D-Day for Ireland as yields rise

first_img whatsapp Share KCS-content whatsapp Wednesday 29 September 2010 11:51 pm More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼ Tags: NULL THE full cost of the 2008 banking crisis in Ireland will be laid bare today with the republic’s government expected to admit that bailing out Anglo Irish Bank will exceed €35bn (£30.2bn) – more than 20 per cent of Ireland’s GDP.Ahead of today’s announcement, detailing the extent of a fresh recapitalisation, embattled Irish Prime Minister, Brian Cowen, yesterday conceded that Ireland had no choice but to act. “Any Anglo failure would bring down the sovereign,” he said.The bailout of Anglo Irish is being closely watched by the markets, as ratings agency Standard & Poor’s has already warned that if it tops €35bn it could put the country at risk of a further downgrade on its debt rating.Ireland’s cost of borrowing, which reached a record high of close to 6.8 per cent on Tuesday, was again at near-record levels yesterday.The European commission has tried to calm concerns that Ireland might need a Greek-style bailout, but European economic and monetary affairs commissioner, Olli Rehn has ordered the Irish government to set out specific budget reforms to achieve billions in savings by 2014. “The government has shown consistently our preparedness to do what is necessary to ensure there is international confidence in the direction in which the economy is taking,” Cowen added yesterday. D-Day for Ireland as yields rise last_img read more

Google: Street View cars did pick up emails

first_img Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition KCS-content GOOGLE is to be reinvestigated by the Information Commissioner’s Office after admitting its “Street View” cars around the world accidentally collected more personal data than previously disclosed – including complete emails and passwords.A spokesman for the ICO, which finished an initial investigation in May, said: “We will be making enquires to see whether this information relates to the data inadvertently captured in the UK, before deciding on the necessary course of action, including a consideration of the need to use our enforcement powers.” Six months ago, the ICO was granted new powers. It can impose fines of up to £500,000 for privacy breaches.Google’s disclosure and apology come just days after Canada’s privacy watchdog said Google had collected complete emails and accused the company of violating the rights of thousands of Canadians.Regulators in France, Germany and Spain, among others, have opened investigations into the matter. A coalition of more than 30 state attorneys general in the United States have also launched a joint probe.“If in fact laws were broken…then there’s some serious question of culpability and Google may need to face significant fines,” said Marc Rotenberg, the executive director of the Electronic Privacy Information Center, a Washington DC-based privacy advocacy group. whatsapp Sharecenter_img Sunday 24 October 2010 10:24 pm Tags: NULL Google: Street View cars did pick up emails Show Comments ▼ whatsapplast_img read more

Higher business spending aids Intercontinental

first_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.com KCS-content Share Higher business spending aids Intercontinental DESPITE talk of a double-dip recession in the US, the noises coming from corporate America are increasingly positive. Take technology giant Intel, which recently said firms were beginning to ramp up their IT spend, despite nearly two years of hibernation. Now Intercontinental is hailing the return of the business traveller, leading to a dramatic recovery in Americas revenue per available room (revpar) for the third quarter?– the hotel industry’s preferred yardstick for performance. Budget brands Holiday Inn (up 7.9 per cent) and Holiday Inn Express (up 6.8 per cent) also performed well, although this was largely due to a refurbishment. Revpar at unrefurbished Holiday Inns was up just 2.2 per cent while branches of Holiday Inn Express that didn’t get a makeover added 3.9 per cent.Crucially, it was the hotelier’s upmarket brands that outperformed the rest of the group. Revpar at Intercontinental and Hotel Indigo-branded hotels was up 11.8 per cent. Neither of these brands was relaunched, suggesting that the improved figures are a result of higher business spending, and not a relaunch. That’s good news for Intercontinental’s shares, which are now even more attractive. But it also suggests corporate America is on the mend – despite what the doomsayers think. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoveryUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndocenter_img whatsapp whatsapp Show Comments ▼ Monday 25 October 2010 8:03 pm Tags: NULLlast_img read more

Belgium eyed as next potential country to fall

first_img whatsapp whatsapp KCS-content FEARS that Belgium could be the next country heading for financial crisis intensified yesterday after the cost of insuring its debts rose to record levels.The premium to insure Belgium’s debts rose five per cent yesterday, meaning it now costs £155,000 for an investor to insure £10m of Belgian bonds against possible default. The cost for Spain and Portugal rose to £312,000 and £510,000 respectively. “Belgian is having to pay a political risk premium because it still doesn’t have a government in place to make decisions on how to curb its spending and debts,” said one analyst. A Belgain government spokesman yesterday denied that the country was at risk. Share Belgium eyed as next potential country to fall by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndocenter_img Show Comments ▼ Wednesday 24 November 2010 9:02 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULLlast_img read more

