Sector movers: Real estate stocks tumble
11th Aug 2016 16:19
(ShareCast News) - Defensive sectors had the edge on Thursday even as investors continued to bid the market higher, with tobacco stocks enjoying the strongest gains alongside the likes of Unilever, with the latter standing to gain from recent improved sentiment towards emerging markets. Heading the
Read moreBroker tips: Staffline, Worldpay, Travis Perkins
11th Aug 2016 10:52
(ShareCast News) - Berenberg raised Staffline Group's rating to 'buy' from 'hold' and its target price to 1,250p from 900p on Thursday. Immediately after the UK's vote to leave the European Union on 24 June, Berenberg had downgraded the Staffline to 'hold' as it felt "uncertainty about the UK econom
Read moreBarclays downgrades Travis Perkins, slashes price target
11th Aug 2016 08:39
(ShareCast News) - Barclays downgraded Travis Perkins to 'underweight' from 'equalweight' and slashed the price target to 1,400p from 1,950p saying the UK's vote to leave the European Union will have a large impact on the business than the market expects, which will hit the valuation. "The combinati
Read moreJefferies downgrades Wolseley to 'hold'
5th Aug 2016 08:30
(ShareCast News) - Jefferies downgraded builders' merchant Wolseley to 'hold' from 'buy' as it took a look at the wider sector. It pointed out the shares have risen 17% from their post-Brexit lows and now sit 8% higher than before the UK's vote to leave the European Union. "Having heard from three
Read moreTravis Perkins sees slower July sales in wake of Brexit vote
2nd Aug 2016 07:49
(ShareCast News) - Travis Perkins said like-for-like sales in July had been below normal levels in the wake of the UK's decision to leave the European Union as it posted a 10.7% rise in interim profits to £176m. Revenues at the builders merchant rose by 5.8% to £31.bn, while like-for-like sales grew
Read moreBroker tips: Centrica, Travis Perkins, Reckitt Benckiser
30th Jun 2016 17:08
(ShareCast News) - Centrica's 'outperform' rating was left unchanged by RBC Capital Markets on Thursday but the British Gas owner's target price was cut to 250p from 280p. RBC said it advocates Centrica's strategy, announced last July, to put customers at the centre of growth ambitions and to scale
Read moreBerenberg downgrades Travis Perkins on Brexit uncertainty
30th Jun 2016 09:53
(ShareCast News) - Berenberg downgraded builders' merchant and home improvement retailer Travis Perkins to 'hold' from 'buy' and slashed the price target to 1,540p from 2,300p pointing to effect of Brexit uncertainty on the housing market. "While we still believe that Travis has a sound long-term st
Read moreFTSE 100 movers: Mining bears outweigh construction bulls
22nd Apr 2016 13:54
(ShareCast News) - London's blue chips were on the back foot as the week came to a close, weighed down as the miners continued to lose ground for a second session and despite oil prices launching a new move higher. After the European Central Bank's tough-talking stance on Thursday, miners were being
Read moreThursday newspaper share tips: Travis Perkins, Connect Group
21st Apr 2016 14:11
(ShareCast News) - Travis Perkins's business model, based on steady progress, should reap rewards for its investors in the long-term, The Times's Tempus said. The building materials merchant saw sales drop in the backhalf of 2015 as the effects of the 2014 tightening of rules on mortgage availabilit
Read moreLondon pre-open: Stocks seen weaker ahead of UK unemployment rate
20th Apr 2016 07:27
(ShareCast News) - London stocks were expected to open lower following mixed US and Asian sessions, as oil prices retreated and investors looked ahead to the release of the UK unemployment rate. The FTSE 100 was seen starting 30 points lower than Tuesday's close at 6,375. Oil prices were back in th
Read moreWickes shines in strong first quarter for Travis Perkins
20th Apr 2016 07:17
(ShareCast News) - FTSE 100 builders' merchant Travis Perkins reported a first quarter of solid growth on Wednesday, with total sales growth of 5%. On a comparable days basis, the company saw sales growth of 6.2% in the three months to 31 March, with like-for-like sales improving 4.2%. Two year like
Read moreBrexit worries continue to weigh on property stocks, homebuilders' shares
15th Apr 2016 18:48
(ShareCast News) - Property and real estate stocks were again weaker, with investors referencing simmering fears regarding the possible impact which Brexit might have on the sector's high-flying shares. Stock in builders' merchant Travis Perkins led the way lower on the Footsie, sliding by 4.62% to
Read moreJP Morgan upgrades CRH
6th Apr 2016 13:19
(ShareCast News) - The gloom hanging over emerging markets might be lifting on a 'tactical' basis, but the poor outlook for cement prices in that geography was set to drive a wedge between European building materials firms exposed to them versus those with a greater relative footprint in the US and
Read moreCredit Suisse adds to overweight position on insurers
9th Mar 2016 12:14
(ShareCast News) - Credit Suisse on Wednesday reiterated its upbeat stance on the insurance sector, adding to its 'overweight' position and recommended investors on "sustainable" yield plays. However, the broker pointed out how the sector was "very sensitive" to credit spreads - which were pricing i
Read moreStrong results at Travis Perkins marred by plumbing impairment
3rd Mar 2016 07:57
(ShareCast News) - A strong set of results from Wickes owner Travis Perkins were marred by difficult trading and impairments in its plumbing businesses in 2015, as the company released its final results on Thursday. The FTSE 100 builders' merchant saw revenue increase by 6.5% to £5.94bn during the c
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