Sector movers: Berkeley profit rise boosts housebuilders
3rd Dec 2010 16:24
Berkeley Group's numbers have given the home construction sector a lift. The London and south-east England focused housebuilder, has had a "strong" first half and thinks it can beat original expectations for the full-year. Profit before tax for the six months ended 31 October grew 18.5% to £61.6m
Read moreBerkeley in forecast-beating mood
3rd Dec 2010 07:28
Berkeley Group, the London and south-east England focused housebuilder, has had a "strong" first half and thinks it can beat original expectations for the full-year. Profit before tax for the six months ended 31 October grew 18.5% to £61.6m as revenue jumped 16% to £336.2m. Net asset value (NAV) pe
Read moreFriday preview: Greene King, Berkeley Group, US jobs
2nd Dec 2010 16:12
Thursday's results from brewing and pubs group Marston's were well received, throwing down a "top that" challenge to mid-cap sector peer Greene King,which brings out interim figures on Friday. The Abbot Ale brewer has Goldman Sachs in its corner; the US investment bank thinks the retail numbers wil
Read moreLondon close: Footsie recovers as M&A action heats up
15th Nov 2010 16:37
The top share index snapped out of a weak start to finish in positive territory Monday as jitters over the Irish debt situation eased and bid speculation and company updates attracted attention. Shares in Invensys moved higher despite the engineering firm denying press reports that it has received
Read moreLondon afternoon: Bid activity keeps the pot bubbling
15th Nov 2010 14:07
A sprinkling of bid speculation is livening up markets this Monday, as traders wait for the Irish sovereign debt situation to play itself out. Shares in Invensys are higher despite the engineering firm denying press reports that it has received an approach. The company's chief executive Ulf Henrik
Read moreLondon close: US spurs Footsie recovery
8th Sep 2010 16:36
Footsie put its weak start behind it to close with good gains, helped by buoyant trading on Wall Street. US shares recovered from losses yesterday that snapped a recent winning streak. Among the risers here was ARM Holdings. UBS has issued a downbeat assessment of the European semiconductor mark
Read moreLondon afternoon: ARM in line for Samsung boost
8th Sep 2010 14:28
Footsie emerged from the lunch-time session nursing a small gain, with the majority of the blue-chip index's constituents in positive territory. Chief among them was chip designer ARM Holdings. UBS has issued a downbeat assessment of the European semiconductor market but it has made an exception o
Read moreLondon midday: BP spreads the blame
8th Sep 2010 12:00
It's back to square one for London with the Footsie virtually unchanged at the end of the morning session after early losses were wiped out. News that the US markets look set to open firmer after yesterday's triple-digit fall for the Dow has bolstered confidence this side of the pond. BP edged high
Read moreLondon open: Dull start for blue chips
8th Sep 2010 08:45
Last night's triple-digit drop on Wall Street and further losses in Asia meant a poor start in London. US stocks fell on concerns about the European bank stress tests. Property groups are the best performers with Land Securities, Hammerson and British Land all rising strongly. A potential politic
Read moreLondon pre-open: Heading south
8th Sep 2010 07:36
Last night's triple-digit drop on Wall Street and further losses in Asia this morning point to a poor start for London Wednesday. US stocks fell on concerns about the European bank stress tests. Futures prices currently indicate a 20-point fall for the FTSE 100. Vodafone is selling its 3.2% stake
Read moreBerkeley leans on strong London demand
8th Sep 2010 07:27
South east-based housebuilder Berkeley reports demand in the Capital has held up over the past three months, though business is tougher outside London and it is concerned over the changes to the planning process. "Demand for properties in the period from 1st May to 31st August 2010 has been resili
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jul 2010 10:38
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0938 GMT [Dow Jones] Royal Bank of Scotland downgrades Barratt Developments (BDEV.LN) to hold from buy and cuts target price
Read moreMARKET TALK: RBS Reviews UK Housebuilders
28th Jul 2010 10:38
0938 GMT [Dow Jones] Royal Bank of Scotland downgrades Barratt Developments (BDEV.LN) to hold from buy and cuts target price to 110p from 162p. Says while higher land investment intensity will be validated if trading stability holds, it adds an extra layer of volatility in the event of macro weaknes
Read moreMARKET TALK: Morgan Stanley Cuts Berkeley Group Price Target
23rd Jul 2010 10:58
0958 GMT [Dow Jones] Morgan Stanley cuts Berkeley Group (BKG.LN) target to 990p from 1000p. Says with prospects of a double-dip in the UK housing market looking unlikely, better value can be found elsewhere in the sector. Prefers Taylor Wimpey (TW.LN) and Barratt Developments (BDEV.LN), both rated
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jul 2010 10:58
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0958 GMT [Dow Jones] Morgan Stanley cuts Berkeley Group (BKG.LN) target to 990p from 1000p. Says with prospects of a double-
Read more