Prices ahead of expectations at Bovis
9th Jul 2012 07:12
House builder Bovis Homes had a strong first half to 2012, in line with expectations, with net private reservations sharply higher while prices are set to be much better in the second half. For the six months ended 30 June 2012, the group legally completed 944 homes, compared to 801 homes in the sa
Read moreMonday broker round-up
25th Jun 2012 08:56
African Barrick Gold: Nomura cuts target from 685p to 670p, buy rating unchanged. Aquarius Platinum: UBS cuts target from 110p to 55p, neutral rating kept. Avocet Mining: Nomura downgrades from buy to neutral, cuts target from 310p to 220p. Bovis Homes: UBS upgrades from sell to neutral, 465p tar
Read morePrivate reservations up by a third at Bovis
16th May 2012 07:19
Housebuilder Bovis said trading in the 19 weeks to 11 May 2012 has been strong while private net reservations rose by a third to 783 year on year. The group said the number of visitors to Bovis sites increased 51% in the year to date while sale prices on reservations to date have been modestly abov
Read moreLondon close: Stocks flat as investors digest Budget
21st Mar 2012 16:47
- FTSE 100 unchanged on the day after subdued reaction to Budget - MPC unanimous on interest rates, divided on QE - Weir slumps on negative read-across from Baker Hughes The markets gave a rather muted reaction to today's Budget announced by Chancellor of the Exchequer George Osborne at lunchtime,
Read moreFTSE 250 movers: Dixons, Home Retail rise on Sunday trading announcement
21st Mar 2012 15:36
Retailers Dixons and Home Retail were among the best performers after George Osborne's Budget revealed that all-day trading on Sundays will be allowed from July 22nd to coincide with the Olympics and Paralympics. Debenhams was also making gains helped by Citigroup which upped its recommendation on
Read moreBUDGET: Construction sector gets ready for planning changes
21st Mar 2012 13:52
The Chancellor of the Exchequer wants a building boom in Britain. In his budget speech on Wednesday George Osborne declared that planning regulations were going to be cut from 1,000 to 50 pages. He added the changes would be part of an overhaul of planning to be published next week. The review wil
Read moreLondon midday: Markets show caution ahead of Budget
21st Mar 2012 11:32
- Budget to commence shortly - MPC votes unanimously on rates, divided on asset purchases - Wolseley, Serco, Vodafone advance after broker upgrades After a strong start, UK stocks pared early gains ahead of the upcoming 2012 Budget announcement expected shortly from the Chancellor of the Exchequer,
Read moreBroker tips: Imperial Tobacco, Sainsbury, Bovis Homes
21st Mar 2012 11:29
Nomura has reiterated its neutral rating and 2,150p target price for Imperial Tobacco, despite the group's new sales-led growth strategy. "We fail to see Imperial's new sales focus having the impact required in terms of re-invigorating the top line, and believe this will likely become evident with
Read moreBroker snap: UBS ups target for Bovis
21st Mar 2012 11:28
Shares in Bovis Homes were performing strongly on Wednesday morning after UBS raised its target price on the house builder by nearly a fifth; however the broker did maintain its sell rating on the stock on valuation grounds. "Bovis should see substantial increases in profitability over 2012-14E as
Read moreWednesday broker round-up - UPDATE
21st Mar 2012 09:16
Bovis Homes: UBS lifts target from 395p to 465p, sell rating kept. Cairn Energy: UBS cuts target from 370p to 365p, neutral rating unchanged. Debenhams: Citigroup upgrades from hold to buy, target upped from 65p to 85p. Lamprell: Nomura raises target from 265p to 430p, buy rating kept. Logica: S
Read moreTuesday tips round-up: Catlin, Bovis, Barratt...
13th Mar 2012 06:59
Insurance firm Catlin has had a pretty tough year according to Questor in the Telegraph. Its "combined ratio"of 102.6% is not good news as the metric is a measure of profitability for insurers, with anything above 100% implying losses from the core underwriting business. But Questor thinks if Catl
Read moreLondon close: Stocks rally after Germany approves Greek bailout
27th Feb 2012 16:57
- Germany approves Greek bailout. - Oil prices threaten to derail economic recovery. - Essar drops 15% after full-year results. UK stocks rallied in afternoon trade after the German parliament voted in favour of the €130bn bailout for Greece. The FTSE 100 surged by over 50 points in the final two h
Read moreFTSE 250 movers: Cookson up three percent after solid results
27th Feb 2012 14:42
Cookson, the FTSE 250 materials science firm, was a top riser after it reported a rise in revenue, margins and pre-tax profit in the year ended December 31st, despite increasing raw materials prices. Revenue rose 11% at reported rates (9% at constant currency rates) from £2,546m to £2,826m, which t
Read moreLondon midday: Essar, HSBC drag Footsie down 0.85pc
27th Feb 2012 12:04
- Essar, HSBC provide a drag in London. - G20 urges Europe to take action first - Vedanta among the few risers after consolidation plans. London's blue chip index sank to its lowest levels of the day by lunchtime, with banks and miners providing a drag, while Eurozone debt concerns continued to we
Read moreBovis profit soars
27th Feb 2012 07:18
Housebuilder Bovis posted a 74% increase in annual pre-tax profit after it sold more homes at a wider margin. Profit before tax rose to £32.1m for the financial year ended 31 December 2011 from £18.5m the year before. Revenue for the year increased to £364.8m from £298.6m previously. Home complet
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