Bovis half year trading in line; too early to assess Brexit impact
7th Jul 2016 07:33
(ShareCast News) - Bovis said it was "too early" to assess the impact of Brexit on the UK housing market as it reported half year trading in line with expectations and record half year volume of 1,601 new homes, a 5% increase. Reflecting the continuing improving mix towards family homes in the south
Read moreGoldman adjusts ratings on UK housebuilders after Brexit
28th Jun 2016 09:24
(ShareCast News) - Following the UK's decision to leave the European Union, Goldman Sachs expects new build volumes in UK housing to drop 10% next year, versus a previous forecast of 7% growth and house prices to fall by 2%/5% in 2016/17. As far as the UK economy is concerned, the bank has cut its 2
Read moreMonday broker round-up
23rd May 2016 18:04
(ShareCast News) - Royal Mail: RBC upgrades to sector perform with a 525p target. Weir: HSBC upgrades to buy with a 1450p target. Sports Direct: Goldman Sachs downgrades to neutral with a target price of 400p. Easyjet: Macquarie reiterates outperform with a target of 2100p. ICAP: Credit Suisse re
Read moreBroker tips: RBS, Bovis Homes, British Land
10th May 2016 13:11
(ShareCast News) - Royal Bank of Scotland was still on track to generate considerable surplus capital in the medium-term, but the exact amount and timing of any distribution were uncertain, HSBC said. Possible delays to the separation of Williams&Glyn meant the lender might breach its State Aid Comm
Read moreCanaccord reiterates 'buy' rating for Bovis Homes
10th May 2016 09:48
(ShareCast News) - Canaccord Genuity reiterated a 'buy' rating and target price of 1,150p for Bovis Homes on Tuesday after the company released a "reassuring" trading update. Bovis said it had experienced "no discernible impact" of Brexit worries hitting housing demand and that after an initial slow
Read moreBovis Homes back on track for weekly sales rate
10th May 2016 08:12
(ShareCast News) - A trading statement from Bovis Homes revealed "no discernible impact" of Brexit worries hitting housing demand and that after an initial slowdown its sales rate has picked back up to where it was a year ago. The sales rate for the year to date has reached 0.65 reservations per sit
Read moreLiberum sees value in housebuilders after sector subsidence
22nd Apr 2016 09:34
(ShareCast News) - Broker Liberum has upgraded housebuilders Barratt Developments and Persimmon to 'hold' as it toned down its caution on the sector, but said Taylor Wimpey remained a 'sell'. Having turned cautious on housebuilders in November due to stretched valuation and fears of margin pressure,
Read moreUK construction outlook dims, RICS survey finds
20th Apr 2016 10:34
(ShareCast News) - UK construction growth slowed in the first quarter of 2016, according to fresh data, with the rate of private house building slowing to a three-year low. Revealing its research, the Royal Institution of Chartered Surveyors (RICS) said the slowdown in growth had been accompanied by
Read moreFTSE 250 movers: Subsiding house builders undermine index
11th Apr 2016 15:35
(ShareCast News) - The FTSE 250 could not match the small rise of its blue chip neighbour index, falling 0.26% on Monday as its property and housebuilding stocks cast a shadow across the mid caps. House builders on the FTSE 250, including Galliford Try, Crest Nicholson, Bellway, Redrow and Bovis Hom
Read moreHSBC starts 10 UK housebuilders at 'buy'
17th Mar 2016 09:59
(ShareCast News) - HSBC initiated coverage of UK housebuilders saying the sector offers exposure to an area of real undersupply, with the UK government "largely pulling out all the stops to help". It started Barratt Developments, Bellway, Berkeley, Bovis Homes, Crest Nicholson, Galliford Try, McCart
Read moreMonday broker round-up
22nd Feb 2016 13:49
(ShareCast News) - Coca-Cola Hbc: JP Morgan reiterates neutral with a target price of 1450p, Nomura stays at buy with a 1330p target and Deutsche Bank keeps at hold with a target price of 1500p. Standard Life: JP Morgan keeps at overweight with a target of 465p and Deutsche Bank reiterates buy, 415p
Read moreBovis Homes 2015 profit jumps 20%
22nd Feb 2016 07:37
(ShareCast News) - Bovis Homes reported a jump in full year pre-tax profit and revenue as legal completions and prices rose and the housebuilder sounded an upbeat note on 2016. For the year ended 31 December, pre-tax profit came in at £160.1m up from £133.5m in 2014, on revenue of £946.5m, up 17%.
Read moreSunday share tips: Panmure Gordon, UK housebuilders, Fastforward Innovations
14th Feb 2016 15:48
(ShareCast News) - Sell shares in Panmure Gordon said the Sunday Times' Inside the City column. The broker's historic, 140-year-old brand gives it an advantage but as a specialist in small cap and mid-cap clients companies, it has seen its pipeline for flotations, fundraisings and M&A deals run rath
Read moreBovis Homes sees big jump in 2015 revenue and profit
15th Jan 2016 07:49
(ShareCast News) - Housebuilder Bovis Homes said on Friday that it expects to report a "significant" increase in 2015 revenue and pre-tax profit following a record number of legal completions and a big jump in prices. The company sold 3,934 homes, up 8% from 2014, with the average price 7% higher at
Read moreFriday preview: Bovis Homes reports full-year trading update
14th Jan 2016 12:21
(ShareCast News) - Bovis Homes reports its full-year trading update on Friday after warning in late 2015 that annual profit margins would be hit by planning delays and rising costs. In the company's last trading statement, released in November, Bovis revealed said it expected its operating profit ma
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