MARKET TALK: Credit Suisse Adjusts Ratings On UK Housing Stocks
5th Jul 2010 07:58
0658 GMT [Dow Jones] Credit Suisse adjusts ratings on UK housing stocks in its latest sector note. Brokerage believes buying opportunities remain within the sector, "despite downward revisions to our price and volume forecasts for 2011 and a significant change to our valuation methodology that mater
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
5th Jul 2010 07:58
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0658 GMT [Dow Jones] Credit Suisse adjusts ratings on UK housing stocks in its latest sector note. Brokerage believes buying
Read moreMARKET TALK: Budget Critical To Fortunes Of House Builders
18th Jun 2010 14:04
1304 GMT [Dow Jones] The emergency UK budget on Tuesday will be critical to the fortunes of the UK housing market says Royal Bank of Scotland. Says the sector will be mindful of spending cuts versus tax revenue-raising initiatives. However, thinks the impact of this budget could be limited as the ne
Read moreMARKET TALK: Budget Could Stall Mid/Small Cap Outperformance
16th Jun 2010 10:56
0956 GMT [Dow Jones] Next week's UK budget could mark the end of the outperformance of mid and small-cap stocks, due to their generally higher exposure to government contracts, says Deutsche Bank. Suggests the IT services sector, newspapers, defense stocks and housebuilders could continue to struggl
Read moreMARKET TALK: UK Housebuilders Should Improve After The Budget
11th Jun 2010 10:41
0941 GMT [Dow Jones] UK housebuilders offer good value and their shares should perform better once the government's budget is out of the way, says Liberum Capital. Adds that sector underperformance has been driven by risk aversion. Says the budget on June 22 is almost certain to include an increase
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
11th Jun 2010 10:41
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0941 GMT [Dow Jones] UK housebuilders offer good value and their shares should perform better once the government's budget is
Read moreBovis Homes Launches New Mortgage With Barclays
9th Jun 2010 11:48
LONDON (Dow Jones)--Bovis Homes Group PLC (BVS.LN), company involved in designing, building and selling homes for both private and public sector, announced Wednesday the launching of a new innovative mortgage product in partnership with Barclays PLC (BARC.LN). MAIN FACTS: -To support its cus
Read moreNew Connaught chairman invests £500,000
11th May 2010 16:40
Newly appointed non-executive chairman Sir Roy Gardner has invested nearly £500,000 in social housing repairs group Connaught. He has bought 158,808 shares at 314.8p a share. He did not own any shares prior to the purchase. Sir Roy is an ex-chief executive of Centrica and the current chairman of
Read moreLondon close: Greece pulls Footsie down again
6th May 2010 16:43
Footsie ended the day sharply lower as Greece's problems reared up again and investors fretted about the outcome of today's election. Banks were hit hard as ratings agency Moody's warned that the UK lenders are "at risk of Greek contagion". Barclays, Royal Bank of Scotland, HSBC and even Asia-foc
Read moreLondon afternoon: Banks throw a Moody
6th May 2010 14:16
Footsie's morning gains evaporated over the lunch time session as fears over the debt crisis spreading from Greece reared up again. Banks were hit hard as ratings agency Moody's warned that the UK lenders are "at risk of Greek contagion". Barclays, Royal Bank of Scotland, HSBC and even Asia-focus
Read moreLondon midday: Modest gains for Footsie
6th May 2010 12:19
Footsie finished the morning in positive territory after a nervous start, with those looking for an excuse to buy finding plenty of reasons to do so from some of the big companies declaring results today. Fund manager Schroders is top of the tree after it said the momentum built up in 2009 has cont
Read moreLondon open: Footsie adds to losses
6th May 2010 08:20
London's top stocks are continuing this week's downward trend as the economic turmoil in Greece is still worrying investors. The European Central Bank is meeting this morning to discuss how to protect the Euro and calm down fears of a contagion. Wm Morrison is one of this morning's fallers after t
Read moreLondon pre-open: More falls expected
6th May 2010 07:38
Footsie is expected to fall further in early dealings falling a drop on Wall Street overnight as the economic turmoil in Greece continues to worry investors. Investors also have a stream of company updates to digest. Supermarket group Wm Morrison reported a small rise in first-quarter like for lik
Read moreBovis says prices ticking higher
6th May 2010 07:23
Housebuilder Bovis Homes said sale prices have been modestly ahead of expectations so far in 2010. Weekly reservation sales have been in line with management expectations and have been consistent since the bad weather in the first two weeks of the year melted away. Excluding the first two weeks of
Read moreFTSE 250 movers: Bellway builds gains
24th Mar 2010 13:23
Bellway leads the risers. The housebuilder upped its dividend by 10% after moving back into profit in the half year to January 31. Pre-tax profits during the six month period totalled £19m, up from a loss of £48.6m. Turnover climbed to £360.8m from £320.2m, as falling house prices attracted new buy
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