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Redrow


뉴스

Crest Nicholson likely to agree merger with Bellway to create $5 bln UK homebuilder

CORRECTED-UPDATE 3-Crest Nicholson likely to agree merger with Bellway to create $5 bln UK homebuilder Corrects to read 720 million pounds (not 701.4 million pounds), in paragraph 1 July 10 (Reuters) - British homebuilder Crest Nicholson CRST.L said on Wednesday it may recommend to its shareholders a sweetened 720 million pound ($922.1 million) all-share takeover deal from bigger rival Bellway BWY.L if the latter comes up with a firm offer.
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UK's Barratt flags up to 7% drop in 2025 homebuilding targets amid tough market

UPDATE 3-UK's Barratt flags up to 7% drop in 2025 homebuilding targets amid tough market Shares down 3%; stock top pct loser on FTSE 100 index Barratt sees FY25 homebuild target of 13,000-13,500 units Co expects reduction in average outlets in FY25 Updates share move in paragraph 2, adds analyst comment in paragraph 8, adds chart on home completions By Aby Jose Koilparambil July 10 (Reuters) - Britain's Barratt Developments BDEV.L expects its homebuilding targets for fiscal 2025 to drop by up to
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Crest Nicholson won't enter talks on merger proposal from Avant Homes

UPDATE 2-Crest Nicholson won't enter talks on merger proposal from Avant Homes Adds details, background July 5 (Reuters) - British homebuilder Crest Nicholson CRST.L said on Friday it had received a merger proposal from Elliott-backed Avant Homes but added it wouldn't enter talks while it is in an offer period following Bellway's takeover bid last month.
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UK's Crest Nicholson rejects takeover proposal from Avant Homes, Sky News reports

UK's Crest Nicholson rejects takeover proposal from Avant Homes, Sky News reports July 5 (Reuters) - Crest Nicholson CRST.L has in the past 10 days rejected an all-share takeover bid from Elliott Advisors-owned Avant Homes, Sky News reported on Friday, citing City sources. The bid from Avant, run by former Persimmon PSN.L chief Jeff Fairburn, would have seen Elliott become the biggest shareholder in the combined group, Sky News said.
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UK homebuilders gain as Labour storms to massive election win

BUZZ-UK homebuilders gain as Labour storms to massive election win ** Shares of UK housebuilders .FTNMX402020 jump 1.4% after Labour Party surged to a comprehensive win in the British parliamentary election on Friday, ending 14 years of often tumultuous Conservative government ** Investec analysts say they expect new government to restore mandatory
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Equinor, Ferrovial, Sabadell, Prelios, Diagnosticos da America; Updates Great Eastern June 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1945 GMT on Friday: * * Brazil's Diagnosticos da America (Dasa) DASA3.SA and health insurance operator Amil have agreed to combine their hospital businesses, setting up a joint venture with almost 10 billion reais ($1.86 billion) in net revenue, the firms said.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Great Eastern Holdings, Phillips 66, Central Group, Solaria, Global Yatirim Holding Updates: Vodafone Group June 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday: ** Singapore's Great Eastern Holdings GELA.SI asked its shareholders to accept a S$1.4 billion ($1.03 billion) offer from Oversea-Chinese Banking Corp OCBC.SI to buy the remaining stake in the insurer and take it private nL4N3IC123
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Latest UK builder M&A may yet have completion date

BREAKINGVIEWS-Latest UK builder M&A may yet have completion date The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic. By Yawen Chen LONDON, June 14 (Reuters Breakingviews) - UK housebuilders’ consolidation trend is encountering some bumps in the road. While tougher times for the sector have seen the likes of Barratt Developments BDEV.L and Redrow RDW.L couple up, Crest Nicholson CRST.L on Friday said it had spurned a 650 million pound ($8
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions June 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday: ** Vodafone Group VOD.L is looking to sell its entire $2.3 billion stake in India's Indus Towers INUS.NS through stock market block deals next week, two sources with direct knowledge said, part o
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UK competition watchdog starts formal probe into Barratt-Redrow deal

UK competition watchdog starts formal probe into Barratt-Redrow deal June 14 (Reuters) - Britain's competition regulator launched a formal investigation on Friday into homebuilder Barratt's BDEV.L 2.52 billion pound ($3.21 billion) all-stock deal to buy smaller rival Redrow RDW.L to examine whether it has the potential to hurt competition. WHY IT'S IMPORTANT The purchase of Redrow would cement Barratt's position as one of the largest builders in Britain in terms of both market value and the numb
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UK's CMA Begins Phase I Probe In Barratt/ Redrow Deal

