Construction groups Galliford Try and Redrow on Wednesday pledged to resume shareholder payouts in fiscal 2021 as construction demand picked up following the lifting of coronavirus lockdowns.
Sept 16 Construction groups Galliford Try
and Redrow on Wednesday pledged to resume
shareholder payouts in fiscal 2021 as construction demand picked
up following the lifting of coronavirus lockdowns.
* Stock among top gainers on FTSE-100
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Housebuilder Persimmon posted a plunge in first-half profit on Tuesday after lockdown disrupted construction and home sales, but said it would reinstate its dividend after an "excellent start" to the second half of the year.
Demand for homes has grown in Britain since businesses reopened in mid-May, UK property website Rightmove said on Friday, as consumers reassessed housing needs and the government declared a holiday from the stamp duty that home buyers pay.
* Shares jump 7.8%, among top FTSE 100 risers
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British shopping centre operator Hammerson plans to raise 825 million pounds ($1.1 billion) from a rights issue and the sale of its 50% stake in VIA Outlet to see it through the COVID-19 crisis, it said on Thursday.
Debt-laden British Mall operator Hammerson is drawing up plans for a possible rights issue and is in advanced talks on the sale of its stake in discount shopping outlets joint venture to help it through the coronavirus crisis, it said on Monday.
British auto retailers Pendragon and Inchcape plan to cut jobs as they battle mounting losses due to weak demand, exacerbated by the fallout from the COVID-19 pandemic.
British homebuilders Persimmon and Vistry said on Thursday interest in new homes had picked up since coronavirus restrictions on the housing market eased in mid-May, propping up order books for this year and supporting prices.