UK construction outlook dims, RICS survey finds
20th Apr 2016 10:34
(ShareCast News) - UK construction growth slowed in the first quarter of 2016, according to fresh data, with the rate of private house building slowing to a three-year low. Revealing its research, the Royal Institution of Chartered Surveyors (RICS) said the slowdown in growth had been accompanied by
Read moreSector movers: Homebuilders continue lower, with Brexit and political uncertainty in focus
14th Apr 2016 16:38
(ShareCast News) - The drag from homebuilders saw the top flight index underperform its peers both in the States and over on the Continent, as the Bank of England sounded a cautious note about the impact that the referendum on EU membership might have on the sector, coinciding with a flurry of downb
Read morePersimmon talks up year-to-date performance
14th Apr 2016 07:38
(ShareCast News) - Persimmon updated the market on its year-to-date operations on Thursday morning, ahead of its annual general meeting in York at midday. The FTSE 100 housebuilding firm said consumer confidence is being supported by the continued progress made by the UK economy, and that it remains
Read moreHSBC starts 10 UK housebuilders at 'buy'
17th Mar 2016 09:59
(ShareCast News) - HSBC initiated coverage of UK housebuilders saying the sector offers exposure to an area of real undersupply, with the UK government "largely pulling out all the stops to help". It started Barratt Developments, Bellway, Berkeley, Bovis Homes, Crest Nicholson, Galliford Try, McCart
Read moreLondon close: FTSE closes lower as traders sift through data
3rd Mar 2016 16:07
(ShareCast News) - The FTSE 100 closed in the red on Thursday following a batch of downbeat economic data. UK services activity declined much more than expected in February as economic growth slowed to its weakest for almost three years, according to Markit/CIPS data. The Markit/CIPS services purch
Read moreFTSE 100 movers: Housebuilders subside on weak construction report
2nd Mar 2016 14:45
(ShareCast News) - The FTSE 100 was back in the red on Wednesday afternoon, led by ITV and a fall from the larger housebuilding companies. ITV was one of the biggest losers of the day, even as the commercial broadcaster reported a surge in underlying pre-tax profits, which were up 18% to £843m. Whi
Read moreWednesday broker round-up
24th Feb 2016 15:28
(ShareCast News) - Standard Chartered: UBS reiterates neutral with a target price of 510p, JP Morgan stays at overweight, 725p target and Morgan Stanley keeps at underweight with a target price of 370p. Home Retail Group: Canaccord upgrades hold with a target price of 175p. Capital & Countries Prop
Read moreFTSE 100 movers: Miners keep index firmly in the red
24th Feb 2016 14:43
(ShareCast News) - The FTSE 100 was firmly in the red again on Wednesday, down 110.76 points (1.86%) to 5,851.55 by mid-afternoon. Miners plunged and led the fallers as metal prices fell as part of a wider commodities downturn. Glencore and Anglo American led the list of the index's biggest fallers,
Read moreUBS upgrades Persimmon on yield potential
24th Feb 2016 09:13
(ShareCast News) - UBS lifted Persimmon to 'buy' from 'neutral' and raised the price target to 2,330p from 2,135p following earnings revisions and what it reckons is an underappreciated potential to return even more cash to shareholders. The Swiss bank said that while Persimmon upped its payout per
Read moreFTSE 100 movers: GKN and StanChart keep market in red
23rd Feb 2016 14:13
(ShareCast News) - After a strong showing on Monday, the FTSE 100 was in the red mid-afternoon on Tuesday, down 31.34 points (0.52%) to 6,006.39. GKN led the fallers despite posting a steady set of results, reporting growth in sales and earnings across most of its operations. Sales at the firm incr
Read morePersimmon profits jump 34% as housing market grows
23rd Feb 2016 07:14
(ShareCast News) - Persimmon has increased its full year underlying profit before tax by 34% to £637.8m. The FTSE 100 housebuilder said on Tuesday revenue for the year to 31 December 2015 had also risen 13% to £2.9bn. That was driven by an 8% increase in legal completions rising to 14,572, and a 4.
Read moreFTSE 100 movers: Miners lead index back over 6000
22nd Feb 2016 14:16
(ShareCast News) - The FTSE 100 was back over 6,000 points on Monday, with the index up 106.09 points (1.78%) to 6,056.32. Miners led the market as commodity price were boosted following the recent rally in global equities. Anglo American was at the top of the list on reports that the company may s
Read moreExpect moderate UK house price rises after help-to-buy scheme expansion, Moody's says
27th Jan 2016 08:12
(ShareCast News) - The expansion of the help-to-buy initiative in the UK will increase mortgage lending, leading to "moderate rises in house prices", according to Moody's. The British government has increased the initial equity loan pay out from 20%, as originally enacted, to 40% to compensate for t
Read moreFTSE 100 movers: Sports Direct falls as shareholder's concerns laid out
18th Jan 2016 14:06
(ShareCast News) - The FTSE 100 was in a slow decline by mid-afternoon Monday, down 27.76 points (0.48%) to 5,776.34. Sports Direct was the biggest faller after one of the retailer's major investors voiced its concerns about its relationship with Nike as well as its website offering. In comments pu
Read moreStrong second half sends Persimmon's revenues up
7th Jan 2016 07:12
(ShareCast News) - Persimmon said on Thursday that full year revenues are up 13% for 2015, driven by strong growth in the number of completed new homes for the year. The FTSE 100 housebuilder posted a trading update ahead of its full results out next month. Full year revenue was up to £2.9bn, up fr
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