UK housebuilder Persimmon raises full-year outlook despite cost pressures, citing readiness to benefit from Prime Minister Andy Burnham's housing policy agenda, aiming for 12,500 new homes by year-end.
The UK housing market is poised for a prolonged period of stagnant house prices due to elevated mortgage costs, geopolitical tensions, and domestic political uncertainty, according to Bloomberg's analysis of RICS survey data. Buyer activity is slowing, with little expected movement in prices over the next three months.
The UK housing market is experiencing a slowdown due to concerns over rising inflation and mortgage rates linked to the Middle East conflict, with reduced buyer inquiries, slower sales, and price sensitivity, according to the RICS survey.
Diageo shares rose 2% after Trump announced removal of 10% tariffs on Scotch whisky in honor of King Charles. UK house prices unexpectedly increased 0.4% in April with annual growth reaching 3.0%, while NatWest reported Q1 profits of £1.4bn despite setting aside £140m for potential economic worsening.
