Bellway reiterates guidance but reports subdued autumn activity
11th Feb 2025 07:40
(Sharecast News) - Shares in Bellway fell sharply on Tuesday despite the UK housebuilder reporting strong growth for the first half and reiterating its full-year guidance, as the firm highlighted the "sensitivity of customer demand" amid a rise in mortgage rates over recent months
Read moreLondon close: Stocks finish first week of 2025 weaker
3rd Jan 2025 17:12
(Sharecast News) - London stock markets closed in the red on Friday as sharp declines in airline, mining, and housebuilding stocks weighed on indices, with a lack of significant news and profit-taking following a recent rally dampening sentiment.
Read moreRBC cuts target price for Berkeley, but hails long-term strategy
9th Dec 2024 08:41
(Sharecast News) - RBC Capital Markets has cut its target price for Berkeley Group and reiterated an 'underperform' rating, saying that while the long-term picture looks intact, it has cut its forecasts for shareholder returns.
Read moreJPMorgan upgrades Bellway and Crest Nicholson, downgrades Taylor Wimpey
5th Dec 2024 10:34
(Sharecast News) - JPMorgan Cazenove upgraded Bellway and Crest Nicholson on Thursday but downgraded Taylor Wimpey as it took a look at UK housebuilders.
Read moreLondon close: Stocks down on corporate earnings, Budget fallout
31st Oct 2024 15:59
(Sharecast News) - London stocks ended Thursday in negative territory, weighed down by corporate earnings releases and the market's response to the new Labour government's budget unveiled on Wednesday.
Read moreLondon close: Stocks finish week on mixed note
18th Oct 2024 15:20
(Sharecast News) - London's stock markets closed with mixed results on Friday, reflecting a cautious mood as investors reacted to economic growth data out of China, as well as an improvement in UK retail sales.
Read moreBerenberg raises target price on Bellway following FY24 earnings
16th Oct 2024 10:26
(Sharecast News) - Analysts at Berenberg raised their target price on housebuilder Bellway from 2,900.0p to 3,200.0p on Wednesday following the group's FY24 earnings a day earlier.
Read moreLondon close: Stocks finish lower as oil prices sink
15th Oct 2024 15:39
(Sharecast News) - London markets ended Tuesday in negative territory, driven primarily by a sharp decline in energy stocks following a drop in oil prices.
Read moreLondon midday: Stocks weaker on UK jobs data, oil prices
15th Oct 2024 10:51
(Sharecast News) - London markets were in the red by lunchtime on Tuesday, as investors responded to ongoing concerns about the UK jobs market, while oil prices fell.
Read moreLondon open: Stocks mixed on weaker UK wage growth
15th Oct 2024 08:41
(Sharecast News) - London markets opened in mixed territory on Tuesday, as investors digested data showing continued weakness in the UK jobs market, after an upbeat session on Wall Street overnight.
Read moreBellway profits slump but sees brighter outlook as reservations rise
15th Oct 2024 07:04
(Sharecast News) - UK housebuilder Bellway on Tuesday reported a slump in annual profits, reflecting weaker demand due to higher mortgage rates, but said its forward order book had increased as economic conditions eased.
Read moreBellway appoints former Cairn Homes exec as CFO
11th Oct 2024 07:12
(Sharecast News) - Housebuilder Bellway is appointing the former chief financial officer of competitor Cairn Homes as its new CFO, the company announced on Friday.
Read moreSixth Street, Patron reportedly considering bid for L&G-owned housebuilder Cala
4th Sep 2024 17:21
(Sharecast News) - US investment firm Sixth Street has partnered with Patron Capital Partners to compete against FTSE 100 housebuilder Persimmon in the bid to acquire privately-held UK housebuilder Cala Group, it emerged on Wednesday afternoon.
Read moreJefferies reiterates positive stance on UK housebuilders
27th Aug 2024 12:53
(Sharecast News) - Jefferies reiterated its positive stance on UK housebuilders on Tuesday, saying it still sees considerable upside potential to share prices from the improving rate environment and government changes to planning.
Read moreLondon close: Stocks slip on relatively quiet Friday
16th Aug 2024 17:46
(Sharecast News) - London's stock markets closed lower on Friday, weighed down by a stronger pound and mixed investor sentiment following the release of the latest UK retail sales figures.
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