Sector movers: Real estate and construction crumble on Foxtons warning
27th Aug 2014 16:57
The construction and real estate investment sectors were the worst performers on Wednesday as the nervous outlook for housing was given further jitters by estate agent Foxton's warning of a slowdown in the second half. The high profile London agent said: "In H2 we expect growth in transaction volu
Read moreFTSE 250 movers: Just Eat extends gains, shares now close to offer price
13th Aug 2014 15:00
The share price of Just Eat pushed even higher on Wednesday after the company said the previous day that profits trebled in the first half. The online takeaway marketplace said pre-tax profit was up 200% to £6m on revenues that jumped by 58% to £69.8m. The newly-listed stock has now jumped over 15
Read moreSector movers: Savills boosts estate agents, while homebuilders rise
7th Aug 2014 13:47
The real estate investment and services sector was on the rise on Thursday on the back of upbeat results from Savills, while homebuilders gained after data showed that house-price inflation rose to seven-year high in July. Savills, which earns money mainly through transaction fees, consultancy and
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreCountrywide's first half profit soars on healthy housing market
31st Jul 2014 09:27
Property group Countrywide reported a surge in first half profit as the UK housing market continued to grow at a rapid pace. Pre-tax profit in the six months ended June 30th came to £37.1m, compared to £12.3m a year earlier. Total income jumped to £334.5m from £258.8m, with increased business act
Read moreSector movers: Housing stocks hit by rate-hike speculation as inflation rises
15th Jul 2014 14:18
Concerns about a sooner-than-expected rise in interest rates pushed stocks in the housing sector lower in London on Tuesday with investors concerned about how future policy tightening will affect the demand for mortgages. Housebuilders and construction companies slipped after it was revealed that U
Read moreLondon midday: Housebuilders fall as inflation data sparks rate-hike concerns
15th Jul 2014 12:03
- UK inflation jumps to 1.9% in June - Carney highlights housing concerns - German ZEW survey disappoints - Yellen, US data in focus later on techMARK 2,781.35 -0.46% FTSE 100 6,722.11 -0.36% FTSE 250 15,478.79 -0.64% Rate-hike speculation in the UK and disappointing economic data from Germany saw
Read moreFTSE 250 movers: Housebuilders jump following new BoE measures
26th Jun 2014 15:16
Housebuilders and related stocks including Redrow, Countrywide, Taylor Wimpey and Galliford Try leapt as investors reacted postively to the new Bank of England measures to cool the housing market. Alastair Stewart from Westhouse Securities said that the measures were "less draconian than many observ
Read moreLondon pre-open: FTSE to rise ahead of BoE and FOMC releases
18th Jun 2014 07:40
Gains are expected on the top tier index this morning, driven by a decent performance in the US ahead of both the minutes of the most recent Bank of England (BoE) meeting and the conclusion of the latest policy meeting of the US Federal Open Market Committee (FOMC). City sources predict the FTSE 1
Read moreDMGT, Countrywide and LSL to cash in on Zoopla IPO at 220p
18th Jun 2014 07:06
Countrywide and LSL Property Services are set to raise nearly £20m each from the sale of shares in Zoopla's initial public offering (IPO) on Wednesday, while Daily Mail & General Trust could make as much as £190m. Zoopla has set its offer price at 220p per share, in between the targeted range of 20
Read moreCountrywide gets new Chief Executive from Bupa
20th May 2014 08:51
A former senior executive at private health-care provider Bupa is to become the new boss of estate agency group Countrywide. Alison Platt will take over as Countrywide's Chief Executive on September 1st, replacing Grenville Turner who will become Non-Executive Chairman. Platt spent more than 20 ye
Read moreWednesday tips round-up: Xcite Energy, Countrywide
7th May 2014 07:09
Large reserve estimates are great, but there is quite a gap between that and actually getting the black stuff out of the ground. Even so, independent North Sea oil explorer Xcite Energy yesterday took one step closer to that goal. The company announced that it will share field-specific information w
Read moreBroker tips: Barclays, Coca-Cola HBC, IHG...
6th May 2014 13:26
Shares in Barclays fell following Tuesday's news of a fall in first-quarter profits, but brokers are advising investors to buy the shares on hopes that its turnaround plan will bear fruit. Barclays is cutting costs and slashing jobs in a shake-up to streamline the bank and has pledged to give more
Read moreLondon midday: UK stocks pull back from two-month high
6th May 2014 11:54
- Barclays, Aberdeen, AstraZeneca, Balfour Beatty fall - Ukraine tensions continue to rise - FTSE 100 pulls back from two-month high - UK services PMI beats forecasts techMARK 2,798.81 +0.15% FTSE 100 6,811.35 -0.16% FTSE 250 15,928.23 -0.02% Falls from Barclays, Aberdeen, AstraZeneca and Balfour
Read morePanmure sees scope for earnings upgrades at Countrywide
6th May 2014 11:00
Countrywide's shares look attractive at current levels following the estate agent chain's strong first-quarter results, according to Panmure Gordon, which maintained a 'buy' rating and 700p target price on the stock. "First-quarter revenues grew 35% year-on-year in what is usually a seasonally quie
Read more