FTSE 250 movers: Taylor Wimpey bills gains
3rd Aug 2010 15:54
Housebuilder Taylor Wimpey crept back into profit in the first half of 2010, but is concerned over the possible impact of government spending cuts going forward. The market has focused on the positives though, and the shares are up by more than 8%. Engineering group Meggitt said order intake for it
Read moreLondon afternoon: Fire sale at BP continues
3rd Aug 2010 14:14
After yesterday's dramatic rise London is taking a pause for breath today and either digesting the steady stream of big company results already out this week or preparing for results from the giants of the insurance and banking sectors later this week. Insurance colossus Aviva , scheduled to releas
Read moreBroker tips: Hammerson, French Connection, Taylor Wimpey
3rd Aug 2010 12:43
Panmure Gordon has its target price for Hammerson under review after the property company reported an encouraging set of results. "We believe the business is in good shape for the future with a resilient balance sheet and an attractive collection of assets. That said, we continue to feel that the c
Read moreLondon midday: Rally stalls
3rd Aug 2010 12:09
A mid-morning rally petered out just before noon leaving the FTSE 100 index still in negative territory, though not by much. Specialist banking group Investec is the heaviest faller in the FTSE 100. It has raised £104.5m through a placing of 22m shares at 475p each. The placing increases the share
Read moreBroker snap: Refinancing still a worry at Taylor Wimpey
3rd Aug 2010 12:08
A set of results from a housebuilder is usually a prompt for KBC Peel Hunt's analyst on the sector to issue a bearish note, and the interim figures from Taylor Woodrow on Tuesday lured the bear from his lair once again. Robin Hardy of KBC Peel Hunt acknowledged that profit before tax beat market
Read moreLondon close: Footsie fights back
3rd Aug 2010 09:28
Footsie fought hard to finish in the blue after easing back following yesterday's surge, and was just a whisker short of positive territory at trading's close. An improvement on Wall Street after a shaky start breathed life into London's leading share index. Insurance colossus Aviva , scheduled to
Read moreLondon open: Profit taking clips Footsie
3rd Aug 2010 08:49
London's top stocks have run into some profit taking after yesterday's big gains both here and on Wall Street. Banks are mixed after confusing figures from state-owned Northern Rock. Now split into its "good half" and "bad half", the "bad half" bounced back into profit while the supposedly "good"
Read moreTaylor Wimpey back in profit
3rd Aug 2010 07:37
Housebuilder Taylor Wimpey crept back into profit in the first half of 2010, but is concerned over the possible impact of government spending cuts going forward. The Anglo-US group posted a pre-tax profit of £19.6m in the six months to June against a loss of £673m last time. Underlying profits rose
Read moreFTSE 250 movers: Xchanging warning spooks market
2nd Aug 2010 15:20
Business process outsourcing specialist Xchanging falls sharply after it warned that revenue growth for the full year will be slightly lower than previously anticipated. Shares in Tullett Prebon are higher. The raid on staff by rival BGC in the second half of last year cost the inter-dealer broker
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jul 2010 10:38
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0938 GMT [Dow Jones] Royal Bank of Scotland downgrades Barratt Developments (BDEV.LN) to hold from buy and cuts target price
Read moreMARKET TALK: RBS Reviews UK Housebuilders
28th Jul 2010 10:38
0938 GMT [Dow Jones] Royal Bank of Scotland downgrades Barratt Developments (BDEV.LN) to hold from buy and cuts target price to 110p from 162p. Says while higher land investment intensity will be validated if trading stability holds, it adds an extra layer of volatility in the event of macro weaknes
Read moreMARKET TALK: Morgan Stanley Cuts Berkeley Group Price Target
23rd Jul 2010 10:58
0958 GMT [Dow Jones] Morgan Stanley cuts Berkeley Group (BKG.LN) target to 990p from 1000p. Says with prospects of a double-dip in the UK housing market looking unlikely, better value can be found elsewhere in the sector. Prefers Taylor Wimpey (TW.LN) and Barratt Developments (BDEV.LN), both rated
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jul 2010 10:58
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0958 GMT [Dow Jones] Morgan Stanley cuts Berkeley Group (BKG.LN) target to 990p from 1000p. Says with prospects of a double-
Read moreMARKET TALK: Panmure Buys UK House Builders On Valuation
13th Jul 2010 09:37
0837 GMT [Dow Jones] Panmure Gordon reviews UK house builders. Says after a period in which the share prices of UK house builders "have been significantly hit, we are turning buyers of all stocks in the sector on valuation grounds." The brokerage upgrades Redrow (RDW.LN) to buy from hold but cuts ta
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
13th Jul 2010 09:37
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0837 GMT [Dow Jones] Panmure Gordon reviews UK house builders. Says after a period in which the share prices of UK house buil
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