Thursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreFTSE 250 movers: CSR leads on buy-out deal
15th Oct 2014 15:53
CSR shares leapt after fellow chip designer Qualcomm announced it was buying out the company for 900p a share or £1.56bn - a 36% premium to Tuesday's closing price. Infrastructure group Balfour Beatty saw its share price jump after appointing Qinetiq's chief executive officer Leo Quinn to take up th
Read moreFTSE 250 movers: Michael Page slides after profit warning, AO tops leaderboard
14th Oct 2014 15:42
The share price of Michael Page International dived after the recruitment firm delivered a profit warning, saying that its full-year bottom line would be "modestly lower than consensus market expectations". The company also said it was more cautious than it was previously on the short-term outlook f
Read moreBellway beats forecasts and pledges 10% volume growth 2015
14th Oct 2014 07:43
As it unveiled a gleaming set of annual results, housebuilder Bellway added that it expected to deliver volume growth of around 10% in the new financial year based on the record size of its order book. The FTSE 250 group has taken about 128 reservations per week in the nine weeks since 1 August, whi
Read moreTuesday share tips: UK house builders, ABF
9th Sep 2014 07:00
Some of the froth has come off the housing market, but home prices have hardly crashed and the largest firms continue to offer attractions for investors. Indeed, shares in the seven largest builders have underperformed the FTSE All-Share during the last six months. However, interest rates, even if t
Read moreFTSE 250 movers: Redrow joins housebuilder slide despite strong results
2nd Sep 2014 14:36
Housebuilders were among the worst performing stocks on the FTSE 250 on Tuesday afternoon as rate-hike speculation continued to dominate sentiment. Data released earlier in the session showed that UK construction activity reached a seven-month high in August. Redrow was even in the red despite beat
Read moreTuesday tips round-up: Royal Dutch Shell, Hyder Consulting, GSK
26th Aug 2014 08:31
There is a lot to be said for value-based investment strategies as the year-to-date performance of The Daily Telegraph Questor column's six picks for 2014 show. They have held up despite market turbulence. The old stock market saying "never sell Shell" held true once again, with the shares deliverin
Read moreSector movers: Housing stocks drop on rate-hike fears, Balfour sinks
20th Aug 2014 15:45
Renewed concerns about an interest-rate hike this year dampened the demand for housebuilding and construction stocks on Wednesday, as investors worried about the potential impact from policy tightening on the housing market. Meanwhile, another takeover rejection by infrastructure specialist Balfour
Read moreLondon midday: UK stocks near three-week high as inflation eases
19th Aug 2014 12:07
- UK inflation drops to four-month low of 1.6% - Housebuilders, retailers on the rise - Imperial impresses with results, BHP falls on demerger plans techMARK 2,802.05 +0.72% FTSE 100 6,766.71 +0.38% FTSE 250 15,903.92 +0.68% UK stocks extended their winning streak into the fifth session on Tuesday
Read moreSunday share tips: Bellway, Standard Chartered, Vertu
10th Aug 2014 19:38
Buy shares of Bellway, whose valuation looks cheap, the Sunday Telegraph's Questor tipster advised. The housebuilder reported record trading on August 8th but the shares have fallen 6% this year on fears that rising interest rates could burst the UK's housing bubble. That leaves the shares trading a
Read moreBellway reports strong H1 growth boosted by market conditions
8th Aug 2014 07:57
Bellway reported strong growth for the first half of 2014, strengthened by strong customer demand and an improving economic outlook. The real estate group expects to increase the value of its forward order book by 36% to £924.3m at 31 July, up from £679.5m the year before. The firm reported a 33%
Read moreLondon close: FTSE in red as housing data, Russia weigh
21st Jul 2014 16:59
- FTSE closes down 21 at 6,728.44 - Ukraine, Gaza driving losses - Housing sector weighs after data techMARK 2,801.01 -0.10% FTSE 100 6,728.44 -0.31% FTSE 250 15,486.10 -0.45% Global tensions and disappointing housing data weighed on sentiment in today's session, with the footsie falling early on
Read moreFTSE 250 movers: Hochschild lifted by rating, Bellway falls
21st Jul 2014 15:32
Housebuilder Bellway was lower amid a wider sector decline after Rightmove published data that showed the average asking price for a UK home dropped 0.8% from £272,275 in June to £270,159 in July. The also had its 'hold' rating reiterated by Deutsche Bank. Oil stocks including Cairn Energy weake
Read moreBroker tips: GlaxoSmithKline, AstraZeneca, Housebuilders
18th Jul 2014 12:23
Panmure Gordon said it is "not expecting fireworks" from GlaxoSmithKline's (GSK) second-quarter results due out next Wednesday. "In light of our recent downgrade to forecasts due to exchange rate headwinds, we are expecting another tough quarter. China has not washed through completely either and g
Read moreUK housebuilders have little to be afraid of, says Liberum
18th Jul 2014 10:53
Liberum has trimmed target prices across the UK housebulding sector but said it still sees upside for stocks despite concerns about a slowing down of the housing market. Taylor Wimpey and Bellway have been named as the top picks in the sector with 'buy' ratings. Bovis Homes, Gleeson and Redrow are
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