Taylor Wimpey reports strong increase in selling prices in H1
7th Jul 2014 07:39
UK-focused residential developer Taylor Wimpey said it saw a reduction in "market risk" in the first half as the housing market continued to strengthen. Sales rates and pricing were at the upper end of forecasts during the first six months of the year, showing the benefit of the traditionally stron
Read moreFTSE 250 movers: Housebuilders continue higher after UBS comments
27th Jun 2014 15:51
UBS helped housebuilders higher after it said that the positive fundamentals of the sector remain unchanged despite measures by the Bank of England announced yesterday to cool the housing market. It said that while a "policy over-reaction" is undoubtedly the biggest risk to the sector, this risk has
Read moreBroker tips: Energy stocks, Housebuilders, Meggitt
27th Jun 2014 12:23
Investec has said it was not surprised by Ofgem's move to refer the UK energy market for a full competition investigation, saying it should be a positive for the industry. "We believe this is an opportunity to restore investor trust in an important part of the GB energy market, which has recently b
Read moreUBS remains positive on housebuilders, downplays "mild" cooling measures
27th Jun 2014 12:04
UBS has said that the positive fundamentals of the UK housebuilding sector remain unchanged despite recent concerns about how policy changes may affect companies in the industry. The Financial Policy Committee (FPC) on Thursday recommended a cap on loan-to-income (LTI) ratios, suggesting that lende
Read moreFTSE 250 movers: Housebuilders jump following new BoE measures
26th Jun 2014 15:16
Housebuilders and related stocks including Redrow, Countrywide, Taylor Wimpey and Galliford Try leapt as investors reacted postively to the new Bank of England measures to cool the housing market. Alastair Stewart from Westhouse Securities said that the measures were "less draconian than many observ
Read moreHousing stocks gain as BoE unveils 'modest' measures to cool market
26th Jun 2014 13:31
The Bank of England (BoE) announced a series of measures on Thursday to cool the housing market, which it claims is the biggest risk to the economic recovery. However, housing stocks rose strongly in London as investors breathed a sigh of relief in reaction to the proposals which "look - at least a
Read moreLondon midday: Markets erase gains as Barclays and StanChart slump
26th Jun 2014 12:12
- LSE jumps after $2.7bn purchase of Frank Russell - Housebuilders jump as Carney announces "soft" measures to cool housing - Barclays facing allegations of fraud - StanChart reports "disappointing first half" techMARK 2,800.86 +0.42% FTSE 100 6,733.63 0.00% FTSE 250 15,595.09 +0.91% UK markets we
Read moreLondon midday: Stocks fall on Iraq conflict, but Kentz rockets
23rd Jun 2014 12:00
- Iraq tensions push stocks lower as oil rises - Kentz rockets on SNC-Lavalin bid - Mining stocks higher on China data techMARK 2,841.51 -0.68% FTSE 100 6,807.57 -0.26% FTSE 250 15,698.73 -0.59% UK stocks pared losses on Monday morning but were still trading firmly in the red by midday as ongoing
Read moreLondon open: Iraq conflict dampens stocks, but miners gain
23rd Jun 2014 08:31
- Iraq conflict intensifies as rebels take more ground - Mining stocks gain on China data - Shire pulls back after Friday's jump - ASOS warehouse fire dents shares techMARK 2,846.92 -0.49% FTSE 100 6,795.76 -0.43% FTSE 250 15,731.14 -0.38% UK stocks fell on Monday morning as upbeat economic data f
Read moreSector movers: Rolls-Royce cash return lifts aero/defence stocks
19th Jun 2014 14:55
Aerospace and defence stocks were leading the risers on Thursday after engineering giant Rolls-Royce impressed investors with an unexpected £1bn cash return. Shares in Rolls jumped over 7% today after the firm pledged to buy back £1bn of shares if it succeeds in selling its energy gas turbine and c
Read moreLondon midday: Fed's low-rate promise gives UK stocks a boost
19th Jun 2014 11:37
- Interest rates to stay low for long time, says Yellen - Fed tapers QE by a further $10bn - UK retail sales fall 0.5% in May - Rolls-Royce unveils £1bn buyback techMARK 2,826.40 +0.77% FTSE 100 6,832.94 +0.80% FTSE 250 15,794.83 +1.09% Strong gains from Rolls-Royce, SuperGroup and housing stocks
Read moreLondon open: UK stocks jump post-Fed, Rolls-Royce gains
19th Jun 2014 08:30
- Fed tapers by $10bn a month - Yellen says rates to stay low - UK retail sales, US jobless claims on tap - Rolls-Royce unveils £1bn buyback techMARK 2,823.77 +0.67% FTSE 100 6,827.27 +0.72% FTSE 250 15,752.09 +0.82% UK stocks rose strongly on Thursday, helped by some decent gains from Rolls-Royce
Read moreMerrill Lynch calls UK housebuilder sell-off 'overdone'
18th Jun 2014 16:19
Bank of America Merrill Lynch believes the sell-off in UK house-builders has been "overdone" and that there is a "pent-up rally" lurking, citing several historical examples to suggest the sector setback is only temporary. Merrill analysts insisted that rising interest rates, or just the fear of the
Read moreJP Morgan says potential UK rate rise unlikely to hit housebuilders
17th Jun 2014 10:32
British housebuilders are unlikely to take a major hit from a rise in interest rates, US broker JP Morgan Cazenove said on Tuesday. The industry's shares fell 5% on Friday after Bank of England Governor Mark Carney said an interest rate hike - which would be the first change in borrowing costs sinc
Read moreFTSE 250 movers: Petra Diamonds sparkles after latest discovery
13th Jun 2014 14:30
Miner Petra Diamonds has recovered an "exceptional" 122.52-carat blue diamond at its Cullinan mine in South Africa. "The rarity of a blue diamond of this magnitude sets it apart as a truly significant find," the company said in a statement. RBC Capital upped its target price from 180p to 200p, ret
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