London pre-open: Gains ahead
6th Jul 2010 07:37
Investors have a number of blue chip announcements to consider following yesterday's slow start to the week. Footsie is expected to open around 20 points higher. Housebuilder Persimmon said private sale reservations have softened around the time of the new government's budget proposals, though sal
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
6th Jul 2010 07:26
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0626 GMT [Dow Jones] Persimmon (PSN.LN) reports very positive numbers ahead of the first half so shares are likely to rise af
Read moreMARKET TALK: Persimmon Shares To Rise After Update - Analyst
6th Jul 2010 07:26
0626 GMT [Dow Jones] Persimmon (PSN.LN) reports very positive numbers ahead of the first half so shares are likely to rise after the statement, says Liberum Capital analyst. Says the company already sold GBP1.5 billion worth of homes for the year, which is really good news and that margins are also
Read morePersimmon Prepares For Seasonally Strong Autumn Season
6th Jul 2010 07:09
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Persimmon PLC (PSN.LN), the U.K.'s largest house builder by market capitalization, Tuesday said it will open up new sites to prepare for the normally stronger housing market in the autumn, despite remaining cautious. It added, ho
Read morePersimmon sees sales rise, remains cautious
6th Jul 2010 07:02
Housebuilder Persimmon said private sale reservations have softened around the time of the new government's budget proposals, though sales prices and margins have continued to increase. "Since early May we have experienced the normal seasonal slow down in private sale reservations. We believe this
Read moreTuesday preview: Persimmon, Tullow, Punch
5th Jul 2010 16:15
As the credit crunch began to ease last year so the share prices of housebuilders bounced back strongly, but there are signs of the rally running out of steam as housing market data gets a bit spotty. Sector leader Persimmon updates the market on Tuesday with its pre-close statement, and Panmure Go
Read moreMARKET TALK: Credit Suisse Adjusts Ratings On UK Housing Stocks
5th Jul 2010 07:58
0658 GMT [Dow Jones] Credit Suisse adjusts ratings on UK housing stocks in its latest sector note. Brokerage believes buying opportunities remain within the sector, "despite downward revisions to our price and volume forecasts for 2011 and a significant change to our valuation methodology that mater
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
5th Jul 2010 07:58
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0658 GMT [Dow Jones] Credit Suisse adjusts ratings on UK housing stocks in its latest sector note. Brokerage believes buying
Read moreWeek Ahead: Persimmon, Hays, BoE rate decision
2nd Jul 2010 11:45
Housebuilders and recruitment firms will be in the spotlight next week, with the likes of Persimmon, Bovis, Hays and Michael Page releasing trading updates. Panmure Gordon said it will be "interested to hear whether Persimmon will echo Taylor Wimpey's comments that sales have strengthened in recent
Read moreLondon close: Flat finish
30th Jun 2010 15:56
A jumpy start on Wall Street did nothing to steady a volatile Footsie, but despite all the fluctuations the leading index finished hardly changed on the day. London lost 272 points in June, the third monthly decline in a row, and traded a range of well over 400 points. Miners ENRC, Kazakhmys and A
Read moreLondon afternoon: Miners spoil the party
30th Jun 2010 14:15
The Footsie turned south over the lunch time session as traders took note of the US stock futures market which indicates US markets will open mixed and miners took a turn for the worse. Anglo-Swedish drugs giant AstraZeneca is still the best performer after it received a favourable US ruling in it
Read moreLondon midday: Respectable gains for Footsie
30th Jun 2010 11:58
Gains in London are now approaching respectable, buoyed by strong demand for heavy hitters in the pharmaceuticals and energy sectors. Anglo-Swedish drugs giant AstraZeneca is the best performer after it received a favourable US ruling in its battle to keep control of the patents to its best-selling
Read moreUPDATE: Carpetright Eyes House Builders, Insurers Sales Boost
29th Jun 2010 11:32
(Adds executive comment, detail.) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Carpet and floorings retailer Carpetright PLC (CPR.LN) Tuesday said its full fiscal-year sales rose 7% on the year, partly due to new partnerships with insurers and house builders, which it ho
Read moreLondon afternoon: Market takes tax hikes on chin
22nd Jun 2010 14:17
Footsie is still in the red after chancellor George Osborne's first Budget, which contained a huge raft of tax and benefit changes, most of which will raise revenue for the government. VAT is going up from 17.5% to 20%, capital gains tax is rising to a flat rate of 28% while the banks and building
Read moreMARKET TALK: Budget Critical To Fortunes Of House Builders
18th Jun 2010 14:04
1304 GMT [Dow Jones] The emergency UK budget on Tuesday will be critical to the fortunes of the UK housing market says Royal Bank of Scotland. Says the sector will be mindful of spending cuts versus tax revenue-raising initiatives. However, thinks the impact of this budget could be limited as the ne
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