BRIEF-UK's CMA Begins Phase I Probe In Barratt/ Redrow Deal June 14 (Reuters) - UK's CMA: COMPETITION AND MKTS - MERGER UPDATE: BARRATT / REDROW UK'S CMA SAYS START OF CMA MERGER INVESTIGATION: ANTICIPATED ACQUISITION BY BARRATT DEVELOPMENTS PLC OF REDROW PLC UK'S CMA SAYS DEADLINE OF 8 AUGUST 2024 FOR ITS PHASE 1 DECISION IN BARRATT / REDROW DEAL
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UK's Crest Nicholson says Bellway's new proposal undervalues group

UPDATE 3-UK's Crest Nicholson says Bellway's new proposal undervalues group All-share proposal worth about 253p/Crest share Crest Nicholson had rejected initial proposal made in April Recasts June 13 story with Crest Nicholson's response in paragraph 1, adds details; changes dateline June 14 (Reuters) - British homebuilder Crest Nicholson CRST.L said on Friday rival Bellway's BWY.L revised and unsolicited 650 million pound ($828 million) all-share takeover offer "significantly undervalued" the g
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UK housebuilders bemoan lack of new election housing pledges

UK housebuilders bemoan lack of new election housing pledges By Aby Jose Koilparambil June 13 (Reuters) - Britain's housebuilders are disappointed with what they see as a lack of radical measures to tackle the country's housing shortage in the election manifestoes of both major parties, industry executives said on Thursday. At its manifesto launch, the Labour Party confirmed its plans to build 1.5 million new homes, just short of the 1.6 million homes over the next five years promised to voters
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UK homebuilders gain as cooling labour market boosts rate cut hopes

BUZZ-UK homebuilders gain as cooling labour market boosts rate cut hopes ** Shares of UK housebuilders .FTNMX402020 rise 1.3% after Britain's labour market showed more signs of cooling in April as the unemployment rate rose ** Official data showed the jobless rate for the three months to April rose to 4.4% from 4.3% between January and March, the h
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BHP pursuit of Anglo American highlights corporate-led UK M&A upswing

ANALYSIS-BHP pursuit of Anglo American highlights corporate-led UK M&A upswing By Anousha Sakoui, Amy-Jo Crowley and Lucy Raitano LONDON, May 30 (Reuters) - BHP Group's $49 billion bid for Anglo American may have failed but the move highlights how companies have been leading a charge to snap up UK assets as they seek growth in a relatively undervalued market, bankers and analysts said.
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UK's Persimmon falls on report it is exploring Cala acquisition

CORRECTED-BUZZ-UK's Persimmon falls on report it is exploring Cala acquisition Corrects to Jefferies, from JP Morgan, in third bullet ** Shares of Persimmon Plc PSN.L fall 2.3% to 1,447.50p; stock among top pct losers on FTSE 100 .FTSE index ** The UK housebuilder is exploring a 1 billion pound ($1.28 billion) takeover bid for Cala Group, which has
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UK homebuilders down as inflation falls less than expected

BUZZ-UK homebuilders down as inflation falls less than expected ** Shares of UK housebuilders .FTNMX402020 decline 1.2% after inflation in Britain fell less than expected in April and a key core measure barely dropped, prompting investors to pull bets on a rate cut next month ** Consumer prices rose by an annual 2.3% last month, down sharply from a
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UK property, housing stocks gain as US inflation data boost rate cut hopes

BUZZ-UK property, housing stocks gain as US inflation data boost rate cut hopes ** The FTSE Real Estate index .FTUB3510 , which includes commercial property firms and real estate investment trusts (REITs), gains 2.5% ** UK homebuilders' index .FTNMX402020 rises 2.5% ** Shares of UK real estate firms gain after US consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectation
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Top UK homebuilders gain as house prices inch up in April

BUZZ-Top UK homebuilders gain as house prices inch up in April ** Shares of UK housebuilders .FTNMX402020 rise 1.6% after British house prices return to monthly growth ** British house prices edges 0.1% higher in April to stand 1.1% up on a year earlier, figures from mortgage lender Halifax showed , a slight pick-up from March's 0.4% annual growth
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