London close: Stocks fall as US inflation tops forecasts
14th Mar 2024 16:33
(Sharecast News) - London's equity markets finished in negative territory on Thursday, driven by a flurry of stocks going ex-dividend and investor reactions to the latest US producer inflation and jobless data.
Read moreLondon close: Stocks slip as US GDP growth decelerates
28th Feb 2024 15:01
(Sharecast News) - London's equity markets experienced a downturn by the close on Wednesday, largely influenced by underperforming stocks such as St James's Place and Reckitt Benckiser, following disappointing financial results.
Read moreTaylor Wimpey sees fewer builds in 2024 as profits slump
28th Feb 2024 07:17
(Sharecast News) - UK housebuilder Taylor Wimpey said current trading was showing "some encouraging signs of improvement" but would still build fewer homes this year as 2023 profits almost halved on higher mortgage rates and weaker demand.
Read moreLondon close: Stocks fall as investors look to US data
26th Feb 2024 15:11
(Sharecast News) - London markets closed in negative territory on Monday, as investors remained cautious ahead of the release of crucial US economic data later in the week.
Read moreUK housebuilders face CMA probe over info sharing, home quality
26th Feb 2024 07:52
(Sharecast News) - Britain's competition watchdog has started an investigation into eight housebuilders over evidence they may have been sharing information which could be harming competition in the sector and influencing prices.
Read moreSunday newspaper round-up: Currys, Barclays, Homebuilders
18th Feb 2024 23:26
(Sharecast News) - China's JD.com has been looking at a possible acquisition offer for Currys. Just the day before the electricals retailer had rebuffed an approach by private equity. Exploratory talks between Currys and JD had been held over the preceding weeks. Additional bidders may appear. It was understood that Currys had been contacted by multiple private equity firms on an informal basis over recent months after it was forced to cut its dividend payout. It was but the latest example of a British business being taken out and for some showed that British businesses were being chronically undervalued. - Sunday Telegraph
Read moreLondon close: Stocks rise as UK inflation holds steady
14th Feb 2024 15:23
(Sharecast News) - London markets ended the day on a positive note on Wednesday as housebuilders rallied, following data indicating that UK inflation remained steady in January.
Read moreLondon close: Stocks fall as US inflation tops expectations
13th Feb 2024 16:21
(Sharecast News) - London markets ended the trading day in negative territory on Tuesday, influenced by concerns over higher inflation figures from the United States and a deceleration in wage growth within the UK.
Read moreLondon close: Stocks fall as US inflation tops expectations
13th Feb 2024 16:21
(Sharecast News) - London markets ended the trading day in negative territory on Tuesday, influenced by concerns over higher inflation figures from the United States and a deceleration in wage growth within the UK.
Read moreLondon close: Stocks slip as Barratt, Redrow announce merger
7th Feb 2024 15:00
(Sharecast News) - London's stock markets finished in the red on Wednesday, as investors digested fresh house price data as well as news of a big merger in the housebuilding sector.
Read moreMorgan Stanley double upgrades Persimmon to 'overweight'
19th Jan 2024 09:46
(Sharecast News) - Morgan Stanley upgraded its stance on Persimmon on Friday as it took a look at the UK housebuilding sector.
Read moreJefferies downgrades Crest Nicholson, ups Persimmon
16th Jan 2024 11:49
(Sharecast News) - Jefferies has upgraded Persimmon and cut its rating on Crest Nicholson following a review of UK housebuilders.
Read moreLondon close: Stocks fall as US inflation comes in hot
11th Jan 2024 16:34
(Sharecast News) - London's stock markets closed in the red on Thursday, reversing earlier gains after US consumer inflation came in hotter than expected.
Read moreTaylor Wimpey's 2023 profits at top end of guidance
11th Jan 2024 07:25
(Sharecast News) - Housebuilder Taylor Wimpey is set to deliver profits towards the top of guidance for the full year but said that the market remains "uncertain" despite a recent reduction in mortgage rates.
Read moreLondon close: Stocks tumble on Powell comments as GDP stagnates
10th Nov 2023 15:45
(Sharecast News) - London markets declined on Friday as investors reacted to hawkish remarks by Federal Reserve chair Jerome Powell made overnight.
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