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Share Price Information for M Winkworth (WINK)

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Share Price: 195.00
Bid: 190.00
Ask: 200.00
Change: 0.00 (0.00%)
Spread: 10.00 (5.263%)
Open: 195.00
High: 195.00
Low: 195.00
Prev. Close: 195.00
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Infrastructure spending good for housebuilders, contractors, bad for letting agents

Thu, 24th Nov 2016 15:58

(ShareCast News) - Funding outlined in the Autumn Statement could be good for alternative housing providers, contractors, but potentially problematic for mainstream housebuilders, and bad for letting agents, according to broker Stockdale.In the mini-budget on Wednesday, Chancellor Philip Hammond said there will be an additional £3.7bn in funding to build new housing and £1.1bn for roads, which could boost contractors and housing providers.But the ban on letting agents charging fees to tenants put estate agents on the back foot on Wednesday as he announced the proposal. This would save 4.3m households hundreds of pounds a year.The Chancellor set out a £2.3bn housing infrastructure fund to build 100,000 homes and an £1.4bn grant for 40,000 affordable homes in areas in need. Before the statement, the government also set out a £3bn home building fund and a £2bn accelerated construction scheme, in addition to the new measures.The broker said housebuilders Galliford Try and Kier could benefit as well as material producers, especially brick makers, such as Forterra.Whereas the letting fee ban could affect estate agent Foxtons, whose share price fell 14% on Wednesday, and Countrywide, which dipped 6%, while M Winkworth would only have a "modest exposure" to the policy.AIM-listed Belvoir Lettings said on Thursday that it could not predict the effect of not charging letting fees yet, but it "anticipates that mitigating action should be possible over time".Stockdale said there was also a lift for roads, rail and telecommunication firms with £1.1bn for roadbuilding, £140m for the Oxford-Cambridge link and £290m for an acceleration of broadband roll-out across the UK.Roads focused contractors such as Kier and Costain could stand to gain.
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4 Feb 2016 15:13

Property market helps Winkworth pass 100-office mark

(ShareCast News) - The UK's relatively buoyant property market made for a good start to the year at M Winkworth on Thursday, with the AIM-traded real estate franchisor passing the 100-office mark. Winkworth reported it was opening new offices in the first quarter in Colindale, Potters Bar and Milfor

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4 Feb 2016 08:47

Winkworth Hails Strong Start To 2016 With New Office Openings

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5 Jan 2016 17:15

DIRECTOR DEALINGS SUMMARY: Winkworth CEO Buys 4,500 Shares

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11 Nov 2015 12:17

LONDON MARKET MIDDAY: Experian, SABMiller Lead Gains; Sainsbury's Down

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11 Nov 2015 10:41

WINNERS & LOSERS SUMMARY: ICAP Rises And Tullett Falls As Deal Agreed

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11 Nov 2015 09:48

Winkworth Warns On Profit As Post-Election Uptick Fails To Materialise

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8 Sep 2015 09:46

M Winkworth Profit Hit By Election Uncertainty But Trading Now In Line

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14 Apr 2015 10:39

M Winkworth Profit Grows On Back Of Franchise And Country Office Sales

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2 Dec 2014 09:55

Winkworth predicts tough start to 2015 housing market

Estate agent group M Winkworth forecast a quiet start to the property market next year, but said it expected prices and sales to pick up in the second half. Winkworth predicted a 5% fall in central London house prices in the first half of next year and flat prices in the year as a whole. Suburban Lo

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10 Sep 2014 07:50

M Winkworth Says Gaining Market Share As First-Half Profit Increases

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30 Apr 2014 14:09

DIRECTOR DEALINGS: Winkworth Chief Executive Buys 5,000 Shares

LONDON (Alliance News) - M Winkworth PLC Wednesday said Chief Executive Dominic Agace bought 5,000 shares at a price of 168 pence per share. Following this transaction, Agace now holds 546,128 shares, which represents 4.3% stake in the firm. Shares in the real estate company were up 0

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29 Apr 2014 12:08

Winkworth Full-Year Revenue Rises As Property Market Growth Continues

LONDON (Alliance News) - M Winkworth PLC said Tuesday pretax profit jumped in its full-year as the firm benefited from dynamic growth in the residential property market. The London-focused estate agency said pretax profit rose 57.9% to GBP1.7 million from GBP1.1 million last year, and reven

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17 Dec 2013 07:40

Winkworth sees annual revenue topping hopes

The booming UK housing market is set to drive better-than-expected annual revenue at British estate agent franchisor M Winkworth. Winkworth said improving sales and strong price rises in the London market drove a 24% rise in group revenue in the third quarter of the year. "Directors of the company

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29 Nov 2013 16:56

One sells as another buys on Winkworth board

Winkworth, an AIM-listed franchisor of residential real estate agencies, announced deals made by two of its directors on Friday. Chief Executive Officer, Dominic Agace, acquired 3,000 shares at 163p each, taking his interest to 541,128, equal to a 4.3% stake. Meanwhile, the wife of Simon Agace,

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7 Nov 2013 16:01

Meggitt CFO restores some faith after more than doubling stake

Meggitt's Chief Financial Officer helped lift the share price higher on Thursday after growing his stake in the aerospace and defence manufacturer. The purchase of 15,000 shares at 505.38p each came one week after the group served up a double dose of bad news for investors, when it told them tradi

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