London midday: Shares comes off the top
7th Jul 2009 12:11
Prices are off the top despite expectations of a moderately firmer opening on Wall Street. Earlier shares had been given a lift by the release of the latest British Chambers of Commerce (BCC) survey showed a rebound of confidence levels in the second quarter. Britain may have seen the worst of the
Read moreBroker snap: Bovis and Bellway offer best value
6th Jul 2009 13:09
RBS has taken a look at the UK housebuilding sector and reckons Bellway and Bovis Homes offer the best value in the sector after both stocks went into a slump post-April. Royal Bank of Scotland (RBS) has upgraded both stocks to "buy", with Bellway upgraded from "hold" and Bovis from "sell". Ahead
Read moreFTSE 250 movers: Moneysupermarket update cheers market
6th Jul 2009 12:33
Price comparison website Moneysupermarket.com is going well after saying results for the third quarter are in line with expectations after a mixed third quarter. The firm's travel operations were among the strong performers. EasyJet gain altitude after the airline said it carried 0.8% more passenge
Read moreWeek Ahead: Michael Page, Bovis Homes, BoE rate decision
3rd Jul 2009 10:49
The rise in unemployment has hit profitability at recruitment firm Michael Page, which issues a trading update on Tuesday. The company has around 150 offices in 28 countries so it is not just the UK market where it is hurting. In April it reported a 39% slump in UK gross profits, while Asia-Pacific
Read moreBroker tips: M&S, Lloyds, housebuilders
1st Jul 2009 12:46
The first quarter trading update from Marks & Spencer has pleased the market, with the food division showing its third consecutive quarter of improved performance. Singer Capital Markets, which believes the shares are fairly priced, acknowledges that first quarter sales were "considerably better" t
Read moreBroker snap: Housebuilders oversold
1st Jul 2009 12:02
The share price revival by housebuilders ran out of steam in June but Merrill Lynch believes many of the big names in the sector are undervalued and trading on a "worst case scenario" basis. The broker has upgraded Taylor Wimpey and Persimmon from "neutral" to "buy" on valuation grounds. Merrill Ly
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