FTSE 250 movers: Tullow surges on possibility of being a takeover target
26th Jan 2016 15:04
(ShareCast News) - After a poor start to the day, the FTSE 250 had rebounded to be up 3.95 points (0.02%) at 16,150.93 by mid-afternoon Tuesday. Tullow Oil surged as oil prices stayed above $30 a barrel, compounded by a Bloomberg survey of traders that believed the company was a likely takeover targ
Read moreCrest Nicholson beats forecast as it builds towards big target
26th Jan 2016 07:40
(ShareCast News) - Housebuilder Crest Nicholson beat profit expectations for the full year on sales revenues rising 26% to £804.8m and said it was confident of meeting its target of £1bn for the new financial year. Pre-tax profits rose 32% to £154m in the year to 31 October as gross margins, hithert
Read moreCrest Nicholson on track to meet expectations
17th Nov 2015 08:09
(ShareCast News) - Residential developer Crest Nicholson said its growth strategy remains on track, after it reported an increase in housing volumes this year. In a trading update released on Tuesday, the FTSE 250 group said it delivered 2,725 units in the year to the end of October, an 8% year-on-y
Read moreMonday broker round-up
2nd Nov 2015 13:20
(ShareCast News) - Crest Nicholson Holdings: JP Morgan Cazenove upgrades to overweight, raises target price to 650.00p. Lancashire Holdings Limited: Citigroup downgrades to neutral. Target price: 675.00p. Easyjet: HSBC downgrades to reduce. Target price: 1600.00p. Barratt Developments: JP Morgan C
Read moreJPMorgan downgrades Barratt, Persimmon on valuation but says outlook still positive
2nd Nov 2015 10:38
(ShareCast News) - JPMorgan Cazenove downgraded its stance on Barratt Developments and Persimmon, but upgraded Crest Nicholson as it took a look at UK housebuilders. The bank said it expects 2016 to be another year of improved profitability and strong operating conditions for the UK housebuilders.
Read moreFTSE 250 movers: Premier Farnell blown higher on Raspberry Pi
9th Sep 2015 14:55
(ShareCast News) - The FTSE 250 index rose strongly along with larger benchmark indices, but lost ground as the session wore on. At the close, the mid-cap index was up 0.9% at 17,153.28. Premier Farnell was the highest riser on the second-line index on the day when one of the electronic products it
Read moreCrest Nicholson and Foxtons upgraded as Goldman hails mid-size housebuilders
9th Sep 2015 10:48
(ShareCast News) - In a note analysing the prospects of the UK housebuilders and estate agents sector, Goldman Sachs downgraded both Taylor Wimpey and Redrow to 'neutral' and upgraded Crest Nicholson to its 'conviction buy' list and Foxtons to 'neutral'. Recent data has continued to support a positi
Read moreReal UK house prices still below pre-crisis peak, Barclays says
2nd Sep 2015 13:18
(ShareCast News) - On average, real house prices in the UK continue to be far below their pre-crisis peaks, but some indicators are pointing to an acceleration, favouring those homebuilders which are continuing to seek further volume growth, a leading team of research analysts claimed. Since 1975, n
Read moreReal UK house prices far below pre-crisis peak, Barclays points out
2nd Sep 2015 13:11
(ShareCast News) - On average, real house prices in the UK continue to be far below their pre-crisis peaks, but some indicators are pointing to an acceleration, favouring those homebuilders which are continuing to seek further volume growth, a leading team of research analysts claimed. Since 1975, n
Read moreHousing and property stocks hurt by Osborne's Budget buy-to-let and non-dom crackdowns
8th Jul 2015 15:57
London's housebuilders were hit by several measures unveiled by George Osborne in his Budget statement, with shares across the sector down in Wednesday afternoon trading. The Chancellor revealed measures to cut tax relief on mortgage interest for buy-to-let landlords, which was expected to take some
Read moreWednesday share tips: Ashtead, Crest Nicholson
17th Jun 2015 14:34
Shares in Ashtead came off on profit-taking following its latest full-year profits. The company, which rents out equipment, believes it can outspend rivals on new investment, allowing it to deliver better service and thus continue to grow its market share. It has been doing just that and the histori
Read moreFTSE 250 movers: National Express higher on German hopes, Crest Nicholson hit by downgarde
16th Jun 2015 13:00
Mid-caps fared better than the blue chips on Tuesday, as losses from the industrial metals, telecommunications and oil sectors were offset by strong performances from pharmaceutical, property and utility stocks. As of 15:00 BST, the FTSE 250 was trading flat at 17,726. National Express gained, afte
Read moreCrest Nicholson posts 52% rise in first-half profit; upbeat on outlook
16th Jun 2015 07:56
Housebuilder Crest Nicholson posted a 52% rise in first-half pre-tax profit to £58.3m from £38.4m and said it will increase the number of homes it plans to build. For the six months ended 30 April, overall group revenues rose 38% to £333.2m from £241.1m, while housing completions were up 3% at 1,124
Read moreWednesday broker round-up
3rd Jun 2015 08:41
Tesco: JP Morgan retains underweight, lowers price target to 175p from 185p. Amec Foster Wheeler: JP Morgan maintains overweight and 905p target. Bellway: JP Morgan raises target to 2,575p from 1,150p and reiterates overweight. Barratt Developments: JP Morgan lifts target to 650p from 550p and ove
Read moreDeutsche Bank hails top-ranking dividend yields of UK housebuilders
26th May 2015 10:04
Deutsche Bank has named Taylor Wimpey, Barratt Developments and Bovis Homes as its top picks in the UK housebuilding sector, highlighting the attractive dividend yields across the industry. In its review of the sector, the bank hiked target prices for a host of stocks, including Taylor Wimpey, Barra
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