FTSE 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 moreBerkeley Group may knock Weir off the FTSE 100
1st Sep 2015 12:46
(ShareCast News) - Housebuilder Berkeley Group could replace industrial engineer Weir in the FTSE 100 in mid-September, according to indicative data from FTSE International. Shares in Weir, which was promoted to London's top-flight index in 2010, have tumbled in the last 12 months amid declining oil
Read moreBerkeley Group may replace Weir in FTSE 100
1st Sep 2015 12:20
(ShareCast News) - Housebuilder Berkeley Group looks set to replace industrial engineer Weir in the FTSE 100 later this month when the quarterly reshuffle is announced on Wednesday, according to indicative data from FTSE International which is based on Friday's closing prices. Weir has been included
Read moreUK house price growth accelerates in May, confirms ONS
14th Jul 2015 10:34
(ShareCast News) - UK house price growth bounced back in May, according to official figures, with average house prices increasing by 0.9% over the month after a fall the month before. While simultaneously released data showed the country's core inflation sank back to 0%, house price inflation increa
Read moreBarclays reviews UK housebuilders; upgrades Bellway, downgrades Taylor Wimpey
6th Jul 2015 13:29
Barclays upgraded Bellway to 'overweight' from 'equalweight' and raised the target price to 2,799.9p from 2,096p, noting the growth ambitions of the UK's fourth largest housebuilder, as it took a look at the UK housebuilding sector. It downgraded Taylor Wimpey to 'equalweight' from 'overweight' but
Read moreUBS still sees "room to run" in UK housebuilding sector
2nd Jul 2015 10:54
In spite of a strong performance from UK housebuilding stocks year-to-date and over the past five years, UBS has retained a bullish stance on sector, saying there's "still room to run". The bank has hiked target prices for most stocks across the sector by around 20-25% on average. It reiterated its
Read moreUBS hikes target price for Berkeley Group
19th Jun 2015 10:53
UBS has hiked its target price for Berkeley Group from 3,400p to 3,900p and reiterated a 'buy' rating, saying all operating metrics at the housebuilder are in "excellent shape". "Berkeley is now entering into the delivery phase of its strategy, with material earnings and cash generation expected ove
Read moreThursday tips round-up: Berkeley Group Holdings
18th Jun 2015 11:22
The premium on Berkeley Group Holdings shares on a price-to-book basis is justified. Above all else homebuilders are property companies. Their sucess hinges on their saviness when it comes to land, which makes up four-fifths of the company´s assets. However, the firm, whose business is concentrated
Read moreLondon close: FTSE 100 drops to January lows on Greek uncertainty, traders await FOMC comments
17th Jun 2015 17:16
UK stocks fell for the fourth straight day on Wednesday with London's FTSE 100 finishing at its lowest level in five months as Greece continued to fight with creditors to secure a bailout deal. Investors were also showing caution ahead of the conclusion of a monetary policy meeting at the Federal Re
Read moreLondon open: UK stocks flat as investors watch Greece, Fed decision
17th Jun 2015 08:42
UK stocks paused at a three-month low on Wednesday morning ahead of a Federal Reserve policy decision, as negative newsflow from Greece continued to dampen risk appetite. The FTSE 100 was trading 0.1% lower at 6,703.24 after settling at 6,710.10 on Tuesday, its lowest close since 10 March. The inde
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