REGISTER: Hear how Blencowe Resources (BRES) plans to develop a World Class graphite Project. Find out at the focusIR Feb Investor Webinar. Sign up here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksPz Cussons Share News (PZC)

Share Price Information for Pz Cussons (PZC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 86.90
Bid: 86.50
Ask: 86.90
Change: 0.40 (0.46%)
Spread: 0.40 (0.462%)
Open: 85.30
High: 87.50
Low: 85.30
Prev. Close: 86.50
PZC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TOP NEWS: Barratt Developments sales fall as UK housing market slows

Wed, 11th Jan 2023 10:11

(Alliance News) - Barratt Developments PLC on Wednesday said it performed strongly in the first half of its financial year, though it warned that the UK housing market has suffered a slowdown.

In the six months to December 31, total home completions, including joint ventures, rose annually to 8,626 from 8,067.

Barratt's sales rate weakened, however, to 0.44 net private reservations per active outlet per week from 0.79 a year earlier.

The total forward order book is worth GBP2.54 billion, down from GBP3.79 billion a year prior.

Barratt added: "Assuming net reservation rates increase in line with normal spring trading patterns to around 0.50 homes per active outlet per week, we will remain on track to deliver consensus total home completions of 17,475."

The company warned that home completions will be below consensus and in the range of 16,000 to 16,500 should there not be a spring housing market recovery.

"We have taken a number of actions to respond to current market conditions, including significantly reducing land approvals, pausing recruitment of new employees and introducing further controls for new site openings to manage our working capital deployment," Barratt said.

Looking ahead, Barratt warned the uncertainty of outlook for the second half of financial 2023 with homebuyer confidence and the availability and competitive pricing of mortgages critical to the health of the UK housing market in the coming months.

In addition, Barratt named Caroline Silver as its next chair, succeeding John Allan on September 6. Alan will leave the board, having served for nine years. Silver joins the board as a non-executive director from June 1.

Silver currently is chair of consumer goods firm PZ Cussons PLC but will step down on March 31. She also is a non-executive director of grocer Tesco PLC. As an executive, Silver was an investment banker, working at Morgan Stanley and Merrill Lynch.

Barratt shares were down 1.1% at 418.80 pence each on Wednesday morning in London.

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
11 Feb 2025 10:45

SMALL-CAP WINNERS & LOSERS: PZ Cussons ups outlook; S&U falls

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

Read more
11 Feb 2025 09:40

PZ Cussons back in profit, and on track, as sales rise in core markets

(Alliance News) - Shares in PZ Cussons PLC jumped on Tuesday after the maker of Carex raised its outlook for full-year operating profit.

Read more
11 Feb 2025 07:53

PZ Cussons swings to first-half profit, shares rally

(Sharecast News) - PZ Cussons rallied on Tuesday after the Imperial Leather maker said it had returned to profit in the first half and remains on track to meet full-year expectations.

Read more
11 Feb 2025 07:46

LONDON BRIEFING: BP profit declines and says to "fundamentally reset"

(Alliance News) - London's FTSE 100 is called to open a touch lower on Tuesday, before central bankers move into focus, with both the Bank of England's Andrew Bailey and Federal Reserve Chair Jerome Powell due to speak.

Read more
4 Feb 2025 14:22

UK earnings, trading statements calendar - next 7 days

Read more
5 Dec 2024 07:59

LONDON BRIEFING: Vodafone-Three deal green lit; Shell and Equinor team

(Alliance News) - London's FTSE 100 is called to open slightly lower on Thursday, despite US stocks spiking to record highs overnight.

Read more
4 Dec 2024 18:15

TOP NEWS: Retail pair and under-pressure Vistry booted out of FTSE 100

(Alliance News) - Frasers Group PLC has been relegated from the FTSE 100 index in its latest quarterly shuffle alongside two constituent peers, housebuilder Vistry Group PLC and variety goods retailer B&M European Value Retail SA.

Read more
27 Nov 2024 14:25

UK dividends calendar - next 7 days

Read more
27 Nov 2024 11:09

Oxford Nanopore teams up with UK Biobank on epigenetic dataset

(Alliance News) - Oxford Nanopore Technologies PLC on Wednesday said it is collaborating with UK Biobank for an "epigenetic dataset targeting the causes of cancer, dementia, complex disease".

Read more
27 Nov 2024 09:52

LONDON BROKER RATINGS: Jefferies cuts boohoo; Coca-Cola HBC raised

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

Read more
27 Nov 2024 09:49

TOP NEWS: Vistry set for FTSE 100 exit after profit warnings

(Alliance News) - Vistry Group PLC is set to be demoted from the FTSE 100, with retailers Frasers Group PLC and B&M European Value Retail SA leaving with it, after a pair of warnings rocked investor confidence in the housebuilder.

Read more
27 Nov 2024 08:11

CORRECT: easyJet profit up; Just Eat Takeaway eyes London exit

(Correcting time of US data releases.)

Read more
27 Nov 2024 07:54

LONDON BRIEFING: easyJet profit up; Just Eat Takeaway eyes London exit

(Alliance News) - Stocks in London are set to nudge a touch higher on Wednesday, recovering some lost ground after declining on Tuesday amid the threat of tariffs from incoming US president Donald Trump.

Read more
27 Nov 2024 06:55

LONDON MARKET EARLY CALL: FTSE 100 to tread water before US data

(Alliance News) - Stocks in London are set to tread water on Wednesday, amid a hangover from a US tariff threat which sent equities lower on Tuesday,

Read more
21 Nov 2024 11:40

PZ Cussons shares rise as trades in line with expectations

(Alliance News) - PZ Cussons PLC on Thursday hailed favourable trends as revenue is expected to grow comfortably.

Read more

Free Investment Tools

Register for FREE

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.