Bellway hikes dividend as interim profit jumps
22nd Mar 2016 07:38
(ShareCast News) - Bellway reported a big jump in interim pre-tax profit as revenue grew and the FTSE 250 housebuilder hiked its dividend. In the six months to the end of January, pre-tax profit rose 42.6% to £226.6m on revenue of £1.08bn, up 30.5% from 2015. Earnings per share came in at 148.7p fr
Read moreBroker tips: OneSavings Bank, UK housebuilders, InterContinental Hotels
17th Mar 2016 13:40
(ShareCast News) - OneSavings Bank's shares surged on Thursday as Investec reiterated its 'buy' rating and target price of 380p after the company reported a jump in full year profits. The company reported underlying profit before tax was up 52% to £105.9m in 2015, and loans and advances grew 31% to
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 moreFTSE 250 movers: Home Retail leads risers over possible bidding war
22nd Feb 2016 15:29
(ShareCast News) - The FTSE 250 was firmly in the black on Monday, up 124.90 points (0.77%) to 16,282.96 by mid-afternoon. Home Retail Group led the risers following media reports over the weekend that Sainsbury's could seek an extension to the Takeover Panel's 18 March deadline, after South African
Read moreThursday broker round-up
18th Feb 2016 19:08
(ShareCast News) - Hammerson: Exane BNP Paribas downgrades to neutral, 620p target. Go-Ahead Group: Shore Capital upgrades to buy. Auto Trader: JP Morgan reiterates to overweight with a 420p target and Deutsche Bank maintains hold, 375p target. Glencore: Citigroup keeps at buy with a 140p target.
Read moreBellway on target for 10% full year volume growth
10th Feb 2016 07:33
(ShareCast News) - Housebuilder Bellway reported strong growth in first half housing completions and said it remains on target to deliver a 10% rise in full year volumes. In a trading update for the six months to the end of January, it said housing completions were up 11.6% from 2015 to 4,188. Mean
Read moreJefferies hoists target prices for housebuilding sector
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 moreBroker tips: Bellway, Whitbread, Berenberg
14th Dec 2015 11:55
(ShareCast News) - Goldman Sachs has removed Whitbread from its Pan-Europe Buy List, downgrading it from 'buy' to 'neutral' on the back of its third quarter results. The investment bank said on Monday that UK revenue per available room (RevPAR) growth for the FTSE 100 company, which owns hotel brand
Read morePositive trading update leads Citi to upgrade Bellway to buy
14th Dec 2015 11:38
(ShareCast News) - Citi has upgraded Bellway from 'neutral' to 'buy' on the back on a positive trading update last week. The FTSE 250 housebuilder said on Friday it expects total completions and average selling prices to rise in the full year as it reported an "excellent" start to the current financ
Read moreUK housebuilders boosted by upbeat BoA ML note
14th Dec 2015 10:59
(ShareCast News) - Bank of America Merrill Lynch upgraded its stance on Barratt Developments to 'neutral' from 'underperform' as it took a look at UK housebuilders. The bank said it remained supportive of the sector and reiterated buy-rated Persimmon, Taylor Wimpey and Bellway as its top picks. "W
Read moreFTSE 250 movers: Oil prices weigh on market
11th Dec 2015 15:25
(ShareCast News) - With only two weeks to Christmas, the FTSE 250 wasn't feeling very festive on Friday after it fell 159.12 point (0.93%) to 16,921.13 by mid-afternoon. Oil stocks weighed on the second-tier market as oil prices hit new lows on Friday. Brent hit a seven-year low at $38.84, while Wes
Read moreBellway upbeat on full year as it posts 12% rise in reservation rate
11th Dec 2015 07:31
(ShareCast News) - Housebuilder Bellway said it expects total completions and average selling prices to rise in the full year as it reported an "excellent" start to the current financial year. In a trading update for the 18-week period from 1 August to 6 December, it said the reservation rate increa
Read moreLondon pre-open: Stocks seen lower on negative Asian cues
11th Dec 2015 07:12
(ShareCast News) - London stocks are called to open lower on Friday, taking their cue from a downbeat session in Asia. Shares in China and Hong Kong slid as the yuan hit its lowest level in four years. The FTSE 100 is expected to open 21 points lower than Thursday's close at 6,067. On the data fro
Read moreWednesday newspaper share tips: Housebuilding boom to benefit Bellway investors
14th Oct 2015 11:09
(ShareCast News) - The housing market is again in the headlines as it was in the sights of The Times' Tempus on Wednesday. The newspaper pundit said there's no reason the housebuilding boom should reverse, which is good news if you're looking into Bellway shares. It said the Newcastle-based property
Read moreLondon close: Stocks close lower on UK deflation, weak Chinese trade data
13th Oct 2015 16:12
(ShareCast News) - The FTSE 100 ended down 28.90 points to 6,342.28 on Tuesday as September data showed the UK experienced deflation and China's exports and imports declined. The Office for National Statistics said the UK consumer price index fell 0.1% year-on-year last month, compared to analysts'
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