London close: Markets subdued in Budget aftermath
20th Mar 2013 16:16
Markets on the whole gave a muted reaction to George Osborne's Budget Statement today, in which he warned that Britain would grow less and borrow more than originally estimated, while traders continued to digest developments elsewhere, including the Cypriot bailout and a meeting at the US Federal Re
Read moreFTSE 250 movers: Construction and house building groups rise on Budget
20th Mar 2013 16:05
Shares in Barratt Developments, Taylor Wimpey, Persimmon, Bellway, Redrow and Bovis Homes Group all charged higher on Wednesday afternoon after the Chancellor, George Osborne, said in his 2013 Budget speech that the government was launching a programme to help people get on, or move up, the property
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
Read moreBarratt Developments profit more than doubles
27th Feb 2013 07:42
House-builder Barratt Developments more than doubled half year profit and, after a good start to the second half, it expects a further improvement in profitability this financial year. Pre-tax profit surged 113.4% to £46.1m for the six months ended December 31st 2012. Revenues slipped to £951.1m du
Read moreWednesday preview: Barratt Developments expects double profits
26th Feb 2013 15:26
House-builder Barratt Developments is expected to reveal on Wednesday double-digit pre-tax profits for the last half of 2012. In a trading update last month, the company said it anticipates profit before tax of £45m and revenues to remain unchanged at £950m. Group operating profit is pegged at £80
Read moreFTSE 250 movers: Centamin hit by target price cut
20th Feb 2013 15:26
Centamin fell after Goldman Sachs cut its target price on the stock from 160p to 130p. Savills, an estate agent, made decent gains after sector peer Countrywide said it plans to re-list its shares in anticipation of a UK property market recovery. This also prompted a rise amongst housebuilders, wi
Read moreTuesday broker round-up UPDATE
5th Feb 2013 07:14
Alternative Networks: Westhouse Securities downgrades from add to neutral with a target price of 280p. Anite: Northland Capital shifts target price from 153p to 167p leaving its buy recommendation unchanged. Barratt Developments: Liberum Capital raises target price from 165p to 259p and retains a
Read moreLondon close: Stocks lifted by upbeat US earnings
23rd Jan 2013 17:05
London's FTSE 100 finished with moderate gains on Wednesday afternoon ahead of a key vote over the potential extension of the debt ceiling Stateside, as some decent results from US bellwethers Google, McDonald's and IBM lifted sentiment across stock markets worldwide. The US House of Representative
Read moreWednesday broker round-up UPDATE
23rd Jan 2013 07:05
Aberdeen Asset Management: Societe Generale downgrades to hold, while its target price of 375p is not altered. Amara Mining: Investec reduces target price from 89p to 83p and reiterates a buy recommendation. Associated British Foods: Jefferies raises target price from 1365p to 1650p keeping a hold
Read moreCrest Nicholson to return to stock market
21st Jan 2013 11:39
Crest Nicholson, the housebuilder which went private in 2007 just before the housing bubble burst, intends to return to the London Stock Exhange. The developer, which operates in the Southern half of England, hopes to raise around £50m through an offer comprising both new and existing shares. Ch
Read moreThursday broker round-up UPDATE
17th Jan 2013 07:19
African Barrick Gold: Westhouse Securities reduces target price from 335p to 305p, while its sell recommendation is unchanged. Anglo American: Exane cuts target price from 2000p to 1650p and downgrades from neutral to underperform. Antofagasta: Exane ups target price from 1400p to 1500p keeping an
Read moreWednesday broker round-up UPDATE
16th Jan 2013 07:16
Anglo American: Goldman Sachs reduces target price from 1650p to 1500p and reiterates its sell recommendation. Antofagasta: Goldman Sachs ups target price from 1100p to 1120p and still recommends to sell. ARM Holdings: UBS increases target price from 750p to 900p, while downgrading to neutral. As
Read moreBarratt Developments doubles profit
16th Jan 2013 07:05
House-builder Barratt Developments said first half pre-tax profit is expected to be more than double than the prior year and anticipates a significant improvement in profit for the full year 2013. Pre-tax profit for the six months to December 31st is expected to be around £45m. Group revenues are
Read moreBroker tips: Construction stocks, Morrison, ARM Holdings
8th Jan 2013 13:09
Analysts at Deutsche Bank have today delivered a glowing review of the prospects for the UK's homebuilders, in turn raising their price targets on all of the companies within their universe. Thus, they explain that, "through 2012 the UK house builder sector re-rated, moving from 0.69 times 2012 Ne
Read moreLondon midday: Corporate activity picks up, but technical resistance looms
8th Jan 2013 11:51
UK stocks are now registering slight gains - and recovering most of yesterday's scant losses - as investors opt to overlook the release of some weaker than expected economic indicators from the Eurozone. That ahead of the beginning of the formal earnings season, Stateside, later today, when alumin
Read more