Redrow posts record results, announces special payout
6th Feb 2019 07:43
(Sharecast News) - Housebuilder Redrow posted a record set of interim results on Wednesday even as sales took a hit from Brexit-related uncertainty.
Read moreWednesday preview: Fedspeak, UK homebuilders in focus
5th Feb 2019 15:09
(Sharecast News) - The market spotlight on Wednesday will continue to be on the ongoing stream of corporate results being published on both sides of the Atlantic.
Read moreRedburn downgrades Crest Nicholson after 'torrid' 2018
24th Jan 2019 13:48
(Sharecast News) - Redburn cut its stance on Crest Nicholson to 'neutral' from 'buy' on Thursday as part of a broader note on UK housebuilders.
Read moreMonday broker round-up
14th Jan 2019 13:44
(Sharecast News) - Next: Credit Suisse downgrades to underperform with a target price of 4,800p.
Read moreHousebuilders rally as BoA Merrill says risks priced in, upgrades sector
11th Jan 2019 10:04
(Sharecast News) - Housebuilders were the star performers on the FTSE 100 on Friday as Bank of America Merrill Lynch upped its stance on the sector to 'neutral' from 'underperform' and boosted its ratings on several stocks, saying the risks are now priced in.
Read moreFTSE 250 movers: Thomas Cook back from the dead as Spire slumps
5th Dec 2018 14:41
(Sharecast News) - London's FTSE 250 was up 0.07% at 18,341.83 in afternoon trade on Wednesday, as Thomas Cook staged a desperate recovery after a series of negative sessions.
Read moreSector movers: Brexit concerns weigh on homebuilders
4th Sep 2018 17:04
(Sharecast News) - Home Construction and Auto & Parts stocks are among the weakest areas of the market on Tuesday, with the former getting slammed after a weak reading on activity in the sector, against a backdrop of ongoing negative news-flow around the state of the Brexit negotiations, and the former weighed down by global trade uncertainty.
Read moreRedrow posts record full-year results, calls for clarity on Brexit and Help to Buy
4th Sep 2018 07:53
(Sharecast News) - FTSE 250 housebuilder Redrow posted a jump in full-year profit on Tuesday as revenue rose to a record level on the back of higher completions, and the company called for clarity over Brexit and the Help to Buy scheme to underpin market sentiment.
Read moreBerenberg points out value in UK housebuilders
25th Jul 2018 10:31
(Sharecast News) - Berenberg initiated coverage of a host of housebuilders on Wednesday at buy' and 'hold' ratings, after the sector has endured a tough 2018 and with shares down 16% amid concerns about cooling house price inflation and rising build costs.
Read moreAnalysts mostly bullish on houseuilders after housing White Paper
8th Feb 2017 11:40
(ShareCast News) - HSBC kept 'buy' recommendations on all the UK housebuilding stocks it covers, as the government's housing white paper contains "few measures that would upset the expected delivery of homes" from the major developers, with Bellway and Bovis offering the most upside. A note from Num
Read moreRedrow hoists dividend 50% as housing sales show little sign of slowing
8th Feb 2017 07:58
(ShareCast News) - Housebuilder Redrow added 50% to its dividend after enjoying strong growth in the first half of its financial year and beginning 2017 with a record order book and strong sales momentum. In the six months to 31 December, the FTSE 250 company grew revenue 23% to £739m after upping h
Read moreHousebuilders climb as Deutsche highlights sector's value, yields, risks
4th Jan 2017 12:14
(ShareCast News) - Deutsche Bank has highlighted the "significant" value in the UK housebuilders sector, singling out Taylor Wimpey as its top pick and upgrading McCarthy & Stone onto its 'buy' list. Noting that investor appetite for UK focused stocks has subsided in light of risks around Brexit, De
Read moreLiberum downgrades Barratt to 'sell' as it looks at UK housebuilders
6th Dec 2016 09:20
(ShareCast News) - Liberum downgraded Barratt Developments to 'sell' as it took a look at the UK housebuilding sector. The brokerage said it sees long-term value in some housebuilders as the valuation looks appealing and long-term fundamentals remain favourable. It noted government support for the
Read moreEncouraging sales trend ongoing, says Redrow chairman
9th Nov 2016 08:36
(ShareCast News) - Redrow was set to hold its annual general meeting on Wednesday, with Steve Morgan, saying the encouraging sales trend reported in the September preliminary results had continued. The chairman of the FTSE 250 housebuilder said currently, net private reservations were 6% ahead at 1,
Read moreHouse prices helped by demand rebound and historic supply low, RICS says
13th Oct 2016 09:35
(ShareCast News) - Surveyors reported an unexpected increase in house prices in the last three months as demand rose but the supply of new homes for sale dropped off and numbers for sale in London dropped to a historic low. The Royal Institution for Chartered Surveyors (RICS) revealed the headline b
Read more