London pre-open: Stocks to rise ahead of Fed, Greece remains in focus
17th Jun 2015 07:29
UK stocks are expected to bounce slightly on Wednesday morning after settling at a new three-month low, as investors digest the latest news flow from Greece and await a Federal Reserve policy meeting. City sources predict the FTSE 100 will open 16 points higher than Tuesday's close of 6,710.10, its
Read moreDeutsche Bank hails top-ranking dividend yields of UK housebuilders
26th May 2015 10:04
Deutsche Bank has named Taylor Wimpey, Barratt Developments and Bovis Homes as its top picks in the UK housebuilding sector, highlighting the attractive dividend yields across the industry. In its review of the sector, the bank hiked target prices for a host of stocks, including Taylor Wimpey, Barra
Read moreUBS lifts Berkeley price target, sees period of excess capital generation
22nd May 2015 15:12
UBS raised its price target on Berkeley Group to 3400p from 2900p, noting that it expects the London property market to pick up again from its pre-election slowdown. "We now expect a recovery in the London property market as the risk of a more adverse tax regime has been eliminated, in particular in
Read moreFTSE 250 movers: Keller hit by delays and weak US market, property stocks surge
14th May 2015 12:57
UK stocks rebounded from early losses by mid-afternoon, but recovery remained capped by concerns of Greek instability. Sector-wise, miners and computer services provided the biggest drag, while property stocks and insurers provided a welcome boost. At 2:30 BST, the FTSE 250 was trading 50 points hig
Read moreFTSE 250 movers: property and rail stocks surge on Tory win
8th May 2015 13:27
Wireless antenna maker Laird topped the risers on higher first quarter revenues and a strong outlook for the rest of the year. "We have some visibility on new products to be launched by customers in the second half of the year, which underpins our current full year outlook," said chief executive Dav
Read moreGoldman Sachs remains positive on UK housebuilders ahead of elections
5th May 2015 10:54
Goldman Sachs has reiterated it positive stance on UK housebuilders ahead of the general election on Thursday, saying there are limited risks for the sector based on currently-announced policies by the major parties. "All three parties are committed to improving housing supply and the planning envir
Read moreBroker tips: Housing stocks, Reckitt Benckiser, Majestic Wine
10th Apr 2015 11:34
Housebuilders were putting in decent gains on Friday as Jefferies upgraded ratings for stocks across the sector after recent data pointed to a stronger pre-election housing market than anticipated. The broker raised Bellway, Bovis Homes, Countrywide, Crest Nicholson, Redrow, Taylor Wimpey and Zoopla
Read moreHousing stocks jump as Jefferies turns more positive on sector
10th Apr 2015 09:28
Housebuilders were putting in decent gains on Friday as Jefferies upgraded ratings for stocks across the sector, saying that companies have "springs in their steps". The broker raised Bellway, Bovis Homes, Countrywide, Crest Nicholson, Redrow, Taylor Wimpey and Zoopla from 'hold' to 'buy'. Barratt D
Read moreLondon pre-open: CRH and TSB in focus
20th Mar 2015 07:44
The top flight index is being called to start the session higher by between six to seven points on a busy Friday morning in terms of news-flow. Somewhat unexpectedly, overnight Greece agreed to draw up new reforms to meet the requirements of its lenders. "The odds of a Greek exit have risen signifi
Read moreBerkeley Group strikes confident note in reiterating three-year guidance
20th Mar 2015 07:22
Housebuilder Berkeley Group reiterated its earnings guidance for the next three years to 2017 as management demonstrated their confidence in the UK housing market recovery. In a trading update covering the period from 1 November 2014 to 28 February 2015, the group said all sites that have an impleme
Read moreSector movers: Redrow and Reckitt give household sector a lift
11th Feb 2015 14:51
Well-received results from builder Redrow and consumer products group Reckitt Benckiser meant the household goods and home construction sector was the best performer in London on Wednesday. Redrow's share price had surged over 12% to 333p by the afternoon session after the company impressed with a s
Read moreHousebuilders suffer as brokers downgrade on valuations grounds
9th Jan 2015 08:56
Broker Jefferies was one of several to cut ratings on almost all the homebuilders, with Barratt Developments, Persimmon, Taylor Wimpey, Bovis Homes and others downgraded on the view that valuations were becoming too stretched. There has been a steady decline in mortgage approvals in recent months, w
Read moreMonday broker round-up
15th Dec 2014 09:29
Ashtead Group: Berenberg raises target price from 1170p to 1345p and keeps its 'buy' recommendation. Aviva: Citi increases target price from 590p to 620p and maintains a 'buy' recommendation. Bellway: Deutsche Bank ups target price from 1760p to 1778p and reiterates its 'hold' recommendation. Berk
Read moreLondon close: Upmarket housebuilders hit as investors digest Autumn Statement
3rd Dec 2014 16:29
Upmarket housing stocks took a hit but airlines were flying higher as investors reacted to the UK's Autumn Statement on Wednesday. Shares in Berkeley Group Holdings were 76p off at 2468p and estate agency Foxtons subsided 2.6p to 152.8p as Chancellor George Osborne introduced a new stamp duty regime
Read moreTuesday tips round-up: Sainsburys, Berkeley Group
2nd Sep 2014 07:35
Sainsbury's full-year dividend pay-out of 17.3p per share is covered almost twice by its earnings. Indeed, the group's chief financial officer thinks the balance sheet is strong, but The Daily Telegraph's Questor team has its concerns. After all, last year's dividend of £320m in cash was part financ
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