MARKET TALK: HSBC Initiates UK House Builders
9th Jul 2010 07:23
0623 GMT [Dow Jones] HSBC initiates coverage of UK house builders. Expects 5% to 35% falls in the share prices of the five UK house builders with the biggest exposure to northern regions based on its construction team's forecast of a 5% regionally-weighted contraction in house prices in '10-'11. See
Read moreMARKET TALK: Credit Suisse Adjusts Ratings On UK Housing Stocks
5th Jul 2010 07:58
0658 GMT [Dow Jones] Credit Suisse adjusts ratings on UK housing stocks in its latest sector note. Brokerage believes buying opportunities remain within the sector, "despite downward revisions to our price and volume forecasts for 2011 and a significant change to our valuation methodology that mater
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
5th Jul 2010 07:58
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0658 GMT [Dow Jones] Credit Suisse adjusts ratings on UK housing stocks in its latest sector note. Brokerage believes buying
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jun 2010 12:24
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1124 GMT [Dow Jones] Investec Securities remains a buyer of Taylor Wimpey (TW.LN), but thinks the shares could weaken in the
Read moreMARKET TALK: Taylor Wimpey Shrs May Weaken Short Term-Investec
28th Jun 2010 12:24
1124 GMT [Dow Jones] Investec Securities remains a buyer of Taylor Wimpey (TW.LN), but thinks the shares could weaken in the short term. The company's 1H update starts off relatively upbeat, but deteriorates in tone, notes Investec. The statement mentions concerns over the Autumn spending review [by
Read moreMARKET TALK: Budget Critical To Fortunes Of House Builders
18th Jun 2010 14:04
1304 GMT [Dow Jones] The emergency UK budget on Tuesday will be critical to the fortunes of the UK housing market says Royal Bank of Scotland. Says the sector will be mindful of spending cuts versus tax revenue-raising initiatives. However, thinks the impact of this budget could be limited as the ne
Read moreFirstGroup chief executive's wife sells stake
16th Jun 2010 15:17
The wife of Sir Muir Lockhead, the chief executive of FirstGroup has sold her stake worth nearly £400,000 in the bus and train operator. Lady Audrey Lockhead offloaded just over 100,000 shares in the company at 394.2p a time. She no longer has any shares in the company, but her husband still has a
Read moreMARKET TALK: Budget Could Stall Mid/Small Cap Outperformance
16th Jun 2010 10:56
0956 GMT [Dow Jones] Next week's UK budget could mark the end of the outperformance of mid and small-cap stocks, due to their generally higher exposure to government contracts, says Deutsche Bank. Suggests the IT services sector, newspapers, defense stocks and housebuilders could continue to struggl
Read moreWednesday tips round-up: Ted Baker, Bellway, Oxford Instruments
16th Jun 2010 06:41
Fasion retailer Ted Baker's strong brand and distinctive product ranges appear to have lost none of their niche appeal. Neither does a share price of 510p, or 13 times earnings, look stretched for a company producing consistent double-digit profit growth, which has £15m of cash on its balance shee
Read moreLondon close: Higher finish for FTSE 100
15th Jun 2010 16:39
British Satellite Broadcasting (BSkyB) was in focus Tuesday, climbing more than 16% to help Footsie to a higher finish after an offer from News Corp. News Corporation, the vehicle of media magnate Rupert Murdoch, is fed up being a 39.1% minority shareholder in BSkyB and wants to gain full control o
Read moreFTSE 250 movers: Bellway's foundations shaken
15th Jun 2010 14:38
Housebuilder Bellway's shares have fallen slightly after it said uncertainty surrounding the new government's fiscal policy has resulted in a slight reduction in visitor site visits and weekly sales rates. Oil stocks Salamander Energy and Dana Petroleum and oil pipeline supplier Wellstream Holdings
Read moreLondon afternoon: British Airways soars on ACAS news
15th Jun 2010 14:35
Shares have largely moved sideways in the afternoon session, with the sharp rise by British Satellite Broadcasting (BSkyB) more than offsetting the loss on BP, which is once again featuring high on traders' sell lists after ratings agency Fitch downgraded the oil giant's credit rating. News Corpora
Read moreLondon midday: Tesco joins market advance
15th Jun 2010 11:53
Though prices came off in the last hour of the morning Footsie still had a positive session, with equities boosted by the release of better than expected inflation figures. The annual rate of inflation fell to 3.4% in May from 3.7% the previous month. The fall was more than had been expected, but
Read more2nd UPDATE: Bellway Upbeat Despite Slight Drop In Sales Rate
15th Jun 2010 10:56
(Adds detail.) By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. house builder Bellway PLC (BWY.LN) Tuesday said it remains well positioned to continue delivering earnings growth despite a "slight reduction" in weekly sales and site visitors because of uncertainty surround
Read moreMARKET TALK: Bellway Trading Statement In Line - Panmure
15th Jun 2010 10:04
0904 GMT [Dow Jones] Bellway's (BWY.LN) trading statement is in line with expectations, says Panmure Gordon. The company reports that for the current financial year it expects sales to be about 200 units higher than that reported in '09. The brokerage notes though that since the general election, un
Read more