FTSE 100 movers: CRH soars on 2014 outlook
25th Feb 2014 14:58
CRH climbed to the top of the leaderboard as it looked ahead to 2014, predicting it would be a year of profit growth. The gains came despite poor results in 2013, for which it blamed severe winter conditions and weaker trading in Europe. Comments from broker Jefferies, giving the stock a 'buy' ratin
Read moreSector movers: Construction stocks led higher by CRH
25th Feb 2014 14:29
Construction and material stocks were led higher by CRH after the Irish building material supplier said it expects modest growth in 2014. The company reported a drop in 2013 profits but sees an improvement this year as overall construction activity in Ireland is anticipated to pick up. "We expect
Read moreJefferies keeps 'hold' on Persimmon despite cash returns
25th Feb 2014 10:15
Broker Jefferies is keeping its 'hold' advice on Persimmon despite the house-builder's decision to speed up its dividend payments. Jefferies praised Persimmon's move to increase the planned 10p dividend payable on July 4th to 70p, to pay a dividend of 95p in 2015 and to hand out a least 10p a share
Read moreTuesday broker round-up UPDATE
25th Feb 2014 08:40
African Barrick Gold: Canaccord Genuity raises target price from 205p to 315p and upgrades from hold to buy. Ashmore Group: Canaccord Genuity takes target price from 205p to 315p and downgrades from buy to hold. Associated British Foods: Jefferies increases target price from 2450p to 2600p retaini
Read moreLondon open: Sentiment hit by concerns about China
25th Feb 2014 08:39
- FTSE falls more than expected - China woes knock sentiment - German Q4 GDP as forecast techMARK 2,903.17 -0.49% FTSE 100 6,832.37 -0.49% FTSE 250 16,471.23 -0.41% The FTSE suffered a bigger-than-predicted decline in opening trade this morning, dragged by a poor performance on the Chinese stock m
Read moreLondon pre-open: Stocks to slide lower ahead of European data
25th Feb 2014 07:20
- FTSE to open 14 points lower - Focus on German Q4 GDP - Persimmon posts strong 2013 revenue UK stocks look set to largely ignore gains seen in both Asia and the US overnight to start the day's session in the red, as traders await data out from Germany and the European Commission. City sources pr
Read morePersimmon's annual profits and revenue rise on improved market
25th Feb 2014 07:04
- Revenue up 21 per cent - Pre-tax profit increases 16 per cent - Operating margins and average selling price rise - Help to Buy boosts mortgage lending and demand - Forward order sales climb Housebuilder Persimmon reported a 21 per cent rise in 2013 revenue to 2.1bn pounds against the previous yea
Read moreTuesday preview: Persimmon, CRH and GKN report full-year results
24th Feb 2014 14:51
Persimmon, CRH and GKN will be among the FTSE 350 companies out with annual results on Tuesday. Housebuilder Persimmon indicated in its January interims that it will post 16% volume growth, a 4% increase in the average sales price. Numis predicts earnings before interest and tax (EBIT) margins wi
Read moreLondon close: Stocks end week on a high
21st Feb 2014 16:20
- FTSE closes up 25 points - Retail sales come in below expectations - US home sales fall 5.1 per cent in January techMARK 2,891.86 +0.55% FTSE 100 6,838.06 +0.37% FTSE 250 16,460.88 +0.56% It was a strong finish for the FTSE today, despite retail sales showing a sharp drop for January. The FTS
Read moreFriday broker round-up UPDATE
21st Feb 2014 10:11
Barratt Developments: JP Morgan raises target price from 360p to 420p, while downgrading to neutral. Bellway: JP Morgan takes target price from 1450p to 2000p and retains an overweight rating. Bodycote: UBS initiates with a target price of 800p and a buy recommendation. Bovis Homes Group: JP Morg
Read moreLondon close: Strategists surprised by recent losses in markets
7th Feb 2014 17:08
- Mixed US employment data - Barclays: Fed could refrain from tapering in March - Persimmon and LSE shares power ahead - NIESR: MPC will not raise rates until quarter two of 2015 techMARK 2,790.30 +0.40% FTSE 100 6,571.68 +0.20% FTSE 250 15,865.12 +0.48% The FTSE 100 managed to end the day in the
Read moreFTSE 100 movers: Persimmon, Meggitt, LSE
7th Feb 2014 15:05
Housebuilder Persimmon was the top riser of the FTSE 100 a day after a report from Halifax showed house prices rose more than expected in January. Engineering company Meggitt rallied after reports showed a rise in UK manufacturing and industrial production in December, albeit less than expected.
Read moreTuesday broker round-up UPDATE
4th Feb 2014 09:20
Alumasc: FinnCap ups target price from 142p to 167p and retains its buy recommendation. Barratt Developments: Barclays increases target price from 444.7p to 471.2p and keeps an overweight rating. Bellway: Barclays raises target price from 1498.1p to 1552.6p, but keeps an underweight rating. Berke
Read moreFriday broker round-up UPDATE
31st Jan 2014 09:43
Aberdeen Asset Management: Berenberg cuts target price from 555p to 530p staying with its buy recommendation. Amlin: Canaccord Genuity moves target price from 420p to 430p reiterating a hold recommendation. ARM Holdings: Credit Suisse cuts target price from 1150p to 1100p and reiterates an outperf
Read moreLondon close: Markets hold on to gains despite poor US jobs data
10th Jan 2014 16:42
- US jobs report misses forecasts by a mile - Fed now in focus on stimulus speculation - Tullow gains on Statoil rumours - Mining stocks track metals higher - Barclays boosts forecasts for UK and US GDP techMARK 2,801.83 +0.98% FTSE 100 6,739.94 +0.73% FTSE 250 16,191.73 +1.52% UK markets remained
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