Telford Homes Share News (TEF)
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TEFWed, 01st Jun 2016 08:36
(ShareCast News) - AIM-listed residential property developer Telford Homes has exchanged contracts for the sale of its third build-to-rent development, The Forge, to M&G Real Estate for £48.6m. The sale of the property on Redclyffe Road in East London is on a forward-funded basis and will comprise a
Read more(ShareCast News) - Canaccord Genuity upgraded Telford Homes to 'buy' from 'hold' and raised its price target to 360p from 330p. "We are encouraged by recent trading trends and the flexibility over the balance sheet management offered by the increasing use of Build to Rent deals," Canaccord said. No
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(ShareCast News) - Residential property developer Telford Homes reported a drop in interim pre-tax profit but said it remains confident of meeting current market expectations for reported profit in the year to the end of March 2017. In the six months to the end of September, pre-tax profit slumped t
Read more(ShareCast News) - The biggest barrier for two-thirds of small and medium sized building firms was the lack of available land, according to a new industry survey, which has resulted in a skewing of the market towards larger operators in recent decades. For the second year in a row, small and medium-
Read more(ShareCast News) - UK house builders are topping the FTSE 100 leaders ladder today thanks to Persimmon's chipper interims, prompting some to highlight the sector's 2016 potential. The sector has turned in a lumpy performance over the past 12 months, but it had zipped higher after a dive immediately
Read more(ShareCast News) - London-focused residential property developer Telford Homes posted full-year revenue of £245.6m in the year to 31 March on Friday, up from £173.5m. Pre-tax profit for the year exceeded original market expectations and increased by 28% to £32.2m, up from £25.1m in 2015. The AIM-tr
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