FTSE 100 movers: Housebuilders subside on weak construction report
2nd Mar 2016 14:45
(ShareCast News) - The FTSE 100 was back in the red on Wednesday afternoon, led by ITV and a fall from the larger housebuilding companies. ITV was one of the biggest losers of the day, even as the commercial broadcaster reported a surge in underlying pre-tax profits, which were up 18% to £843m. Whi
Read moreFTSE 100 movers: Miners lead index back over 6000
22nd Feb 2016 14:16
(ShareCast News) - The FTSE 100 was back over 6,000 points on Monday, with the index up 106.09 points (1.78%) to 6,056.32. Miners led the market as commodity price were boosted following the recent rally in global equities. Anglo American was at the top of the list on reports that the company may s
Read moreFTSE 100 movers: Housebuilders lead market higher
10th Feb 2016 14:26
(ShareCast News) - The FTSE 100 was set to turn things around on Wednesday, with the blue chip market up 48.39 points (0.86%) to 5,680.58 by mid-afternoon. Housebuilders were on the rise, including Taylor Wimpey, Berkeley Group Holdings and Barratt Developments, after sector peer Bellway reported st
Read moreExpect moderate UK house price rises after help-to-buy scheme expansion, Moody's says
27th Jan 2016 08:12
(ShareCast News) - The expansion of the help-to-buy initiative in the UK will increase mortgage lending, leading to "moderate rises in house prices", according to Moody's. The British government has increased the initial equity loan pay out from 20%, as originally enacted, to 40% to compensate for t
Read moreBerkeley Group non-exec picks up first shares
19th Jan 2016 14:59
(ShareCast News) - First Derivatives non-executive director David Anderson offloaded 5,000 shares in the software and consulting firm at 1,541p each. The sale brought his interest in the company down to 120,000 shares, or 0.5% of the issued share capital. Elsewhere, Berkeley Group non-executive dir
Read moreJefferies hoists target prices for housebuilding sector
12th Jan 2016 13:37
(ShareCast News) - Jefferies has upgraded house builders Barratt Developments, Berkeley and Galliford Try due to the UK's continued housing shortage outweighing other concerns. The broker said it believes the government's 100,000-a-year target is not achievable with current construction skills short
Read moreFTSE 100 movers: New Standard Chartered executive bolsters share price
17th Dec 2015 13:55
(ShareCast News) - The FTSE 100 was buoyed by yesterday's Fed rate hike, climbing 47.79 points (0.79%) to 6,108.98 by mid-afternoon Thursday. Standard Chartered's share price was bolstered after news around lunchtime that it has hired HSBC veteran Simon Cooper to head up its corporate and institutio
Read moreBroker tips: Berkeley Group, Rolls Royce, Entertainment One
8th Dec 2015 15:50
(ShareCast News) - Analysts at Credit Suisse bumped up their target price for Berkeley Group Holdings after the company boosted its capital return programme, unveiled an increase in forward sales and management expressed confidence in the operating environment. The homebuilder comitted to returning
Read moreCredit Suisse boosts target price for Berkeley Group Holdings
8th Dec 2015 15:30
(ShareCast News) - Analysts at Credit Suisse bumped up their target price for Berkeley Group Holdings after the company boosted its capital return programme, unveiled an increase in forward sales and management expressed confidence in the operating environment. The homebuilder committed to returning
Read moreFTSE 100 movers: Whitbread downgrade sends market in the red
4th Dec 2015 14:31
(ShareCast News) - The London markets continued to slide on the back of yesterday's ECB announcement as well as news from OPEC and the US jobs report. The market was down 33.84 points (0.54%) to 6,241.16 by mid-afternoon Friday. Premier Inn and Costa Coffee owner Whitbread was one of the bigger fal
Read moreLondon open: Equities follow European counterparts in the red amid lack of data
4th Dec 2015 08:26
(ShareCast News) - UK stocks kicked off the final session of the week on a downbeat note, as they followed their European counterparts into the red after the European Central Bank's latest policy measures left investors disappointed. At 0840 GMT, the FTSE 100 was down 0.26% to 6,258.45. The pound, m
Read moreBerkeley interims lower as it plans to increase cash return to shareholders
4th Dec 2015 07:13
(ShareCast News) - Interim pre-tax profits at property group Berkeley fell to £293.3m from £304.9m after sales of its ground rent portfolio fell to £51m of profit from £85.1. The firm also said it was increasing its cash return to shareholders. Adjusted interim pre-tax profits rose 10.2% to £242.3m,
Read moreFTSE 100 movers: Miners lead market on back of Chinese data
4th Nov 2015 14:11
(ShareCast News) - The FTSE 100 had a strong start to the day on Wednesday, up 48.94 points (0.77%) to 6,432.55 by mid-afternoon. Glencore was the biggest riser of the day after it reported "significant progress" on plans to cut net debt to the low $20bns by the end of 2016 and increased output from
Read moreLondon midday: Stocks higher after China exports fall less than forecast
8th Sep 2015 11:54
(ShareCast News) - London stocks were sitting higher after a better-than-expected report on Chinese exports lifted sentiment. China's exports dropped 5.5% in August from a year earlier in dollar terms after a 8.3% drop in July, according to the General Administration of Customs, better than the 6.6%
Read moreBerkeley Group reiterates medium-term dividend targets
8th Sep 2015 07:57
(ShareCast News) - Berkeley Group was continuing to see stable operating conditions at the half-year mark, prompting the homebuilder to reiterate its medium-term commitments as regards dividends and profits. Normal transaction levels had been maintained across the firm's sites, with the number of un
Read more