London close: Stocks mixed as data shows UK GDP growth
12th Apr 2024 14:45
(Sharecast News) - London's markets closed with a mixed performance on Friday, as investors digested the latest GDP data suggesting an end to the recession in the UK.
Read moreBellway eyes return to growth as first-half profits slump
26th Mar 2024 07:54
(Sharecast News) - Interim profits at UK housebuilder Bellway dropped by more than a half on the back of a slump in housing completions and a deterioration in margins, but the company pointed to an improving economic outlook as mortgage rates continue to fall back.
Read moreLondon close: Stocks fall as investors look to US data
26th Feb 2024 15:11
(Sharecast News) - London markets closed in negative territory on Monday, as investors remained cautious ahead of the release of crucial US economic data later in the week.
Read moreUK housebuilders face CMA probe over info sharing, home quality
26th Feb 2024 07:52
(Sharecast News) - Britain's competition watchdog has started an investigation into eight housebuilders over evidence they may have been sharing information which could be harming competition in the sector and influencing prices.
Read moreLondon close: Stocks turn sour in afternoon trading
9th Feb 2024 15:15
(Sharecast News) - London's markets turned lower on Friday afternoon, concluding a volatile week on a negative note.
Read moreBellway housing revenue tops £1.25bn in first half
9th Feb 2024 07:21
(Sharecast News) - Bellway said in a trading update on Friday that its half-year housing revenue topped £1.25bn, consistent with its projections.
Read moreLondon close: Stocks slip as Barratt, Redrow announce merger
7th Feb 2024 15:00
(Sharecast News) - London's stock markets finished in the red on Wednesday, as investors digested fresh house price data as well as news of a big merger in the housebuilding sector.
Read moreJefferies downgrades Crest Nicholson, ups Persimmon
16th Jan 2024 11:49
(Sharecast News) - Jefferies has upgraded Persimmon and cut its rating on Crest Nicholson following a review of UK housebuilders.
Read moreLondon close: Stocks manage positive finish after mixed session
8th Jan 2024 16:38
(Sharecast News) - London's financial markets experienced a mixed trading day on Monday, with the FTSE 100 and FTSE 250 indices closing in positive territory after spending much of the session in the red.
Read moreLondon close: Stocks rise on flurry of manufacturing data
1st Dec 2023 17:39
(Sharecast News) - London stocks closed positively on Friday, with miners playing a pivotal role following broker upgrades and optimistic Chinese manufacturing data.
Read moreLondon close: Stocks mixed after US, Europe inflation data
30th Nov 2023 15:16
(Sharecast News) - London's markets finished with a mixed performance on Thursday, with the top-flight index lifted by the likes of BP and Shell.
Read moreBellway posts drop in FY profit, sees lower completions
17th Oct 2023 07:59
(Sharecast News) - Housebuilder Bellway reported an 18.1% fall in full-year underlying pre-tax profit on Tuesday amid a "challenging" market, with demand dented by rising mortgage rates, and warned it will build fewer homes in 2024.
Read moreFTSE 250 movers: IWG extends gains, TP ICAP impresses
9th Aug 2023 16:23
(Sharecast News) - Workspace provider IWG was extending gains made on Tuesday after it reported a strong performance across key financial metrics in its first-half results. The company posted a record group revenue total of £1.68bn, up 14% in constant currency year-on-year.
Read moreHousebuilder Bellway to cut jobs as mortgage rates bite
9th Aug 2023 07:40
(Sharecast News) - UK housebuilder Bellway on Wednesday delivered a pessimistic outlook on near-term trading, blaming current "challenging" market conditions on the recent surge in mortgage rates and the end of the Help-to-Buy scheme.
Read moreBellway still sees lower output, average selling prices
13th Jun 2023 07:01
(Sharecast News) - UK housebuilder Bellway said it expected lower output and average prices due to a weaker order book and an uncertain interest rate environment.
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