FTSE 100 movers: RBS and Tesco lead strong rally
24th May 2016 15:05
(ShareCast News) - The FTSE 100 shrugged off an early dip to put on a strong gain over Tuesday's session as Brexit odds lengthened, oil prices strengthened and a banking sector tracking expectations of a US rate rise higher. With an hour to go before the close, the blue chip index was up 1.1% at 6,2
Read moreDefensives lead bounce in stocks
20th May 2016 19:03
(ShareCast News) - Defensive issues led the market's bounce higher at the end of the week, with those sectors which stood to gain the most from a vote by Britons to remain in the UK pacing gains on the top flight index. Although low inflation boosts consumers' spending power, it is of scant benefit
Read moreCredit Suisse upgrades Bellway and Persimmon, downgrades Berkeley
28th Apr 2016 09:54
(ShareCast News) - Credit Suisse upgraded Bellway and Persimmon, but downgraded Berkeley as it took a look at UK housebuilders. The bank, which is broadly neutral on the sector, upped Bellway to 'outperform' from 'neutral' and lifted the price target to 2,918p from 2,472p, saying the market was sign
Read moreSector movers: Banks and homebuilders lead gains
26th Apr 2016 15:19
(ShareCast News) - Banks and real estate and property stocks rode to the top of the leaderboard on the heels of well-received quarterly earnings from StanChart and a perception that Brexit risks were fading, although analysts and market commentary were cautious on both counts. For the first quarter
Read moreFTSE 100 movers: Miners and banks slump but Imperial gains on upgrade
25th Apr 2016 14:05
(ShareCast News) - London's FTSE 100 index was down 0.8% to 6,260.09 in afternoon trading, with miners pacing the decline. Heavily-weighted mining stocks were the worst performers as metals prices slipped, with Anglo American, BHP Billiton, Rio Tinto and Glencore all firmly on the back foot. Standa
Read moreHousebuilders and supermarkets lead gains
22nd Apr 2016 15:50
(ShareCast News) - Housebuilders were on the upside of the FTSE 100 for much of Friday, with some brokers turning less cautious on the sector than they have been in recent months. Analysts at Canaccord Genuity reiterated ratings on three of the top movers, including Barratt Developments, Berkeley Gr
Read moreFTSE 100 movers: Mining bears outweigh construction bulls
22nd Apr 2016 13:54
(ShareCast News) - London's blue chips were on the back foot as the week came to a close, weighed down as the miners continued to lose ground for a second session and despite oil prices launching a new move higher. After the European Central Bank's tough-talking stance on Thursday, miners were being
Read moreLiberum sees value in housebuilders after sector subsidence
22nd Apr 2016 09:34
(ShareCast News) - Broker Liberum has upgraded housebuilders Barratt Developments and Persimmon to 'hold' as it toned down its caution on the sector, but said Taylor Wimpey remained a 'sell'. Having turned cautious on housebuilders in November due to stretched valuation and fears of margin pressure,
Read moreUK construction outlook dims, RICS survey finds
20th Apr 2016 10:34
(ShareCast News) - UK construction growth slowed in the first quarter of 2016, according to fresh data, with the rate of private house building slowing to a three-year low. Revealing its research, the Royal Institution of Chartered Surveyors (RICS) said the slowdown in growth had been accompanied by
Read moreFTSE 100 movers: SABMiller higher, while Brexit risk drags housebuilders
15th Apr 2016 15:23
(ShareCast News) - The FTSE 100 was in the red on Friday afternoon, as investors reacted to slower growth in China, with lower oil prices and Brexit concerns also affecting the markets. SABMiller was among the leaders, after fellow brewing conglomerate Anheuser-Busch InBev agreed to create a ZAR 1bn
Read moreSector movers: Homebuilders continue lower, with Brexit and political uncertainty in focus
14th Apr 2016 16:38
(ShareCast News) - The drag from homebuilders saw the top flight index underperform its peers both in the States and over on the Continent, as the Bank of England sounded a cautious note about the impact that the referendum on EU membership might have on the sector, coinciding with a flurry of downb
Read moreSector movers: Sentiment cools towards homebuilders
18th Mar 2016 21:40
(ShareCast News) - Homebuilders were under the cosh at the end of the week, dragged lower by a negative reaction to the latest trading statement out of Berkeley Group. Analysts at Shore Capital and Numis described the company´s IMS as "solid" and "good", respectively, with the company apparently on
Read moreBerkeley sees FY results at top end of expectations
18th Mar 2016 07:08
(ShareCast News) - FTSE 100-listed house builder Berkeley Group said it expected current year results to be at the top end of expectations, after absorbing approximately £25m of accelerated operating expenses. Berkeley added it remains on course to deliver £2bn of pre-tax profit in aggregate over th
Read moreFriday preview: Berkeley's reports and Sainsbury's hits Argos deadline
17th Mar 2016 12:32
(ShareCast News) - As well as the deadline for Sainsbury's to make a further bid to acquire Argos owner Home Retail, Friday also sees housebuilder Berkeley Group's full year interims amid the slowdown in the prime central London property market. The City expects the Berkeley to report a drop in earn
Read moreHSBC starts 10 UK housebuilders at 'buy'
17th Mar 2016 09:59
(ShareCast News) - HSBC initiated coverage of UK housebuilders saying the sector offers exposure to an area of real undersupply, with the UK government "largely pulling out all the stops to help". It started Barratt Developments, Bellway, Berkeley, Bovis Homes, Crest Nicholson, Galliford Try, McCart
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