Bellway Chairman sells share post transfer after strong results
27th Mar 2014 16:01
On the same day that it reported a stellar set of half-year results, the Executive Chairman of UK residential property developer Bellway, Ted Ayres, disposed of 12,276 shares. The stock was part of a larger batch of shares transferred to Ayres from the company's employee share option scheme for a c
Read moreBroker tips: Miners, Babcock, Compass...
27th Mar 2014 12:58
Jefferies has lowered its earnings forecasts and target prices across the UK-listed mining sector and cut its rating for Glencore Xstrata, recommending investors to stick with top picks Rio Tinto and BHP Billiton. "Chinese demand growth for commodities is unlikely to accelerate without aggressive s
Read moreBellway's discount to sector unwarranted, 'buy' says UBS
27th Mar 2014 12:37
UBS has lifted its target price for housebuilder Bellway and maintained a 'buy' rating, saying that the valuation discount to others in the sector is too wide. The target for the shares has been raised from 1,930p to 2,030p. "Bellway trades on an 18% discount to the sector on a price-to-tangible n
Read moreThursday broker round-up UPDATE
27th Mar 2014 09:02
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom
Read moreLondon pre-open: Modest start predicted for FTSE
26th Mar 2014 07:24
UK stocks are set to slide slightly higher this morning, tracking gains seen in the US overnight and following a number of significant company news releases early on. City sources predict the FTSE 100 will open six points higher than yesterday's close of 6,604.89. A larger-than-expected rise in c
Read moreBellway reports bumper profits, hikes dividend
26th Mar 2014 07:02
- Half-year profit surges 73.3 per cent - Increased volumes, selling price and margins - Confident of sustaining growth in years ahead UK residential property developer Bellway reported a stellar set of half-year results, driven by growth in volume, average selling price and operating margin and un
Read moreDavy Research downgrades Barratt Developments, ups Bellway
24th Mar 2014 15:19
Housing stocks should continue to outperform this year given how housebuilders are coming out of a very long period of buying land. However, the UK housebuilding sector has re-rated from mid-2012 levels of around one times´ price-to-tangible-book-value to about two times now. At previous peaks
Read moreLondon open: Stocks gain after Crimea vote, housebuilders rise
17th Mar 2014 08:49
- Crimea votes overwhelmingly to rejoin Russia - FTSE 100 bounces after three per cent fall last week - Housing stocks gain on Help to Buy extension - Vodafone to buy Ono for 7.2bn euros techMARK 2,784.02 +0.68% FTSE 100 6,552.67 +0.38% FTSE 250 16,257.31 +0.82% UK equities were making decent gain
Read moreFTSE 250 movers: Soco Intl leaps after beating own production guidance
5th Mar 2014 15:01
Soco International beat its own 2013 oil and gas production volume guidance, pumping just shy of 17,000 barrels of hydrocarbons per day. Revenues fell 2.2% to $608.1m, with earnings before interest, tax, depreciation, amortisation and a non-cash $92m exploration write-off down 4.7% to $472.9m. Cana
Read moreSector movers: Housebuilders, miners lead the fallers
5th Mar 2014 14:52
Construction and housing stocks were hit by cautious comments from analysts on Wednesday, while miners were dampened by concerns over growth targets from top metals consumer China. Credit Suisse weighed on sentiment in the housebuilding sector today after downgrading its rating for the category fro
Read moreBroker tips: Housebuilders, Melrose, Intertek, SOCO International
5th Mar 2014 13:10
Credit Suisse has downgraded its rating for the UK housebuilding sector from 'overweight' to 'market weight', telling investors that it is time to take profits. "To be absolutely clear we are not calling the top of the UK housing cycle, rather we are calling the top of the equity story, as we belie
Read moreLondon midday: Stocks pull back after strong gains, earnings and data in focus
5th Mar 2014 11:34
- Economic data, China targets closely watched - Ukraine crisis still in focus - Admiral jumps, Melrose sinks - Credit Suisse takes down housebuilders techMARK 2,905.24 -0.55% FTSE 100 6,782.33 -0.61% FTSE 250 16,619.55 -0.48% UK stocks fell on Wednesday as investors focused on a string of import
Read more'Take profits' on UK housebuilders after strong run, says Credit Suisse
5th Mar 2014 10:29
Credit Suisse has downgraded its rating for the UK housebuilding sector from 'overweight' to 'market weight', telling investors that it is time to take profits. After the "very significant move" in share prices and valuations across the sector, the bank said this is "as good as it gets", removing i
Read moreWednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
Read moreFriday broker round-up UPDATE
21st Feb 2014 10:11
Barratt Developments: JP Morgan raises target price from 360p to 420p, while downgrading to neutral. Bellway: JP Morgan takes target price from 1450p to 2000p and retains an overweight rating. Bodycote: UBS initiates with a target price of 800p and a buy recommendation. Bovis Homes Group: JP Morg
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