London pre-open: Stocks seen lower as investors digest Fed and BoJ
28th Apr 2016 07:26
(ShareCast News) - London stocks were expected to open a little lower on Thursday as investors digested the latest policy announcements from the Federal Reserve and Bank of Japan. The FTSE 100 was seen starting 20 points lower than Wednesday's close at 6,300. The Fed chose to stand pat on interest
Read moreTaylor Wimpey says UK trading strong; no impact from 'Brexit' fears
28th Apr 2016 07:04
(ShareCast News) - The prospect of a British exit from the EU had not affected trading at house builder Taylor Wimpey in the first four months of the year, the company said on Thursday, adding that underlying demand was "solid" across all the countries it operated in. "Due to our customer base and s
Read moreSector movers: Banks and homebuilders lead gains
26th 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
Read moreFriday broker round-up
22nd Apr 2016 15:08
(ShareCast News) - Acacia Mining: Jefferies reiterates buy with a 390p target and Citigroup stays at neutral with a target price of 340p. ITV: UBS stays at sell with a 230p target. Easyjet: Credit Suisse keeps at outperform with a target price of 2137p. Lloyds: Deutsche Bank keeps at buy with a t
Read moreLiberum 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 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 moreFTSE 100 movers: SABMiller higher, while Brexit risk drags housebuilders
15th Apr 2016 15:23
(ShareCast News) - The FTSE 100 was in the red on Friday afternoon, as investors reacted to slower growth in China, with lower oil prices and Brexit concerns also affecting the markets. SABMiller was among the leaders, after fellow brewing conglomerate Anheuser-Busch InBev agreed to create a ZAR 1bn
Read moreDirector dealing: Icap's new CFO dips in
30th Mar 2016 14:27
(ShareCast News) - The day after Icap gained final approval to sell its voice broking arm, finance director Stuart Bridges showed his confidence in the deal with a £118,425 purchase of shares. Bridges, who joined the interdealer broker from the same role at specialist insurer Hiscox in September
Read moreBroker tips: OneSavings Bank, UK housebuilders, InterContinental Hotels
17th Mar 2016 13:40
(ShareCast News) - OneSavings Bank's shares surged on Thursday as Investec reiterated its 'buy' rating and target price of 380p after the company reported a jump in full year profits. The company reported underlying profit before tax was up 52% to £105.9m in 2015, and loans and advances grew 31% to
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 moreSector movers: Financials, oil pace advance
16th Mar 2016 21:18
(ShareCast News) - The 2016 Budget left analysts divided about whether the Chancellor would be able to meet his targets for reducing the public deficit in this parliament, but for diversified financials St.James's Place and Hargreaves Lansdown the new measures he unveiled were a clear positive, acco
Read moreFTSE 100 movers: Budget takes wealth managers, house builders higher
16th Mar 2016 14:54
(ShareCast News) - The FTSE 100 was higher in afternoon trading on Wednesday, as investors digested the Chancellor's lunchtime Budget statement. Wealth manager St James's Place led the risers, after Chancellor of the Exchequer George Osborne set out measures in the Budget to boost home ownership and
Read moreLondon close: FTSE closes lower as traders sift through data
3rd Mar 2016 16:07
(ShareCast News) - The FTSE 100 closed in the red on Thursday following a batch of downbeat economic data. UK services activity declined much more than expected in February as economic growth slowed to its weakest for almost three years, according to Markit/CIPS data. The Markit/CIPS services purch
Read moreFTSE 100 movers: Housebuilders subside on weak construction report
2nd Mar 2016 14:45
(ShareCast News) - The FTSE 100 was back in the red on Wednesday afternoon, led by ITV and a fall from the larger housebuilding companies. ITV was one of the biggest losers of the day, even as the commercial broadcaster reported a surge in underlying pre-tax profits, which were up 18% to £843m. Whi
Read more