No let-up for Londoners as snow and frost cause chaos

first_img No let-up for Londoners as snow and frost cause chaos whatsapp LONDONERS are expected to face another day of travel mayhem today, with the snowy weather forecast to continue until the end of the week. Transport for London said last night that no disruption to the Tube service was currently forecast, but conditions could change overnight. London Overground trains were disrupted yesterday and are unlikely to operate normally today. Transport for London said tickets will be accepted on trains and buses on any reasonable route. National Rail said the worst-hit lines – Southeastern, East Coast, ScotRail and services south of the Thames – will be treated tonight by “ghost trains” using anti-freeze to clear the routes. A spokesperson said more than two-thirds of rail services nationwide ran on time yesterday, but that disruption today was “almost certain”. Heathrow Airport said last night it was operating normally, but that some airlines were cancelling or delaying flights. London City airport cancelled a string of flights yesterday.Gatwick closed its runway late last night to clear the snow and frost, and said it hoped to run services today. Businesses are likely to face further absenteeism as hundreds of schools in the capital shut in the face of freezing weather. Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldMoneyPailBurning Money: Common Cars Rapidly DepreciatingMoneyPailArticles StoneLittle Boy Was In Disbelief After Knowing What His Painting’s WorthArticles StoneAdventure CrunchHere Are the Most Famous Pro Wrestlers From the Past TodayAdventure CrunchFinance BLVDThis Star from ‘Gilligan’s Island’ is 101 & lives a humble life nowFinance BLVD Tuesday 30 November 2010 8:48 pm KCS-content whatsapp Tags: NULLlast_img read more

Shop prices kept in check

first_img whatsapp Shop prices kept in check Tags: NULL INTENSE competition between retailers in the run up to Christmas is driving down shop price inflation, new figures reveal today. Shop prices are rising at a much slower rate than overall inflation, the Shop Price Index (SPI) showed.For the first time in five months year on year shop price inflation actually fell, down to two per cent in November from 2.2 per cent in October – considerably below overall Consumer Price Index (CPI) inflation, which hit 3.2 per cent in October.But in shops, even food price inflation fell, down from 4.4 per cent in October to four per cent last month. This is despite commodity prices driving up food costs globally. In China food inflation hit 10.1 per cent in October, provoking concern over the welfare of the country’s poor.“A fall in [UK] food inflation shows the highly competitive grocery market is keeping costs down,” said Stephen Robertson of the British Retail Consortium (BRC), which compiled the data with market researchers Nielsen.And non-food inflation fell below one per cent, to 0.9 per cent.As retailers scramble for business, special offers are being offered well in advance of the traditional time for sales after Christmas, Robertson said. According to the data, 38 per cent of fast moving consumer goods are being sold on special offer, an all-time high.On 4 January the government will increase VAT to 20 per cent, potentially dampening sales. “We expect retailers to keep promoting and discounting,” said Mike Watkins of Nielsen. KCS-content Tuesday 7 December 2010 9:00 pm Show Comments ▼ whatsapp More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Sharelast_img read more

Rank sees figures come in at top end of forecasts

first_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPuffer fish snaps a selfie with lucky divernypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com whatsapp GAMING firm Rank Group said it expects its earning per share to be towards the top end of analysts’ forecasts for 2010, although it added that the outlook for next year remains challenging.It said analysts’ estimates for adjusted earnings per share were 9.5p to 9.8p, with a mean average of 9.6p.“The outlook for 2011 remains challenging with the increase in the standard rate of VAT and public-sector redundancies likely to have a negative effect on consumer sentiment in Great Britain,” the company said in a statement. Rank, owner of Mecca bingo halls and Grosvenor casino chains, reported a three per cent gain in like-for-like revenue for the nine weeks to 5 December. For the year to week 49, revenue was up seven per cent, or four per cent on a like-for-like basis, mainly helped by continued strong trading in Grosvenor Casinos. KCS-content Share Show Comments ▼ Tags: NULL Rank sees figures come in at top end of forecasts whatsapp Thursday 9 December 2010 7:11 pmlast_img read more

