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...warned that the number of new home completions would fall from an annual average of about 210,000 over the past five years to 160,000 over the coming year as higher debt costs hit construction and home sales...
...She predicted the sale would start from June and be completed by the third quarter....
...Buyer confidence has recovered as interest rates have stabilised, with the number of sales up 12 per cent year on year in April, according to online property site Zoopla, the fourth month of annual gains...
...makers by sales....
...Sales volumes last month were also 1.3 per cent below their pre-pandemic level, although consumers spent 18.5 per cent more than in February 2020 as high prices reduced purchasing power....
...The lender described an increasingly polarised market in which the number of transactions involving a mortgage was a fifth lower than pre-pandemic levels over the past six months....
...The company reported pre-tax losses of £138.8mn in its first quarter on Wednesday, compared with £74.2mn a year earlier, while revenues fell 10 per cent to £267.7mn....
...The group, often seen as a bellwether of how British consumers are doing, reiterated an earlier forecast for pre-tax profits of £960mn this year on a 2.5 per cent increase in full-price sales....
...For the current financial year, Kingfisher forecast adjusted pre-tax profits of £490mn-£550mn, below the £560mn that analysts had predicted....
...Pre-tax losses were £138.8mn compared with £74.2mn a year earlier, while revenues fell 10 per cent to £267.7mn and car sales fell by a quarter to 945....
...Its shares were trading up about 1 per cent by early afternoon on Friday, at their highest levels in two-and-a-half years but 50 per cent below pre-pandemic levels....
...The grocery chain posted a 6.8 per cent increase in retail sales, excluding fuel, to £30.6bn for the year to March 2, while pre-tax profits fell 15.3 per cent to £277mn, partly because of restructuring at...
...It did not disclose pre-tax numbers. Overall sales rose 7.1 per cent to about £22bn, while like-for-like sales increased by 5.4 per cent....
...Shares in Eli Lilly, which last year became the biggest pharmaceutical group by market value, were up 7.5 per cent in pre-market trading....
...Sales of branded goods pushed just ahead of own-label items, with sales increasing by 6.1 per cent and 4.7 per cent, respectively, in the past four weeks....
...Meanwhile, the predicted shift away from traditional gaming to cloud gaming — once seen as the successor to gaming consoles — has been much slower than expected....
...UK visitor numbers are predicted to have increased by just 19 per cent on pre-pandemic levels by 2028, compared to 26 per cent in western Europe, VisitBritain said....
Confidence is slowly returning to green energy stocks amid mounting expectations that interest rates have peaked
...That decline was caused by a 54 per cent drop in the performance fees Blackstone earned from asset sales, which fell from more than $4bn in 2022 to $2bn last year....
...Chief executive Pascal Soriot predicted that the company would generate revenue growth in low double-digits to low teens in 2024....
...The company said it still expected to make a pre-tax profit of £960mn on full-price sales increases of 2.5 per cent in 2024....
...Chancellor Jeremy Hunt is set to be handed a multibillion-pound boost by official forecasters next week, paving the way for a package of pre-election tax cuts....
...The UK economy is predicted to grow by only 0.8 per cent this year and 1.9 per cent in 2025. In per-person terms the picture is more pessimistic still....
...Analyst consensus for full-year pre-tax profit, set to be reported in May, has risen by more than a quarter. Interest in House of Flame and Shadow has also pushed up sales of Maas’s back catalogue....
...It continued to underperform its pre-pandemic trend as well as its pre-financial crisis trends....
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