Friday broker round-up UPDATE
18th Jul 2014 07:55
Barclays: Credit Suisse cuts target price from 275p to 235p retaining a neutral rating. Barratt Developments: Liberum Capital reduces target price from 468p to 387p and downgrades to hold. Bellway: Liberum Capital reduces target price from 1900p to 1764p, while leaving its buy recommendation uncha
Read moreUBS remains positive on housebuilders, downplays "mild" cooling measures
27th Jun 2014 12:04
UBS has said that the positive fundamentals of the UK housebuilding sector remain unchanged despite recent concerns about how policy changes may affect companies in the industry. The Financial Policy Committee (FPC) on Thursday recommended a cap on loan-to-income (LTI) ratios, suggesting that lende
Read moreJP Morgan says potential UK rate rise unlikely to hit housebuilders
17th Jun 2014 10:32
British housebuilders are unlikely to take a major hit from a rise in interest rates, US broker JP Morgan Cazenove said on Tuesday. The industry's shares fell 5% on Friday after Bank of England Governor Mark Carney said an interest rate hike - which would be the first change in borrowing costs sinc
Read moreLondon open: Stocks rebound from seven-week low, but Iraq still in focus
17th Jun 2014 08:20
- FTSE 100 rebounds from lowest since April 28th - Iraq tensions continue, US deploys troops - UK inflation data in focus - Shire gains on M&A hopes, Astra also in spotlight techMARK 2,802.94 +0.21% FTSE 100 6,762.27 +0.11% FTSE 250 15,730.40 +0.15% UK stocks rose slightly on Tuesday morning, boun
Read moreFTSE 250 movers: Petra Diamonds sparkles after latest discovery
13th Jun 2014 14:30
Miner Petra Diamonds has recovered an "exceptional" 122.52-carat blue diamond at its Cullinan mine in South Africa. "The rarity of a blue diamond of this magnitude sets it apart as a truly significant find," the company said in a statement. RBC Capital upped its target price from 180p to 200p, ret
Read moreSector movers: Housing and property stocks drop on fears of impending rate hike
13th Jun 2014 14:12
The prospect of a sooner-than-expected rate rise in the UK pushed property stocks and housebuilders lower on Friday, as investors reacted to comments made by policymakers during the Mansion House speeches. Bank of England (BoE) Governor Mark Carney warned on Thursday that the first hike in interest
Read moreLondon open: Housing stocks weigh as rate-hike expectations increase
13th Jun 2014 08:28
- Housing, property stocks provide a drag - Carney warns of impending interest rate hike - Osborne moves to cool housing market - Oil prices spike on Iraq concerns techMARK 2,830.21 -0.58% FTSE 100 6,817.00 -0.38% FTSE 250 15,984.76 -0.88% Weakness in the housing sector dragged UK stocks lower on
Read moreSector movers: Housebuilders rise on reports of UK brownfield incentives
9th Jun 2014 14:58
Housing stocks were on the rise on Monday amid speculation that the government could soon announce measures to incentivise building on brownfield sites across the UK. According to reports, Chancellor George Osborne could use his Mansion House speech on Thursday to encourage builders to construct ne
Read moreSunday share tips: Home Retail, Bellway, Minoan
8th Jun 2014 17:29
Be wary of Home Retail's revival, Danny Fortson advised in the Sunday Times. The owner of Argos and Homebase has surprised investors by turning itself into a click-and-collect powerhouse, combining online sales with Argos's branch network. First-quarter trading numbers should be strong on June 10th.
Read moreFTSE 250 movers: Property stocks up, miners down
6th Jun 2014 15:16
Synergy Health jumped after Canaccord Genuity raised its rating on the shares from 'sell' to 'hold'. Bellway Homes gained after saying demand for new homes in the UK helped boost sales in the three months to end of May. Bovis Homes also rallied amid data showing a pick-up in housing prices. Lonmi
Read moreHousing plans in Queen's speech positive for UK-listed builders, says Deutsche Bank
6th Jun 2014 11:13
Deutsche Bank has said that announcements made in this week's Queen's Speech regarding the government's focus on housing supply spells good news for UK-listed housebuilders. The bank said highlights of Thursday's speech included the continued promotion of the Help to Buy scheme, reform of the plann
Read moreFriday broker round-up UPDATE
6th Jun 2014 09:38
African Minerals: Investec places both its target price (prev.: 189p) and its buy recommendation under review. ASOS: JP Morgan reduces target price from 6600p to 4259p and retains its overweight rating. Citi reduces target price from 7000p to 3700p, while leaving its buy recommendation unchanged. D
Read moreLondon close: ECB underwhelms, change in the air at BoE
5th Jun 2014 16:55
- ECB becomes first major central bank to take deposit rate negative - Balance of votes on MPC may soon shift, Barclays Research says - Asos plummets - Smith & Nephew jumps on continued M&A speculation techMARK 2,824.79 +0.08% FTSE 100 6,813.49 -0.08% FTSE 250 15,995.49 +0.06% UK equities underper
Read moreFTSE 250 movers: Imagination extends gains on MediaTek chip news
5th Jun 2014 14:11
Chip designer Imagination Technologies, saw shares jump around 10% today, extending gains made yesterday after it was reported that its MIPS technology had been included in a new security camera chip by MediaTek, one of rival ARM's biggest customers. The stock has now gained 14% in the last two days
Read moreHouse-builders face threat from rising prices, Westhouse warns
5th Jun 2014 11:56
Action to cool the booming housing market could hit house-builders such as Bellway despite the upbeat mood in the industry, Westhouse Securities said on Thursday. In a trading statement, Bellway said demand for new homes had stayed robust in the four months to May and predicted a 20% rise in the nu
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