8th Jul 2015 15:57
London's housebuilders were hit by several measures unveiled by George Osborne in his Budget statement, with shares across the sector down in Wednesday afternoon trading. The Chancellor revealed measures to cut tax relief on mortgage interest for buy-to-let landlords, which was expected to take some
Read more6th Jul 2015 16:09
London's second-tier index was registering losses on Monday in the aftermath of the Greek referendum, with decent gains in the housebuilding sector offset by falls from mining and oil stocks. Diversified mining group Vedanta Resources was a heavy faller on the FTSE 250, dropping over 7%, as an avers
Read more6th Jul 2015 13:29
Barclays upgraded Bellway to 'overweight' from 'equalweight' and raised the target price to 2,799.9p from 2,096p, noting the growth ambitions of the UK's fourth largest housebuilder, as it took a look at the UK housebuilding sector. It downgraded Taylor Wimpey to 'equalweight' from 'overweight' but
Read more2nd Jul 2015 10:54
In spite of a strong performance from UK housebuilding stocks year-to-date and over the past five years, UBS has retained a bullish stance on sector, saying there's "still room to run". The bank has hiked target prices for most stocks across the sector by around 20-25% on average. It reiterated its
Read more1st Jul 2015 13:06
Mid-caps gained on Wednesday, championed by strong performances in the construction, telecommunications and property sectors. As of 15:00 BST, the FTSE 250 was trading 1.2% higher at 17,740. Outsourcer Serco topped the risers, after first-half profits came in better than expected, although manageme
Read more3rd Jun 2015 08:41
Tesco: JP Morgan retains underweight, lowers price target to 175p from 185p. Amec Foster Wheeler: JP Morgan maintains overweight and 905p target. Bellway: JP Morgan raises target to 2,575p from 1,150p and reiterates overweight. Barratt Developments: JP Morgan lifts target to 650p from 550p and ove
Read more26th May 2015 10:04
Deutsche Bank has named Taylor Wimpey, Barratt Developments and Bovis Homes as its top picks in the UK housebuilding sector, highlighting the attractive dividend yields across the industry. In its review of the sector, the bank hiked target prices for a host of stocks, including Taylor Wimpey, Barra
Read more21st Apr 2015 13:46
International Personal Finance (IPF) was boosted as the home-credit group escaped a fine from Poland's consumer protection authority. After an investigation into fee structures, the Polish Office of Consumer Protection and Competition agreed to waive the fine if IPF's Provident Polska implement a ne
Read more10th Apr 2015 11:34
Housebuilders were putting in decent gains on Friday as Jefferies upgraded ratings for stocks across the sector after recent data pointed to a stronger pre-election housing market than anticipated. The broker raised Bellway, Bovis Homes, Countrywide, Crest Nicholson, Redrow, Taylor Wimpey and Zoopla
Read more10th Apr 2015 09:28
Housebuilders were putting in decent gains on Friday as Jefferies upgraded ratings for stocks across the sector, saying that companies have "springs in their steps". The broker raised Bellway, Bovis Homes, Countrywide, Crest Nicholson, Redrow, Taylor Wimpey and Zoopla from 'hold' to 'buy'. Barratt D
Read more10th Apr 2015 08:33
UK stocks were on track to hit a new record on Friday, helped by strong gains in the housebuilding sector. London's FTSE 100 was up 0.46% at 7,047.39 shortly after the open. The index's previous closing high of 7,037.67 was set on 23 March, while the intraday record of 7,065.08 was set on 24 March.
Read more27th Mar 2015 08:05
Residential developer Redrow has confirmed its Redrow Homes Limited division will sell its ground rent portfolio to Adriatic Land 3 for £10.2m. The portfolio includes developments at Kingston Riverside, Kingston Riverwalk, Amberley Waterfront and 205 Holland Park in London. The first two assets wer
Read more11th Feb 2015 16:33
UK stocks declined for the fourth day on Wednesday with oil and mining stocks bearing the brunt of the selling pressure as investors scaled back their appetite for risk ahead of a pivotal meeting about Greece. London's FTSE 100 finished the session down 0.2% at 6,818, with blue-chip oil group Tullow
Read more11th Feb 2015 14:51
Well-received results from builder Redrow and consumer products group Reckitt Benckiser meant the household goods and home construction sector was the best performer in London on Wednesday. Redrow's share price had surged over 12% to 333p by the afternoon session after the company impressed with a s
Read more11th Feb 2015 09:18
Housebuilder Redrow reported a strong set of half-year results driven by strong demand for new homes and welcomed changes to stamp duty. The group saw a 54% increase in its revenues to £560.6m while profits before tax rose 92% to £91.2m. It also doubled its interim dividend to 2p per share. The imp
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