Housing market resilient, says Taylor Wimpey
21st Apr 2011 11:07
The UK housing market remains resilient, housebuilder Taylor Wimpey said as it reported that trading is in line with expectations. Taylor Wimpey said it expects the UK market to remain relatively flat for the rest of the year, echoing comments made earlier in the day by fellow housebuilder Persimm
Read moreThursday preview: Autonomy, Persimmon, Taylor Wimpey
20th Apr 2011 18:26
In a nod towards its US-centric focus, data search software firm Autonomy will announce its first quarter results at 1:00pm, UK time, on Thursday, and although the first three months of the year do not typically set the tone for the company's year, Singer Capital Markets thinks the announcement will
Read moreLondon close: Miners push Footsie higher
23rd Mar 2011 17:19
Footsie ended the day close to its high point though that was largely due to the strength of mining stocks rather than a rapturous reception to the UK Budget. What did get a rapturous reception, at least for a while, was the news that the voting by the Monetary Policy Committee in March on interest
Read moreLondon afternoon: Housebuilders get Budget boost
23rd Mar 2011 15:00
It would appear that the UK Budget was far from a blockbuster as the market has reacted phlegmatically to the Chancellor's big day. The headline grabbing move was the commitment to effectively abolish National Insurance and push up income tax to compensate, but this will not take effect for some t
Read moreLondon close: Shares soar on Libya deal hopes
3rd Mar 2011 16:39
Reports that the Libyan situation might be resolved through mediation rather than violence sent UK shares sharply higher. The Arab League is said to be considering a proposal to end the fighting in Libya sending oil prices higher. Heavy oil users such as airline International Consolidated Airlines
Read moreFTSE 250 movers: PartyGaming surges as sales rise
3rd Mar 2011 15:28
Online gambling firm PartyGaming is the best performer on the FTSE 250 after 2010 revenues rose by 15%, after casino games, bingo and sports betting offset weakness from the company's poker operations. Cobham was also higher despite statutory pre-tax profits for 2010 falling to £189m, from £245m, h
Read moreLondon afternoon: Footsie cruises towards 6,000
3rd Mar 2011 14:13
Footsie has 6,000 within its sights once more as stocks bounce back strongly on hopes that the Libyan situation might be resolved. Reports that the Arab League is considering a proposal to end the fighting in Libya have boosted sentiment, and has sent the price of oil into reverse. Heavy oil users
Read moreLondon midday: FTSE 100 approaches 6,000
3rd Mar 2011 12:03
A combination of pleasing company updates and optimism that the Libyan situation will be resolved has sent shares sharply higher. Reports that the Arab League is considering a proposal to end the fighting in Libya have boosted sentiment, but talk that Venezuelan President Hugo Chavez is also to try
Read moreLondon open: Strong start as updates impress
3rd Mar 2011 08:40
Shares are broadly higher after a good reception for most updates, while BSkyB moves ahead after the government gave News Corporation's acquisition of the satellite broadcaster the green light. The government has agreed to let Rupert Murdoch's NewsCorp, the publisher of the Times and Sun, buy satel
Read moreTaylor Wimpey back in profit
3rd Mar 2011 08:26
Housebuilder Taylor Wimpey returned to profit in 2010 and has made a positive start to the current year with prices up in some places. The firm made a profit before tax and one-off items of £75.1m compared with a £96.1m loss in 2009 on revenue up a fraction at £2.6bn despite total completions falli
Read moreThursday preview: Aviva, Balfour Beatty, Taylor Wimpey ...
2nd Mar 2011 17:18
Insurance giant Aviva is set to issue full year results on Thursday, and JP Morgan Cazenove thinks the figures are more likely to delight than disappoint. The blue-blooded broker is predicting operating earnings will have risen by almost a quarter in 2010 and forecasts a 12% year on year increase i
Read moreEx-rate setter Kate Barker joins Taylor Wimpey
3rd Feb 2011 08:13
Housebuilder Taylor Wimpey has employed the services of former Bank of England policymaker Kate Barker as an independent non executive director. Barker, who left the central bank's Monetary Policy Committee (MPC) last year after a nine-year stint, will take up her new role on 21 April. She has als
Read moreFTSE 250 movers: Taylor Wimpey at 8-month high
18th Jan 2011 15:42
Taylor Wimpey has hit an eight-month high after the housebuilder today confirmed it is in the early stages of evaluating a number of approaches for its North American business. "We will update the market as appropriate in due course and there is no guarantee that any transaction will be concluded,
Read moreTaylor Wimpey's US arm attracts bid interest
18th Jan 2011 07:14
Taylor Wimpey has hit an eight-month high after the housebuilder today confirmed it is in the early stages of evaluating a number of approaches for its North American business. "We will update the market as appropriate in due course and there is no guarantee that any transaction will be concluded,"
Read moreFTSE 250 movers: Salamander higher after drilling update
17th Jan 2011 15:45
Salamander Energy is higher after announcing that it has started drilling on its Dao Ruang-2 appraisal well in block L15/50 in north east Thailand. Car dealer Inchcape is among the risers after broker Panmure Gordon retained its 'buy' rating on the stock and increased earnings forecasts. "We belie
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