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Housebuilder bonuses: have bosses lost the plot?

2010-04-08T10:15:00Z

This week saw housebuilder Bovis Homes give 95,000 shares to chief executive David Ritchie in place of a cash bonus. The 拢282m turnover housebuilder said a cash bonus would be 鈥渋nappropriate鈥� given the state of the market.In a week when the Association of British Insurers made rumblings about the excesses ...

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Is Persimmon afraid of the big bad City wolves?

2009-01-07T10:04:00Z

This fortnight sees the big housebuilders update the City on just how appalling they think 2009 will be.It can't be a fun prospect.After a dozen or so highly numerate analysts have picked holes in their powerpoint presentations, most chief execs and FD's will probably need a quick single malt before ...

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Which "consensus" forecast do you believe?

2008-10-31T11:28:00Z

A few analysts were left scratching their heads following Persimmon's trading update on Monday.The uncertainty surrounded its pre-tax profit forecast of 拢135m-ish for 2008.According to FD Mike Killoran it was the market's consensus forecast (the average of several analysts' figures).Not according to one City number-cruncher. "Most forecasts I am aware ...

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Taylor Wimpey update update

2008-10-30T10:38:00Z

There is a degree of uncertainty surrounding the date of Taylor Wimpey's next trading update - but what can we read into it?While Persimmon brought theirs forward this week and Barratt and Redrow are pencilled in the diary for November, there is no word from TW on a date yet.It ...

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Housebuilding bonuses under scrutiny

2008-10-27T11:52:00Z

When the Redrow board announced it was taking a combined 拢271,000 in performance bonuses this year, even a few City analysts raised an eyebrow.Not known for their readiness to criticise the bonus culture, some questioned how it would look after a year of mass redundancies and, more to the point, ...

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Media plays down housing crisis - 160,000 house building jobs to go

2008-07-09T13:22:00Z

Not a headline you might expect. And let's hope the house building industry doesn't shed 160,000 jobs, but it is looking ever more likely.First let's get one thing out of the way. The media is blamed for hyping the crisis we now find ourselves in. To hold that view is ...