Friday preview: Bellway, Hornby
7th Jun 2012 17:20
On Friday, house builder Bellway issues an interim management statement which Northland Capital Partners thinks should point to further growth. "A positive trading update from Bellway will keep our estimates well within reach given 94% of the target revenue for the full year is now in hand," the b
Read moreWeek Ahead: MPC needs inside dope on Greek election
1st Jun 2012 11:22
The first two days of next week the UK markets will be closed as part of the extended Diamond Jubilee celebration for Queen Elizabeth, and there is so little scheduled for the rest of the week that traders might be tempted to take the whole week off, were it not for the little matter of the Bank of
Read moreTuesday broker round-up - UPDATE
27th Mar 2012 09:21
Aberdeen Asset Management: UBS ups target from 300p to 310p, buy recommendation maintained. Babcock: Investec raises target from 810p to 850p, buy rating kept; Peel Hunt reiterates buy rating and 855p target; Jefferies keeps buy rating and 780p target. Bellway: Investec downgrades from buy to hold
Read moreBellway stacks up half year profit, divi
27th Mar 2012 07:39
Housebuilder Bellway nearly doubled half yearly profit as it increased the number of homes sold at a higher average price after a particularly strong performance from its southern divisions. The Newcastle-based group said pre-tax profit rose surged to £40.6m in the half year ended 31 January compar
Read moreLondon close: Stocks surge on improving global outlook
13th Mar 2012 16:48
- FTSE 100 at highest levels since last summer - Markets await FOMC, words from Bernanke - Draghi sees signs of 'stabilisation' The Footsie finished at an eight-month high on Tuesday, up a whole percentage point on the day, as financial stocks made gains on the back of an improving global economic
Read moreBroker tips: Standard Life, Inchcape, House builders
13th Mar 2012 12:16
While Panmure Gordon says that Standard Life's full-year results were good and ahead of expectations, the broker had downgraded its rating on the insurance giant from buy to hold. "We turned buyers of Standard Life following better than anticipated interim results in August and on the basis that th
Read moreLondon midday: Stocks extends gains after ZEW survey
13th Mar 2012 11:46
- German ZEW reaches highest level in over a year - Spain to accept Eurogroup's fiscal consolidation request - Miners, banks lead the rise on the Footsie Stocks were extending gains by lunchtime after a German confidence survey smashed expectations. Meanwhile, US stock futures are pointing to a pos
Read moreBroker snap: Buy on NewBuy - Credit Suisse stays positive on house builders
13th Mar 2012 11:00
The house builders were performing well on Tuesday morning, a day after NewBuy was launched. Credit Suisse has maintained its positive view on the sector today despite its recent strong performance, saying that the government's scheme is an 'incremental positive' to its investment thesis. NewBuy wi
Read moreTuesday broker round-up - UPDATE
13th Mar 2012 09:59
AstraZeneca: Panmure Gordon keeps buy rating and 3,600p target. Bellway: Credit Suisse maintains outperform rating. BG Group: Nomura raises target from 1,865p to 1,950p, buy rating kept. Computacenter: Panmure Gordon ups target from 490p to 501p, buy rating unchanged. Hays: Credit Suisse ups tar
Read moreSector movers: Persimmon cements gains for house-builders
28th Feb 2012 16:27
A 13% surge in the stock price of Persimmon boosted the household goods and home construction higher on Tuesday. While house-builder Persimmon's results appeared to be broadly in line with expectations, shares soared on news of a cash return worth £1.9bn over the next nine and a half years, somethi
Read moreLondon midday: Footsie at day's worst levels on worries over Greece, China
7th Feb 2012 11:49
- Shareholders raise questions with terms of Glencore/Xstrata merger. - BP predicts flat underlying production in 2012. - Greek talks enter critical stage. UK stocks sank further into the red by midday with worries over Greece and China - as well as an early blow to the Glencore-Xstrata merger - we
Read moreTuesday broker round-up - UPDATE
7th Feb 2012 10:14
Shire: Goldman Sachs reiterates 'conviction buy.' Misys: Berenberg Bank downgrades to hold from buy. BP: Nomura maintains neutral rating and 500p target. Cairn: UBS ups target from 291p to 370p, neutral rating kept; Credit Suisse ups target from 357p to 369p, neutral rating kept. Rio Tinto: Cred
Read moreLondon open: Miners tank in early trade
7th Feb 2012 08:35
A fall in the mining sector outweighed a strong showing by oil stocks as the Footsie slipped in early trading. Eyes will again be on Greece with as the meeting between Prime Minister Lucas Papademos and the country's three main political parties, originally scheduled for yesterday, is due to take p
Read moreHome sales up 5% at Bellway
7th Feb 2012 07:15
Housebuilder Bellway said completed home sales rose by 5% in the six months to 31 January 2012 with operating margins poised to reach double digits. During the six-month period the Newcastle upon Tyne developer said it completed the sale of 2,455 homes compared to 2,332 in 2011, driven by private
Read moreMonday broker round-up - UPDATE
6th Feb 2012 09:12
Supergroup: Oriel Securities upgrades to buy from hold. Glencore: Jefferies ups target from 525p to 575p, confirms buy rating; Credit Suisse maintains outperform rating and 550p target. Royal Dutch Shell: Credit Suisse downgrades from outperform to neutral, cuts target from 2,750p to 2,600p. Xst
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