29th Sep 2016 14:59
(ShareCast News) - Oil-related stocks led the FTSE 250 higher on Thursday after Opec's surprise overnight deal, though an initial spike tailed off towards the close. Producer Tullow Oil, which is seen as quite crude-price sensitive, led the leaderboard, while oil investor Riverstone Energy was not f
Read more23rd Sep 2016 08:35
(ShareCast News) - Housebuilder Persimmon and its peers got a boost on Friday as Liberum upgraded the stock to 'buy' from 'hold' and lifted price targets across the sector as it took a more positive view. "We have upgraded estimates across our coverage as 2016 trading is much better than we feared i
Read more20th Sep 2016 09:16
(ShareCast News) - Barratt Developments and Bovis Homes were under the cosh on Tuesday after UBS downgraded the housebuilders to 'neutral' from 'buy' as it reviewed the sector. UBS said market dynamics have been "significantly more benign" in July and August following the UK's vote to leave the Euro
Read more15th Sep 2016 07:43
(ShareCast News) - Redrow has announced plans to buy back 10% of its shares. The plans will be put to a shareholder vote. Analysts at Whitman Howard said this was "a strong endorsement of the view that house builders will seek to return cash to shareholders" and that as Redrow has been one of the l
Read more7th Sep 2016 10:31
(ShareCast News) - Centrica: Goldman Sachs downgrades to sell with a target price of 213p. Ashmore: Barclays maintains underweight with a 270p target. Aviva: UBS upgrades to buy with a 505p target. Polymetal: Berenberg reiterates buy with a 1200p target. SSE: Goldman Sachs keeps at neutral with a
Read more6th Sep 2016 07:30
(ShareCast News) - Redrow surged on Tuesday as the FTSE 250 housebuilder reported a jump in pre-tax profit for the full year as revenue grew and the company lifted its dividend. For the year to the end of June, pre-tax profit was up 23% to £250m on revenue of £1.38bn, up 20% from the year before and
Read more22nd Aug 2016 15:44
(ShareCast News) - Real Estate Investment Trusts and Home Construction stocks paced gains at the start of the week, buoyed by a large drop in longer-term Gilt yields and reports that Westminster might be readying a multi-billion pound fund to support property developers in a bid to stimulate the UK'
Read more22nd Aug 2016 13:44
(ShareCast News) - The FTSE 250 index was in the red late on Monday as a cabal of resources stocks cancelled out gains from housing related companies. Amid general renewed pressure on commodity prices hitting much of the sector, gold miners were the heaviest weight around the neck of the mid-cap ind
Read more26th Jul 2016 10:38
(ShareCast News) - Deutsche Bank cut its price targets for all UK housebuilders in light of Brexit uncertainty, although the bank continued to be positive about the sector. Barrett Developments' target price was cut to 575p from 667p; Berkeley to 3,829p from 3,981p; Bovis to 1,190p from 1,322p; Bell
Read more4th Jul 2016 18:25
(ShareCast News) - FTSE 250 stocks ended on a sour note with residential property-linked stocks figuring prominently among the fallers as UK construction data disappointed. Clarkson led to the downside as it warned full-year 2016 profits would be "materially lower" on the year due to lower freight r
Read more29th Jun 2016 19:43
(ShareCast News) - Unless we are heading for some sort of huge housing crisis, shares of many homebuilders are still attractive, with stock in Redrow being a particular case in point, while several others were on guaranteed dividend yields, The Times´s Tempus wrote. Instead of shovelling large amoun
Read more28th Jun 2016 09:24
(ShareCast News) - Following the UK's decision to leave the European Union, Goldman Sachs expects new build volumes in UK housing to drop 10% next year, versus a previous forecast of 7% growth and house prices to fall by 2%/5% in 2016/17. As far as the UK economy is concerned, the bank has cut its 2
Read more28th Jun 2016 07:54
(ShareCast News) - FTSE 250 housebuilder Redrow said on Tuesday that thanks to a strong performance, it now expects pre-tax profit for the year to be above the top end of analysts' estimates, which currently stand at £240m. The company said it saw no impact on house sales or visitor levels in the ru
Read more23rd May 2016 14:14
(ShareCast News) - The FTSE 250 was not far off its three-month high on Monday afternoon, up 0.71% at 17,042.61 as a buoyant handful of challenger banks and property-related stocks outweighed those hit by the oil price retreat. The Treasury weighed into the Brexit debate, aiming to convince Britain
Read more26th Apr 2016 15:19
(ShareCast News) - Banks and real estate and property stocks rode to the top of the leaderboard on the heels of well-received quarterly earnings from StanChart and a perception that Brexit risks were fading, although analysts and market commentary were cautious on both counts. For the first quarter
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