Broker snap: Peel Hunt keeps negative view on Taylor Wimpey
4th Jul 2012 12:08
Peel Hunt has reiterated its 'sell' recommendation for Taylor Wimpey saying that while Wednesday's trading statement was broadly in line, the house builder appears more cautious than its peers. "While the statement points to improving metrics for H1 the tone of the statement is a little less upbeat
Read moreLondon pre-open: Small declines forecast for FTSE
4th Jul 2012 07:34
City sources predict the FTSE 100 will open down 12 points from yesterday's close of 5,688, with little guidance from the US following a half day of trading. Echoing statements made by sector peer Persimmon on Tuesday, house builder Taylor Wimpey said the first half of 2012 was a stable one for th
Read moreMargins on the up at Taylor Wimpey
4th Jul 2012 07:04
Echoing statements made by sector peer Persimmon on Tuesday, house builder Taylor Wimpey said the first half of 2012 was a stable one for the housing market, enabling the group to report improvements across all of its key financial metrics. The group achieved an average private net reservation rate
Read moreFriday broker round-up
22nd Jun 2012 10:37
Ashtead: UBS raises target from 320p to 340p, buy rating unchanged. Avon Rubber: Investec downgrades to hold, keeps 315p target. BAE Systems: Investec downgrades to hold, target cut from 360p to 290p Bovis Homes: Liberum Capital downgrades to hold. Cobham: Investec downgrades to sell, target cut
Read moreWednesday broker round-up - UPDATE
6th Jun 2012 07:57
Chemring: Jefferies reiterates buy rating and 512p target. Bovis Homes: Liberum Capital downgrades to hold, target cut from 525p to 465p. Halfords: Peel Hunt downgrades from hold to sell. Imperial Tobacco: UBS reiterates buy rating and 2,745p target. Logica: UBS downgrades from buy to neutral, t
Read moreFTSE 250 movers: Elementis rising high after trading update
26th Apr 2012 15:08
Chemicals group Elementis was the top performer after saying it is on track to hit full-year earnings forecasts with trading in the first three months of 2012 ahead of the same period last year. Howden Joinery shares also jumped after the company said its UK revenue was up 5.9% in the first 16 wee
Read moreLondon midday: Footsie flat as AstraZeneca provides a drag
26th Apr 2012 11:51
- Footsie flat after strong start - AstraZeneca drops after disappointing first-quarter results - Domestic economic data comes in mixed After a strong rise early on, the FTSE 100 had erased gains to trade broadly flat by lunchtime after a mixed reception to a barrage of company results and trading
Read moreLondon open: Footsie rises after barrage of results
26th Apr 2012 08:36
- Unilever, Shell, Whitbread, Barclays rise after results/updates - Astra, Croda, Admiral provide a drag - Fed expects growth to 'pick up gradually' The FTSE 100 was heading for its third consecutive rise on Thursday with some well-received results from Unilever, Royal Dutch Shell, Whitbread and Ba
Read moreTaylor Wimpey trading at upper end of expectations
26th Apr 2012 07:54
House builder Taylor Wimpey said the UK housing market conditions remain stable and it is trading at the upper end of company expectations. It added that while mortgage availability remains a constraint on the housing market, it has made a strong start to the year and remain confident of it tradi
Read moreCapital Shopping Deputy Chairman fills his basket
10th Apr 2012 15:54
John Whittaker, Deputy Chairman of Capital Shopping Centres, the FTSE 100 shopping centre operator, has taken 28,250 shares to the till. His purchases, 324.80p each, cost him a total of £124,236. Whittaker may have been making the most of the firm's share price, which is down 68p or 17.5% over th
Read moreWednesday broker round-up
14th Mar 2012 10:02
Antofagasta: Fox-Davies upgrades from sell to hold, target lifted from 1,121p to 1,197p. AZ Electronic Materials: Goldman Sachs upgrades from buy to conviction buy, target raised from 380p to 440p. Close Brothers: UBS raises target from 690p to 750p, neutral rating kept. Computacenter: UBS raises
Read moreLondon close: Stocks surge on improving global outlook
13th Mar 2012 16:48
- FTSE 100 at highest levels since last summer - Markets await FOMC, words from Bernanke - Draghi sees signs of 'stabilisation' The Footsie finished at an eight-month high on Tuesday, up a whole percentage point on the day, as financial stocks made gains on the back of an improving global economic
Read moreFTSE 250 movers: Inchcape jumps despite falling sales
13th Mar 2012 14:34
Car retailer and distributor Inchcape saw sales in 2011 hit by weak markets in the UK and Greece, but managed to raise its operating margin through tight cost control. Nomura said that the results were broadly in line with expectations. Shares jumped nine per cent. Meanwhile, house builders were pe
Read moreBroker tips: Standard Life, Inchcape, House builders
13th Mar 2012 12:16
While Panmure Gordon says that Standard Life's full-year results were good and ahead of expectations, the broker had downgraded its rating on the insurance giant from buy to hold. "We turned buyers of Standard Life following better than anticipated interim results in August and on the basis that th
Read moreLondon midday: Stocks extends gains after ZEW survey
13th Mar 2012 11:46
- German ZEW reaches highest level in over a year - Spain to accept Eurogroup's fiscal consolidation request - Miners, banks lead the rise on the Footsie Stocks were extending gains by lunchtime after a German confidence survey smashed expectations. Meanwhile, US stock futures are pointing to a pos
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