Housing plans in Queen's speech positive for UK-listed builders, says Deutsche Bank
6th Jun 2014 11:13
Deutsche Bank has said that announcements made in this week's Queen's Speech regarding the government's focus on housing supply spells good news for UK-listed housebuilders. The bank said highlights of Thursday's speech included the continued promotion of the Help to Buy scheme, reform of the plann
Read moreFTSE 250 movers: Man climbs after confirming M&A talks
29th May 2014 14:59
Man Group leapt after it confirmed it is in talks to buy US money manager Numeric Holdings. The world's largest publicly traded hedge-fund manager said the discussions are "ongoing and may or may not lead to a transaction". Numeric, which uses quantitative analysis to make investments, manages $13.9
Read moreMonday broker round-up UPDATE
19th May 2014 07:55
Alent: Numis moves target price from 330p to 340p upgrading to add. AVEVA Group: Westhouse Securities initiates with a target price of 2260p and a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 1039p to 1042p and stays with its buy recommendation. Brown (N) Group: J
Read moreSunday newspaper round-up: AstraZeneca, Carney and housing, M&S
18th May 2014 10:57
Pfizer is weighing up a last-minute improvement to its indicative offer for AstraZeneca, the Sunday Times said. Pfizer is expected to increase the cash portion of its offer and could also increase the price per share before the May 26th deadline to secure a deal. It is also in talks with the Governm
Read moreBovis Homes steps up house builds to meet demand
16th May 2014 09:59
Bovis Homes Group said it has stepped up house builds in the year-to-date to meet increased sales activity. The company built 80% more homes in the first four months of 2014 compared to last year. The property firm also achieved a 78% increase in cumulative private reservations, including 253 unit
Read moreSector movers: Confident Taylor Wimpey lifts housebuilders higher
13th May 2014 14:41
Bullish comments from Taylor Wimpey gave housebuilders a big boost on Tuesday as the UK housing market continues to go from strength to strength. The group set out a "new and enhanced" set of ambitious financial targets over the medium-term, aiming for higher margins and returns. It also confirme
Read moreMonday broker round-up UPDATE
14th Apr 2014 09:16
AMEC: Deutsche Bank raises target price from 1250p to 1400p retaining a buy recommendation. AO World: Numis initiates with a target price of 350p and a buy recommendation. BBA Aviation: Goldman Sachs cuts target price from 425p to 405p and keeps a buy recommendation. Bovis Homes Group: Goldman S
Read moreHouse sales increase across Britain, RICS reveals
10th Apr 2014 09:51
House sales across Britain climbed to a six-year high in the first quarter of 2014, with growth spreading 'right across the country', according to the Royal Institution of Chartered Surveyors (RICS). The data was based on the average number of houses sold per chartered surveyor, which rose to 22.7
Read moreDeutsche cites 'interesting buying opportunity' in UK housebuilders
9th Apr 2014 09:44
Analysts at Deutsche Bank recommended buying the UK housebuilders, in particular Barratt Developments, Bovis Homes and Taylor Wimpey, after saying a pull-back in the shares due to concerns about interest rates was "overdone". The broker countered these concerns, pointing to "easy affordability, si
Read moreFTSE 250 movers: Momentum stocks under selling pressure
7th Apr 2014 15:52
Ocado, Rightmove and PayPoint were registering heavy losses on Monday as technology-focused stocks bore the brunt of the wider market sell-off. UK markets were following last week's trend in the States where high growth, 'momentum shares' fell sharply as investors booked profits after the recent sur
Read moreThursday broker round-up UPDATE
27th Mar 2014 09:02
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom
Read moreLondon midday: Insurance stocks push markets higher, but banks fall
26th Mar 2014 11:42
- FTSE 100 at highest since March 11th - Insurers provide a lift, Standard Life and Phoenix in focus - Lloyds drops after government sale, RBS downgraded - ECB, PBoC stimulus hopes and US data drive gains techMARK 2,787.86 +0.51% FTSE 100 6,630.79 +0.39% FTSE 250 16,273.83 +0.75% UK stocks were at
Read moreLondon open: Stocks at two-week high, Standard Life jumps
26th Mar 2014 08:19
- FTSE 100 set for best close since March 12th - Markets track gains on US, Asian indices - Standard Life, Phoenix agree on Ignis deal - Lloyds drops after government sale techMARK 2,793.31 +0.70% FTSE 100 6,620.06 +0.23% FTSE 250 16,264.06 +0.69% UK stocks edged higher on Wednesday morning with m
Read moreLondon open: Stocks surge ahead of data, corporate earnings impress
25th Mar 2014 08:26
- Kingfisher, easyJet, 888 and RSA rise early on - UK inflation expected to ease - US economic data in focus later on - Russia out of G8, threaten more sanctions techMARK 2,777.09 +0.84% FTSE 100 6,579.14 +0.90% FTSE 250 16,121.26 +0.64% UK stocks surged on Tuesday morning ahead of a barrage of e
Read moreBovis Homes signs 80m pounds of private-rent housing deals
24th Mar 2014 07:38
Housebuilder Bovis Homes has signed two deals worth 80m pounds to sell about 510 homes to groups planning to rent them out privately. Bovis said it had signed contracts with two separate investors, one of which was accessing funding through the Government's Build to Rent Scheme, to sell new homes u
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