MARKET TALK: UK Housebuilders Should Improve After The Budget
11th Jun 2010 10:41
0941 GMT [Dow Jones] UK housebuilders offer good value and their shares should perform better once the government's budget is out of the way, says Liberum Capital. Adds that sector underperformance has been driven by risk aversion. Says the budget on June 22 is almost certain to include an increase
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
11th Jun 2010 10:41
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] 0941 GMT [Dow Jones] UK housebuilders offer good value and their shares should perform better once the government's budget is
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
9th Jun 2010 09:04
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0804 GMT [Dow Jones] Investec upgrades Barratt Developments (BDEV.LN) and Persimmon (PSN.LN) to buy from hold, keeping the
Read moreMARKET TALK: Investec Upgrades Barratt, Persimmon To Buy
9th Jun 2010 09:04
0804 GMT [Dow Jones] Investec upgrades Barratt Developments (BDEV.LN) and Persimmon (PSN.LN) to buy from hold, keeping the price targets at 110p and 414p, respectively. Is now a buyer of all the leading house builders. Still has short-term concerns about the market post-election but says they look "
Read moreLondon close: Eurozone worries batter Footsie
19th May 2010 16:36
European concerns were behind sharp falls in shares today as plans by Germany to slap a ban on short-selling of European bonds, credit default swaps and ten of Germany's biggest financial groups spooked investors. German chancellor Angela Merkel's warning that Europe is facing its greatest crisis i
Read moreLondon afternoon: Experian provides isolated cheer
19th May 2010 14:13
Leading shares trimmed their losses over the lunchtime session but the predominant colour on the Footsie leaderboard remains red. Mining companies lead the retreat on fears that Germany's decision to impose an immediate ban on "naked short selling" of euro-denominated government bonds and also cred
Read moreLondon midday: Markets on short fuse
19th May 2010 12:20
Water utility company Severn Trent was the only FTSE 100 constituent to advance during the morning session, as all of the others ended the morning underwater. If the move by Germany's financial regulator to impose an immediate ban on "naked short selling" of corporate debt last night was intended t
Read moreBroker tips: Persimmon, ASOS, NCC
23rd Apr 2010 13:14
Panmure Gordon has reiterated its 'buy' recommendation for Persimmon following the housebuilder's interim management statement earlier this week. "We believe that its aggressive stance on write-downs versus its peers and the prospect of another year of strong cash generation in 2010, leave the busi
Read moreBroker snap: Write-backs a possibility for Persimmon
23rd Apr 2010 12:53
Panmure Gordon has reiterated its 'buy' recommendation for Persimmon following the housebuilder's interim management statement earlier this week. "We believe that its aggressive stance on write-downs versus its peers and the prospect of another year of strong cash generation in 2010, leave the busi
Read moreFriday tips round-up: IMI, Persimmon, Bluebay
23rd Apr 2010 06:51
Five months after above-forecast profits prompted it to bring forward its trading statement, IMI is at it again. The mid-cap maker of valves and hydraulic controls yesterday broke its silence two weeks earlier than planned, telling the stock market that its outlook for the first-half of 2010 has "
Read moreSector movers: Housebuilders move ahead
22nd Apr 2010 12:35
Investors have given housebuilder Persimmon's trading update a warm reception, helping lift the home construction sector higher. Persimmon said sales have remained consistent since it last updated the market on March 2, despite uncertainty over the state of the economy and the coming general elect
Read moreFTSE 250 movers: Persimmon builds good gains
22nd Apr 2010 12:34
Housebuilder Persimmon is a top riser after it said sales have remained consistent since it last updated the market on March 2, despite uncertainty over the state of the economy and the coming general election. Peers Redrow and Taylor Wimpey are also posting good gains. It's been only seven weeks
Read morePersimmon trading steady despite uncertainty
22nd Apr 2010 07:51
Housebuilder Persimmon said sales have remained consistent since it last updated the market on March 2, despite uncertainty over the state of the economy and the coming general election. Total sales are some 20% higher than last year at about £1.15bn, the company said. Volumes are up by about 11%,
Read moreLondon afternoon: Stocks trade sideways
10th Mar 2010 14:25
The market traded sideways over the lunchtime session allowing the blue-chip index to retain its tenuous position above the 6500 level. Mining stocks are doing their bit to bolster the Footsie as metal prices rise following a sharp increase in imports into China in February. Banks are also doing th
Read morePersimmon's Jonathan Davie lays foundations
5th Mar 2010 16:23
Persimmon non-executive Jonathan Davie started building a stake in the housebuilder with the purchase of £42,000 in shares. Davie, who was appointed to the board on January 1, bought 10,000 shares at 419.9p a time. His purchase comes soon after the company said it completed 8,976 house sales last
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