Sector movers: Metal miners strengthen on China data
8th May 2013 14:49
Metals stocks strengthened on Wednesday on reports of China's higher than expected trade surplus in April, with both imports and exports exceeding market expectations. The commodity sector was further encouraged by German industrial production rising 1.2% in March when a decline had been anticipate
Read moreHousing strength shelters Galliford from winter woe
8th May 2013 11:31
Galliford Try has booked a record level of house sales since the start of the year despite prolonged winter conditions knocking production levels. The housebuilding and construction group has been heartened by levels of activity in the housing market and has seen reservations rise 6.0% per outlet s
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 moreLondon pre-open: Stocks to track US equities lower
2nd May 2013 07:27
City sources predict the FTSE 100 will open down 16 points from yesterday's close of 6,451, tracking US stocks into the red on the back of a slowdown in payroll growth and manufacturing activity stateside. Also in the US, the Federal Reserve kept its $85bn-a-month asset purchase programme unchange
Read moreGalliford Try in triple contract win
2nd May 2013 07:01
Construction company Galliford Try has been appointed by RED Property Services to construct the Old Trafford Supporters Club hotel, opposite the Manchester United football ground. The £13.3m project will be a four-star 139-bed hotel and will feature supporters' club facilities and bar, alongside a
Read moreMonday broker round-up UPDATE
29th Apr 2013 08:17
Afren: Liberum Capital shifts target price from 130p to 136p and maintains a hold recommendation. AngloAmerican: Nomura upgrades from reduce to neutral with a target price of 1700p. Antofagasta: Nomura cuts target price from 1250p to 1200p, while its neutral rating remains unchanged. Investec redu
Read moreLondon pre-open: Slight decline expected in opening trade
25th Apr 2013 07:34
City sources predict the FTSE 100 will open down five points from yesterday's close of 6,432 following a mixed session in the US last night. On today's agenda are US initial jobless claims, continuing claims, and the latest reading from Bloomberg on consumer confidence, while back on this side of
Read moreGalliford Try in double contract win
25th Apr 2013 07:00
Construction group Galliford Try has said its Partnerships business has been named as the preferred bidder to design and construct the Bournville Gardens retirement village in Birmingham. The project, worth over £26m, includes community and care facilities and is expected to start on site in June
Read moreLondon midday: Footsie breaches 6,400 on stimulus hopes
20th Feb 2013 11:41
The FTSE 100 hit a fresh five-year high in morning trade on Wednesday morning on the back of hopes for further stimulus from the Bank of England, as minutes of the latest rate-setting meeting showed that more policy-makers voted for further asset purchases. London's benchmark index hit an intraday
Read moreLondon open: Markets pause after strong gains
20th Feb 2013 08:43
The FTSE 100 opened flat on Wednesday morning following a one per cent surge the day before, as investors awaited announcements from central banks and a number of key economic indicators from around the globe. "After having the strongest day of the year so far, European stock markets are in consoli
Read moreGalliford Try profit little changed, dividend up by a third
20th Feb 2013 07:35
Galliford Try said profit remained stable as momentum in housebuilding continued while its construction business held up in a sticky market. Group revenue for the half year to December 31st fell 9% at £678.3m, in line with company expectations, after a reduction in construction activity. Pre-tax pr
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 moreGalliford Try selected as preferred bidder on multiple contracts
12th Feb 2013 08:14
Galliford Try, the housebuilding and construction group, has announced its Partnerships business has been selected as the preferred bidder on a number of contracts across the UK. Under the first contract, worth £15.6m, Partnerships will create 80 mixed tenure homes and commercial units for the Aff
Read moreTuesday broker round-up UPDATE
12th Feb 2013 07:24
AMEC: Exane BNP initiates with a target price of 1140p and an underperform rating. Anglo American: Goldman Sachs increases target price from 1500p to 1550p, while keeping a sell recommendation. Barclays: Nomura reiterates reduce. Charles Stanley reiterates hold. Investec reiterates buy, with price
Read moreFTSE 250 movers: Oil and gas group Afren takes the crown
23rd Jan 2013 15:20
Oil and gas company Afren was extending gains after impressing the market on Monday with record results. Its share price spiked higher on the back of an enormous rise in trading volumes. The African-focused group earlier this week reported strong production and financial performance following expl
Read more