Government stimulus boosts reservations at housebuilder Crest Nicholson
17th Sep 2013 07:07
Crest Nicholson, the house builder which made its debut on the stock market back in February, continues to feel the effects of the government's stimulus measures as it gave a confident outlook for the future. The firm said that market conditions have been improving since the start of 2013 as the 'F
Read moreSector movers: Housebuilders gain on construction data
13th Sep 2013 14:51
The household goods and home construction sector was the best-performing category on Friday, extending its impressive surge over the last year. Investors seemed to be shrugging off heightened fears of a 'bubble' in the UK housing market and instead are focusing on a continuing improvement in econom
Read moreZoopla said to be eyeing a London listing
9th Sep 2013 18:26
Zoopla is said to be considering a stock-market flotation that could value the online property website at up to 1.3bn pounds, the latest in a string of recent listings by property firms looking to take advantage of the current 'boom' in the UK housing market. Government stimulus measures such as th
Read moreBarclays raises forecasts for UK growth in 2013 and 2014
9th Jul 2013 12:26
Economists at Barclays Research on Monday issued a note in which they lifted their forecasts for economic growth in the UK as the animal spirits of consumers and businesses improve, prompting increased household consumption and investment, respectively. The above is reflected in recent readings f
Read moreTuesday broker round-up UPDATE
25th Jun 2013 07:24
African Barrick Gold: Morgan Stanley reduces target price from 200p to 140p, while leaving its equal-weight rating unaltered. Deutsche Bank lowers target price from 153p to 137p leaving its hold recommendation unchanged. African Minerals: Deutsche Bank lowers target price from 586p to 570p, while k
Read moreCrest 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
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