The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCSP.L Share News (CSP)

  • There is currently no data for CSP

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Countryside Properties remains confident for 2017 despite Brexit uncertainty

Thu, 26th Jan 2017 09:12

(ShareCast News) - Countryside Properties quarterly completions rose as its average selling price increased with the housebuilder confident for its full year results despite economic uncertainty over Brexit.The company said that as outlet growth and net reservation rates have remained strong throughout the first quarter, it is confident in meeting both half year and full year results with some weakness at the top end of the market being compensated for by strong performance at lower price points.It said: "While there remains some uncertainty over the Brexit transition, strong customer demand, low interest rates and continued government support give us great confidence that we remain firmly on track to deliver our medium term growth targets."For the quarter ended 31 December, the total completions were up 23% to 581 units, from the previous year.The sales price growth rose 4% to a private average selling price of £443,000, from £507,000.Net reservation rates increased 20% at 0.73 and open sales outlets were up 44% to 46.The FTSE 250 company's private forward order book was up 76% to £292.9m.In the partnerships division, total completions were up significantly in the quarter, which the company said positions the business to deliver on its growth plans for the year. It secured 1,498 plots in the quarter and the bid pipeline was up 12% to 37,410 compared with 30 September 2016.The housebuilding division saw "robust growth" in completions. The division secured secured a further 2,088 plots and have increased plots with planning by 1,965 to 11,172.In line with the company's plan, our private average selling price in the housebuilding division has been managed lower to ensure affordability.Chief executive Ian Sutcliffe, said: "Our balanced and differentiated business model positions us well to deliver growth, capital efficiency and long term resilience. We continue to see further significant opportunity in the partnerships division and strong growth in our housebuilding division."Shares in Countryside Properties were down 0.08% to 237.80p at 0858 GMT.
More News
11 Nov 2022 11:56

IN BRIEF: Vistry completes takeover of Countryside Partnerships

Vistry Group PLC - Kent, England-based housebuilder - Completes GBP1.25 billion acquisition of Essex-based operative builders company Countryside Partnerships PLC. On Thursday, High Court of Justice in England & Wales sanctioned the takeover, with Countryside shares being suspended since Friday morning. Vistry applies to admit 127.4 million new shares on the premium listing segment of the official list and to trading on the London Stock Exchange's main market. It expects trading to take place on Monday morning. Vistry stays in the FTSE 250 following the takeover.

Read more
8 Nov 2022 18:39

RPS Group to join FTSE 250, as Vistry buys Countryside Partnerships

(Alliance News) - Countryside Partnerships PLC will leave the FTSE 250 index on Friday, as its takeover by midcap peer Vistry Group PLC takes effect

Read more
25 Oct 2022 15:54

UK shareholder meetings calendar - next 7 days

Wednesday 26 October 
JPMorgan Global Growth & Income PLCAGM
KCR Residential REIT PLCAGM
International Consolidated Airlines Group SAEGM aircraft purchase
Mid Wynd International Investment Trust PLCAGM
Mirada PLCAGM
Omega Diagnostics Group PLCAGM
Thursday 27 October 
Alumasc Group PLCAGM
Anglesey Mining PLCAGM
Brooks Macdonald Group PLCAGM
City Of London Investment Trust PLCAGM
Filtronic PLCAGM
Hargreaves Services PLCAGM
National Milk Records PLCAGM
Ovoca Bio PLCAGM
PCI-PAL PLCAGM
Provexis PLCAGM
Real Good Food PLCAGM
South32 LtdAGM
TheWorks.co.uk PLCAGM
TruSpine Technologies PLCAGM
Tufton Oceanic Assets LtdAGM
Wesfarmers LtdAGM
Friday 28 October 
ITM Power PLCAGM
Kibo Energy PLCAGM
Mattioli Woods PLCAGM
Shepherd Neame LtdAGM
Tirupati Graphite PLCAGM
The Investment Co PLCAGM
Monday 31 October 
Aberforth Split Level Income Trust PLCAGM
B&M European Value Retail SAGM appointment of directors
Brown Advisory US Smaller Cos PLCAGM
City of London Investment Group PLCAGM
GSTechnologies LtdAGM
London Finance & Investment Group PLCAGM
M&C Saatchi PLCGM re takeover offer from Next Fifteen Communications
Springfield Properties PLCAGM
Superdry PLCAGM
Tavistock Investments PLCAGM
Time Finance PLCAGM
Tuesday 1 November 
Allied Minds PLCGM delisting of shares
Capita PLCGM re disposal of Pay360 Ltd
Countryside Partnerships PLCGM admission of the New Vistry Shares
JPMorgan Mid Cap Investment Trust PLCAGM
KR1 PLCAGM
Ikigai Ventures LtdAGM
Murray Income Trust PLCAGM
OPG Power Ventures PLCAGM
VietNam Holding LtdAGM
Vistry Group PLCGM Countryside acquisition
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
25 Oct 2022 11:03

