Crest Nicholson on track to meet annual expectations after strong first half
19th May 2015 08:12
Housebuilder Crest Nicholson Holdings reported strong trading in the first six months of its financial year, buoyed by higher selling prices and an improved sales per outlet ratio. The FTSE 250 group said sales per outlet in the six months to 30 April were 0.93, up 12% year-on-year, while the number
Read moreSector movers: Property and beverages shares keep London market in green territory
14th May 2015 15:12
Property, housebuilders and beverages shares kept the London market broadly in green territory on Thursday, as worries in Greece continued to lurk in the background. At 16:24 BST, the FTSE 100 was trading at 6,964.17 up 0.21% or 14.54 property and housebuilding continuing to trade higher off the bac
Read moreFTSE 250 movers: Keller hit by delays and weak US market, property stocks surge
14th May 2015 12:57
UK stocks rebounded from early losses by mid-afternoon, but recovery remained capped by concerns of Greek instability. Sector-wise, miners and computer services provided the biggest drag, while property stocks and insurers provided a welcome boost. At 2:30 BST, the FTSE 250 was trading 50 points hig
Read moreFTSE 250 movers: Indivior surges on schizophrenia drug success, insurers lower
5th May 2015 13:22
Indivior topped the risers despite pre-tax profit dipping in the first quarter, as its RBP-7000 schizophrenia drug met the primary and secondary endpoints in its phase 3 trial. Just Eat was making gains as it unveiled strong first quarter results, where like-for-like orders grew 47%. Miners includ
Read moreFTSE 250 movers: IPF surges after dodging fine, property stocks higher
21st Apr 2015 13:46
International Personal Finance (IPF) was boosted as the home-credit group escaped a fine from Poland's consumer protection authority. After an investigation into fee structures, the Polish Office of Consumer Protection and Competition agreed to waive the fine if IPF's Provident Polska implement a ne
Read moreUtilities, rail operators most exposed to UK election, Fitch says
17th Apr 2015 10:27
Utilities and rail companies are among the corporate sectors most at risk from regulatory or government policy shifts following the upcoming UK general election on 7 May, according to Fitch Ratings. With the Conservative Party having frozen rail fares, and Labour pledging to freeze energy prices if
Read moreBroker tips: Housing stocks, Reckitt Benckiser, Majestic Wine
10th Apr 2015 11:34
Housebuilders were putting in decent gains on Friday as Jefferies upgraded ratings for stocks across the sector after recent data pointed to a stronger pre-election housing market than anticipated. The broker raised Bellway, Bovis Homes, Countrywide, Crest Nicholson, Redrow, Taylor Wimpey and Zoopla
Read moreHousing stocks jump as Jefferies turns more positive on sector
10th Apr 2015 09:28
Housebuilders were putting in decent gains on Friday as Jefferies upgraded ratings for stocks across the sector, saying that companies have "springs in their steps". The broker raised Bellway, Bovis Homes, Countrywide, Crest Nicholson, Redrow, Taylor Wimpey and Zoopla from 'hold' to 'buy'. Barratt D
Read moreLondon open: UK stocks near record highs as housebuilders rise
10th Apr 2015 08:33
UK stocks were on track to hit a new record on Friday, helped by strong gains in the housebuilding sector. London's FTSE 100 was up 0.46% at 7,047.39 shortly after the open. The index's previous closing high of 7,037.67 was set on 23 March, while the intraday record of 7,065.08 was set on 24 March.
Read moreSector Movers: Tobacco, housebuilders and engineering stocks lead London market to new highs
9th Apr 2015 12:59
Tobacco, engineering and housebuilders helped FTSE 100 extend gains above the 7,000 mark on a day when the market shrugged off prevailing political uncertainty about a hung parliament as well as weak industrial output. At 16:18 BST, the FTSE 100 was up 0.87% or 61.35 points to 7076.71 with tobacco b
Read moreSector Movers: Real estate and housebuilders in the green, but tobacco takes a hit
19th Mar 2015 14:35
The UK 2015 Budget continues to impact market sentiment as real estate and housebuilding stocks followed oil and gas services companies in posting an uptick in performance. In his final budget before the General Election on May 7, Chancellor George Osborne announced a series of measures considered t
Read moreCrest Nicholson house sales continue to build
19th Mar 2015 08:25
Housebuilder Crest Nicholson reported that the strong start to the spring selling season has continued in the weeks since its January results statement, with its sales rate up 10% on the same time last year. The FTSE 250 company said it was selling at a rate of 0.92 open-market sales per outlet wee
Read moreSector movers: Redrow and Reckitt give household sector a lift
11th Feb 2015 14:51
Well-received results from builder Redrow and consumer products group Reckitt Benckiser meant the household goods and home construction sector was the best performer in London on Wednesday. Redrow's share price had surged over 12% to 333p by the afternoon session after the company impressed with a s
Read moreCrest Nicholson to increase shareholders payout after strong demand boost profit
27th Jan 2015 14:46
Housebuilding group Crest Nicholson announced it would increase shareholders payouts after its pretax profit rose 34% for the year to end October, buoyed by strong demand. The firm said it completed 2,530 in the 12 months to October and posted pre-tax profit before exceptional items of £116.7m, ahea
Read moreWednesday broker round-up UPDATE
1st Oct 2014 09:56
African Minerals: Canaccord Genuity reduces target price from 150p to 20p downgrading to hold. Avingtrans: FinnCap upgrades from hold to buy with a target price of 155p. Balfour Beatty: JP Morgan lowers target price from 220p to 200p, while upgrading to neutral. Blinkx: Numis places its buy recomm
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