BUDGET: Construction sector gets ready for planning changes
21st Mar 2012 13:52
The Chancellor of the Exchequer wants a building boom in Britain. In his budget speech on Wednesday George Osborne declared that planning regulations were going to be cut from 1,000 to 50 pages. He added the changes would be part of an overhaul of planning to be published next week. The review wil
Read moreTuesday tips round up: Ferrexpo, Berkeley, Pittards...
20th Mar 2012 06:50
In the Telegraph, Questor gives Ukrainian iron ore producer Ferrexpo a polish and decides it scrubs up rather well. The company has shifted focus from Eastern European markets and now sells more to China and the growing economies of Asia. There is risk, especially as the Chinese juggernaut appears
Read moreLondon close: Losses trimmed by news from Greece
19th Mar 2012 17:03
- Greek CDS auction finishes in line with expectations - Greece expects GDP to fall 4.5 per cent in 2012 and 0.5 per cent in 2013 - Markets await Wednesday's Budget The FTSE 100 finished only slightly in the red after a positive start on Wall Street, which saw UK stocks trim losses in afternoon tra
Read moreLondon midday: Losses pared but Footsie still down
19th Mar 2012 11:42
- Greece 'more than halfway' along path to recovery - Vodafone up on tax benefit reports from CWW takeover - Misys jumps on recommended bid from Vista Losses were halved by lunchtime but the Footsie still remained in the red on a relatively quiet day for company results and economic data. Markets a
Read moreLondon open: Stocks fall, Misys jumps after Vista offer
19th Mar 2012 08:25
- Misys up seven per cent after 350p-a-share Vista offer - Burberry weighed down by French tax reports - Markets looking ahead to Wednesday's Budget The Footsie fell into the red in early trading on Monday, with the market looking ahead to Wednesday's Budget. "We have entered the doldrums of marke
Read moreLondon pre-open: Flat start for FTSE as investors seek direction
19th Mar 2012 07:32
City sources predict the FTSE 100 will open up three points from Friday's close of 5,966, maintaining last week's gains and awaiting fresh direction ahead of Wednesday's Budget. Financial software developer Misys has reached agreement on the terms of a recommended 350p-per-share cash offer by Mag
Read moreBerkeley in land grab
19th Mar 2012 07:02
Berkeley Group, the house builder focused on London and surrounding areas, said demand for its residential property in 2012 has remained resilient, encouraging it to top up its land bank. Despite the wider economic challenges, Berkeley said it has delivered a robust trading performance over the per
Read moreWeek Ahead: All eyes on the Chancellor
16th Mar 2012 08:15
Wednesday is the big day next week, when the Chancellor of the Exchequer, George Osborne, unveils details of the Finance Bill, known to the likes of you and me as 'the Budget'. After ratings agency Fitch warned on Thursday that there is a slightly better than evens chance that Britain will lose its
Read moreInternational Power CFO sells entire stake in the firm
29th Feb 2012 15:38
Mark Williamson, the Chief Financial Officer (CFO) of International Power, the FTSE 100 power generator, has sold over a million pounds worth of shares in the firm. The move means he no longer holds any shares in the company. Williamson, who has been CFO since 2003, sold 409,684 shares, which be
Read moreMargins and operating profit improve at Taylor Wimpey
17th Jan 2012 07:21
Housebuilder Taylor Wimpey said trading conditions have remained robust since its interim update in November 2011 and it expects to post an 80% increase in operating profit for the second half of 2011. While momentum continues Taylor Wimpey has also benefited from restructuring and cost cutting inc
Read moreBroker tips: Petrofac, Carpetright, UK house-builders
13th Dec 2011 12:34
Investec has reiterated its buy rating on oilfield services giant Petrofac, following the group's pre-close trading update in which it said it expects to deliver like-for-like (LFL) profit growth in 2011 of at least 20%. "Petrofac continues to make good progress on all fronts and we maintain our po
Read moreBroker snap: UBS warns of macro challenges for UK house-builders
13th Dec 2011 11:35
In its assessment of the UK house-building sector, UBS hails has warned that the upcoming year will be tough on stocks given the more challenging macro-economic outlook. UK house-builders have outperformed the FTSE All-Share index by 25% in 2011 so far, UBS notes, despite a difficult mortgage marke
Read moreFTSE 250 Movers: Michael Page dragging on the index
5th Dec 2011 15:19
Michael Page International was the biggest faller after issuing a profit warning for the fourth quarter claiming the Eurozone crisis has "reduced client and candidate confidence". The company had already reported a weakening of profits in the third quarter, that trend has worsened. Investec cut it
Read moreMonday broker round-up - UPDATE
5th Dec 2011 08:45
Kingfisher: Credit Suisse raises price target to 310p from 295p, outperform rating kept. Berkeley Group: Credit Suisse raises target to 1,225p from 1,079p, maintains neutral. Berkeley Group: UBS raises target to 1,530p from 1,480p. BG Group: UBS ups price target to 1,635p from 1,600p, stays at
Read moreFriday broker round-up - UPDATE
2nd Dec 2011 09:42
Rolls Royce: UBS downgrades to sell from neutral, cuts target to 600p from 610p. Admiral: RBC initiates at underperform with a price target of 890p. Standard Chartered: Nomura reiterates buy recommendation and 1,800p target. Admiral: Investec maintains sell rating, cuts target to 570p from 843
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