Sector movers: Housing stocks rise, insurers fall after Budget
19th Mar 2014 14:03
Household goods and home construction stocks were making gains on Wednesday in the aftermath of George Osborne's 2014 Budget, in which he unveiled a number of stimulus measures to boost activity in the housing market. However, the life insurance sector was trading in the red as investors reacted ne
Read moreFTSE 250 movers: Polymetal lifted by broker comments
17th Mar 2014 13:55
Polymetal received a boost from Canaccord Genuity which raised the stock to 'buy' after lifting its assumptions for gold prices over the medium and long term. Kenmare Resources was recovering well after it last week posted losses of $44m for 2013, helped by positive comments from both Goodbody Stoc
Read moreLondon midday: Stocks snap six-day losing streak after Crimea vote
17th Mar 2014 11:36
- Crimea votes to rejoin Russia - Russia-West tensions high after referendum - Housebuilders rise on Help to Buy, housing data - Glencore Xstrata leads miners higher, Vodafone gains techMARK 2,783.12 +0.64% FTSE 100 6,551.58 +0.36% FTSE 250 16,237.65 +0.70% UK stocks were performing well on Monday
Read moreLondon open: Stocks gain after Crimea vote, housebuilders rise
17th Mar 2014 08:49
- Crimea votes overwhelmingly to rejoin Russia - FTSE 100 bounces after three per cent fall last week - Housing stocks gain on Help to Buy extension - Vodafone to buy Ono for 7.2bn euros techMARK 2,784.02 +0.68% FTSE 100 6,552.67 +0.38% FTSE 250 16,257.31 +0.82% UK equities were making decent gain
Read moreGoldman foresees 'strong recovery' in UK housing market
12th Mar 2014 13:16
Goldman Sachs has upgraded Crest Nicholson from 'buy' to 'conviction buy', saying that the focus of the UK housebuilding sector is shifting from earnings to dividends after a strong reporting season. "Eight of the 12 UK housing-related companies under our mid-cap coverage have recently reported res
Read moreBroker tips: Housebuilders, Melrose, Intertek, SOCO International
5th Mar 2014 13:10
Credit Suisse has downgraded its rating for the UK housebuilding sector from 'overweight' to 'market weight', telling investors that it is time to take profits. "To be absolutely clear we are not calling the top of the UK housing cycle, rather we are calling the top of the equity story, as we belie
Read moreLondon midday: Stocks pull back after strong gains, earnings and data in focus
5th Mar 2014 11:34
- Economic data, China targets closely watched - Ukraine crisis still in focus - Admiral jumps, Melrose sinks - Credit Suisse takes down housebuilders techMARK 2,905.24 -0.55% FTSE 100 6,782.33 -0.61% FTSE 250 16,619.55 -0.48% UK stocks fell on Wednesday as investors focused on a string of import
Read more'Take profits' on UK housebuilders after strong run, says Credit Suisse
5th Mar 2014 10:29
Credit Suisse has downgraded its rating for the UK housebuilding sector from 'overweight' to 'market weight', telling investors that it is time to take profits. After the "very significant move" in share prices and valuations across the sector, the bank said this is "as good as it gets", removing i
Read moreWednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
Read moreTuesday broker round-up UPDATE
25th Feb 2014 08:40
African Barrick Gold: Canaccord Genuity raises target price from 205p to 315p and upgrades from hold to buy. Ashmore Group: Canaccord Genuity takes target price from 205p to 315p and downgrades from buy to hold. Associated British Foods: Jefferies increases target price from 2450p to 2600p retaini
Read morePanmure upgrades forecasts for Bovis after 'excellent' results
24th Feb 2014 11:46
Broker Panmure Gordon upgraded its profit and price forecasts for Bovis Homes, saying the house-builder's annual results were excellent. Bovis on Monday said strong demand had fuelled a 48% increase in pre-tax profit in the year to December 31st to £78.8m from £53.2m a year ago on a 31% lift in rev
Read moreBroker tips: HSBC, Bovis Homes, Rightmove
24th Feb 2014 11:43
HSBC´s management made good progress in 'right-sizing' the lender´s operations given the current capital regime and the bank continued to be well-capitalised under the new basel framework for regulatory capital, Canaccord Genuity explained to clients in a note on Monday. Nonetheless, the broker cut
Read moreLondon open: Chinese data pushes stocks into the red
24th Feb 2014 08:20
- Rate of Chinese property price growth slows - Carney dismissed banks' capital requirement concerns - Bunzl jumps on strong results techMARK 2,898.44 +0.14% FTSE 100 6,823.97 -0.21% FTSE 250 16,449.66 -0.07% Disappointing data out from China overnight pushed the FTSE firmly into the red this mor
Read moreMonday broker round-up UPDATE
24th Feb 2014 08:15
Associated British Foods: Numis downgrades from reduce to sell with a target price of 2240p. Panmure Gordon raises target price from 2500p to 2760p and maintains a hold recommendation. Jefferies increases target price from 2450p to 2600p and keeps a hold recommendation. Aviva: JP Morgan shifts targ
Read moreLondon pre-open: FTSE drops after Chinese property data disappoints
24th Feb 2014 07:20
- Chinese property growth slower than predicted - Focus on Eurozone CPI reading - Additional 2trn dollar target set by G20 for economic growth The FTSE is set to register a decline early on, dragged by a drop seen in Asia stocks overnight after Chinese property data showed a slower-than-expected ri
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