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The UK property market has been firing on all cylinders, thanks to low mortgage rates, the stamp duty holiday and savings accumulated in the pandemic. Many buyers have also made the decision to move out of major cities.
HOME BUILDER SOLD
Keepmoat Homes has been snapped up by a private equity company, dashing hopes that the housebuilder could have listed on the London Stock Exchange. Private equity firm Aermont Capital has bought the Doncaster affordable homes builder for £700m, according to Sky News. Keepmoat, the UK’s seventh-biggest housebuilder, was tipped for a flotation but Aermont saw off bids from Apollo Global Management, Patron Capital and Guy Hands’s Terra Firma Capital Partners to secure the deal. The company was bought by Sun Capital and TDR Capital in 2014 from Lloyds.
Top UK Stocks to Watch: Taylor Wimpey shares rise on record results
Joshua Warner August 4, 2021 8:37 AM
Taylor Wimpey builds a record number of homes, Legal & General eyes double-digit profit growth this year, Morgan Sindall says earnings have surpassed pre-pandemic levels, Ferrexpo hikes its dividend over 200%, and THG ups expectations after buying Cult Beauty. Share:
Top News: Taylor Wimpey to hit top end of expectations in 2021
Housebuilder Taylor Wimpey said it will hit the top-end of expectations this year as it capitalises on the favourable market conditions by building a record number of homes as completions bounced back after being hit last year by the pandemic.