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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: 5.00 (2.56%)
Spread: 10.00 (5.263%)
Open: 195.00
High: 200.00
Low: 200.00
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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7 Nov 2013 15:31

DIRECTOR DEALINGS: M Winkworth Non-Executive Director Sells Shares

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17 Jul 2013 16:22

Wife of Winkworth Chairman sells shares

The wife of Simon Agace, the Non-Executive Chairman of AIM-listed estate agent Winkworth, has sold off 40,000 shares in the company, the firm announced on Wednesday. The sale took place on Monday as shares in Winkworth, which first debuted on the stock market in November 2009, were trading at an al

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20 May 2013 13:28

Winkworth expands empire into India

Estate agent M Winkworth has launched an expansion programme across the Indian subcontinent with the opening of a first office in Bangalore. The London estate agency plans to open offices across all major cities in India, with Chennai and Delhi branches planned for later this year. Winkworth st

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2 Apr 2013 16:24

Experian Chairman reduces stake

Sir John Peace, the Chairman of FTSE 100 information services company Experian, has reduced his stake in the company by 200,000 shares. Peace, who is also the Chairman of Burberry Group and Standard Chartered, disposed of the shares at 1,145.89p each, earning himself in the region of £2.29m. The

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