UK housebuilders boosted by upbeat BoA ML note
14th Dec 2015 10:59
(ShareCast News) - Bank of America Merrill Lynch upgraded its stance on Barratt Developments to 'neutral' from 'underperform' as it took a look at UK housebuilders. The bank said it remained supportive of the sector and reiterated buy-rated Persimmon, Taylor Wimpey and Bellway as its top picks. "W
Read moreBarratt sees strong rise in forward sales as housing market grows
11th Nov 2015 07:18
(ShareCast News) - Housebuilder Barratt said total forward sales, including joint ventures, rose by 20.7% to £2.5bn in the 19 weeks to 8 November. Net private reservations per week were up 12.5% to 261 with a sales rate of 0.70 net private reservations per active site per week against 0.63 last year
Read moreFTSE 100 movers: Standard Chartered results drive market down
3rd Nov 2015 13:22
(ShareCast News) - The FTSE 100 had a rollercoaster start to the day on Tuesday, but was down 12.29 points (0.19%) by mid-afternoon to 6,349.51. The biggest faller was Standard Chartered after it posted a disappointing set of third quarter results. The bank said they were hit by challenging market c
Read moreBroker tips: Meggitt, Tullett Prebon, Housebuilders
3rd Nov 2015 12:59
(ShareCast News) - Aerospace and defence engineer Meggitt rallied after Barclays reiterated its 'overweight' rating on the shares, saying the stock was "too cheap to ignore". Meggitt's shares plunged last week after warning that full-year profits will miss its £369m forecast, due to fewer contracts
Read moreHousebuilders slump as Liberum highlights margin concerns
3rd Nov 2015 11:12
(ShareCast News) - Housebuilders were under pressure after Liberum downgraded its stance on Barratt Developments, Persimmon and Taylor Wimpey to 'sell' from 'hold'. "We believe the largest housebuilders' valuations are too optimistic to withstand the gross margin pressure that we expect in the comin
Read moreTuesday broker round-up
3rd Nov 2015 11:08
(ShareCast News) - Getech Group: WH Ireland downgrades to sector perform, cuts target price to 40.00p. Kingfisher: JP Morgan Cazenove initiates new coverage with an underweight, sets target price at 320.00p. Intercontinental Hotels Group: Nomura reiterates to neutral, cuts target price to 2698.00p.
Read moreMonday broker round-up
2nd Nov 2015 13:20
(ShareCast News) - Crest Nicholson Holdings: JP Morgan Cazenove upgrades to overweight, raises target price to 650.00p. Lancashire Holdings Limited: Citigroup downgrades to neutral. Target price: 675.00p. Easyjet: HSBC downgrades to reduce. Target price: 1600.00p. Barratt Developments: JP Morgan C
Read moreJPMorgan downgrades Barratt, Persimmon on valuation but says outlook still positive
2nd Nov 2015 10:38
(ShareCast News) - JPMorgan Cazenove downgraded its stance on Barratt Developments and Persimmon, but upgraded Crest Nicholson as it took a look at UK housebuilders. The bank said it expects 2016 to be another year of improved profitability and strong operating conditions for the UK housebuilders.
Read moreFTSE 100 movers: Hargreaves Lansdown rallies; housebuilders slump
14th Oct 2015 14:09
(ShareCast News) - London's FTSE 100 index was down 0.7% to 6,296.01 as worries about a slowdown in the world's second-largest economy continued to undermine sentiment, following the release of disappointing Chinese inflation figures. Shares in luxury fashion retailer Burberry declined for the secon
Read moreFTSE 100 movers: SAB surges on AB InBev agreement; Royal Mail slumps
13th Oct 2015 13:59
(ShareCast News) - London's FTSE 100 was down 1.1% by mid afternoon at 6,304.21 as uninspiring Chinese trade figures and UK inflation data weighed on investors' minds. London-listed brewer SABMiller surged after it agreed in principle to a possible £44 per share takeover offer from Belgium-based Anh
Read moreLondon midday: Equities fall as UK slips into deflation
13th Oct 2015 11:28
(ShareCast News) - The UK equities market was under the cosh as the nation unexpectedly slipped into deflation in September. The Office for National Statistics revealed the consumer price index fell 0.1% year-on-year last month, compared to analysts' estimates for a flat reading in line with August.
Read moreFTSE 100 movers: Barratt up, Morrisons slumps on disappointing results
10th Sep 2015 14:41
(ShareCast News) - London's top-flight index fell on Thursday and by 1439 BST, was down 1.2% to 6,156 as worries about a slowdown in China and concerns that the Federal Reserve might hike rates in September weighed on sentiment. Housebuilder Barratt Developments was a higher riser for the second day
Read moreBarratt shareholders to get extra payout as full-year profits soar by 45%
9th Sep 2015 07:24
(ShareCast News) - Barratt shareholders are set for a cash windfall as the housebuilder reported a 44.8% increase in full-year pre-tax profits to £565.5m on the back of a 19% jump in revenues to £3.7bn. Shareholders will get a final dividend of 10.3p a share, up from 7.1p last time. The company is a
Read moreLondon pre-open: Footsie set to rise after Chinese and Japanese stocks jump
9th Sep 2015 07:22
(ShareCast News) - The Footsie was being called to start the day higher by up to 1.4%, bolstered by reports of plans for further stimulus in Asia's two largest economies and possible bargain hunting. As of 07:24 the Nikkei-225 was higher by 7.71% to 18,770.51 points, its largest one day advance s
Read moreWednesday preview: Barratt Developments set to post 45% rise in full-year earnings
8th Sep 2015 13:14
(ShareCast News) - UK housebuilder Barratt Developments is expected to report a 45% jump in full-year pre-tax profit on Wednesday as the property market continues to thrive. In July the group said it anticipated pre-tax profit of £565m in the year ended 30 June 2015, up from the previous year's £390
Read more