House builders' shares up after UK housing market white paper
7th Feb 2017 13:56
(ShareCast News) - Shares in UK home builders are up on Tuesday after the issue of the government's much-anticipated strategy for the country's 'broken' house market. The white paper -- titled Fixing Our Broken Housing Market -- included plans for more affordable homes, including councils having to
Read morePersimmon shares rise as Numis lifts rating to 'add'
6th Jan 2017 09:45
(ShareCast News) - Persimmon's shares advanced on Friday as Numis upgraded its rating on the housebuilder to 'add' from 'hold' and reiterated its target price of 2,200p following a positive trading update. The FTSE 100 company on Thursday said its sales rate remained solid in the second half of the
Read moreFTSE 100 movers: Persimmon update lifts builders, JP Morgan dents insurers
5th Jan 2017 14:40
(ShareCast News) - Housebuilding shares led the FTSE 100 higher for the second day, with Persimmon head of the pack as it issued a bullish year-end update. Ahead of full year results due on 27 February, Persimmon said revenues for calendar 2016 were 8% ahead of the previous year, as sales growth for
Read morePersimmon sales rate remains robust as margins build
5th Jan 2017 07:02
(ShareCast News) - Persimmon's sales rate remained solid in the second half of the year despite previous worries about Brexit, with the housebuilder also assuring profit margins were on the up. Ahead of full year results due on 27 February, the FTSE 100 group revealed its revenues for calendar 2016
Read moreBroker tips: Shell, Bovis Homes, housebuilders
4th Jan 2017 15:52
(ShareCast News) - RBC Capital Markets upgraded Royal Dutch Shell to 'outperform' from 'sector perform', keeping the price target at 2,500p. The bank said the recent OPEC and non-OPEC supply deals have put the oil market on a much firmer footing, removing some of its tail-risk concerns for the oil g
Read moreHousebuilders climb as Deutsche highlights sector's value, yields, risks
4th Jan 2017 12:14
(ShareCast News) - Deutsche Bank has highlighted the "significant" value in the UK housebuilders sector, singling out Taylor Wimpey as its top pick and upgrading McCarthy & Stone onto its 'buy' list. Noting that investor appetite for UK focused stocks has subsided in light of risks around Brexit, De
Read moreJP Morgan upgrades estimates on UK housebuilders
7th Dec 2016 08:57
(ShareCast News) - JP Morgan Cazenove has upgraded its estimates on UK housebuilders for 2017, saying it sees no signs of a material slowdown. Sales trends and earnings have held up well despite the initial shock of the Brexit vote sending the sector down 21% in the year to date, the bank said. "Th
Read moreFTSE 100 movers: Miners fly south, housebuilders warmed by BoE data
29th Nov 2016 15:05
(ShareCast News) - As London woke to the first winter's frost, a flock of commodities heavyweights flapped south to send the FTSE 100 into negative territory on Tuesday. A fall in metals prices, led by copper, saw investors migrate out of Antofagasta, Fresnillo, BHP Billiton, Rio Tinto, Anglo Americ
Read moreMonday broker round-up
7th Nov 2016 11:39
(ShareCast News) - Acacia Mining: JP Morgan keeps at overweight with a target price of 620p. Indivior: Jefferies stays at buy, 450p target. Centrica: Berenberg reiterates buy with a 240p target. South 32: Deutsche Bank reiterates hold with a 122p target. Glencore: JP Morgan keeps at neutral with
Read morePersimmon encouraged by strong trading post-Brexit
2nd Nov 2016 07:03
(ShareCast News) - Housebuilder Persimmon guided to higher full-year margins after 'encouraging' trading following the EU referendum but expressed caution about new land investment due to the uncertainty arisen since the vote. In a trading update from 1 July to 1 November, the company said it expect
Read moreDirectors dealings: Barratt executives pick up shares
24th Oct 2016 13:49
(ShareCast News) - Two of Barratt Developments's top executives topped up their holdings in the homebuilder. Chairman John Allan bought 20,000 shares for 484p apiece on 21 October, the company said in a statement. He was accompanied that same day by one of the company's non-executive directors, Ric
Read moreHouse prices helped by demand rebound and historic supply low, RICS says
13th Oct 2016 09:35
(ShareCast News) - Surveyors reported an unexpected increase in house prices in the last three months as demand rose but the supply of new homes for sale dropped off and numbers for sale in London dropped to a historic low. The Royal Institution for Chartered Surveyors (RICS) revealed the headline b
Read moreBroker tips: Persimmon, Jimmy Choo, ASOS
23rd Sep 2016 09:39
(ShareCast News) - Housebuilder Persimmon and its peers got a boost on Friday as Liberum upgraded the stock to 'buy' from 'hold' and lifted price targets across the sector as it took a more positive view. "We have upgraded estimates across our coverage as 2016 trading is much better than we feared i
Read morePersimmon boosted by Liberum upgrade
23rd Sep 2016 08:35
(ShareCast News) - Housebuilder Persimmon and its peers got a boost on Friday as Liberum upgraded the stock to 'buy' from 'hold' and lifted price targets across the sector as it took a more positive view. "We have upgraded estimates across our coverage as 2016 trading is much better than we feared i
Read moreTuesday broker round-up
20th Sep 2016 15:46
(ShareCast News) - Petra Diamonds: Citigroup reiterates buy with a target price of 120p; JP Morgan reiterates overweight with a 139p target. Bovis Homes: UBS upgrades to neutral, 910p target. Electrocomponents: Credit Suisse keeps at underperform with a 300p target. Easyjet: HSBC keeps at reduce w
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