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Tworzenie stron wwwBritain's housebuilders are building fewer homes in the face of tighter mortgage lending and an uncertain price outlook, but slashing volumes and costs may not be enough to lure back investors to the battered sector. Britain's major builders completed fewer homes last year - about 76,000, down around 10 per cent on 2006 - as higher interest rates and the global credit crunch drove away buyers. And things are set to get worse, with analysts predicting 10-16 per cent fewer new homes this year, a price fall of around three to five per cent and a drop of some 20 per cent in transactions. Such worries have pushed shares of major house builders including Barratt and Taylor Wimpey down more than 50 per cent in the past six months. The stocks have recouped some of the losses since mid-January, as value investors entered the market, but analysts warn of tougher times ahead and prolonged volatility, as data so far sends mixed signals on the market conditions. "Tighter credit is the major constraint, and this is unlikely to change for a while. So no one is expecting that a short, sharp shock will be followed by a swift, V-shaped recovery," Charles Stanley analyst Tom Gidley-Kitchin said. Citigroup and KBC analysts agree the sector is cheap, but they caution that any revaluation is unlikely until late next month and May when more solid data on the spring selling season is available. 1. Pakistani pilgrims visit Kashmir data: 10.04.08 A group of 52 Hindu pilgrims from Pakistan visits a famous Indian shrine in Jammu and Kashmir state. 2. Treasury faces 'major challenge' data: 07.04.08 The Treasury faces a major challenge in meeting its own targets amid continuing market turmoil, a committee warns. 3. Gordon Brown appears on American Idol data: 10.04.08 He had snubbed the opening ceremony of the Olympics, but Prime Minister Gordon Brown had no such qualms about appearing on US talent show American Idol. 4. Buy-out chief sounds warning on lure of abroad data: 19.03.08 It is hardly a surprise that Guy Hands, one of the most outspoken and unconventional private equity bosses, is the first to warn of a move overseas in response to... 5. Dollar falls below 7 yuan data: 10.04.08 The milestone underlined China's growing economic strength and its increasing use of the currency as a policy tool. 6. Head-to-toe Muslim veils test tolerance of secular Britain data: 27.03.08 The increasing numbers of veiled Muslim women are fueling the debate over the role of Muslims in British life. 7. Turkish court weighs bid to shut down governing party data: 07.04.08 The petition alleging Islamist activities has divided Turkey, increased uncertainty in the financial markets and could undermine Ankara's campaign to join the European Union. 8. Sign our Armed Forces Day petition data: 07.04.08 We call upon the Government to hold an annual Armed Forces Day as a way to honour the soldiers, sailors, airmen and women on active service today. 9. HBO appoints entertainment president data: 10.04.08 HBO, the Time Warner-owned premium cable network, named Sue Naegle as president of entertainment, entrusting her to shepherd a new generation of programmes to replace defining hits like the multi-award-winning The Sopranos and Sex and the 10. Irish town takes lead on renewable energy data: 10.04.08 Dundalk's Sustainable Energy Zone is part of a European Union program encouraging small projects that can be expanded to the regional or national level. 11. Credit crisis forces a German lender to close data: 10.04.08 Weserbank's chief executive blamed market turmoil for the demise of the bank, the first European banking fatality of the global financial crunch. 12. Live qualifying notes data: 27.03.08 13. Germany is 'filled with shame' over Nazi holocaust, Angela Merkel tells Israel data: 19.03.08 The German chancellor, Angela Merkel, has told Israel that her nation is "filled with shame" over the Nazi holocaust and that she bows before its victims. 14. Asian stocks rise on strength of commodities data: 07.04.08 But concerns about the impact of the credit crisis on the financial system lingered, driving banking shares lower. 15. EU leader urges Turkey to speed changes data: 10.04.08 The president of the European Commission said Wednesday that he would urge Turkey to speed up reforms and show more interest in European Union membership during his first official visit this week. 16. Iraqis get a chilly welcome as refugees in Denmark data: 27.03.08 The 100 Iraqi interpreters and their families who were evacuated to Denmark in July find themselves facing a future in a country that is, at best, ambivalent toward their presence. 17. Female British spy's exploits during World War II are revealed data: 07.04.08 A British spy who helped lead the French Resistance during World War II outfoxed the Nazis by concealing secret messages in the hem of her skirt, according to records unsealed Monday. 18. Sydney Opera House serenades architect data: 10.04.08 He has never actually laid eyes on the finished product, but the creator of the Sydney Opera House has been serenaded in Australia on his 90th birthday. 19. Mirror Money: House about a break? data: 19.03.08 Darling MUST throw first-timers a lifeline 20. John McCain makes second Shia slip data: 10.04.08 John McCain, the Republican presidential candidate who has based his White House campaign on his foreign policy expertise, has again been caught making a basic error. 21. Sorrell stands by former Clinton adviser data: 10.04.08 The WPP chief concedes that Mark Penn had erred in judgment when he met with a Colombian official but says the episode will not lead to a change in the group's policies 22. Scots beaches 'worst for waste' data: 10.04.08 Scottish beaches have the worst levels of sanitary waste in the UK, according to a new survey. 23. Massa wins as Hamilton stumbles data: 07.04.08 Ferrari's Felipe Massa dominates the Bahrain Grand Prix as Lewis Hamilton fails to score and loses the championship lead. 24. Chinese find no sport in linking Tibet to Olympics data: 27.03.08 Chinese citizens are voicing outrage over international debate linking recent protests in Tibet to their prized Beijing 2008 Olympics, accusing outsiders of trying to spoil their country's landmark event. 25. Golf: Rose positive over Masters data: 10.04.08 European number one Justin Rose says his late stumble at the 2007 Masters will stand him in good stead this time around. 26. More flights canceled as Heathrow remains in chaos data: 07.04.08 British Airways' chief executive offered a public apology for disrupting the travel plans of thousands of people. 27. Mother of stabbed Damilola dies data: 10.04.08 The mother of stabbed schoolboy Damilola Taylor dies from a suspected heart attack. 28. Police spoke to missing presenter data: 10.04.08 Officers who spoke to TV presenter Mark Speight hours before he went missing say he appeared distracted. 29. Bangladesh seeking consistency in Pakistan data: 07.04.08 Bangladesh coach Jamie Siddons is confident his side will benefit from their hastily arranged tour of Pakistan, where they will play five one-day internationals and a Twenty20 match. 30. Grand prix chief holds ground amid calls to quit over sex scandal data: 10.04.08 Max Mosley, head of the International Automobile Federation, has admitted he was in the sadomasochistic session caught on tape, rejected implications that there were Nazi themes and defended what he did as 'completely legal.' |