Sector movers: Housing and property stocks drop on fears of impending rate hike
13th Jun 2014 14:12
The prospect of a sooner-than-expected rate rise in the UK pushed property stocks and housebuilders lower on Friday, as investors reacted to comments made by policymakers during the Mansion House speeches. Bank of England (BoE) Governor Mark Carney warned on Thursday that the first hike in interest
Read moreLondon midday: FTSE near six-week low as rate-hike speculation sinks housebuilders
13th Jun 2014 11:35
- Housing stocks fall sharply - Carney signals impending rate hike - Osborne acts to cool housing market - Oil stocks track crude higher on Iraq tensions techMARK 2,806.77 -1.40% FTSE 100 6,771.65 -1.04% FTSE 250 15,802.08 -2.01% The increased possibility of a rate hike before the end of the year
Read moreSector movers: Housebuilders rise on reports of UK brownfield incentives
9th Jun 2014 14:58
Housing stocks were on the rise on Monday amid speculation that the government could soon announce measures to incentivise building on brownfield sites across the UK. According to reports, Chancellor George Osborne could use his Mansion House speech on Thursday to encourage builders to construct ne
Read moreHousing plans in Queen's speech positive for UK-listed builders, says Deutsche Bank
6th Jun 2014 11:13
Deutsche Bank has said that announcements made in this week's Queen's Speech regarding the government's focus on housing supply spells good news for UK-listed housebuilders. The bank said highlights of Thursday's speech included the continued promotion of the Help to Buy scheme, reform of the plann
Read moreLondon midday: Tesco shares slip as UK stocks fall ahead of ECB
4th Jun 2014 11:37
- Markets await ECB meeting, US jobs data - UK services PMI ahead of expectations - US ADP report in focus later on, US futures fall - Tesco LFL sales worsen amid price cuts techMARK 2,816.15 +0.07% FTSE 100 6,820.85 -0.23% FTSE 250 15,978.73 +0.04% Nervousness ahead of the European Central Bank (
Read moreLondon open: UK markets flat ahead of 'risk events', Tesco in focus
4th Jun 2014 08:39
- Markets await ECB meeting, US jobs - UK services PMI, ADP data in focus today - Tesco LFL sales worsen but beat forecasts techMARK 2,816.36 +0.08% FTSE 100 6,839.73 +0.05% FTSE 250 15,990.30 +0.12% UK stocks were struggling for direction on Wednesday morning as investors continued to show cautio
Read moreFTSE 250 movers: Man climbs after confirming M&A talks
29th May 2014 14:59
Man Group leapt after it confirmed it is in talks to buy US money manager Numeric Holdings. The world's largest publicly traded hedge-fund manager said the discussions are "ongoing and may or may not lead to a transaction". Numeric, which uses quantitative analysis to make investments, manages $13.9
Read moreSunday newspaper round-up: AstraZeneca, Carney and housing, M&S
18th May 2014 10:57
Pfizer is weighing up a last-minute improvement to its indicative offer for AstraZeneca, the Sunday Times said. Pfizer is expected to increase the cash portion of its offer and could also increase the price per share before the May 26th deadline to secure a deal. It is also in talks with the Governm
Read moreLondon close: Footsie reaches 14-year high despite investor caution
13th May 2014 16:59
- FTSE 100 near record highs - Housing stocks lifted by Taylor Wimpey comments - easyJet, TUI Travel and LSE fall - Global investors underweight UK equities for a second month techMARK 2,804.22 +0.35% FTSE 100 6,873.08 +0.31% FTSE 250 16,038.89 +0.36% UK stocks managed a slightly stronger close on
Read moreSector movers: Confident Taylor Wimpey lifts housebuilders higher
13th May 2014 14:41
Bullish comments from Taylor Wimpey gave housebuilders a big boost on Tuesday as the UK housing market continues to go from strength to strength. The group set out a "new and enhanced" set of ambitious financial targets over the medium-term, aiming for higher margins and returns. It also confirme
Read moreFTSE 250 movers: Taylor Wimpey jumps on targets, cash return plans
13th May 2014 14:04
Today's gains were led by Taylor Wimpey as the housebuilder set out ambitious medium-term targets and confirmed a generous new cash return policy. "The UK housing market continues to perform strongly with sales rates and pricing at the upper end of our expectations," the group said at an analyst a
Read moreBroker tips: easyJet, Babcock, Melrose, Taylor Wimpey
13th May 2014 12:35
Shares in easyJet were flying firmly lower on Tuesday morning after the airline underwhelmed with a seemingly in-line first-half report. Panmure Gordon maintained a 'hold' rating and 1,800p target price for the stock. "Whilst we remain hugely optimistic about the long-term prospects of this busines
Read moreJefferies says Taylor Wimpey is 'more dolphin than goldfish'
13th May 2014 11:48
Jefferies reiterated its 'buy' recommendation on Taylor Wimpey as the housebuilder set out ambitious medium-term targets and confirmed a generous new cash return policy. In a similar strategy day event in 2011, the group changed its strategy from one of volume to value. "Some critics thought that
Read moreLondon midday: FTSE 100 trims gains but housing stocks rise
13th May 2014 11:23
- FTSE 100 hits 14-year intraday high - Housing stocks lifted by Taylor Wimpey comments - easyJet, TUI Travel and LSE fall techMARK 2,802.35 +0.28% FTSE 100 6,859.54 +0.11% FTSE 250 16,029.39 +0.30% UK markets had trimmed gains by Tuesday lunchtime after having hit their highest intraday levels in
Read moreTaylor Wimpey bullish with 'new and enhanced' financial targets
13th May 2014 10:36
Housebuilder Taylor Wimpey gave a bullish outlook on Tuesday with a 'new and enhanced set of financial targets' as the housing market goes from strength to strength. The company, which said it was confident enough to set what it admitted were "challenging" medium-term targets, also confirmed that i
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