FTSE 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
Read moreFTSE 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
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