London close: FTSE 100 ends lower after busy day of economic news
14th Aug 2015 16:14
(ShareCast News) - The FTSE 100 ended the week in negative territory as investors sifted through a batch of economic data and weighed developments in China and Greece. Early in Friday's session, a report showed UK construction output rose 2.6% year-on-year in June, missing analysts' estimates for a
Read moreFTSE 100 movers: Old Mutual, housebuilders rally, but miners under the cosh
6th Aug 2015 14:47
(ShareCast News) - London's FTSE 100 index was down 0.2% at 6,740 at 15:00 BST as investors took in 'Super Thursday', which saw the Bank of England deliver its interest-rate decision, minutes and Inflation Report all on the same day. Diversified South African financial group Old Mutual was the stand
Read moreLondon open: US Fed in a pinch with CPI set to drop
29th Jul 2015 10:20
(ShareCast News) - Stocks in London continued to bounce back ahead of Wednesday's policy decision from the US Federal Reserve, as some analyst warned of deflation risks. Even the Shanghai Stock Exchange's Composite Index finished higher overnight, rising by 3.44% to reach 3,789.19 points. Gains were
Read moreTaylor Wimpey posts rise in first-half profit; to return £300m to shareholders
29th Jul 2015 08:30
(ShareCast News) - Housebuilder Taylor Wimpey said it will return £300m in dividends to shareholders, as it posted a 33.4% rise in pre-tax profit following a strong selling season in spring and early summer. For the period ended 28 June, profit before tax and exceptional items came in at £238m from
Read moreFTSE 100 movers: Meggitt surges on merger mumbles, Carney chat hits housebuilders
14th Jul 2015 14:29
(ShareCast News) - London markets edged lower on Tuesday, as losses from housebuilders, engineers and financials eclipsed gains made by industrial metals. As of 14:00 BST, the FTSE 100 was trading 0.2% lower at 6,727. Shares in defence and aerospace engineer Meggitt rose following a report in the F
Read moreLondon midday: Homebuilders knocked lower by remarks from Carney
14th Jul 2015 13:09
(ShareCast News) - Bank of England Governor Mark Carney told the Treasury Select Committee Bank Rate may be headed higher a little bit sooner than markets anticipated, sending stocks - especially homebuilders - listed on the second tier index promptly lower. As of 12:13 the top flight index was off
Read moreLondon-listed housebuilders boosted by Osborne's planning reforms
10th Jul 2015 09:12
UK housebuilders got a boost on Friday on news that Chancellor George Osborne is set to unveil planning reforms that will speed up housebuilding. Osborne is expected to announce changes that will give automatic planning permission on all brownfield sites so it will be easier for people to build exte
Read moreHousing and property stocks hurt by Osborne's Budget buy-to-let and non-dom crackdowns
8th Jul 2015 15:57
London's housebuilders were hit by several measures unveiled by George Osborne in his Budget statement, with shares across the sector down in Wednesday afternoon trading. The Chancellor revealed measures to cut tax relief on mortgage interest for buy-to-let landlords, which was expected to take some
Read moreLondon midday: Stocks weaken ahead of Greek summit as crisis continues
7th Jul 2015 11:14
Oil and gas stocks dragged the UK equity market lower on Tuesday after the recent plunge in crude prices, as investors showed caution ahead of a key Eurozone summit on Greece. The FTSE 100 was down 0.13% at 6,526.92 by midday, with Rolls-Royce providing a further drag as the stock extended losses fo
Read moreBarclays reviews UK housebuilders; upgrades Bellway, downgrades Taylor Wimpey
6th Jul 2015 13:29
Barclays upgraded Bellway to 'overweight' from 'equalweight' and raised the target price to 2,799.9p from 2,096p, noting the growth ambitions of the UK's fourth largest housebuilder, as it took a look at the UK housebuilding sector. It downgraded Taylor Wimpey to 'equalweight' from 'overweight' but
Read moreUBS still sees "room to run" in UK housebuilding sector
2nd Jul 2015 10:54
In spite of a strong performance from UK housebuilding stocks year-to-date and over the past five years, UBS has retained a bullish stance on sector, saying there's "still room to run". The bank has hiked target prices for most stocks across the sector by around 20-25% on average. It reiterated its
Read moreLondon close: FTSE 100 drops to three-month low after Greek talks collapse
15th Jun 2015 16:28
UK stocks dropped over one per cent to a three-month low on Monday as concerns about a potential Greek exit from the Eurozone hammered market sentiment. The FTSE 100 fell 1.1% to 6,710.52, with heavyweights Easyjet and Standard Chartered among the worst performers by the end of trade. Just four stoc
Read moreCitigroup cuts Taylor Wimpey to 'sell' on valuation but says fundamentals are robust
10th Jun 2015 12:36
Citigroup downgraded Taylor Wimpey to 'sell' from 'neutral' on valuation grounds following a very strong run in the share price, as it raised the target price to 170p from 160p to reflect changes made to its valuation methodology. It noted that the share price is up 39% year-to-date and around 70% o
Read moreWednesday broker round-up
3rd Jun 2015 08:41
Tesco: JP Morgan retains underweight, lowers price target to 175p from 185p. Amec Foster Wheeler: JP Morgan maintains overweight and 905p target. Bellway: JP Morgan raises target to 2,575p from 1,150p and reiterates overweight. Barratt Developments: JP Morgan lifts target to 650p from 550p and ove
Read moreBroker tips: IAG, Weir, De La Rue, Taylor Wimpey, Insurers
27th May 2015 11:33
Credit Suisse has maintained its 'outperform' rating for airline conglomerate IAG after its proposed €1.4bn acquisition of Irish carrier Aer Lingus received the green light from the Irish government. The bank said that it continues to see the acquisition as "strategically positive" for IAG, whose st
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