Crest Nicholson reports rise in half-year profits
18th Jun 2013 10:28
UK house builder Crest Nicholson Holdings posted a 39 per cent rise in half-year revenue driven by a strong growth in open market housing delivery. Revenue for the six months to April 30th came to £192m, compared to £138m a year earlier. Pre-tax profit jumped 76% to £22.2m from £16m as earnings pe
Read moreSunday share tips: J.Sainsbury, Avation, Crest Nicholson
16th Jun 2013 13:31
J Sainsbury seems to have stolen a march on rivals in the first quarter. Yes, like-for-like sales slowed, but the company maintained guidance for growth of 1 per cent to 1.5 per cent over the course of the year. Particularly noteworthy, customers seem to have taken the firm up on its challenge to "t
Read moreWednesday broker round-up UPDATE
8th May 2013 09:08
Altitude Group: WH Ireland initiates with a target price of 50p and a buy recommendation. Betfair Group: Deutsche Bank increases target price from 725p to 884p, while staying with its hold recommendation. Nomura raises target price from 766p to 883p and reiterates a neutral rating. Exane BNP ups ta
Read moreWednesday broker round-up UPDATE
10th Apr 2013 08:57
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Deutsche Bank reduces target price from 340p to 230p keeping its hold rating. African Minerals: Deutsche Bank reduces target price from 620p to 594p and leaves its buy recommendation unaltered. An
Read moreThursday newspaper round-up: BAE Systems. 4G auction, BP...
21st Feb 2013 06:58
British defence giant BAE Systems has warned it will be forced to cut 3,500 jobs in the US if the threat of Pentagon spending cuts becomes reality. The company said it had warned staff within its US ship repair business of the possible cuts after the US Navy signalled its 'intent to cancel' a number
Read moreTuesday tips round-up: Crest Nicholson, BG, UBM
19th Feb 2013 07:01
The story of the quoted house builders over the past year, which has driven share prices substantially higher across the sector, has been one of continuing improvement in margins as land bought ahead of the economic downturn was gradually built on and traded out. The exception, because of its histor
Read moreSector movers: CRH leads construction stocks higher
13th Feb 2013 15:54
Construction and materials stocks were in demand on Wednesday on the back of ambitious plans by President Barack Obama to invest in infrastructure in North America. CRH was among the highest risers in the category today, up 5.1% at 1,425p (a 52-week high) after Obama unveiled a new 'Fix it First' p
Read moreCrest Nicholson shares surge on public offering
13th Feb 2013 12:02
Shares in UK house builder Crest Nicholson soared Wednesday after completing the largest construction public offering (IPO) since the economic downturn. The company raised gross proceeds of £22.4.9m in the float - the biggest listing since Direct Line. Crest priced its shares at 220p, the top end
Read more