Berkeley Targets Growth As Full-Year Earnings Falls
25th Jun 2010 07:30
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. home builder Berkeley Group PLC (BKG.LN) Friday posted declines in profit and revenue but said it plans to grow its earnings per share and its land bank by 10% over the next 12 months. "The demanding nature of this challenge
Read moreBerkeley says housing market has stabilised
25th Jun 2010 07:02
Housebuilder Berkeley said the housing market in London and the South East has stabilised as it reported better than expected full-year figures. Pre-tax profit dropped 8.4% to £110.3m in the year ended 30 April, on sales of £615.3m compared with £702.2m last year. The market expected Berkeley to an
Read moreFriday preview: Berkeley, Keller
24th Jun 2010 17:06
London and south-east England focused housebuilder Berkeley publishes full year results for the year to end-April, but analysts will be more interested in how trading has been going since the end of the reporting period, as that covers the time of the general election and the first few weeks of the
Read moreMARKET TALK: Budget Critical To Fortunes Of House Builders
18th Jun 2010 14:04
1304 GMT [Dow Jones] The emergency UK budget on Tuesday will be critical to the fortunes of the UK housing market says Royal Bank of Scotland. Says the sector will be mindful of spending cuts versus tax revenue-raising initiatives. However, thinks the impact of this budget could be limited as the ne
Read moreMARKET TALK: UK Housebuilders Should Improve After The Budget
11th Jun 2010 10:41
0941 GMT [Dow Jones] UK housebuilders offer good value and their shares should perform better once the government's budget is out of the way, says Liberum Capital. Adds that sector underperformance has been driven by risk aversion. Says the budget on June 22 is almost certain to include an increase
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
11th Jun 2010 10:41
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] 0941 GMT [Dow Jones] UK housebuilders offer good value and their shares should perform better once the government's budget is
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
9th Jun 2010 09:04
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0804 GMT [Dow Jones] Investec upgrades Barratt Developments (BDEV.LN) and Persimmon (PSN.LN) to buy from hold, keeping the
Read moreMARKET TALK: Investec Upgrades Barratt, Persimmon To Buy
9th Jun 2010 09:04
0804 GMT [Dow Jones] Investec upgrades Barratt Developments (BDEV.LN) and Persimmon (PSN.LN) to buy from hold, keeping the price targets at 110p and 414p, respectively. Is now a buyer of all the leading house builders. Still has short-term concerns about the market post-election but says they look "
Read moreLondon close: Weak finish as banks retreat
18th Mar 2010 16:35
London closed in the red after a mixed opening on Wall Street as banks and miners ran into profit taking. Among the big caps, GlaxoSmithKline was the best performer, after rival drug group, Switzerland's Novartis, had to hand back US rights of a drug widely considered a generic copy of Glaxo's top
Read moreLondon afternoon: Back to square one
18th Mar 2010 15:19
A mixed opening on Wall Street has provided no guidance for a similarly rudderless London market. Among the big caps, GlaxoSmithKline is the best performer, after rival drug group, Switzerland's Novartis, had to hand back US rights of a drug widely considered a generic copy of Glaxo's top selling
Read moreLondon midday: Second liners hog the limelight
18th Mar 2010 11:54
While the FTSE 100 is becalmed most of the action is taking place in the FTSE 250 today, where a mixed bag of announcements has prompted varied share price reactions. Electronic components distributor Premier Farnell powered ahead after reporting full year sales and underlying profits for fiscal 20
Read moreLondon open: Banks lead decline
18th Mar 2010 08:26
London's top stocks have slipped back in early dealings on Thursday, with banks leading the index lower. Lloyds Banking, Barclays and Royal Bank of Scotland are the three worst performers on the Footsie, closely followed by HSBC. Bakery and sandwich chain Greggs saw full-year profits come in sligh
Read moreBerkeley sees sales at top end
18th Mar 2010 07:28
London and south-east focused housebuilder Berkeley said it has now secured the sales required to meet the board's expectations for its full year results for the year ending 30 April, which are at the higher end of analysts' expectations. In terms of its cash position, the group began the year wi
Read moreFTSE 250 movers: Dignity drifts lower
12th Mar 2010 13:49
Shares in Dignity have continued drifting lower after yesterday's full-year figures. The funeral services group said pre-tax profits climbed to £37.5m from £35.4m on revenues that rose to £184.7m from £175.8m, but market share slipped slightly. The company also said the first quarter of 2010 is exp
Read moreLondon close: Footsie finishes below 5,500
12th Jan 2010 17:17
Equities staged a rally in the afternoon session but it was not enough to push the Footsie back into the black, largely because of weak miners, which took fright at moves by the Chinese central bank to cool down the economy by increasing the reserves ratio for Chinese commercial banks. Fresnillo, L
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