BUSINESS

Double blow for McCarthy

MORE than £100million was wiped from the value of retirement housing builder McCarthy & Stone yesterday as it shocked investors with a profit warning and its boss announced his own plans to quit the 9-to-5 for good. Daily Express :: Finance Feed

Housebuilder moving out to the suburbs – SHARE HUNTER

TUESDAY’s half-year results from Crest Nicholson suggested the Goldilocks conditions housebuilders have been enjoying might be coming to an end. Rising property prices have been boosting revenues in recent years, while a massive supply/demand imbalance means there’s been appetite for as many houses as the industry can churn out. Daily Express :: Finance Feed

Tesco hits 4-year high after Booker sales lift

TESCO shares hit a four-year high as it rang up its tenth straight quarter of improving sales, yesterday. Britain’s biggest supermarket reaped rewards from its £3.7billion acquisition of wholesaler Booker Group, cutting food prices and relaunching own brand products as group turnover in stores open at least a year grew 1.8 per cent in the 13 weeks to May 26. Daily Express :: Finance Feed