Management have bungled defence

first_img Share KCS-content whatsapp Management have bungled defence Tags: NULL whatsapp Show Comments ▼ IS this the most bungled takeover defence in corporate history? First, De La Rue managed to irk shareholders by keeping Oberthur’s approach under its hat for a whole month. Now management refuses to say whether it has been excluded from bidding for a key banknote printing contract from the Indian government. We think that De La Rue’s silence speaks volumes. According to Oberthur, there was recently a tender for 16,000 tonnes of Indian banknote printing, equivalent to the entirety of De La Rue’s current contract. If the French suitor is right, the situation is far worse than shareholders thought. Analysts at UBS were predicting De La Rue would lose 8,000 tonnes, or around half, of the contract in the future. If De La Rue has lost out on the Reserve Bank of India (RBI) deal, which won’t be re-tendered for another 12-18 months, Oberthur’s 905p indicative offer looks increasingly attractive.?In fact, it is the only thing propping up the stock, which closed at 836p yesterday.Analysts at Olivetree Securities reckon there is some 200p downside should Oberthur walk away, while Merrill Lynch sees the stock falling to 620p. Either way, it won’t be pretty. De La Rue claims it is winning new business at the same rate as last year. But there is no way that new wins can fill the gaping hole left behind by the RBI contract. Oberthur’s overtures might be supporting the stock for now, but the French firm has some talking of its own to do. It is still unclear how it could fund a bid; if it were to use debt, the combined firm would be painfully geared, with net debt of around five times earnings. Only the most daredevil shareholders will wait around to see if Oberthur is for real. Wednesday 5 January 2011 7:57 pm More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

Kesa Xmas sales dragged down by Comet

first_imgWednesday 19 January 2011 3:17 am Tags: NULL Kesa Xmas sales dragged down by Comet by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp whatsapp Sharecenter_img Show Comments ▼ John Dunne More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Comet owner Kesa Electricals has reported a drop in sales due to “softer trading” at the UK chain caused in part by bad weather.Like-for-like sales across the group, which also owns Darty France, fell by four per cent, with sales at Comet down 7.3 per cent.Like-for-like sales at Darty fell 1.8 per cent, while total group sales were down 1.6 per cent between 1 November and 18 January.Full year pre-tax profits would be at the lower end of expectations, the group said. However the figure would be an improvement on the previous year, the company said.Despite the fall in like-for-like sales, which strip out the impact of sales at new stores, online sales across the group rose by 11 per cent.And despite the sharp fall in Comet sales for the period, the UK chain posted “record trading between Boxing Day and New Year,” Kesa said.The company also said it had agreed a new credit facility worth 455m euros (£383m) on improved terms.This would reduce interest payments by about 500,000 euros in the current financial year, and by about 3m euros in subsequent years, it estimated.Kesa chief executive Thierry Falque-Pierrotin said: “Against a background of increased competitiveness, Darty France and the other established businesses delivered a robust performance, offset by softer trading at Comet and the developing businesses.” last_img read more

Traditional two-storeys boost developer

first_img whatsapp Monday 7 February 2011 9:00 pm DURING the debt-fuelled property boom, developers built endless blocks of flats. Many of these were located in so-called “regeneration” areas, downtrodden urban wastelands on the edge of Britain’s former industrial cities like Manchester and Sheffield; many now stand empty, a testament to the industry’s collective stupidity. Part of the problem was central government-imposed housing density targets, which encouraged developers to build one-and-two bedroom flats rather than family homes.These targets have since been scrapped by the coalition government, and Bellway yesterday thanked a shift away from apartments to traditional two-storey houses for “encouraging” trading in January. All in all, it was a solid first-half performance, with completions up 3.8 per cent year-on-year. The average selling price was up from £156,000 to £168,000, and operating margins are up 100 basis points year on year. RBS estimates that profit was around 27 per cent higher, against guidance in the December statement for growth in the region of 20 per cent. The outlook also appears to be improving. Bellway is the first in the sector for some time to report a higher order book, with orders up three per cent year-on-year to £402m. Taken together with better first half sales, this suggests the group is being slightly too conservative when it says it expects volumes to be flat this year, although profit growth will largely come from recovering prices and higher margins. With the shares trading on around 0.72 times 2011 net asset value – bang in line with the sector – we would suggest cautious buying going forward. whatsapp KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo Sharecenter_img Show Comments ▼ Traditional two-storeys boost developer More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.com Tags: NULLlast_img read more