FTSE 100 movers: Banks and housebuilders rally; Burberry hit by downgrade
3rd Apr 2019 13:44
(Sharecast News) - London's FTSE 100 was up 0.3% at 7,412.86 in afternoon trade on Wednesday, gaining some ground as housebuilders and banks rallied.
Read moreCountryside is star buy for Jefferies in upbeat housebuilders report
2nd Apr 2019 08:38
(Sharecast News) - Countryside is the star share among UK housebuilders, Jefferies said as it started coverage of the industry with an upbeat report.
Read morePersimmon addresses snags with 1.5pc homebuyer's retention
21st Mar 2019 07:40
(Sharecast News) - Persimmon announced on Thursday that it would become the first major UK housebuilder to adopt a policy of providing a homebuyer's retention, by writing into its standard contract that 1.5% of the total home value - equating to around 6% of the build fabric costs - could be withheld by the buyer's solicitor until any faults identified at the point of key release were resolved.
Read moreWednesday broker round-up
6th Mar 2019 13:39
(Sharecast News) - Ibstock: UBS downgrades to neutral with a target price of 270p.
Read moreBerenberg praises UK construction firms following strong start to the year
6th Mar 2019 10:25
(Sharecast News) - Analysts at Berenberg took a fresh look at the British construction sector on Wednesday, reiterating its positive stance on UK housebuilders after a strong start to the year.
Read moreWednesday broker round-up
27th Feb 2019 13:13
(Sharecast News) - Tullow Oil: Jefferies downgrades to hold with a target price of 222p.
Read moreTuesday broker round-up
26th Feb 2019 13:32
(Sharecast News) - BT: Berenberg downgrades to hold with a target price of 260p.
Read morePersimmon stumbles over Help to Buy scrutiny
25th Feb 2019 08:30
(Sharecast News) - Shares in Persimmon tumbled on Monday morning after it was reported that the housebuilder could be stripped of its right to claim cash from the government under the Help to Buy scheme.
Read moreLiberum downgrades Barratt and Bovis on valuation
11th Feb 2019 12:01
(Sharecast News) - Liberum cut its stance on housebuilders Bovis Homes and Barratt Developments on Monday on valuation and performance grounds, as it took a look at the broader sector.
Read moreHouse builders cutting infrastructure payments - NAO
8th Feb 2019 09:54
(Sharecast News) - House builders are cutting infrastructure payments to local councils for new developments while increasing their own profit margins and those contributions were failing to keep pace with property price rises, according to a report released on Friday.
Read moreRedburn downgrades Crest Nicholson after 'torrid' 2018
24th Jan 2019 13:48
(Sharecast News) - Redburn cut its stance on Crest Nicholson to 'neutral' from 'buy' on Thursday as part of a broader note on UK housebuilders.
Read moreTuesday broker round-up
15th Jan 2019 13:03
(Sharecast News) - Ten Entertainment Group: Berenberg downgrades to hold with a target price of 250p.
Read morePersimmon sees FY profits 'modestly ahead' of consensus
15th Jan 2019 07:08
(Sharecast News) - Housebuilder Persimmon said it expected 2018 pre-tax profits to be modestly ahead of current market consensus, having benefited from new developments opened through the year.
Read moreUK equities looking 'particularly attractive', says Morgan Stanley
14th Jan 2019 13:07
(Sharecast News) - Since the global selloff at the end of last year, UK equity valuations are looking "particularly attractive", Morgan Stanley has told clients, suggesting banks could see the biggest bounce from a postive Brexit outcome.
Read moreHousebuilders look attractive to Canaccord, but depends on macro
14th Dec 2018 13:01
(Sharecast News) - There are some "extremely attractive" valuations among housebuilders but this is balanced by macroeconomic risk that are "exceptionally high", said broker Canaccord Genuity on Friday.
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