Redrow warns of full year profits hit as it scales back London ops
30th Jun 2020 07:35
(Sharecast News) - Housebuilder Redrow said annual profits would be "substantially" lower after scaling back its London operations and factoring in the impact of Covid-19.
Read moreJefferies cuts Crest Nicholson to 'hold' in upbeat sector note
26th Jun 2020 09:48
(Sharecast News) - Jefferies cut its rating on Crest Nicholson shares to 'hold' because of the company's higher-risk profile but the broker was upbeat on the wider sector's prospects.
Read moreMonday broker round-up
27th Apr 2020 13:54
(Sharecast News) - South32: Jefferies downgrades to underperform with a target price of 80p.
Read moreHousebuilder Redrow to restart construction in May
27th Apr 2020 07:35
(Sharecast News) - Housebuilder Redrow announced plans on Monday for a phased return to construction on 18 May.
Read moreRedrow agrees extra ?100m in funding under RCF
20th Apr 2020 07:20
(Sharecast News) - Housebuilder Redrow said it agreed ?100m in extra funding with six banks under its revolving credit facility, giving access to ?350m maturing at the end of December 2022.
Read moreRedrow eligible for govt support; furloughs 80% of workforce
9th Apr 2020 07:51
(Sharecast News) - Housebuilder Redrow said on Thursday that it is eligible for access to ?300m funding from the government's Covid Corporate Financing Facility and that it has furloughed 80% of its staff due to the outbreak.
Read moreTuesday broker round-up
31st Mar 2020 13:25
(Sharecast News) - Taylor Wimpey: JP Morgan downgrades to neutral with a target price of 110p.
Read moreJP Morgan cuts forecasts across housebuilding sector, downgrades Redrow
31st Mar 2020 11:32
(Sharecast News) - JP Morgan has reduced its forecasts for the UK housebuilding sector, including cutting its rating on Redrow and Taylor Wimpey.
Read moreRedrow closes all sites, in talks with banks about more credit
27th Mar 2020 07:34
(Sharecast News) - Redrow said on Friday that it was closing all of its sites and offices due to the coronavirus and is in talks with banks about securing more credit.
Read moreUK govt accused of 'negligence' for allowing building sites to open
25th Mar 2020 11:17
(Sharecast News) - Unions accused the government of negligence for allowing building sites to remain open during the lockdown and called for the coronavirus wage bailout to be extended to self-employed construction workers.
Read moreRedrow cancels divi, keeps building sites open; warns on cancellations
24th Mar 2020 07:26
(Sharecast News) - House builder Redrow cancelled its dividend and said it expected its sales rate to be "seriously impaired" over the coming weeks, forecasting labour and materials shortages, as the UK government ordered restrictions on movement to combat the coronavirus.
Read moreHousebuilders are too cheap, Jefferies says
19th Mar 2020 10:18
(Sharecast News) - UK housebuilders are too cheap, Jefferies said as the broker placed 'buy' ratings on almost all sector stocks after big share price falls caused by the coronavirus crisis.
Read moreTuesday broker round-up
25th Feb 2020 13:15
(Sharecast News) - Redrow: Jefferies upgrades to buy with a target price of 981p.
Read moreHSBC upgrades Berkeley, expects help-to-buy fillip for housebuilders
19th Feb 2020 08:45
(Sharecast News) - Berkeley Group was the standout gainer on the FTSE 100 on Wednesday as HSBC upped its rating on the stock to 'buy' and said it now has 'buy' ratings on all nine listed housebuilders under coverage.
Read moreThursday broker round-up
6th Feb 2020 13:15
(Sharecast News) - CMC Markets: Peel Hunt downgrades to add with a target price of 180p.
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