FTSE 100 movers: Mining shares slide, housebuilders rally
8th Feb 2017 14:57
(ShareCast News) - The FTSE 100 fell 0.41% to 7,156.95 points in Wednesday afternoon trade, led by mining shares. BHP Billiton was the top faller following reports workers at its Escondida copper mine in Chile vowed to start an indefinite strike on Thursday after the miner failed to produce an agree
Read moreAnalysts mostly bullish on houseuilders after housing White Paper
8th Feb 2017 11:40
(ShareCast News) - HSBC kept 'buy' recommendations on all the UK housebuilding stocks it covers, as the government's housing white paper contains "few measures that would upset the expected delivery of homes" from the major developers, with Bellway and Bovis offering the most upside. A note from Num
Read moreBellway posts rise in completions, to build 5% more home this year
7th Feb 2017 07:16
(ShareCast News) - FTSE 250 housebuilder Bellway reported a rise in housing completions in the six months to the end of January and said it expects to build 5% more homes this year. The company posted a 6.5% jump in the number of housing completions compared with 2016 to 4,462, while the forward ord
Read moreThursday broker round-up
2nd Feb 2017 09:07
(ShareCast News) - Hostelworld Group: Berenberg upgrades to Hold from Sell with a target price of 210p. Bellway: Citi reiterates Neutral with a target price of 2540p. Ferrexpo: Deutsche Bank reiterates Buy with a target price of 230p. Zoopla Property Group: Deutsche Bank reiterates Hold with a tar
Read moreWednesday broker round-up
4th Jan 2017 14:30
(ShareCast News) - British American Tobacco: UBS reiterates hold with a target price of 5150p. Bovis: Jefferies reiterates hold, 886p target. Royal Dutch Shell: RBC upgrades to outperform with a 2500p target. Imperial Brands: Berenberg reiterates buy with a 4280p target. Barratt Developments: Deu
Read moreHousebuilders climb as Deutsche highlights sector's value, yields, risks
4th Jan 2017 12:14
(ShareCast News) - Deutsche Bank has highlighted the "significant" value in the UK housebuilders sector, singling out Taylor Wimpey as its top pick and upgrading McCarthy & Stone onto its 'buy' list. Noting that investor appetite for UK focused stocks has subsided in light of risks around Brexit, De
Read moreBellway reservations jump 7%
13th Dec 2016 07:46
(ShareCast News) - FTSE 250 housebuilder Bellway reported a 7% jump in reservations in the 18-week period to 4 December and said it expects housing completions for the year to the end of July 2017 to rise by 5%. The reservation rate increased to 176 per week from 165 as the company opened 46 new tra
Read moreTuesday preview: CPI data set for release on both sides of the Channel
12th Dec 2016 16:45
(ShareCast News) - Markets were expected to be in a tense wait-and-see mode ahead of the US central bank´s policy announcement the next day. In the run-up to that significant risk event, investors were expected to focus on the latest consumer and factory gate figures in the UK. Monthly CPI data wer
Read moreWednesday broker round-up
7th Dec 2016 13:36
(ShareCast News) - BHP Billition: HSBC reiterates hold with a target price of 1200p. Bunzl: Goldman Sachs reiterates neutral, 2200p target. Bellway: JP Morgan reiterates overweight with a 2950p target. Aviva: RBC reiterates outperform with a 500p target. IG: Barclays stays at overweight with a 95
Read moreJP Morgan upgrades estimates on UK housebuilders
7th Dec 2016 08:57
(ShareCast News) - JP Morgan Cazenove has upgraded its estimates on UK housebuilders for 2017, saying it sees no signs of a material slowdown. Sales trends and earnings have held up well despite the initial shock of the Brexit vote sending the sector down 21% in the year to date, the bank said. "Th
Read moreLiberum downgrades Barratt to 'sell' as it looks at UK housebuilders
6th Dec 2016 09:20
(ShareCast News) - Liberum downgraded Barratt Developments to 'sell' as it took a look at the UK housebuilding sector. The brokerage said it sees long-term value in some housebuilders as the valuation looks appealing and long-term fundamentals remain favourable. It noted government support for the
Read moreWednesday broker round-up
19th Oct 2016 12:06
(ShareCast News) - B&M European value retail: Goldman Sachs keeps at buy with a target price of 274p. Zoopla: Berenberg reiterates buy, 400p target. Bellway: Jefferies keeps at buy with a 2857p target. IAG: Credit Suisse upgrades to outperform with a 469p target. British American Tobacco: JP Morg
Read moreBarclays names Crest Nicholson 'top pick', confident on housebuilders
19th Oct 2016 10:26
(ShareCast News) - Crest Nicholson got a boost on Wednesday as Barclays said the stock was its 'top pick', replacing Redrow, following a period of share price underperformance that has left it looking "highly attractive". In a note on the UK housebuilding sector, the bank said that aside from a brie
Read moreTuesday broker round-up
18th Oct 2016 12:36
(ShareCast News) - BT Group: Goldman Sachs keeps at buy with a target price of 560p. Bellway: Canaccord reiterates buy, 2350p target. Standard Life: Barclays keeps at underweight with a 301p target. Debenhams: HSBC maintains reduce with a 50p target. Smiths Group: UBS keeps at neutral with a 1510
Read moreBellway FY profit and revenue grow amid solid demand
18th Oct 2016 07:29
(ShareCast News) - FTSE 250 housebuilder Bellway reported a rise in full-year profit as it lifted its dividend and said demand has remained solid despite the Brexit vote. In the year to the end of July, pre-tax profit rose 40.6% to £497.9m on revenue of £2.24bn, up from £1.77bn. Earnings per shar
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