Sector movers: Redrow and Reckitt give household sector a lift
11th Feb 2015 14:51
Well-received results from builder Redrow and consumer products group Reckitt Benckiser meant the household goods and home construction sector was the best performer in London on Wednesday. Redrow's share price had surged over 12% to 333p by the afternoon session after the company impressed with a s
Read moreBellway eyes 20% margins as housing market "favourable and sustainable"
10th Feb 2015 08:48
Housebuilder Bellway said market conditions "remain favourable" and as a result of continued demand for new homes across the country in the last six months, with volumes and margins both. The FTSE 250 group's forward sales position was up 24.5% year-on-year to £975m, having slowed from the breakneck
Read moreLondon pre-open: Flat start expected, Chinese inflation at five-year low
10th Feb 2015 07:58
A subdued start was expected for equity markets in the UK on Tuesday as investors focused on economic data and kept an eye on developments in Greece. City sources predict the FTSE 100 will open five points higher than Monday's close of 6,837.15. Figures out overnight showed that the annual rate of
Read moreLondon midday: Weak UK production data dampens stocks ahead of US jobs report
9th Jan 2015 11:35
Disappointing UK economic data and nervousness ahead of a key labour-market report in the States sent London's FTSE 100 lower on Friday morning, as stocks pulled back after a surge the previous session. By around lunchtime, the Footsie was trading nearly 0.7% lower at 6,527 with weakness among super
Read moreLondon open: Markets slip ahead of US data, supermarkets and housebuilders fall
9th Jan 2015 09:06
UK stocks endured a subdued start on Friday morning following a huge jump the previous session as markets paused for breath ahead of the pivotal US jobs report. The FTSE 100 was down 0.2% at 6,554 early on, with supermarket stocks pulling back after a strong rally and housebuilders hit by some negat
Read moreLondon open: Stocks rise but FTSE 100 on track for annual decline
31st Dec 2014 08:54
London's stock market rose on Wednesday after a sell-off the previous session, but still looked set to finish 2014 in the red. The FTSE 100 was up 0.2% at 6,559 on the last trading day of the year, but has fallen around 2.8% since the start of January. For the month of December alone, the Footsie h
Read moreMonday broker round-up
15th Dec 2014 09:29
Ashtead Group: Berenberg raises target price from 1170p to 1345p and keeps its 'buy' recommendation. Aviva: Citi increases target price from 590p to 620p and maintains a 'buy' recommendation. Bellway: Deutsche Bank ups target price from 1760p to 1778p and reiterates its 'hold' recommendation. Berk
Read moreSunday share tips: Asia Resource Minerals, Bellway, Hangar8
14th Dec 2014 19:51
Sell shares of Asia Resource Minerals, Danny Fortson advised in The Sunday Times. The Inside the City tipster said the company, formerly known as Bumi, became further entrenched in the "99% club" after its shares hit a new low of 10.25p, less than 1% of their record high. After it bought big Indones
Read moreBroker tips: Weir, Bellway, Spectris
12th Dec 2014 12:46
After the recent decline in Weir Group's shares on the back of the turmoil surrounding the oil price, the valuation of the engineering stock now looks "compelling", according to Canaccord Genuity. The broker upgraded its rating on the shares from 'hold' to 'buy', but slashed its target price from 2,
Read moreNumis downgrades Bellway but lifts forecasts after strong update
12th Dec 2014 10:04
Numis Securities has upped its forecasts for Bellway after a strong start to its fiscal year, but has downgraded its recommendation on the housebuilder from 'buy' to 'add' after the recent strong run in the shares. The stock had gained nearly 18% in the past three months ahead of Friday's statement
Read moreLondon pre-open: Sell-off likely to continue as oil falls, Chinese data disappoints
12th Dec 2014 07:37
The UK stock market is set for another sell-off on Friday after a weak finish in Wall Street and yet more disappointing economic data from China. City sources predict the FTSE 100 will open around 56 points lower than yesterday's close of 6,461.70. This index finished at its lowest level since 4 No
Read moreBellway confident of significant profit growth after solid start
12th Dec 2014 07:13
Housebuilder Bellway is looking forward to "another significant increase in profitability" this year after a solid start, with reservation rates up on last year. The company said that trading has returned to a "more normal seasonal pattern", with a slowdown in the summer being followed by a pick-up
Read moreThursday tips round-up: Sage, Homebuilders
4th Dec 2014 17:24
Analysts are sceptical about Sage's newly arrived chief executive, Stephen Kelly's, strategic plans for the software manufacturer. Nevertheless, the fact remains that Mr.Kelly's track record at his previous outfit, Micro Focus, shows that he is not afraid of 'shaking things up' if necessary. Indeed,
Read moreThursday broker round-up
4th Dec 2014 08:46
Aberdeen: Charles Stanley downgrades to 'hold'. Afren: Canaccord reduces target price from 115p to 65p, while staying with its 'speculative buy' recommendation. Amino Technologies: Northland moves target price from 120p to 130p and retains a 'buy' recommendation. Belgravium Technologies: WH Irelan
Read moreFTSE 250 movers: House-builders fall on slower autumn sales
7th Nov 2014 16:02
Service companies and house-builders were on the move on Friday after updates from several companies in the sectors. Rat-catching group Rentokil Initial failed to snare investors after it blamed currency headwinds and tough markets in mainland Europe for lower revenue and profits at actual exchan
Read more