Costas's Feed
Sep 10, 2014

Barratt sees UK housing market normalising as profits jump

LONDON, Sept 10 (Reuters) – Britain’s largest housebuilder
Barratt Developments predicted a return to “more
normal” trends in Britain’s housing market as it posted more
than doubled yearly profit and said it would return 400 million
pounds ($645.1 million) to shareholders.

The group posted profit before tax of 390.6 million pounds
for the 12 months to June 30, in line with analyst expectations,
and said the average selling price of a property was up 12.9
percent to 241,600 pounds.

Sep 9, 2014

Decision to build BMW’s new electric Mini months away

OXFORD, England, Sept 9 (Reuters) – An electric version of
the Mini that will move the classic British car further away
from its original design will have to wait at least six months
for a possible green light, a BMW board member said on
Tuesday.

The new car, known as the Superleggera, was on show last
week in Britain. It is a two-door coupe, but longer and sleeker
than the traditional compact Mini.

Sep 8, 2014

Jaguar targets women and younger drivers with its cheapest car

LONDON (Reuters) – British luxury carmaker Jaguar launched its cheapest ever car on Monday, the first new model in a range designed to widen its appeal to women and younger drivers and take on bigger rivals such as BMW, Audi and Mercedes-Benz.

After years in the doldrums, Jaguar has enjoyed a new lease of life since it was bought by India’s Tata group (TAMO.NS: Quote, Profile, Research, Stock Buzz) in 2008, along with fellow British automaker Land Rover.

Aug 20, 2014

New and premium models boost UK car exports to best-ever July

LONDON, Aug 21 (Reuters) – Britain enjoyed its best July on
record for car exports, an industry body said on Thursday, as
production rose by nearly 3 percent year-on-year thanks to new
models and strong sales of top-end vehicles.

Britain built nearly 103,000 cars for export, the highest
ever for a month of July according to the Society of Motor
Manufacturers and Traders (SMMT), whose records date back to the
1920s.

Aug 18, 2014

Bovis Homes stays on track with 150 pct profit leap

LONDON, Aug 18 (Reuters) – British housebuilder Bovis Homes
is on track for a significant rise in full-year profit,
it said on Monday after a record number of completions and
improved operating margins boosted first-half earnings.

The company had virtually hit its 2014 sales target of 3,650
homes by the half-year mark and said it expects to achieve
full-year profit in line with market forecasts. Thomson Reuters
data shows that analysts expect a 60 percent rise in Bovis’s
full-year operating profit.

Aug 13, 2014

Car dealership Lookers sees full year pretax profit over 60 million pounds

LONDON (Reuters) – Britain’s fourth largest car dealer Lookers (LOOK.L: Quote, Profile, Research) said it expected to post a full-year pretax profit over 60 million pounds, above market expectations, after it saw a surge in first-half profits spurred on by record sales.

The firm, which sells nearly 120,000 new and used vehicles in Britain every year, reported adjusted pretax profit of 40.2 million pounds in the six months to 30 June 2014, up 36 percent.

Aug 13, 2014

Car dealership Lookers sees FY pretax profit over 60 mln stg

LONDON, Aug 13 (Reuters) – Britain’s fourth largest car
dealer Lookers said it expected to post a full-year
pretax profit over 60 million pounds, above market expectations,
after it saw a surge in first-half profits spurred on by record
sales.

The firm, which sells nearly 120,000 new and used vehicles
in Britain every year, reported adjusted pretax profit of 40.2
million pounds ($67.58 million) in the six months to 30 June
2014, up 36 percent.

Aug 12, 2014

UK politicians ‘terrified’ of military intervention in Iraq -ex-general

LONDON (Reuters) – The British government is “terrified” of intervening militarily in Iraq ahead of elections due next year and is happy to posture rather than take real action, an ex-senior general who previously helped lead NATO missions said on Tuesday.

Islamic State insurgents – radical Islamists who want to re-create a mediaeval-style caliphate straddling Iraq and Syria – have swept across northern Iraq in recent weeks, pushing back Kurdish regional forces despite coming under U.S. air strikes.

Jul 31, 2014

Inchcape to buy back shares after posts record profit

LONDON, July 31 (Reuters) – Multinational car dealer
Inchcape said on Thursday it would buy back shares
worth 100 million pounds ($169.2 million) as it reported a
record profit, helped by a return to growth in key markets
Singapore and Greece.

The firm, which operates in 26 countries and distributes
cars for global brands including Audi, Jaguar
and Toyota, said it also benefited from the
one-off sale of property.

Jul 16, 2014

Renault expects 40 percent growth in 2014 British sales: UK MD

LONDON (Reuters) – Renault (RENA.PA: Quote, Profile, Research, Stock Buzz) expects it will sell over 100,000 cars and vans in Britain in 2014, around 40 percent higher than last year, the UK Managing Director of the French car maker Ken Ramirez told Reuters in an interview on Wednesday.

The partly state-owned automaker, which also sells cheaper car models under its Romanian brand Dacia, said it was currently the fastest growing car and van brand in Britain, selling over 54,000 vehicles so far this year.