Liberum sees value in housebuilders after sector subsidence
22nd Apr 2016 09:34
(ShareCast News) - Broker Liberum has upgraded housebuilders Barratt Developments and Persimmon to 'hold' as it toned down its caution on the sector, but said Taylor Wimpey remained a 'sell'. Having turned cautious on housebuilders in November due to stretched valuation and fears of margin pressure,
Read moreUK construction outlook dims, RICS survey finds
20th Apr 2016 10:34
(ShareCast News) - UK construction growth slowed in the first quarter of 2016, according to fresh data, with the rate of private house building slowing to a three-year low. Revealing its research, the Royal Institution of Chartered Surveyors (RICS) said the slowdown in growth had been accompanied by
Read moreFTSE 250 movers: Subsiding house builders undermine index
11th Apr 2016 15:35
(ShareCast News) - The FTSE 250 could not match the small rise of its blue chip neighbour index, falling 0.26% on Monday as its property and housebuilding stocks cast a shadow across the mid caps. House builders on the FTSE 250, including Galliford Try, Crest Nicholson, Bellway, Redrow and Bovis Hom
Read moreHSBC starts 10 UK housebuilders at 'buy'
17th Mar 2016 09:59
(ShareCast News) - HSBC initiated coverage of UK housebuilders saying the sector offers exposure to an area of real undersupply, with the UK government "largely pulling out all the stops to help". It started Barratt Developments, Bellway, Berkeley, Bovis Homes, Crest Nicholson, Galliford Try, McCart
Read moreSunday share tips: Panmure Gordon, UK housebuilders, Fastforward Innovations
14th Feb 2016 15:48
(ShareCast News) - Sell shares in Panmure Gordon said the Sunday Times' Inside the City column. The broker's historic, 140-year-old brand gives it an advantage but as a specialist in small cap and mid-cap clients companies, it has seen its pipeline for flotations, fundraisings and M&A deals run rath
Read moreLondon close: Losses in commodity space weigh on Footsie
9th Feb 2016 17:30
(ShareCast News) - The UK's top-flight index finished in the red as losses overnight in Japanese equities filtered through into the European session, with weakness in the market for US energy companies' high-yield debt seen as the epicentre of current worries. That came amid a second-day of sharp fa
Read moreFTSE 250 movers: Redrow falls despite rise in profits
9th Feb 2016 14:47
(ShareCast News) - The FTSE 250 continued to slide on Tuesday, with the second tier market down 140.79 points (0.91%) to 15,357.20 by mid-afternoon. Redrow was near the top of the fallers list despite posting a rise in first half pre-tax profit as revenue and completions grew. In the six months to
Read moreRedrow doubles dividend as first half profit rises
9th Feb 2016 07:32
(ShareCast News) - Housebuilder Redrow posted a rise in first half pre-tax profit as revenue and completions grew. In the six months to the end of December, pre-tax profit increased 14% to a record £104m, on revenue of £603m, up 8% from the same period in 2015. Earnings per share, meanwhile, were 15
Read moreJefferies hoists target prices for housebuilding sector
12th Jan 2016 13:37
(ShareCast News) - Jefferies has upgraded house builders Barratt Developments, Berkeley and Galliford Try due to the UK's continued housing shortage outweighing other concerns. The broker said it believes the government's 100,000-a-year target is not achievable with current construction skills short
Read moreRedrow confident over full year performance as selling prices rise
10th Nov 2015 09:44
(ShareCast News) - In a statement ahead of its annual general meeting, Redrow said it was confident of making significant progress this year following a strong sales performance. The housebuilder said the positive sales trend announced in the September results has continued. It said currently, n
Read moreTuesday broker round-up
3rd Nov 2015 11:08
(ShareCast News) - Getech Group: WH Ireland downgrades to sector perform, cuts target price to 40.00p. Kingfisher: JP Morgan Cazenove initiates new coverage with an underweight, sets target price at 320.00p. Intercontinental Hotels Group: Nomura reiterates to neutral, cuts target price to 2698.00p.
Read moreCrest Nicholson and Foxtons upgraded as Goldman hails mid-size housebuilders
9th Sep 2015 10:48
(ShareCast News) - In a note analysing the prospects of the UK housebuilders and estate agents sector, Goldman Sachs downgraded both Taylor Wimpey and Redrow to 'neutral' and upgraded Crest Nicholson to its 'conviction buy' list and Foxtons to 'neutral'. Recent data has continued to support a positi
Read moreRedrow profit rises 53%, revenue tops £1bn
8th Sep 2015 08:09
(ShareCast News) - Housebuilder Redrow reported a 53% rise in full-year pre-tax profit and doubled its final dividend as the government's 'help to buy' scheme continued to be a major driver for the business. For the year to 30 June, pre-tax profit came in at £204m from £133m in 2014, while turnover
Read moreReal UK house prices still below pre-crisis peak, Barclays says
2nd Sep 2015 13:18
(ShareCast News) - On average, real house prices in the UK continue to be far below their pre-crisis peaks, but some indicators are pointing to an acceleration, favouring those homebuilders which are continuing to seek further volume growth, a leading team of research analysts claimed. Since 1975, n
Read moreReal UK house prices far below pre-crisis peak, Barclays points out
2nd Sep 2015 13:11
(ShareCast News) - On average, real house prices in the UK continue to be far below their pre-crisis peaks, but some indicators are pointing to an acceleration, favouring those homebuilders which are continuing to seek further volume growth, a leading team of research analysts claimed. Since 1975, n
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