Mayor Boris Johnson drives new laws to release London land for housing
15th Jul 2014 14:38
UK housebuilders are optimistic that the Mayor of London, Boris Johnson, can push legislation through parliament that will accelerate the release of public land in the capital to build new homes. Currently in the rest of England outside London, the Homes & Communities Agency, the national housing a
Read moreLondon midday: Housebuilders fall as inflation data sparks rate-hike concerns
15th Jul 2014 12:03
- UK inflation jumps to 1.9% in June - Carney highlights housing concerns - German ZEW survey disappoints - Yellen, US data in focus later on techMARK 2,781.35 -0.46% FTSE 100 6,722.11 -0.36% FTSE 250 15,478.79 -0.64% Rate-hike speculation in the UK and disappointing economic data from Germany saw
Read moreBovis is the cheapest stock in housebuilding sector, says Panmure
8th Jul 2014 13:25
Bovis Homes offers the best value in the housebuilding sector, according to Panmure Gordon, which repeated its 'buy' recommendation on the stock following a decent first-half update. Bovis is this cheapest stock in the housebuilding sector, trading on a prospective price-to-net asset value of 1.2 t
Read moreBroker tips: M&S, Foxtons, Bovis Homes, Monitise
8th Jul 2014 12:50
High street giant Marks & Spencer has, against a backdrop of low expectations, "offered some hope" with its first-quarter update, according to Hargreaves Lansdown Stockbrokers. Analyst Keith Bowman said: "An increased focus on profit margin generates potential longer term optimism, with General Mer
Read moreBovis boasts 'significant improvement' in profits but LFLs slow
8th Jul 2014 07:44
- Legal completions up 54% in H1 - Average sales price up 11% - Operating margin above 15%, from 11.1% Housebuilder Bovis Homes said first-half profits would be "materially" higher year-on-year after it increased the number of homes it built by 54%, although this shows evidence of a slowing down fr
Read moreUBS remains positive on housebuilders, downplays "mild" cooling measures
27th Jun 2014 12:04
UBS has said that the positive fundamentals of the UK housebuilding sector remain unchanged despite recent concerns about how policy changes may affect companies in the industry. The Financial Policy Committee (FPC) on Thursday recommended a cap on loan-to-income (LTI) ratios, suggesting that lende
Read moreLondon midday: Stocks fall on Iraq conflict, but Kentz rockets
23rd Jun 2014 12:00
- Iraq tensions push stocks lower as oil rises - Kentz rockets on SNC-Lavalin bid - Mining stocks higher on China data techMARK 2,841.51 -0.68% FTSE 100 6,807.57 -0.26% FTSE 250 15,698.73 -0.59% UK stocks pared losses on Monday morning but were still trading firmly in the red by midday as ongoing
Read moreLondon open: Iraq conflict dampens stocks, but miners gain
23rd Jun 2014 08:31
- Iraq conflict intensifies as rebels take more ground - Mining stocks gain on China data - Shire pulls back after Friday's jump - ASOS warehouse fire dents shares techMARK 2,846.92 -0.49% FTSE 100 6,795.76 -0.43% FTSE 250 15,731.14 -0.38% UK stocks fell on Monday morning as upbeat economic data f
Read moreJP Morgan says potential UK rate rise unlikely to hit housebuilders
17th Jun 2014 10:32
British housebuilders are unlikely to take a major hit from a rise in interest rates, US broker JP Morgan Cazenove said on Tuesday. The industry's shares fell 5% on Friday after Bank of England Governor Mark Carney said an interest rate hike - which would be the first change in borrowing costs sinc
Read moreFTSE 250 movers: Petra Diamonds sparkles after latest discovery
13th Jun 2014 14:30
Miner Petra Diamonds has recovered an "exceptional" 122.52-carat blue diamond at its Cullinan mine in South Africa. "The rarity of a blue diamond of this magnitude sets it apart as a truly significant find," the company said in a statement. RBC Capital upped its target price from 180p to 200p, ret
Read moreSector movers: Housing and property stocks drop on fears of impending rate hike
13th Jun 2014 14:12
The prospect of a sooner-than-expected rate rise in the UK pushed property stocks and housebuilders lower on Friday, as investors reacted to comments made by policymakers during the Mansion House speeches. Bank of England (BoE) Governor Mark Carney warned on Thursday that the first hike in interest
Read moreLondon midday: FTSE near six-week low as rate-hike speculation sinks housebuilders
13th Jun 2014 11:35
- Housing stocks fall sharply - Carney signals impending rate hike - Osborne acts to cool housing market - Oil stocks track crude higher on Iraq tensions techMARK 2,806.77 -1.40% FTSE 100 6,771.65 -1.04% FTSE 250 15,802.08 -2.01% The increased possibility of a rate hike before the end of the year
Read moreLondon open: Housing stocks weigh as rate-hike expectations increase
13th Jun 2014 08:28
- Housing, property stocks provide a drag - Carney warns of impending interest rate hike - Osborne moves to cool housing market - Oil prices spike on Iraq concerns techMARK 2,830.21 -0.58% FTSE 100 6,817.00 -0.38% FTSE 250 15,984.76 -0.88% Weakness in the housing sector dragged UK stocks lower on
Read moreSector movers: Housebuilders rise on reports of UK brownfield incentives
9th Jun 2014 14:58
Housing stocks were on the rise on Monday amid speculation that the government could soon announce measures to incentivise building on brownfield sites across the UK. According to reports, Chancellor George Osborne could use his Mansion House speech on Thursday to encourage builders to construct ne
Read moreFTSE 250 movers: Property stocks up, miners down
6th Jun 2014 15:16
Synergy Health jumped after Canaccord Genuity raised its rating on the shares from 'sell' to 'hold'. Bellway Homes gained after saying demand for new homes in the UK helped boost sales in the three months to end of May. Bovis Homes also rallied amid data showing a pick-up in housing prices. Lonmi
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