Berkeley profits receive one-off boost
2nd Dec 2011 07:36
A £30.1m profit on the disposal of a 51% shareholding in a post-graduate accommodation scheme for Imperial College at Clapham Junction inflated the profits of Berkeley Group but even without it the London and South-East focused house builder still notched up a healthy improvement in the bottom line.
Read moreLondon pre-open: Footsie to regain 5,500
2nd Dec 2011 07:30
Having fallen below 5,500 yesterday the blue-chip index is set to move back above that level at the outset this morning, with City traders betting the FTSE 100 will open up around 29 points from yesterday's close of 5,489. Mining colossus Rio Tinto has given the green light to an additional $2.7bn
Read moreFriday preview: Berkeley Group, US non-farm payrolls
1st Dec 2011 09:50
It has been a quiet week for corporate news flow and it is not set to get any busier on Friday, with FTSE 250 house builder Berkeley Group likely to be the big fish in a small pond as it announces its interim results. Broker Northland Securities thinks the group will have put in a strong showing in
Read moreUPDATE: Wednesday broker round-up: Goldman takes down Man and SSE
12th Oct 2011 09:16
Man: Goldman Sachs takes target price down to 230p from 290p. Scottish & Southern: Goldman Sachs adds to 'Conviction sell' list. Imperial Tobacco: Credit Suisse reiterates overweight. United Utilities: Morgan Stanley downgrades to 'neutral'. Robert Walters: Credit Suisse retains at neutral and
Read moreTuesday tips round-up: Spirit, Berkeley, Britvic...
6th Sep 2011 06:53
Long before the pub group's demerger at the start of August, the City had largely labelled the managed operation Spirit Pub Company as a far more attractive proposition than the leased pub group Punch Taverns, says the Investment Column in the Independent. The maiden results from the two de-merged c
Read moreFTSE 250 Movers: Kofax tumbles after missing target
5th Sep 2011 15:29
Kofax saw its share price plummet more than 16% after it reported revenues of $243.9m (£151m) in the year ended 30 June, just shy of the bottom of the $244-246m range the company expected. Investors lost confidence because the sales performance represented 10% organic growth on a constant currency
Read moreBroker tips: Hargreaves Lansdown, Chemring, Berkeley
5th Sep 2011 12:41
After putting its fair value rating on Hargreaves Lansdown on review last week, Singer Capital Markets decided to upgrade the wealth management firm to buy on Monday, "The recent potential U-turn on payments to platforms and share underperformance has presented a long-awaited buying opportunity in
Read moreBroker snap: Panmure keeps hold on Berkeley
5th Sep 2011 12:39
While Berkeley Group presented a strong interim management statement on Monday, showing that trading since May has been ahead of expectations, Panmure Gordon keeps its hold rating on the London- and south east-focused house builder, saying that its current premium rating "looks about fair". "The gr
Read moreBerkeley to hit targets two years early
5th Sep 2011 07:39
London and south-east focused house builder Berkeley Group said market conditions in the four months ended 31st August 2011 have enabled further growth in forward sales which are currently in excess of £850m. Together with the performance in the period since 1st May 2011, the board believes that
Read moreFirst Derivatives non-exec pockets £550,000
7th Jul 2011 15:17
First Derivatives non-executive director Michael O' Neill has pocketed £550,000 from the sale of shares in the Northern Irish provider of software services to investment banks and hedge funds. He sold 100,000 at 550p a time, but still has 640,000 shares, or nearly 4% of the company. "The shares we
Read moreLondon close: Stocks finish higher despite retreat
24th Jun 2011 16:47
Stocks gave up most of their early gains as economic worries resurfaced, but the top share index still closed in positive territory. Some observers attribute this resilience to comments from Chinese Premier Wen Jiabao that may be pointing towards a quicker end than previously expected to tightening
Read moreFTSE 250 movers: Berkeley surges after full-year results
24th Jun 2011 14:51
London and south-east house builder Berkeley Group reported forecast-beating figures on Friday, on both the sales and the profit level, helping shares 9% higher. As a result, Panmure Gordon raised its target price by a fifth from 911p to 1,100p. Imagination Technologies, which makes graphics techn
Read moreBroker tips: Schroders, Berkeley, Game
24th Jun 2011 12:09
Credit Suisse has reduced its forecasts for asset management firm Schroders given the decline in equity markets in the last month. "We have reduced our AUM [assets under management] forecasts for this year and next year by 6-7% reflecting lower markets and slightly more conservative flow assumption
Read moreLondon midday: Gains fade as Bank warns on risks
24th Jun 2011 12:01
Shares are still going well after a strong start but have given up some of their earlier gains as nerves linger over the eurozone situation. With Greece and the European Union settled on the contents of the austerity package to be put before the Greek parliament next week, hopes have risen that th
Read moreBroker snap: Panmure raises Berkeley's target by a fifth
24th Jun 2011 11:53
Berkeley Group produced an excellent set of full-year results, according to Panmure Gordon, who boosts its target price for the house builder by a fifth. "Berkeley Group has produced an excellent set of full year results which in our opinion reflects the strength of its landbank, as well as market
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