12th Jan 2016 13:37
(ShareCast News) - Jefferies has upgraded house builders Barratt Developments, Berkeley and Galliford Try due to the UK's continued housing shortage outweighing other concerns. The broker said it believes the government's 100,000-a-year target is not achievable with current construction skills short
Read more9th Sep 2015 10:48
(ShareCast News) - In a note analysing the prospects of the UK housebuilders and estate agents sector, Goldman Sachs downgraded both Taylor Wimpey and Redrow to 'neutral' and upgraded Crest Nicholson to its 'conviction buy' list and Foxtons to 'neutral'. Recent data has continued to support a positi
Read more18th Aug 2015 14:23
(ShareCast News) - The FTSE 250 ambled sideways on Tuesday, with falling shares of a host of miners balanced by better than expected inflation data from the Office for National Statistics. At 1515 BST, London's mid-cap index was up 13 points at 17,622.1. Cairn Energy was the major faller, as shares
Read more18th Aug 2015 10:14
(ShareCast News) - The Times' Tempus said Bovis's half-year results showed why the house builder was less attractive than some of its peers. Revenues rose 9%to £350.7m, but operating profit was up only 6% at £54.3m. House builders have had a licence to print money, the Times said, as ultra-low inte
Read more17th Aug 2015 07:27
(ShareCast News) - Bovis Homes posted a 9% rise in first-half pre-tax profit as it reported a record number of legal completions and said it's on track to deliver its expected volume of new homes for 2015. Pre-tax profit for the six months ended 30 June came in at £53.8m from £49.4m in the first hal
Read more17th Aug 2015 07:18
(ShareCast News) - City sources predict the FTSE 100 will open 36 points higher than Friday's close of 6,550.74. European equities are set to start with gains this morning, tracking a modest finish higher in the US on Friday, London Capital Group night dealer Jonathan Sudaria said. "European market
Read more14th Aug 2015 11:34
(ShareCast News) - Several data prints during the coming will add more fuel to debates about interest rates hikes in the UK and US, with inflation figures and Federal Reserve meeting minutes keenly viewed around the world. There will also be a focus on Japan as it begins the week with second quarter
Read more14th Jul 2015 14:30
(ShareCast News) - Mid-caps were in the red on Tuesday as a raft of negative broker comment weighed on stocks and industrial metals stocks plunged. As of 14:45 BST, the FTSE 250 was trading 0.8% lower at 17,573. Insurer Hiscox was in the red as analysts at Credit Suisse downgraded the stock to 'und
Read more6th Jul 2015 13:29
Barclays upgraded Bellway to 'overweight' from 'equalweight' and raised the target price to 2,799.9p from 2,096p, noting the growth ambitions of the UK's fourth largest housebuilder, as it took a look at the UK housebuilding sector. It downgraded Taylor Wimpey to 'equalweight' from 'overweight' but
Read more6th Jul 2015 07:23
Housebuilder Bovis Homes said on Monday that it remains on track to deliver further growth in shareholders returns, as it achieved a record number of first-half legal completions thanks to the high-quality land investments it has made in the last few years. In a trading update for the six-month peri
Read more2nd Jul 2015 10:54
In spite of a strong performance from UK housebuilding stocks year-to-date and over the past five years, UBS has retained a bullish stance on sector, saying there's "still room to run". The bank has hiked target prices for most stocks across the sector by around 20-25% on average. It reiterated its
Read more1st Jul 2015 13:06
Mid-caps gained on Wednesday, championed by strong performances in the construction, telecommunications and property sectors. As of 15:00 BST, the FTSE 250 was trading 1.2% higher at 17,740. Outsourcer Serco topped the risers, after first-half profits came in better than expected, although manageme
Read more26th May 2015 11:33
Greek uncertainty, interest rate speculation stateside and tonnes of US economic data ahead led to a nervous start in London following the long weekend. The FTSE 100, which settled at a two-week closing high of 7,031.72 on Friday, was down 0.23% at 7,015.37 by Tuesday midday. Concerns that Greece w
Read more26th May 2015 11:24
After a mixed bag of results from Royal Mail last week, Cantor Fizgerald has upgraded the shares to 'hold' from its previous 'sell' recommendation. Encouraged by the group's healthy uplift in operating margin, Cantor's analyst Robin Byde lifted his target price on the shares to 550p from 440p, sayin
Read more26th May 2015 10:04
Deutsche Bank has named Taylor Wimpey, Barratt Developments and Bovis Homes as its top picks in the UK housebuilding sector, highlighting the attractive dividend yields across the industry. In its review of the sector, the bank hiked target prices for a host of stocks, including Taylor Wimpey, Barra
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