Jefferies slashes targets for UK housebuilders to reflect downturn scenarios

(Sharecast News) - Analysts at Jefferies took an axe to their target prices for several of the UK's largest homebuilders, telling clients that bottom fishing in the sector might prove premature as industry data had yet to reveal the full extent of the recent financial and political turmoil.

Read more
24 Oct 2022 10:12

LONDON BROKER RATINGS: HSBC raises BP, Land Securities, British Land

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday afternoon:

Read more
14 Oct 2022 09:47

Vistry appoints Countryside Partnerships Tim Lawlor as finance chief

(Alliance News) - Kent, England-based housebuilder Vistry Group PLC on Friday appointed Countryside Partnerships PLC's Chief Financial Officer Tim Lawlor into the same role, ahead of its GBP1.25 billion merger with Countryside Partnerships.

Read more
14 Oct 2022 07:33

Vistry COO steps down ahead of proposed Countryside merger

(Sharecast News) - Housebuilder Vistry said on Friday that chief operating officer Graham Prothero will stand down from the group following the completion of its proposed combination with Countryside Partnerships.

Read more
26 Sep 2022 10:06

LONDON BROKER RATINGS: Berenberg likes OSB; JPMorgan cuts BP

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
21 Sep 2022 09:37

LONDON BROKER RATINGS: Citigroup cuts Flutter to 'neutral' from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
5 Sep 2022 16:55

LONDON MARKET CLOSE: Miners, oil majors and defence shield FTSE 100

(Alliance News) - A resilient FTSE 100 grew in confidence and edged marginally higher on Monday, though European peers struggled, in a downbeat session dominated by energy supply worries on the continent.

Read more
5 Sep 2022 12:35

REPEAT: LONDON MARKET MIDDAY: PMIs, Gazprom send European stocks lower

(Correcting that New York is closed for holiday on Monday.)

Read more
5 Sep 2022 12:15

LONDON MARKET MIDDAY: Rough PMIs, Gazprom send European stocks lower

(Alliance News) - Stock markets were being sold off on Monday, after Russia cut off gas supply via a key pipeline and a series of private sector surveys confirmed the damage being done to the European economy.

Read more
5 Sep 2022 09:06

TOP NEWS: Vistry to buy Countryside Partnerships for GBP1.25 billion

(Alliance News) - Vistry Group PLC on Monday announced it is buying Countryside Partnerships PLC, a Brentwood, Essex-based housebuilder and urban regeneration company.

Read more
5 Sep 2022 08:48

LONDON MARKET OPEN: Countryside and Vistry sign GBP1.3 billion merger

(Alliance News) - Stocks in London were under pressure at the opening bell on Monday, as the mood turned sour on Friday evening after Russia shut off access to a key gas pipeline.

Read more
5 Sep 2022 07:51

LONDON MARKET BRIEFING: Gazprom's move gets week off to bumpy start

(Alliance News) - Stocks in London are set to kick off the new week on the back foot, as Russia's move to stop gas deliveries to Europe is giving investors pause, amid growing fears of an energy crisis.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.