09/2014 60% of UK parents are unable to save any money for their children’s future, according to new research from the housing charity, Shelter. Shelter is now calling for politicians to commit to building more affordable homes so young people and families who can’t rely on help from their parents will be able to get onto the property ladder. Shelter believes the UK needs to fix the...
Read MoreUS authorities confirm fiscal stimulus ideal
Ben Bernanke, the chairman of the Federal Reserve, has today issued a statement regarding economic strength in the US and the main reasons as to why he believes unemployment is so high. The economics sector appears to be split as to the reason why unemployment is so high with some suggesting it is purely and simply because of a weak economy while others believe that there is a shortage of required...
Read MoreRent prices rise 8.9%
19/10/2015 Rent prices have increased by an average of 8.3% over the past year, as the average price of rent paid by private tenants rose to £816 in September. Letting agents Reed Rains has found that private rents have increase by an average of £48 a month over the past year. This shows a massive discrepancy between the cost of living and the cost of renting, as inflation has caused pric...
Read MoreOver 50s jargon buster
It’s easy to get bogged down by technical terms and abbreviations when trying to research what type of insurance is best for you. Here at financialadvice.co.uk, we have asked our insurance experts to put together a handy jargon buster which focuses on over 50s life insurance, but also talks about what other types of insurance options are open to you. Don’t forget, if you have a financial quest...
Read More