Persimmon says 2014 off to a good start
16th Apr 2014 07:15
- New homes sold increases 38 per cent - Average selling price rises as market improves - Forward sales up 35 per cent Housebuilder Persimmon said total forward sales revenue increased 35 per cent from 2013 as it starts off its new financial year on a strong footing. The York-based firm said it ha
Read moreLondon open: Stocks at three-week low as Ukraine tensions rise
14th Apr 2014 08:35
- Ukraine tensions rise as deadline passes - Ukraine calls on pro-Russian radicals to lay down arms - Glencore Xstrata sells Las Bambas for 5.85bn dollars techMARK 2,649.91 -0.75% FTSE 100 6,546.34 -0.23% FTSE 250 15,806.60 -0.58% UK markets got off to a subdued start on Monday morning as stocks p
Read moreDeutsche cites 'interesting buying opportunity' in UK housebuilders
9th Apr 2014 09:44
Analysts at Deutsche Bank recommended buying the UK housebuilders, in particular Barratt Developments, Bovis Homes and Taylor Wimpey, after saying a pull-back in the shares due to concerns about interest rates was "overdone". The broker countered these concerns, pointing to "easy affordability, si
Read moreLondon close: Stocks finish in the red, World Bank forecast drags
7th Apr 2014 16:55
- World Bank cuts China growth forecast - UK consumer confidence slides - German industrial output grows techMARK 2,730.09 -1.46% FTSE 100 6,622.84 -1.09% FTSE 250 16,262.84 -1.04% UK stocks kicked off the week in a negative fashion, weighed by a poor performance in other markets across the globe
Read moreFTSE 100 movers: Tullow Oil climbs after unveiling refinancing deal
7th Apr 2014 14:29
Tullow Oil has refinanced its 500m dollar corporate revolving credit facility to boost its balance sheet. The oil and gas company has increased the facility to 750m dollars and extended the tenor to April 2017. Irish building materials group CRH was also making gains today following news that its t
Read moreLondon midday: Housing stocks lead markets lower
7th Apr 2014 11:42
- Markets pull back from one-month high - Crimea unrest dampens risk appetite - Housing stocks provide a drag techMARK 2,748.24 -0.80% FTSE 100 6,652.02 -0.65% FTSE 250 16,327.20 -0.65% UK stocks were firmly lower on Monday morning, pulling back after hitting a one-month high, as markets tracked a
Read moreLondon open: Stocks pull back from one-month high
7th Apr 2014 08:34
- Stocks track heavy losses in US and Asia - UK markets retreat from highest close since early March - CRH rises despite rivals' merger, housebuilders fall techMARK 2,741.16 -1.06% FTSE 100 6,646.69 -0.73% FTSE 250 16,282.85 -0.92% UK stocks fell sharply on Monday morning as investors booked profi
Read moreSt. Modwen Properties reports strong start to the year
28th Mar 2014 07:20
St. Modwen Properties said it has had a strong performance since the start of the financial with profits and cashflows in line with expectations. The UK regeneration specialist has experienced a growing pipeline of development opportunities since reporting its full-year results, according to a tra
Read moreFTSE 100 movers: Resolution falls on broker downgrade
19th Mar 2014 15:45
Legal and General fell sharply after Osborne announced in today's Budget that there will be a "radical change" to the pension system, as a result of which half a million people will no longer have to buy an annuity, Elissa Bayer, Senior Investment Director at Investec Wealth & Investment explained.
Read moreSector movers: Housing stocks rise, insurers fall after Budget
19th Mar 2014 14:03
Household goods and home construction stocks were making gains on Wednesday in the aftermath of George Osborne's 2014 Budget, in which he unveiled a number of stimulus measures to boost activity in the housing market. However, the life insurance sector was trading in the red as investors reacted ne
Read moreLondon midday: Stocks rangebound ahead of UK Budget, FOMC
19th Mar 2014 11:33
- Osborne's 2014 Budget in focus - Jobless rate, BoE minutes, FOMC meeting - Ukraine-Russia tensions running high - Smiths Group drops on H2 outlook - Ophir plummets, Imagination jumps techMARK 2,817.88 +0.53% FTSE 100 6,595.59 -0.15% FTSE 250 16,366.11 +0.07% Stocks were trading in the red on Wed
Read moreBroker tips: Antofagasta, Persimmon, Smiths Group
19th Mar 2014 11:30
Copper producer Antofagasta was trading in the red on Wednesday after having its rating downgraded by Credit Suisse from 'neutral' to 'underperform' following the stock's outperformance over recent months. "With the positive of better-than-expected cost-cutting now played out together with heighte
Read moreUBS upgrades Persimmon on top line, returns potential
19th Mar 2014 09:44
Persimmon offers the 'best of both worlds' in terms of top-line growth and returns, according to UBS which has lifted its rating on the stock from 'neutral' to 'buy'. The bank estimates that volumes at Persimmon will increase by 17% in 2014 following 16% growth last year, while the company offers a
Read moreLondon open: Stocks trading lower ahead of busy day
19th Mar 2014 08:31
- Ukraine-Russia tensions running high - UK Budget in focus - FOMC meeting concludes later on - Antofagasta, HSBC hit by downgrades - Smiths Group warns of currency headwinds techMARK 2,810.68 +0.27% FTSE 100 6,591.09 -0.21% FTSE 250 16,348.73 -0.03% UK stock opened with small losses on Wednesday
Read moreLondon close: Shares higher as traders still hoping for best in Crimea
17th Mar 2014 16:59
- FTSE closes up 40.46 at 6,568.35 - Help to Buy extended, Persimmon leads gains - Crimea votes to rejoin Russia, travel bans imposed techMARK 2,796.14 +1.11% FTSE 100 6,568.35 +0.62% FTSE 250 16,297.38 +1.07% The City ended today's session in a buoyant mood, lifted by a strong performance amongst
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