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Telford Homes PLC (TELF.L)

TELF.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Telford Homes says H1 profit to be significantly lower than H2
Wednesday, 11 Oct 2017 02:06am EDT 

Oct 11 (Reuters) - Telford Homes Plc :‍existing pipeline of over 4,000 new homes to be delivered across London​.‍average expected price of open market homes in group's pipeline is £530,000​.‍increasing emergence of institutional build to rent investment in london housing market​.‍acute need for more homes to buy and rent in non-prime areas of london continues to underpin group's longer term growth plans​.‍pre-tax profit for H1 2018 expected to be significantly lower than H2 2018 and lower than last year​.‍all developments are on time and in accordance with board's expectations​.‍interim dividend expected to increase in accordance with anticipated full year profits​.‍on track to exceed £40 million of profit before tax for year to 31 march 2018 in accordance with market expectations​.‍longer term strategy remains to continue to grow telford homes and deliver more of homes that london needs​.  Full Article

Telford Homes says FY profit will be significantly weighted towards H2
Thursday, 13 Jul 2017 02:00am EDT 

July 13 (Reuters) - Telford Homes Plc ::On track to exceed £40 million of profit before tax for year to 31 March 2018 and £50 million in year to 31 March 2019.Secured over 80 per cent of anticipated gross profit for 2018 and over 60 per cent for 2019.Full year profits will be significantly weighted towards second half.  Full Article

Telford Homes signs pre-construction development deal with Greystar​
Monday, 5 Jun 2017 02:00am EDT 

June 5 (Reuters) - Telford Homes Plc :‍Announce that it has signed a pre-construction development agreement with Greystar​.  Full Article

Telford Homes says full-year revenue up 19 percent
Wednesday, 31 May 2017 02:00am EDT 

May 31 (Reuters) - Telford Homes Plc ::Fy revenue rose 19 percent to 291.9 million stg.Fy pretax profit 34.1 million stg versus 32.2 million stg year ago.Total dividend up 99 percent to 15.7 penceper share.Final dividend 8.5 pence per share.Are on track to exceed £40 million of profit before tax for year to 31 march 2018 and £50 million in year to 31 march 2019.Development pipeline at £1.5 billion of future revenue represents more than five times revenue reported in year to 31 march 2017.Proposed final dividend of 8.5 pence per share bringing total dividend for year to 15.7 pence per share (2016: 14.2 pence up just over 10 per cent.Over 80 per cent of anticipated gross profit for year to 31 march 2018 and over 60 per cent for march 2019 already secured.Fy pre-tax profit for year exceeded original market expectations increasing to £34.1 million (2016: £32.2 million).Group's customer mix for year has moved significantly towards institutional build to rent investors.Although eu referendum result created a degree of uncertainty, this has not to date been a significant cause for concern for group.Telford - will continue to monitor negotiations with eu looking for stability throughout process and assurances as soon as possible on rights of eu workers to remain in uk."we have, however, seen a reduction in number of uk based individuals seeking to invest in buy-to-let properties".Anticipate that over next few years build to rent could represent as much as half of our total revenue pipeline.  Full Article

Telford Homes says selected as preferred partner for South Kilburn project
Thursday, 4 May 2017 05:15am EDT 

May 4 (Reuters) - Telford Homes Plc ::Selected as preferred partner for 236 new homes in south kilburn, nw6.Selected by london borough of brent as their preferred partner to redevelop gloucester house and durham court.Gross development value of scheme is expected to be circa £95 million.Group intends to commence work on site later in 2017 with completion anticipated in 2021..Group will make a further announcement upon entering into formal legal documentation with london borough of brent..  Full Article

Telford Homes announces Redclyffe Road property sale
Wednesday, 21 Dec 2016 02:12am EST 

Telford Homes Plc : Pleased to announce that it has exchanged contracts for sale of Forge, Redclyffe Road, E6, to M&G Real Estate . Development is currently under construction and is anticipated to be completed in 2019 .Third build to rent sale for 48.6 million stg.  Full Article

Telford Homes plc declares increase in interim dividend
Wednesday, 2 Dec 2015 02:00am EST 

Telford Homes plc:Declares increase in interim dividend to 6.5 pence per share (H1 2014: 5.1 pence).Says interim dividend will be paid on Jan. 8, 2016 to those shareholders on register at close of business on Dec. 11, 2015.Says ex-dividend date is therefore Dec. 10, 2015.  Full Article

Telford Homes Plc announces acquisition of Carmen Street Site
Thursday, 26 Nov 2015 02:00am EST 

Telford Homes Plc:Says that it has conditionally exchanged contracts for the purchase of a significant development site on Carmen Street in Poplar, E14, for in excess of 20 million pounds.  Full Article

PRESS DIGEST- British Business - June 1

June 1 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.