Broker tips: Charles Stanley, Playtech, Berkeley Group
16th Jun 2016 17:08
(ShareCast News) - Cannacord Genuity lowered its target price on the shares of Charles Stanley and lowered its recommendation from 'buy' to 'hold' after the broker announced it would likely take between 12 to 18 months longer than originally anticipated (by the year to 31 March 2020) to reach its ta
Read moreCredit Suisse reiterates underperform on Berkeley Group Holdings
16th Jun 2016 13:46
(ShareCast News) - Berkeley Group Holdings remains "a very well managed business" but it was not immune to the weakening conditions which were being experienced in the inner London new build housing market, analysts at Credit Suisse said. For that reason, analysts Samuel Thomas and Harry Goad reiter
Read moreBrexit uncertainties hit Berkeley reservations
15th Jun 2016 07:02
(ShareCast News) - Reservations in the five months to May at property group Berkeley fell 20% due to uncertainty over Brexit. Full year pre-tax profits fell to £530m from £539.7m due to reduced ground rent sales, Berkeley added, while forward sales increased to £3.25bn from £2.95bn. "The outcome of
Read moreWednesday preview: Fed expected to stand pat on rates amid Brexit uncertainty
14th Jun 2016 12:33
(ShareCast News) - The Federal Reserve is expected to sit tight on interest rates in its policy decision on Wednesday ahead of Britain's European Union referendum. With uncertainty surrounding the EU referendum on 23 June and weak employment data for May, analysts see the Fed leaving interest rates
Read moreTuesday broker round-up
14th Jun 2016 12:02
(ShareCast News) - Henderson Group: Exane BNP Paribas downgrades to neutral with a target price of 240p. Crest Nicholson: Deutsche Bank keeps at hold with a 542p target. Beazley: UBS stays at neutral with a target price of 376p. Inmarsat: Jefferies keeps at buy with a target of 1245p. Berkeley Gr
Read moreSunday share tips: Homebuilders, Atlas Mara
5th Jun 2016 22:14
(ShareCast News) - Earnings at their cyclical peak for the country´s main homebuilders means investors would do best to steer clear of the sector, The Sunday Telegraph´s Questor said. Rounds of government funding and low interest rates - amongst other factors - have left the sector primed to perfect
Read moreFTSE 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
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