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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. Serbia's neighbours accept Kosovo data: 19.03.08 Three of Serbia's neighbours - Bulgaria, Croatia and Hungary - have announced they will recognise Kosovo. 2. Every British Olympian to be drug tested before Beijing data: 27.03.08 Every British athlete competing in the Beijing Olympics will be dope tested at least once before this year's Games as part of the country's most comprehensive pre-Olympic testing programme, UK Sport announced on Wednesday. 3. Tributes paid to Anthony Minghella, dead at 54 data: 19.03.08 Tributes are flowing in to Anthony Minghella, the Oscar-winning British film director who has died from a haemorrhage after undergoing routine surgery last week: 4. Barca official says camouflaging player indiscipline data: 10.04.08 Barcelona are using player injuries to hide the fact that a number of players have been sidelined for indiscipline, a high-ranking official at the club said on Wednesday. 5. Police warning to Shannon estate data: 10.04.08 Police warn neighbours of Shannon Matthews' family against taking the law into their own hands. 6. Features: A city of wrongs rights data: 07.04.08 There is one image which stands out more than any other in the National Civil Rights Museum at the Lorraine Motel in Memphis, Tennessee. 7. Mobile internet access increases tenfold data: 07.04.08 The GSM Association is set to reveal the world's 32-millionth mobile broadband connection – up from 3m in March 2007 – lending credence to suggestions the sector is coming of age Polecane: Builders London, property services, decorators london, property Maintenance, 8. 'Anti-gay views' JP investigated data: 07.04.08 An inquiry is underway into anti-gay remarks made by a serving magistrate on a BBC Wales documentary. 9. Yevgeny Primakov, former prime minister of Russia, supports partition of Kosovo data: 27.03.08 He said that only ethnic partition would avoid future conflict but warned that it would entail population movements. 10. Bidding farewell data: 07.04.08 Bush and Putin meet for last time as heads of state 11. Italy vows to keep Alitalia aloft after bidder pulls out data: 07.04.08 The airline said it would take the next several days to study its financial options before deciding on Tuesday whether to continue its operations. 12. European supply ship is cleared for space station mission data: 07.04.08 Managers of the International Space Station on Wednesday cleared Europe's new Jules Verne cargo ship for its first docking with the orbiting research outpost. 13. Ex-soldier who shot family jailed data: 10.04.08 A former soldier who killed his aunt, uncle and cousins with a silenced pistol is given four life sentences. 14. Jobs: Mirror Works: Live wires data: 07.04.08 A row about the last song played at a concert prompted two friends to start recording shows and selling CDs instantly to departing fans. 15. Serbia will arrest war crimes fugitive data: 07.04.08 But the government expressed concerns that the dispute over Kosovo was driving the country farther apart from the group. 16. RSPCA investigates The Fall frontman for 'killing' squirrels data: 10.04.08 Mark E Smith, the rock singer, is being investigated by the RSPCA after he boasted of killing two squirrels. 17. Row over home 'anti-teen' device data: 10.04.08 Complaints are under investigation after a resident installed a Mosquito "youth deterrent" at his home. 18. Indian 'spy' gets month reprieve data: 19.03.08 President Musharraf of Pakistan grants a one-month stay of execution to a convicted Indian spy. 19. Cleaning 'improves mental health' data: 10.04.08 Working up a sweat while performing household chores could benefit your mental health, a study suggests. 20. Olympic torch relay protest timeline data: 07.04.08 The Olympic torch relay through London descended into chaos after pro-Tibet protesters disrupted the event, leading to 35 arrests. Here is a timeline of events. 21. Rich nations seek action on rising food prices data: 07.04.08 Development ministers from the Group of 8 industrialized nations called Sunday for action on high food prices, which they said have hurt developing nations as well as efforts by aid donors. 22. If you must fly, some suggestions data: 10.04.08 The fallout from the cancellation of more than 1,000 American Airlines is expected to disrupt schedules for every major airliner on Thursday. 23. Switzerland likely to outlaw cat fur trade data: 07.04.08 Cat fur is used in garments and blankets in Switzerland, the last West European nation where such a trade is still legal. But the trade is increasingly stigmatized and likely to be outlawed soon. 24. Obama grabs the spotlight in Europe, too data: 27.03.08 The fact that a black man may become the Democratic presidential candidate has intrigued Europeans at a time when such a prospect still seems far off in most countries on the Continent. 25. 'Illegal' ad system scrutinised data: 07.04.08 Technical analysis of the Phorm online advertising system reinforces an expert' s view that it is "illegal". 26. Crash dead remembered data: 07.04.08 A special church service is held in Farnborough a week after an air crash which killed five people. 27. Games website helps companies compete for business data: 07.04.08 CompeteFor is an online portal on which contract opportunities from the London Olympics will be published. It should be busy. More than 50,000 contracts will be... 28. Hammer killer 'attacked others' data: 19.03.08 Police investigate claims that a man who killed his former girlfriend and her two children, attacked others. 29. British rock star Pete Doherty jailed for 14 weeks data: 10.04.08 Adrian Hunter, Doherty's manager at Parlaphone records, said that there were "numerous reasons" the singer/songwriter had been jailed. "One of them was his latecoming at probation hearings," he said. 30. Shannon Matthews' mother held over kidnap data: 07.04.08 Exlusive: The mother of schoolgirl Shannon Matthews was arrested last night in connection with the alleged kidnap of her nine year old daughter. --- --- --- -x- |