Costas's Feed
Nov 18, 2014

Britain confirms bird flu on northern England farm is H5N8 strain

LONDON (Reuters) – Bird flu on a duck farm in northern England is the highly contagious H5N8 strain, the same form of the virus already discovered in Germany and the Netherlands, Britain’s farm ministry confirmed on Tuesday.

The Department for Environment, Food and Rural Affairs (Defra) said that the risk to humans was minimal, and that a cull of all 6,000 ducks on the farm in east Yorkshire should be completed later on Tuesday.

Nov 17, 2014

Bird flu on British farm may be linked to Dutch, German cases

LONDON (Reuters) – Bird flu found on a duck farm in northern England might be linked to a highly contagious strain of the disease found this weekend at a poultry farm in the central Netherlands, as well as a case early this month in Germany.

The head of the World Animal Health Organization told Reuters on Monday that the outbreaks could be linked as the virus is most often transmitted through wild birds.

Nov 12, 2014

Builder Barratt confident on profit due to higher margin land

LONDON, Nov 12 (Reuters) – Britain’s biggest housebuilder by
volume Barratt said on Wednesday it was on track to
meet key profitability targets as it builds on land with higher
margins and sees strong sales, particularly in London.

Barratt, which built more than 14,800 homes in the year to
June 2014, said it would meet its sales target of 15,700
completions in the coming year, including homes from joint
ventures.

Nov 11, 2014

Builder Taylor Wimpey lifts profitability forecast

LONDON, Nov 11 (Reuters) – Taylor Wimpey, Britain’s
second-biggest housebuilder by volume, raised its profit margin
forecast for this year due to higher prices and increasing
sales, the latest builder to post upbeat results despite a
cooling market.

The firm said on Tuesday its operating profit margin would
rise around 400 basis points from last year’s 13.6 percent, up
from its previous forecast for a 300 basis point increase.

Nov 7, 2014

Bovis sees profits up but UK housing market normalising

LONDON, Nov 7 (Reuters) – Bovis Homes said on Friday
its profits would rise strongly in 2014 due to higher prices and
more sales but became the latest housebuilder to report a return
to a more “normal” seasonal pattern in Britain’s housing market.

Bovis said it was on course to build 30 percent more homes
this year, rising to 3,650, with the average selling price
expected to rise by 10 percent compared to 2013.

Nov 6, 2014

UK car sales boosted by cheap credit, but growth forecast to slow

LONDON, Nov 6 (Reuters) – Cheap credit continued to boost
British new car sales in October, which passed the 2 million
mark for 2014, earlier in the year than any time since 2007,
industry data showed on Thursday.

The Society of Motor Manufacturers and Traders said monthly
new car registrations rose to 179,714 in October, up 14 percent
on a year ago and the fastest monthly increase since March.

Nov 4, 2014

Persimmon says lack of tradesmen holding back housebuilding

LONDON, Nov 4 (Reuters) – Persimmon, Britain’s
biggest housebuilder by market value, said on Tuesday a lack of
key workers was holding back the number of homes it could build,
although it still expected operating profits to rise in the
second half of the year.

The company said it would build almost 20 percent more homes
than last year, rising to over 13,000, boosted by strong demand
and helping to push up profits.

Oct 23, 2014

Foxtons warns earnings hurt by London property slowdown

LONDON, Oct 23 (Reuters) – British estate agent Foxtons
warned profits would fall this year due to a sharp
slowdown in a London property market that has seen prices soar,
triggering the steepest drop in its shares since the company
listed last year.

“We now believe that market volumes in the second half of
2014 overall will be significantly below levels during the same
period last year,” the company said.

Oct 6, 2014

Aston Martin sees small recovery as 2013 loss shrinks by a third

LONDON (Reuters) – British sportscar maker Aston Martin, famed for supplying James Bond’s cars of choice, saw its pretax loss fall by a third in 2013 on the back of rising sales and said it had seen a small rebound in demand for high-end autos.

Owned by Kuwaiti and Italian private equity groups, Aston Martin has struggled in recent years, partly because unlike other high-end British brands such as Volkswagen (VOWG_p.DE: Quote, Profile, Research, Stock Buzz)-owned Bentley it is not owned by a wider group capable of supplying investment.

Oct 1, 2014

Special Report: In foreign hands, British automakers overtake France

LONDON/PARIS (Reuters) – When Britain lost its last native car company 20 years ago, it was lamented across the political spectrum as a national catastrophe.

“The sheer stupidity and immorality of this betrayal is too scandalous to be ignored,” wrote a columnist in the conservative Times of London.