London pre-open: Footsie to start higher
28th Jun 2010 07:38
City traders won't want a repeat of last week when the FTSE 100 lost over 200 points, and the omens are good as the leading index reacts to movements on Wall Street Friday. London is seen up around 19 points early Monday as the Dow Jones closed ahead of where it was when the City packed up at the e
Read moreTaylor Wimpey Cautious Of Future Spending Reviews
28th Jun 2010 07:23
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. house builder Taylor Wimpey PLC (TW.LN) on Monday said it will increase sales and is confident house prices will continue to rise but cautioned that future spending reviews and a shortage of land for sale could hurt business.
Read moreTaylor Wimpey wary over recovery
28th Jun 2010 07:14
Housebuilder Taylor Wimpey reports stable conditions in both UK and US housing over the past six months but is still wary over prospects in both markets. "In the short term, however, with ongoing political and economic uncertainty, we continue to run the business on a cautious basis, with selective
Read moreRightmove founder sells 1%
21st Jun 2010 16:30
Rightmove managing director Ed Williams has sold nearly 1% of the estate agency for just short of £8m. Williams was the founder of the rightmove.co.uk website that formed the basis of the group. He has sold nearly 1.14m shares at 699.9325p each. That leaves Williams with 1.1% of Rightmove. The imm
Read moreMARKET TALK: Budget Critical To Fortunes Of House Builders
18th Jun 2010 14:04
1304 GMT [Dow Jones] The emergency UK budget on Tuesday will be critical to the fortunes of the UK housing market says Royal Bank of Scotland. Says the sector will be mindful of spending cuts versus tax revenue-raising initiatives. However, thinks the impact of this budget could be limited as the ne
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
11th Jun 2010 10:41
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] 0941 GMT [Dow Jones] UK housebuilders offer good value and their shares should perform better once the government's budget is
Read moreMARKET TALK: UK Housebuilders Should Improve After The Budget
11th Jun 2010 10:41
0941 GMT [Dow Jones] UK housebuilders offer good value and their shares should perform better once the government's budget is out of the way, says Liberum Capital. Adds that sector underperformance has been driven by risk aversion. Says the budget on June 22 is almost certain to include an increase
Read moreWellstream boss cuts stake
10th Jun 2010 16:49
Gordon Chapman, chief executive of oil services firm Wellstream, has raised £753,000 from the sale of a total of 150,000 shares. The shares were sold at 518p, 496p and 500p - the majority were sold at the latter price. This is well above the April 2007 flotation price of 320p a share but well belo
Read moreFTSE 250 movers: Taylor Wimpey well-liked
24th May 2010 13:26
Housebuilder Taylor Wimpey is among the best-performing mid-caps after JP Morgan repeated "overweight" advice and talked of "deep value". The broker believes the company will benefit from the recovery in the property market both here and in the US. With oil trading well near $70 a barrel, Premier
Read moreLondon close: Footsie dives as Europe worries grow
14th May 2010 16:51
Footsie slumped in line with markets in Europe and globally on concerns that measures to tackle the European debt crisis could spark widespread civil unrest and send the eurozone into a prolonged recession. Consumer spending is likely to come under pressure as European governments - including the U
Read moreLondon afternoon: New recession fears hammer markets
14th May 2010 15:50
Shares across Europe have have tanked on concerns that measures to tackle the European debt crisis could spark widespread civil unrest and send the eurozone into a prolonged recession. Consumer spending is likely to come under pressure as European governments - including the UK's - seek to address
Read moreLondon midday: Footsie under pressure amid debt worries
14th May 2010 10:40
Shares are firmly in the red amid concerns that the European debt crisis has not been staved off and could hit company earnings. Consumer spending is likely to come under pressure as European governments - including the UK's - seek to address their difficult debt positions following the economic cr
Read moreLondon open: Poor start for Footsie
14th May 2010 08:44
London's top stocks have turned down after the late gains yesterday with banks again under pressure on concerns over the plans of the new government to curb their activities. Reports that the EU is to push through controversial new hedge fund regulations next week have also cast a cloud over the fi
Read moreLondon pre-open: Footsie set for retreat
14th May 2010 07:33
London's top stocks are expected to retreat after gains in the previous session, with traders forecasting a 20 point drop for Footsie. Building supplies group Wolseley more than doubled trading profit during the third quarter and predicts full-year profit will beat forecasts of £374m. Operating pro
Read moreTaylor Wimpey makes Kevin Beeston new chairman
14th May 2010 07:01
Housebuilder Taylor Wimpey has appointed Kevin Beeston as non-executive chairman to succeed Norman Askew. Beeston, who recently left service company Serco after 25 years with the company and 8 years as its chairman, will take on the role with effect from 1 July. Askew, also chairman of engineer IM
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