Tuesday preview: Glencore and Persimmon
20th Aug 2012 16:00
Reporting its first-half numbers on Tuesday morning will be commodities trader and marketer Glencore. The stock was under pressure on Monday on reports that Qatar Holdings has boosted its stake in potential merger partner Xstrata and is looking to block the deal as it demands a sweetened offer fro
Read moreWeek Ahead: Bovis, Persimmon, Diageo, UK GDP
17th Aug 2012 09:49
Results season for the house builders is upon us, and Bovis Homes kicks it off on Monday after releasing what Peel Hunt regarded as the weakest trading statement of all the companies in the sector back in July. Peel Hunt's beef is with Bovis's margins, which the broker thinks look set to slip below
Read moreLondon open: Stocks rise on stimulus hopes; Barclays in focus
3rd Jul 2012 08:31
- US, UK, China and ECB stimulus hopes drive gains - Barclays hits headlines after CEO departs - Miners rise as metals prices advance Hopes that central banks will inject more stimulus into the global economy were boosting UK stocks on Tuesday morning. Yesterday's disappointing manufacturing data
Read moreLondon pre-open: FTSE set to track Asian stocks higher
3rd Jul 2012 07:33
City sources predict the FTSE 100 will open up 17 points from yesterday's close of 5,641, pushed higher by trading in Asia and hopes that the Bank of England will opt to extend its 325 billion pound stimulus programme at Wednesday's policy meeting. House builder Persimmon said it had a good first
Read moreFamily home sales boost Persimmon
3rd Jul 2012 07:01
House builder Persimmon said it had a good first half of the year with sales rates and prices running ahead of the corresponding period of 2011. The group completed 4,712 new homes (2011: 4,439) in the first six months of 2012, an increase of 6% on the prior year. Weekly average private sales rate
Read morePersimmon weekly private sales up sharply in first quarter
19th Apr 2012 07:11
Housebuilder Persimmon experienced a strong start to 2012 with the spring selling season continuing to outperform the previous year as weekly private sales rise around 20 percent. The York-based company, which has seen visitor levels to its sites rise 10% over the first fifteen weeks, said it is co
Read moreLondon close: Stocks flat as investors digest Budget
21st Mar 2012 16:47
- FTSE 100 unchanged on the day after subdued reaction to Budget - MPC unanimous on interest rates, divided on QE - Weir slumps on negative read-across from Baker Hughes The markets gave a rather muted reaction to today's Budget announced by Chancellor of the Exchequer George Osborne at lunchtime,
Read moreBUDGET: Construction sector gets ready for planning changes
21st Mar 2012 13:52
The Chancellor of the Exchequer wants a building boom in Britain. In his budget speech on Wednesday George Osborne declared that planning regulations were going to be cut from 1,000 to 50 pages. He added the changes would be part of an overhaul of planning to be published next week. The review wil
Read moreLondon close: Stocks surge on improving global outlook
13th Mar 2012 16:48
- FTSE 100 at highest levels since last summer - Markets await FOMC, words from Bernanke - Draghi sees signs of 'stabilisation' The Footsie finished at an eight-month high on Tuesday, up a whole percentage point on the day, as financial stocks made gains on the back of an improving global economic
Read moreBroker tips: Standard Life, Inchcape, House builders
13th Mar 2012 12:16
While Panmure Gordon says that Standard Life's full-year results were good and ahead of expectations, the broker had downgraded its rating on the insurance giant from buy to hold. "We turned buyers of Standard Life following better than anticipated interim results in August and on the basis that th
Read moreLondon midday: Stocks extends gains after ZEW survey
13th Mar 2012 11:46
- German ZEW reaches highest level in over a year - Spain to accept Eurogroup's fiscal consolidation request - Miners, banks lead the rise on the Footsie Stocks were extending gains by lunchtime after a German confidence survey smashed expectations. Meanwhile, US stock futures are pointing to a pos
Read moreBroker snap: Buy on NewBuy - Credit Suisse stays positive on house builders
13th Mar 2012 11:00
The house builders were performing well on Tuesday morning, a day after NewBuy was launched. Credit Suisse has maintained its positive view on the sector today despite its recent strong performance, saying that the government's scheme is an 'incremental positive' to its investment thesis. NewBuy wi
Read moreTuesday broker round-up - UPDATE
13th Mar 2012 09:59
AstraZeneca: Panmure Gordon keeps buy rating and 3,600p target. Bellway: Credit Suisse maintains outperform rating. BG Group: Nomura raises target from 1,865p to 1,950p, buy rating kept. Computacenter: Panmure Gordon ups target from 490p to 501p, buy rating unchanged. Hays: Credit Suisse ups tar
Read moreLondon close: Stocks finish higher after volatile session
28th Feb 2012 17:08
- Ireland to hold referendum on fiscal compact. - US economic data comes in mixed. - GKN leads fallers after full-year results. The Footsie finished just 0.2 percent higher on Tuesday as losses over lunchtime were pared in the afternoon with stocks seesawing on some mixed economic data in the US. S
Read moreSector movers: Persimmon cements gains for house-builders
28th Feb 2012 16:27
A 13% surge in the stock price of Persimmon boosted the household goods and home construction higher on Tuesday. While house-builder Persimmon's results appeared to be broadly in line with expectations, shares soared on news of a cash return worth £1.9bn over the next nine and a half years, somethi
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