FTSE 250 movers: Commodities cause market to slide
13th Oct 2015 14:15
(ShareCast News) - The FTSE 250 continued to slide on Tuesday, dropping 94.11 points (0.55%) mid-afternoon to 16,892.84 after much weaker than expected data on Chinese imports in September. Natural resource related companies were the biggest fallers of the day. Evraz led the pack on the back of gold
Read moreBellway beats expectations with bumper profits growth
13th Oct 2015 07:14
(ShareCast News) - Housebuilder Bellway's 44% rise in full year profits to £354.2m was well ahead of consensus forecasts, allowing it to reward shareholders with a bumper dividend increase. Revenues at the Newcastle-headquartered group rose 18.9% to almost £1.77bn in the year to 31 July, with the pr
Read moreCrest Nicholson and Foxtons upgraded as Goldman hails mid-size housebuilders
9th 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 moreReal UK house prices still below pre-crisis peak, Barclays says
2nd Sep 2015 13:18
(ShareCast News) - On average, real house prices in the UK continue to be far below their pre-crisis peaks, but some indicators are pointing to an acceleration, favouring those homebuilders which are continuing to seek further volume growth, a leading team of research analysts claimed. Since 1975, n
Read moreReal UK house prices far below pre-crisis peak, Barclays points out
2nd Sep 2015 13:11
(ShareCast News) - On average, real house prices in the UK continue to be far below their pre-crisis peaks, but some indicators are pointing to an acceleration, favouring those homebuilders which are continuing to seek further volume growth, a leading team of research analysts claimed. Since 1975, n
Read moreBellway sells record number of homes, confident over outlook
7th Aug 2015 07:45
(ShareCast News) - Housebuilder Bellway sold more homes at higher prices in 2015 as it continued to trade well against a backdrop of favourable market conditions and said its order book leaves it in a solid position going forward. In the year ended 31 July, the company sold a record 7,752 homes, up
Read moreHousing and property stocks hurt by Osborne's Budget buy-to-let and non-dom crackdowns
8th Jul 2015 15:57
London's housebuilders were hit by several measures unveiled by George Osborne in his Budget statement, with shares across the sector down in Wednesday afternoon trading. The Chancellor revealed measures to cut tax relief on mortgage interest for buy-to-let landlords, which was expected to take some
Read moreFTSE 250 movers: Falling mining and oil stocks outweigh rising housebuilders
6th Jul 2015 16:09
London's second-tier index was registering losses on Monday in the aftermath of the Greek referendum, with decent gains in the housebuilding sector offset by falls from mining and oil stocks. Diversified mining group Vedanta Resources was a heavy faller on the FTSE 250, dropping over 7%, as an avers
Read moreBarclays reviews UK housebuilders; upgrades Bellway, downgrades Taylor Wimpey
6th 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 moreUBS still sees "room to run" in UK housebuilding sector
2nd 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 moreThursday broker round-up
25th Jun 2015 16:55
ARM Holdings: Credit Suisse upgrades to outperform with a target of 1,300p. Admiral Group: Citi downgrades to sell with 1,335p target. Antofagasta: Stifel initiates at hold. Bellway: Jefferies upgrades to buy and raises target to 2,997p from 2,542p. LSE Group: RBS upgrades to outperform. Petrofa
Read moreBroker tips: Hargreaves Lansdown, Bellway, Vodafone
8th Jun 2015 17:14
RBC Capital Markets downgraded Hargreaves Lansdown to 'underperform' from 'sector perform' but raised the target price to 1,100p from 1,050p. It said that while Hargreaves remains a high-quality, well-managed company with an impressive ability to attract net inflows, the stock is now expensive histo
Read moreBellway downgraded to 'neutral' by Citigroup on valuation
8th Jun 2015 13:39
Citigroup downgraded Bellway to 'neutral' from 'buy' but raised the target price to 2,540p from 2,160p, saying that the company is making very good progress but the valuation is up with events for now. "Given the recent strong bounce in the share price (up by +20% over the last month and by around 6
Read moreMonday broker round-up
8th Jun 2015 08:04
Shire: Deutsche Bank reiterates buy recommendation and 6,000p target. Bellway: Deutsche Bank stays at hold with a 2,326p target price, Citi reiterates buy. Halfords: Deustche Bank remains at hold and ups target to 480p from 460p. Churchill Mining: Northland initiates coverage at 'speculative buy'.
Read moreLondon midday: FTSE in the red after Greek announcement, ahead of US non-farm payrolls
5th Jun 2015 11:51
London stocks were firmly lower by lunchtime on Friday, weighed down by Greece's announcement and caution ahead of the release of non-farm payrolls figures in the US, due out later on in the session. Greek authorities announced that they have decided to pay the outstanding debt in one payment at the
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