London open: Traders watching Greece, US jobs
5th Jun 2015 09:26
UK stocks started the morning on the back foot after Greece missed the €300m payment it was due to make to the International Monetary Fund (IMF). As of 09:36 the FTSE 100 was falling by 53.64 points to 6,805.24. Instead, the troubled country has decided to pay its outstanding debt in one payment at
Read moreLondon pre-open: Stocks to slide as Greece misses €300m payment
5th Jun 2015 07:35
UK stocks were forecast to open on the back foot on Friday after Greece missed the €300m payment it was due to make to the International Monetary Fund (IMF). City sources predict the FTSE 100 will open around 16 points lower than Thursday's close of 6,859.24, which marked a 1.3% drop on the day. Th
Read moreBellway anticipates increase in operating margins
5th Jun 2015 07:21
An interim management statement from Bellway revealed the housebuilder expects its full year operating margin to increase by around 300 basis points to over 20%, up from 17.2% in 2014 following what it described as a strong trading performance. Excluded from this are the proceeds from the disposal o
Read moreUBS lifts Bellway price target; says it's "a growth story not to be forgotten"
29th May 2015 11:55
UBS raised its price target on Bellway to 2,560p from 2,140p. "We believe in the context of our positive outlook on the UK housing market, Bellway continues to be an attractively valued and conservatively managed growth story," it said. The Swiss bank noted that Bellway has underperformed the UK ho
Read moreDeutsche Bank hails top-ranking dividend yields of UK housebuilders
26th 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
Read moreBroker tips: Housing stocks, Reckitt Benckiser, Majestic Wine
10th Apr 2015 11:34
Housebuilders were putting in decent gains on Friday as Jefferies upgraded ratings for stocks across the sector after recent data pointed to a stronger pre-election housing market than anticipated. The broker raised Bellway, Bovis Homes, Countrywide, Crest Nicholson, Redrow, Taylor Wimpey and Zoopla
Read moreHousing stocks jump as Jefferies turns more positive on sector
10th Apr 2015 09:28
Housebuilders were putting in decent gains on Friday as Jefferies upgraded ratings for stocks across the sector, saying that companies have "springs in their steps". The broker raised Bellway, Bovis Homes, Countrywide, Crest Nicholson, Redrow, Taylor Wimpey and Zoopla from 'hold' to 'buy'. Barratt D
Read moreLondon open: UK stocks near record highs as housebuilders rise
10th Apr 2015 08:33
UK stocks were on track to hit a new record on Friday, helped by strong gains in the housebuilding sector. London's FTSE 100 was up 0.46% at 7,047.39 shortly after the open. The index's previous closing high of 7,037.67 was set on 23 March, while the intraday record of 7,065.08 was set on 24 March.
Read moreThursday tips round-up: Bellway, CardFactory
26th Mar 2015 17:45
There is no sign that housing is cooling off, homebuilder Bellway told investors. Since January its reservations were up by 10%, despite the uncertainty surrounding the upcoming elections. In the latest half-year, ended in January, the company increased its spend on land by 48% to hit £355m - althou
Read moreLondon close: FTSE 100 pulled below 7000 by declines on US markets
25th Mar 2015 16:51
London's FTSE 100 accelerated in the red by the end of Wednesday's session with declines in US markets offering direction to the downside. Late in Europe, Dow Jones Industrial Average is down 1.1% in New York and the S&P500 is off 0.9% in low volume trade with markets cutting exposure following poor
Read moreFTSE 250 movers: Balfour higher on cost saving pledge, miners and oil stocks lower
25th Mar 2015 13:55
Shares in UK construction firm Balfour Beatty rose as it pledged to implement cost saving measures after reporting deep losses last year which forced it to suspend its dividend. Housebuilder Bellway surged as profits jumped to a record high in the first six months of its financial year, prompting th
Read moreLondon midday: FTSE 100 rangebound as market lacks clear direction
25th Mar 2015 12:01
UK equities traded in a narrow range on Wednesday, unable to pursue a firm direction as markets continue to be conflicted with mixed signals. At 1212 GMT, the FTSE 100 index was flat at 7020. On Tuesday, a slide on Wall Street which caused the S&P500 to close 13 points lower pressured Asian share m
Read moreLondon open: FTSE 100 plays catch up with peers after previous weak finish
25th Mar 2015 09:04
UK's FTSE 100 index is playing catch up with its European counterparts who outperformed it in the previous session. On Tuesday, the London benchmark pared session losses to close lower while Germany's DAX and France's CAC-40 swung mildly higher. In Wednesday's session, the tables have turned in fav
Read moreLondon pre-open: Subdued start expected for UK stocks
25th Mar 2015 07:45
UK stocks are expected to experience a quiet start on Wednesday morning, with investors continuing to trade cautiously with markets near record highs. City sources predict the FTSE 100 will open just a few points lower than Tuesday's close of 7,019.68. The Footsie had pulled back from the all-time
Read moreBellway hikes interim dividend 56% after record earnings
25th Mar 2015 07:20
Profits at UK housebuilder Bellway jumped by more than a half to a record in the first six months of its financial year, prompting the company to hike its interim dividend by 56.3%. The company declared a dividend of 25p per share for the first half and said it expects an increase in the final divid
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