US new home sales beat forecasts in May
24th Jun 2022 15:21
(Sharecast News) - New home sales rose by much more than expected last month, but the strength was focused in only some parts of the country and prices fell back.
Read moreUS existing home sales returning to pre-pandemic pace
21st Jun 2022 15:41
(Sharecast News) - Sales of existing homes in America slowed for a fourth month running, returning to the levels seen in 2019 before Covid-19.
Read moreUS housing starts fall sharply in May, further weakness seen ahead
16th Jun 2022 15:12
(Sharecast News) - Homebuilding activity in the US undershot economists' forecasts by a wide margin last month.
Read moreRBC slashes Ferguson target price on rising discount rates
15th Jun 2022 13:05
(Sharecast News) - Analysts at RBC slashed their target price for Ferguson's shares in response to rising market interest rates and the "limited" number of short-term catalysts for the shares.
Read moreFerguson lifts FY operating profit expectations as Q3 sales jump
14th Jun 2022 11:51
(Sharecast News) - Ferguson lifted its expectations for full-year adjusted operating profit on Tuesday as it posted a jump in third-quarter earnings and sales.
Read moreUS new home sales register sharp slump in April
24th May 2022 15:01
(Sharecast News) - New home sales in the US fell by far more than economists had anticipated in April.
Read moreUS existing home sales dip in April, more declines anticipated
19th May 2022 15:36
(Sharecast News) - Existing home sales in the States fell in April and the slowdown in activity appeared set to continue, a leading business lobby group said and some economists were even more downbeat.
Read moreUS housing starts fall more quickly than expected in April
18th May 2022 12:32
(Sharecast News) - Homebuilding activity in the States weakened more than expected last month.
Read moreFerguson doubles buyback to $2bn as interim profits surge
15th Mar 2022 07:03
(Sharecast News) - Plumbing and heating products supplier Ferguson said it was doubling its share buyback to $2bn after interim profits rose by two-thirds driven by a strong US residential house building market.
Read moreUS house prices continue growing at near-record pace in November, S&P says
25th Jan 2022 16:56
(Sharecast News) - A record surge in US home prices barely slowed towards the end of November, the results of a closely-followed survey revealed.
Read moreBerenberg raises target price on Ferguson following 'impressive' Q3 results
8th Dec 2021 12:11
(Sharecast News) - Analysts at Berenberg hiked their target price on plumbing and heating products outfit Ferguson from 10,000.0p to 11,200.0p on Wednesday following the firm's "impressive" third-quarter results.
Read moreEurope close: Stocks extend rally, tech leads amid sharp drop in volatility gauges
7th Dec 2021 18:10
(Sharecast News) - European shares finished sharply higher as investors appeared to be continuing to punt on the new Omicron variant of the coronavirus not being as severe as first thought, although it was technology issues that investors were now seeking out.
Read moreFerguson raises expectations after strong first quarter
7th Dec 2021 07:07
(Sharecast News) - Ferguson said its expectations for annual results had increased after the plumbing and heating distributor reported a surge in first-quarter profit.
Read moreTuesday preview: Chinese foreign trade data, Ferguson in the spotlight
6th Dec 2021 12:03
(Sharecast News) - The focus in financial markets on Tuesday will be on the People´s Republic of China where foreign trade figures for November are due out.
Read moreUS housing starts and permits not as weak as they look, economists say
19th Oct 2021 15:36
(Sharecast News) - Homebuilders in the US broke ground on fewer homes last month, although weakness was centred on the multi-family segment.
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