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.
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.
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.
LONDON/PARIS, Oct 1 (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.
LONDON, Sept 29 (Reuters) – British mortgage approvals
slipped a three-month low in August, according to official data,
falling slightly more than expected and adding to signs the
housing market has cooled in recent months.
The Bank of England said mortgage approvals numbered 64,212
last month, the weakest reading since May and down from 66,100
in July. Analysts had forecast a fall to 65,000.
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.
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
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.
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.
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
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.