Sunday share tips: Persimmon, Vodafone, McBride, Telford Homes
3rd Jan 2016 14:47
(ShareCast News) - Now might be the right time to sell Persimmon shares, said the Sunday Times' Inside the City column, with a trading update due on Thursday. Investors in the house builder have seen the price triple in the last three years and received £800m in dividends. Persimmon was one of three
Read moreUK housebuilders boosted by upbeat BoA ML note
14th Dec 2015 10:59
(ShareCast News) - Bank of America Merrill Lynch upgraded its stance on Barratt Developments to 'neutral' from 'underperform' as it took a look at UK housebuilders. The bank said it remained supportive of the sector and reiterated buy-rated Persimmon, Taylor Wimpey and Bellway as its top picks. "W
Read moreFTSE 100 movers: Miners lead market on back of Chinese data
4th Nov 2015 14:11
(ShareCast News) - The FTSE 100 had a strong start to the day on Wednesday, up 48.94 points (0.77%) to 6,432.55 by mid-afternoon. Glencore was the biggest riser of the day after it reported "significant progress" on plans to cut net debt to the low $20bns by the end of 2016 and increased output from
Read morePersimmon expects strong trading for remainder of 2015
4th Nov 2015 08:06
(ShareCast News) - Housebuilding group Persimmon said it expected strong trading to continue throughout the remainder of 2015, as the UK housing market improved in the second half of the year. In a trading update released on Wednesday, the group said its private sales rate rose 12% year-on-year sinc
Read moreFTSE 100 movers: Standard Chartered results drive market down
3rd Nov 2015 13:22
(ShareCast News) - The FTSE 100 had a rollercoaster start to the day on Tuesday, but was down 12.29 points (0.19%) by mid-afternoon to 6,349.51. The biggest faller was Standard Chartered after it posted a disappointing set of third quarter results. The bank said they were hit by challenging market c
Read moreBroker tips: Meggitt, Tullett Prebon, Housebuilders
3rd Nov 2015 12:59
(ShareCast News) - Aerospace and defence engineer Meggitt rallied after Barclays reiterated its 'overweight' rating on the shares, saying the stock was "too cheap to ignore". Meggitt's shares plunged last week after warning that full-year profits will miss its £369m forecast, due to fewer contracts
Read moreHousebuilders slump as Liberum highlights margin concerns
3rd Nov 2015 11:12
(ShareCast News) - Housebuilders were under pressure after Liberum downgraded its stance on Barratt Developments, Persimmon and Taylor Wimpey to 'sell' from 'hold'. "We believe the largest housebuilders' valuations are too optimistic to withstand the gross margin pressure that we expect in the comin
Read moreTuesday broker round-up
3rd Nov 2015 11:08
(ShareCast News) - Getech Group: WH Ireland downgrades to sector perform, cuts target price to 40.00p. Kingfisher: JP Morgan Cazenove initiates new coverage with an underweight, sets target price at 320.00p. Intercontinental Hotels Group: Nomura reiterates to neutral, cuts target price to 2698.00p.
Read moreFTSE 100 movers: Travis Perkins builds gains; Hikma slumps on generics business
2nd Nov 2015 14:21
(ShareCast News) - London's FTSE 100 was down 0.1% to 6,355.80 at 1445 GMT, as investors weighed up mixed Chinese manufacturing data against better-than-expected UK factory data, with broker notes providing much of the action. Hikma Pharmaceuticals slumped after lowering its guidance for the generic
Read moreJPMorgan downgrades Barratt, Persimmon on valuation but says outlook still positive
2nd Nov 2015 10:38
(ShareCast News) - JPMorgan Cazenove downgraded its stance on Barratt Developments and Persimmon, but upgraded Crest Nicholson as it took a look at UK housebuilders. The bank said it expects 2016 to be another year of improved profitability and strong operating conditions for the UK housebuilders.
Read moreFTSE 100 movers: Hargreaves Lansdown rallies; housebuilders slump
14th Oct 2015 14:09
(ShareCast News) - London's FTSE 100 index was down 0.7% to 6,296.01 as worries about a slowdown in the world's second-largest economy continued to undermine sentiment, following the release of disappointing Chinese inflation figures. Shares in luxury fashion retailer Burberry declined for the secon
Read moreFTSE 100 movers: SAB surges on AB InBev agreement; Royal Mail slumps
13th Oct 2015 13:59
(ShareCast News) - London's FTSE 100 was down 1.1% by mid afternoon at 6,304.21 as uninspiring Chinese trade figures and UK inflation data weighed on investors' minds. London-listed brewer SABMiller surged after it agreed in principle to a possible £44 per share takeover offer from Belgium-based Anh
Read moreSunday share tips: Dairy Crest, Cluff Natural Resources, tightening cycle stocks
20th Sep 2015 15:08
(ShareCast News) - Dairy Crest shares are worth buying, said Danny Fortson in the Sunday Times' Inside the City column. Investors are currently awaiting a Competition & Markets Authority decision on 19 October whether to allow Dairy Crest to sell its dairy business, roughly two thirds of group sales
Read moreFTSE 100 movers: Glencore drags blue chips lower
19th Aug 2015 14:38
(ShareCast News) - Following the downbeat overnight sessions elsewhere, the FTSE 100 shot lower in early trade and by the afternoon had failed to crawl higher. By 1545, the blue chip index was down 1.35% at 6,438.07 points, with only a dozen companies' shares in positive territory. Leading the fall
Read moreBroker tips: Kaz Minerals, Persimmon, Lonmin
18th Aug 2015 15:37
(ShareCast News) - Goldman Sachs has reiterated its 'sell' recommendation on KAZ Minerals as the copper-focused miner is expected to deliver disappointing first-half results on Thursday. Shares in KAZ fell 2.1% to 146.7p by 1140 BST on Tuesday, as Goldman kept its 12-month target price at 137p. Int
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