London close: Stocks edge higher ahead of long Easter weekend
28th Mar 2013 16:43
Stocks finished moderately higher on Thursday, though gains were trimmed in afternoon trade as traders scaled back risk appetite ahead of a long four-day weekend for the Easter holidays. Meanwhile, continuing concerns over the Eurozone kept markets on their toes today, as political uncertainty in I
Read moreFTSE 250 movers: Bellway advances after upgrade
28th Mar 2013 16:29
Home builder Bellway topped the FTSE 250 risers on Thursday advancing nearly six per cent share at the close of trading. This came two days after the company unveiled a sharp rise in profits in the half year ended January 31st 2013. The stock was given a lift today by a ratings upgrade by JPMorgan
Read moreWednesday broker round-up UPDATE
27th Mar 2013 08:52
Amara Mining: Westhouse Securities lowers target price from 124p to 110p, while reiterating a buy recommendation. Ashtead: Canaccord Genuity ups target price to 170p and keeps a buy recommendation. Bellway: Deutsche Bank revises target price from 1381p to 1395p and reiterates a hold recommendation
Read moreLondon close: Stocks gain on US data, but Cyprus still in focus
26th Mar 2013 16:42
Strong economic data from the States lifted stocks in afternoon trade on Tuesday, but UK markets remained rangebound with one eye kept firmly on Cyprus. US durable-goods orders grew at a 5.7% clip in February from a month earlier, well ahead of the 3.9% increase forecast by the consensus. Meanwhile
Read moreLondon midday: Markets still nervous after Cypriot bailout
26th Mar 2013 11:57
Markets were rangebound on Tuesday morning, making only slight gains, with concerns about Cyprus still very much in focus following the comments made by the head of the Eurogroup yesterday. Following the €10bn deal to bail out Cyprus at the weekend, which involved forcing big losses on uninsured de
Read moreBroker snap: UBS bullish on 'Help to Buy' potential for housebuilders
26th Mar 2013 09:26
UBS has upgraded its ratings for both Redrow and Bovis and now has 'buy' recommendations across the whole UK housebuilding sector, saying that the government's new initiatives should be beneficial for stocks. In spite of a strong sector performance as of late - housebuilders have jumped 58% over th
Read moreTuesday broker round-up UPDATE
26th Mar 2013 07:41
Abbey Protection: Numis downgrades to hold with its target price at 120p. Aberdeen Asset Management: Bank of America raises target price from 425p to 455p keeping a neutral rating. JP Morgan moves target price from 498p to 532p, while its overweight rating remains unchanged. Exane BNP ups target pr
Read moreBellway hikes divi as profits surge
26th Mar 2013 07:32
Bellway, the house builder listed on the FTSE 250, reported a massive jump in profits in its first half, leading to a 50 per cent jump in the interim dividend. Revenue increased by 9.6% in the six months to January 31st to £502.5m, from £458.6m the year before, as the company reported a 5.8% increa
Read moreThursday broker round-up
21st Mar 2013 07:16
ASOS: Citigroup takes target price from 3000p to 4000p and keeps a buy recommendation. Deutsche Bank moves target price from 2600p to 3000p, while maintaining a hold recommendation. Atkins: Liberum Capital ups target price from 880p to 1020p upgrading to buy. Barr (AG): Shore Capital downgrades to
Read moreLondon close: Markets subdued in Budget aftermath
20th Mar 2013 16:16
Markets on the whole gave a muted reaction to George Osborne's Budget Statement today, in which he warned that Britain would grow less and borrow more than originally estimated, while traders continued to digest developments elsewhere, including the Cypriot bailout and a meeting at the US Federal Re
Read moreFTSE 250 movers: Construction and house building groups rise on Budget
20th Mar 2013 16:05
Shares in Barratt Developments, Taylor Wimpey, Persimmon, Bellway, Redrow and Bovis Homes Group all charged higher on Wednesday afternoon after the Chancellor, George Osborne, said in his 2013 Budget speech that the government was launching a programme to help people get on, or move up, the property
Read moreMonday broker round-up UPDATE
11th Feb 2013 07:41
Aquarius Platinum: Deutsche Bank shifts target price from 82p to 83p keeping a buy recommendation. AstraZaneca: JP Morgan cuts target price from 2970p to 2750p and retains an underweight rating. Avation: WH Ireland ups target price from 120p to 140p, while its buy recommendation is kept. Bellway:
Read moreFriday broker round-up UPDATE
8th Feb 2013 07:19
Aggreko: HSBC upgrades to neutral with a target price of 1650p. Anglo American: HSBC ups target price from 1950p to 2240p and upgrades to overweight. Antofagasta: HSBC reduces target price from 1200p to 1160p, while upgrading to neutral. ARM Holdings: Credit Suisse increases target price from 780
Read moreBellway expects full year volume growth, increased profit
7th Feb 2013 07:20
Housebuilder Bellway reported an increase in completed home sales and average selling price and said it is well placed to deliver further growth in profit. The group completed the sale of 2,597 homes the six months ended January 31st 2013 compared to 2,455 the same time a year earlier. The average
Read moreTuesday broker round-up UPDATE
5th Feb 2013 07:14
Alternative Networks: Westhouse Securities downgrades from add to neutral with a target price of 280p. Anite: Northland Capital shifts target price from 153p to 167p leaving its buy recommendation unchanged. Barratt Developments: Liberum Capital raises target price from 165p to 259p and retains a
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