London close: Stocks slip on relatively quiet Friday
16th Aug 2024 17:46
(Sharecast News) - London's stock markets closed lower on Friday, weighed down by a stronger pound and mixed investor sentiment following the release of the latest UK retail sales figures.
Read moreLondon close: Stocks rise as investors digest inflation data
14th Aug 2024 15:02
(Sharecast News) - London stocks ended Wednesday's session in positive territory, as investors reviewed the latest inflation figures from the UK and the US.
Read moreLondon close: Stocks finish positive ahead of key inflation data
13th Aug 2024 14:51
(Sharecast News) - London stocks closed higher on Tuesday, as investors digested the latest UK jobs data and anticipated upcoming inflation reports from both the UK and the US.
Read moreCrest Nicholson slides as Bellway abandons takeover bid
13th Aug 2024 13:36
(Sharecast News) - Crest Nicholson tumbled on Tuesday after Bellway said it was not planning to make an offer for its housebuilding rival.
Read moreDeadline for Bellway to make firm Crest Nicholson offer extended
8th Aug 2024 10:34
(Sharecast News) - The deadline for Bellway's potential acquisition of Crest Nicholson has been extended, the two companies announced on Thursday, allowing more time for due diligence and negotiation.
Read moreLondon close: Stocks rise as investors look to US data
10th Jul 2024 15:01
(Sharecast News) - London stocks closed on a positive note Wednesday, buoyed by robust performances in the airline sector and growing investor attention towards key economic events in the United States, although the top-flight index remained near recent lows.
Read moreCrest Nicholson poised to back £700m Bellway bid
10th Jul 2024 10:20
(Sharecast News) - Crest Nicholson said on Wednesday that it was "minded" to recommend Bellway's revised £720m takeover offer, pushing shares in the housebuilder higher.
Read moreLondon close: Stocks mixed as PM Starmer names his Cabinet
5th Jul 2024 16:35
(Sharecast News) - London's stock markets ended the week on a mixed note on Friday, after a subdued response to Labour's general election victory, although housebuilders and the more domestically-focussed FTSE 250 made gains.
Read moreCrest Nicholson 'not currently minded' to engage with Avant Homes after merger proposal
5th Jul 2024 15:16
(Sharecast News) - Crest Nicholson said on Friday that it had received "unsolicited, preliminary, indicative proposals" from Avant Homes about a potential all-share combination but that it was "not currently minded" to engage in discussions with the rival housebuilder.
Read moreAvant Homes said to have tabled secret takeover offer for Crest Nicholson
5th Jul 2024 10:24
(Sharecast News) - Crest Nicholson surged on Friday following a report that Avant Homes, which is owned by investment firm Elliott Advisors, has tabled a secret takeover offer for housebuilder.
Read moreUK housebuilders surge on Labour victory
5th Jul 2024 07:49
(Sharecast News) - Shares in UK housebuilders jumped on Friday, on hopes that the new Labour government would reinvigorate the sector.
Read moreBellway takeover might be best option for Crest Nicholson, says RBC
18th Jun 2024 11:08
(Sharecast News) - RBC Capital Markets has hiked its target price for Crest Nicholson from 175p to 250p, but kept an 'underperform' rating after the housebuilder rejected a second takeover offer from peer Bellway.
Read moreSunday newspaper round-up: Hargreaves Lansdown, Crest Nicholson, Michael Kors
16th Jun 2024 20:14
(Sharecast News) - Hargreaves Lansdown's three private equity suitors have until Wednesday to either table a formal bid for the investment platform or walk away. A £4.7bn offer presented in April was rejected. In particular, the bidders have been attracted by the firm's ability to deposit client cash at the Bank of England for a rate of 5.25%, whilst paying just 3% on a cash Isa of up to £10,000. That netted its £269m last year at no risk. - The Financial Mail on Sunday
Read moreLondon close: Stocks fall amid French political concerns
14th Jun 2024 15:36
(Sharecast News) - London stocks were still in the red by the close on Friday, mirroring a broader European selloff driven by political uncertainty in France.
Read moreCrest Nicholson rejects two takeover proposals from Bellway
14th Jun 2024 07:18
(Sharecast News) - Crest Nicholson confirmed on Friday that it had rejected two, unsolicited takeover approaches from Bellway, the latest valuing the group at about £650m.
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