FTSE 100 movers: AstraZeneca rival's failure helps boost market
16th Nov 2015 15:12
(ShareCast News) - The FTSE 100 remained resilient after Friday night's terrorist attacks in Paris, with the market up 3.02 points (0.05%) to 6,121.30 points mid-afternoon Monday. AstraZeneca was the market's biggest riser after news that the US Food and Drug Administration has asked for additional
Read moreMonday broker round-up
16th Nov 2015 08:56
(ShareCast News) - Halfords Group: Berenberg Bank upgrades to hold, reduces target price to 375.00p. Restaurant Group: Nomura upgrades to neutral, cuts target price to 635.00p. Poundland Group: Peel Hunt Limited initiates new coverage with a buy, sets target price at 400.00p. Diploma: Peel Hunt Li
Read moreLondon open: Stocks move higher despite Paris attacks
16th Nov 2015 08:10
(ShareCast News) - 'Meme pas peur', 'not a bit afraid', has been the initial reaction of investors to this weekend's terrorist attacks in Paris. Contrary to pre-market indications, the FTSE 100 quickly moved into the black on Monday morning and as of 0914 GMT, was 0.56% higher at 6,151.07. Meanwhile
Read moreTaylor Wimpey sees rise in 2015 operating profit margin as order book strengthens
16th Nov 2015 07:09
(ShareCast News) - Housebuilder Taylor Wimpey said it expected to report a 2% rise in 2015 operating profit margin and a return on net operating assets of more than 25%. In a trading statement for the year to date, the company said it had seen an "excellent summer selling season strengthen further i
Read moreFTSE 100 movers: Miners lead market on back of Chinese data
4th Nov 2015 14:11
(ShareCast News) - The FTSE 100 had a strong start to the day on Wednesday, up 48.94 points (0.77%) to 6,432.55 by mid-afternoon. Glencore was the biggest riser of the day after it reported "significant progress" on plans to cut net debt to the low $20bns by the end of 2016 and increased output from
Read moreFTSE 100 movers: Standard Chartered results drive market down
3rd Nov 2015 13:22
(ShareCast News) - The FTSE 100 had a rollercoaster start to the day on Tuesday, but was down 12.29 points (0.19%) by mid-afternoon to 6,349.51. The biggest faller was Standard Chartered after it posted a disappointing set of third quarter results. The bank said they were hit by challenging market c
Read moreBroker tips: Meggitt, Tullett Prebon, Housebuilders
3rd Nov 2015 12:59
(ShareCast News) - Aerospace and defence engineer Meggitt rallied after Barclays reiterated its 'overweight' rating on the shares, saying the stock was "too cheap to ignore". Meggitt's shares plunged last week after warning that full-year profits will miss its £369m forecast, due to fewer contracts
Read moreHousebuilders slump as Liberum highlights margin concerns
3rd Nov 2015 11:12
(ShareCast News) - Housebuilders were under pressure after Liberum downgraded its stance on Barratt Developments, Persimmon and Taylor Wimpey to 'sell' from 'hold'. "We believe the largest housebuilders' valuations are too optimistic to withstand the gross margin pressure that we expect in the comin
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 moreFTSE 100 movers: Hargreaves Lansdown rallies; housebuilders slump
14th Oct 2015 14:09
(ShareCast News) - London's FTSE 100 index was down 0.7% to 6,296.01 as worries about a slowdown in the world's second-largest economy continued to undermine sentiment, following the release of disappointing Chinese inflation figures. Shares in luxury fashion retailer Burberry declined for the secon
Read moreFTSE 100 movers: SAB surges on AB InBev agreement; Royal Mail slumps
13th Oct 2015 13:59
(ShareCast News) - London's FTSE 100 was down 1.1% by mid afternoon at 6,304.21 as uninspiring Chinese trade figures and UK inflation data weighed on investors' minds. London-listed brewer SABMiller surged after it agreed in principle to a possible £44 per share takeover offer from Belgium-based Anh
Read moreLondon midday: Equities fall as UK slips into deflation
13th Oct 2015 11:28
(ShareCast News) - The UK equities market was under the cosh as the nation unexpectedly slipped into deflation in September. The Office for National Statistics revealed the consumer price index fell 0.1% year-on-year last month, compared to analysts' estimates for a flat reading in line with August.
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 moreBroker tips: Barratt Developments, Royal Dutch Shell, Wood Group
24th Aug 2015 15:17
(ShareCast News) - RBC Capital Markets downgraded Barratt Developments and Taylor Wimpey as it tempered its view on housebuilders ahead of a potential interest rate rise. The Canadian broker maintained that the structural demand drivers and land-buying trends are positive, and that the sector has be
Read moreRBC cuts Barratt, Taylor Wimpey as it tempers view ahead of rate rise
24th Aug 2015 10:11
(ShareCast News) - RBC Capital Markets downgraded Barratt Developments and Taylor Wimpey as it tempered its view on housebuilders ahead of a potential interest rate rise. The Canadian broker maintained that the structural demand drivers and land-buying trends are positive, and that the sector has be
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