Friday broker round-up UPDATE
29th Nov 2013 08:52
Bovis Homes: Panmure Gordon ups target price from 875p to 900p and stays with its buy recommendation. BowLeven: Barclays cuts target price from 175p to 135p maintaining its overweight rating. BT Group: Jefferies shifts target price from 430p to 435p and retains a buy recommendation. Compass Group
Read moreBank's FLS revision opens buying window for housebuilders
28th Nov 2013 16:39
Shares in UK housebuilders subsided markedly today after the government said it would scale back its scheme to boost mortgage lending as the property market continues to improve, which offers investors underweight the sector an opportunity to buy. As house price inflation looks set to accelerate
Read moreFTSE 250 movers: Thomas Cook leads risers after jump in profit
28th Nov 2013 15:50
Travel operator Thomas Cook surged after reporting a better-than-expected 49 per cent leap in full-year operating profits as it lifted its near-term guidance for revenue and cost-cutting. Kenmare Resources's wet concentrator plant A (WCP A) at the Moma Mine returned to full production capability fo
Read moreWednesday broker round-up UPDATE
20th Nov 2013 08:46
Afren: Liberum Capital raises target price from 197p to 232p and maintains a buy recommendation. AstraZeneca: Berenberg cuts target price from 3472p to 3430p reiterating a hold recommendation. AVEVA Group: Liberum Capital reduces target price from 2350p to 2250p and keeps its hold recommendation.
Read moreBovis unveils new Non-Executive Chairman
12th Nov 2013 10:52
Housebuilder Bovis Homes has appointed Ian Tyler to replace out-going Non-Executive Chairman Malcolm Harris from the end of November. Tyler, who has over 20 year's experience in construction and related industries, was Chief Executive of Balfour Beatty from 2005 until March 2013, during which time
Read moreMonday broker round-up UPDATE
11th Nov 2013 08:50
Associated British Foods: Barclays downgrades to equal-weight with a target price of 2100p. Bovis Homes Group: Deutsche Bank moves target price from 1001p to 1008p maintaining a buy recommendation. British Land: Deutsche Bank downgrades to sell with a target price of 520p. British Sky Broadcastin
Read moreFTSE 250 movers: Bovis Homes drives housebuilders higher
8th Nov 2013 15:25
Bovis Homes drove housebuilders higher on Friday after it underlined the healthy state of Britain's housing market by revealing that its forward order book was in its "best position for many years". It said government measures such as the Help to Buy scheme had contributed to an already more confide
Read moreFriday broker round-up UPDATE
8th Nov 2013 09:21
Abcam: Canaccord Genuity moves target price from 396p to 386p and keeps a sell recommendation. N+1 Singer shifts target price from 450p to 445p downgrading to sell. Aberdeen Asset Management: Jefferies lowers target price from 440p to 430p and reiterates a hold recommendation. Anglo American: Gold
Read moreBovis order book in best position for "many years" - UPDATE
8th Nov 2013 07:42
- Private reservations up 45 per cent - Sees 2800 completions in 2013 - Expects FY margins of at least 23 per cent Bovis Homes underlined the healthy state of Britain's housing market after it revealed its forward order book was in its "best position for many years". It said government measures su
Read moreFTSE 250 movers: UBM sinks on profit plunge
22nd Oct 2013 15:34
Shares in media company UBM sank today after the company posted a decline in operating profit, hit by softening conditions in certain markets and a slower summer period, and warned on its full-year underlying revenue growth. The figure is now expected to be at or slightly below the bottom of its gu
Read moreFriday broker round-up UPDATE
11th Oct 2013 08:51
Barratt Developments: Deutsche Bank moves target price from 365p to 391p reiterating its buy recommendation. Bovis Homes Group: Deutsche Bank raises target price from 901p to 1001p and keeps a buy recommendation. Croda International: Liberum Capital downgrades to hold with a target price of 2480p.
Read moreFTSE 250 movers: N Brown declines on flat earnings per share
9th Oct 2013 15:37
Online and catalogue retailer N Brown fell after reporting an 8.0 per cent rise in revenue and 5.9 per cent increase in operating profits in the first half. Adjusted earnings per share, however, were broadly flat, up just 0.6 per cent at 12.55p. Meanwhile, house builders Barratt Developments and B
Read moreBroker tips: Housebuilders, M&S, BSkyB, Greggs
9th Oct 2013 11:52
As part of an upbeat review of the UK housing market, Goldman Sachs has added Taylor Wimpey to its 'conviction buy' list and upgraded its ratings for Bovis Homes and Barratt Developments from 'neutral' to 'buy'. "Partly stimulated by the Help To Buy shared equity scheme, lead indicators such as UK
Read moreLondon midday: Markets pause at three-month low as UK data disappoints
9th Oct 2013 11:19
Disappointing UK production figures and the ongoing political deadlock in the US weighed on market sentiment on Wednesday morning, with the FTSE 100 subdued after hitting a three-month low the day before. London's benchmark FTSE 100 index was trading broadly flat by midday, erasing earlier losses,
Read moreBroker snap: Housebuilders rise after Goldman comments
9th Oct 2013 11:03
Housebuilding stocks were performing well on Wednesday after upbeat comments from Goldman Sachs over the outlook for the market, driven in part by 'Help to Buy'. This comes just days after the government launched the second phase of the mortgage guarantee scheme three months earlier than planned.
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