London open: Stocks rise as eyes turn to BoE, ECB
4th Jul 2013 08:25
The FTSE 100 rebounded strongly on Thursday morning after a sell-off the day before, as traders took advantage of thin volumes with markets in the States shut for Independence Day. The Bank of England (BoE) and European Central Bank (ECB) policy decisions will be in focus today with little economic
Read moreThursday broker round-up UPDATE
4th Jul 2013 08:17
Aberdeen Asset Management: JP Morgan reduces target price from 573p to 476p and reiterates its overweight rating. Ashmore Group: JP Morgan cuts target price from 410p to 339p maintaining a neutral rating. ASOS: Jefferies raises target price from 2199p to 6200p and upgrades from underperform to buy
Read moreLondon pre-open: Strong start expected ahead of central-bank meetings
4th Jul 2013 07:50
Markets are expected to open firmly higher on Thursday morning ahead of a busy day for investors, with central-bank policy decisions from the Bank of England and European Central Bank in focus. However, volumes are expected to be light with US markets closed for the Independence Day holiday and ris
Read moreRecord results for Galliford Try
4th Jul 2013 07:22
Housebuilding and construction firm Galliford Try has delivered record profits in the year to June 30th, according to a pre-close trading update on Thursday. The company said that it expects to meet analysts' consensus forecast for adjusted profit before tax (PBT) of £73.9m. Meanwhile, net debt w
Read moreSector movers: Housebuilders lifted as mortgage approvals rise
25th Jun 2013 15:45
Construction and materials stocks were performing well on Tuesday after the British Bankers' Association (BBA) revealed that mortgage approvals hit a 16-month high in May. Approvals for house purchases reached 36,102 last month, up from a revised 32,952 the month before, well ahead of the 33,200 co
Read moreGalliford Try appointed to 500m-pound capital delivery framework
18th Jun 2013 07:30
FTSE 250-listed UK housebuilding and construction group Galliford Try has been selected by Manchester Airports Group (MAG) for its new Capital Delivery Programme framework, potentially worth 500m pounds in value over the next five years. The framework, which is anticipated to include two other con
Read moreGalliford Try re-appointed to environment agency framework
11th Jun 2013 07:36
FTSE 250-listed housebuilding and construction group Galliford Try has reported that its Infrastructure business has secured one of six places in a joint-venture on part of the Environment Agency's Water and Environment Management Framework 2013-17. The appointment will involve the group primarily
Read moreFTSE 250 movers: Cobham sinks as unnamed shareholder sells shares
4th Jun 2013 15:01
Defence and aerospace group Cobham was in the red after a late report last night said an unnamed 'institutional investor' sold 39.1m shares in the company via a placing, equal to a 3.6 per cent stake. The sale, valued at £111m, was priced at a 4.4% discount to last night's close, according to Bloo
Read moreLondon open: Markets rebound as 'tapering' concerns ease
4th Jun 2013 09:10
Markets rebounded on Tuesday morning following a choppy session the day before as renewed hopes about US stimulus lifted sentiment early on. London's FTSE 100 lost 58 points yesterday, falling 0.9% to a one-month low of 6,525, after factory activity in both China and the US weakened in May. Manufac
Read moreLondon pre-open: Markets expected to rebound from one-month lows
4th Jun 2013 07:44
Following some heavy losses the day before on mixed manufacturing data worldwide, markets are expected to rebound slightly on Tuesday morning. London's FTSE 100 lost 58 points yesterday, falling 0.9% to a one-month low of 6,525, after factory activity in both China and the US weakened in May. Manuf
Read moreGalliford Try bags 36m pound refurbishment contract
4th Jun 2013 07:15
FTSE 250-listed housebuilding and construction group Galliford Try said it has won a 36m pound contract to refurbish the Alphabeta office building in Central London. Owners Resolution Property selected Galliford Try to complete a full refurbishment of the historic Triton Court office block on Fins
Read moreSector movers: Construction stocks gain after US housing data
28th May 2013 15:36
Ongoing improvement in the US housing sector - as evidenced by some strong American home-price data on Tuesday - prompted a sharp rise in the construction and materials sector in London. The S&P/Case-Shiller 20-City Composite Home Price Index, which monitors prices in 20 major cities across the Sta
Read moreGalliford Try's Partnership business selected for new contracts
23rd May 2013 08:23
Galliford Try, the FTSE 250-listed housebuilding and construction group, has reported that its Partnerships business has been selected for contracts worth 56.3m pounds in total. The group said that One Housing Group had chosen Partnerships as the preferred bidder to deliver the £17.8m Batavia Road
Read moreGalliford Try wins quartet of regional deals
21st May 2013 08:20
Galliford Try has won three major construction contracts in the South East of England and one in Manchester worth more than 60 million pounds. The housebuilding and construction group, two weeks after announcing £36.5m of new projects in Manchester, said its Building division had been subcontracte
Read moreSunday share tips: Thomas Cook, Mitchells and Butlers, Lloyds
19th May 2013 17:30
Thomas Cook still has a long flight ahead of it, but the new Captain at the controls seems to have stabilised the craft. In fact, things now look normal. Above all, the company needs to sharply improve the experience of its customers, quite a challenge. However, the 1.6bn pound capital restructurin
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