Sunday newspaper round-up: Industrial strategy, May to meet Trump, Barclays, courgettes
22nd Jan 2017 15:04
(ShareCast News) - Theresa May will on Monday reveal her '10 pillars' industrial strategy that will aim to boost sector productivity. The Sunday Times said the Prime Minister's long-awaited green paper includes measures to improve skills, boost scientific research, and increasing spending on broadba
Read moreBroker tips: Shell, Bovis Homes, housebuilders
4th Jan 2017 15:52
(ShareCast News) - RBC Capital Markets upgraded Royal Dutch Shell to 'outperform' from 'sector perform', keeping the price target at 2,500p. The bank said the recent OPEC and non-OPEC supply deals have put the oil market on a much firmer footing, removing some of its tail-risk concerns for the oil g
Read moreHousebuilders climb as Deutsche highlights sector's value, yields, risks
4th Jan 2017 12:14
(ShareCast News) - Deutsche Bank has highlighted the "significant" value in the UK housebuilders sector, singling out Taylor Wimpey as its top pick and upgrading McCarthy & Stone onto its 'buy' list. Noting that investor appetite for UK focused stocks has subsided in light of risks around Brexit, De
Read moreLiberum downgrades Barratt to 'sell' as it looks at UK housebuilders
6th Dec 2016 09:20
(ShareCast News) - Liberum downgraded Barratt Developments to 'sell' as it took a look at the UK housebuilding sector. The brokerage said it sees long-term value in some housebuilders as the valuation looks appealing and long-term fundamentals remain favourable. It noted government support for the
Read moreNumis upgrades Berkeley to 'buy' from 'add' after first half earnings
2nd Dec 2016 08:46
(ShareCast News) - Berkeley Group's shares rose on Friday as Numis raised its rating on the property developer to 'buy' from 'add' and reiterated a target price of 3,844p following better-than-expected first half results. In the six months ended 31 October, pre-tax profit gained 33.9% to £392m compa
Read moreBerkeley Group exceeds estimates with rise in first half earnings
2nd Dec 2016 07:52
(ShareCast News) - Property developer Berkeley Group reported a better-than-expected increase in first half earnings and revenue on Friday, boosted by continued strength in the London market. In the six months ended 31 October, pre-tax profit gained 33.9% to £392m compared to the same period a year
Read moreFriday preview: Berkeley Group's first half earnings, US non-farm payrolls
1st Dec 2016 13:40
(ShareCast News) - Berkeley Group is expected to report healthy growth in first half earnings on Friday as the property developer benefits from continued high demand and margins. Deutsche Bank expects nominalised pre-tax profit to jump 45.2% to £351.7m compared to the same period a year earlier on a
Read moreBarratt Developments and Bovis Homes shares slide on UBS downgrade
20th Sep 2016 09:16
(ShareCast News) - Barratt Developments and Bovis Homes were under the cosh on Tuesday after UBS downgraded the housebuilders to 'neutral' from 'buy' as it reviewed the sector. UBS said market dynamics have been "significantly more benign" in July and August following the UK's vote to leave the Euro
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreDirectors´ dealings: Berkeley Group non-exec picks up shares
16th Sep 2016 15:09
(ShareCast News) - Berkeley Group Holdings´s Adrian Li bought into the luxury homebuilder´s shares. Li, who chaired the company´s remuneration committee and was also a member of its audit committee, picked up 10,000 shares at 2,570p apiece on 16 September, for a total of £257,000. On 6 September th
Read moreBerkeley bounces back from Brexit uncertainty
6th Sep 2016 07:08
(ShareCast News) - Housebuilder and property developer The Berkeley Group Holdings issued an interim management statement for the period from 1 May to 31 August on Tuesday, as investors gathered for its annual general meeting. The FTSE 100 firm said it entered 2016/17 with record cash due on forward
Read moreBerkeley Group halts work on luxury development in London
2nd Sep 2016 16:06
(ShareCast News) - Berkeley Group´s abrupt decision to halt work on a luxury development in London may point to rough seas ahead for the sector in the wake of the referendum vote. The luxury homebuilder halted construction at the £20m Barnes Village project in southwest London but declined to provid
Read moreWednesday newspaper round-up: Fund outflows, North Sea Union, Berkeley Group
24th Aug 2016 07:56
(ShareCast News) - The immediate fallout from Brexit yielded the biggest outflow of funds from investment managers for at least three years in July as UK investors preferred to put their cash into safe havens. Figures from Morningstar, the financial data specialist, showed that investors pulled near
Read moreLondon close: Blue-chip miners, banks push FTSE higher as house builders fly
23rd Aug 2016 15:58
(ShareCast News) - London indices closed up thanks to heady gains among house builders after Persimmon posted robust first-half results, with miners, financials and supermarkets also on the up. While house builders dominated the top end of the blue-chip leaders' ladder, it was "miners and banks that
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