Barratt aims to build at higher margins over medium-term
5th Sep 2018 07:13
(Sharecast News) - Barratt Developments aims to build 3-5% more houses over coming years and at higher margins in line with the rest of the sector thanks to new housing designs that are faster to build and reduce costs and waste.
Read moreWednesday broker round-up
29th Aug 2018 13:33
(Sharecast News) - Barratt Developments: Citigroup upgrades to buy with a target price of 634p.
Read moreSunday share tips: Persimmon, Evraz, Taylor Wimpey, Barratt Developments
27th Aug 2018 18:37
(Sharecast News) - The Mail on Sunday's Joanne Hart said that while the Bank of England may have raised its official borrowing rate to 0.75% in August, savings rates remained "painfully low", with savers struggling to earn much more than 1% interest a year.
Read moreBerenberg selects its top-picks in UK construction
24th Aug 2018 13:27
(Sharecast News) - Analysts at Berenberg sounded a positive note on several of the UK's main housebuilders, arguing that investors' concerns were overdone in several respects, including the sustainability of the dividend payouts from the sector, the impact declines in "average" house prices might have and buyer affordability.
Read moreLondon close: FTSE falls on dollar dip, ex-divs and tendency to gold safety
16th Feb 2017 17:00
(ShareCast News) - London equities limped to a lower close Thursday, pulled down by a trinity of factors including dollar weakness, a tendency to safe-haven gold and ex-dividend stocks. These combined to see the FTSE 100 down 0.34% to 7,277.92, and the FTSE 250 down -0.65%% to 18,705.72. Both ladder
Read moreAnalysts mostly bullish on houseuilders after housing White Paper
8th Feb 2017 11:40
(ShareCast News) - HSBC kept 'buy' recommendations on all the UK housebuilding stocks it covers, as the government's housing white paper contains "few measures that would upset the expected delivery of homes" from the major developers, with Bellway and Bovis offering the most upside. A note from Num
Read moreHouse builders' shares up after UK housing market white paper
7th Feb 2017 13:56
(ShareCast News) - Shares in UK home builders are up on Tuesday after the issue of the government's much-anticipated strategy for the country's 'broken' house market. The white paper -- titled Fixing Our Broken Housing Market -- included plans for more affordable homes, including councils having to
Read moreBarratt Developments sees H1 pre-tax profit up 7%
12th Jan 2017 07:18
(ShareCast News) - Housebuilder Barratt Developments said pre-tax profit for the six months to the end of December is expected to be up 7% on the same period a year ago, with overall market conditions healthy amid strong demand for new homes. The company said completions outside London are at their
Read moreFTSE 100 movers: Persimmon update lifts builders, JP Morgan dents insurers
5th Jan 2017 14:40
(ShareCast News) - Housebuilding shares led the FTSE 100 higher for the second day, with Persimmon head of the pack as it issued a bullish year-end update. Ahead of full year results due on 27 February, Persimmon said revenues for calendar 2016 were 8% ahead of the previous year, as sales growth for
Read moreBroker tips: Shell, Bovis Homes, housebuilders
4th Jan 2017 15:52
(ShareCast News) - RBC Capital Markets upgraded Royal Dutch Shell to 'outperform' from 'sector perform', keeping the price target at 2,500p. The bank said the recent OPEC and non-OPEC supply deals have put the oil market on a much firmer footing, removing some of its tail-risk concerns for the oil g
Read moreWednesday broker round-up
4th Jan 2017 14:30
(ShareCast News) - British American Tobacco: UBS reiterates hold with a target price of 5150p. Bovis: Jefferies reiterates hold, 886p target. Royal Dutch Shell: RBC upgrades to outperform with a 2500p target. Imperial Brands: Berenberg reiterates buy with a 4280p target. Barratt Developments: Deu
Read moreHousebuilders climb as Deutsche highlights sector's value, yields, risks
4th Jan 2017 12:14
(ShareCast News) - Deutsche Bank has highlighted the "significant" value in the UK housebuilders sector, singling out Taylor Wimpey as its top pick and upgrading McCarthy & Stone onto its 'buy' list. Noting that investor appetite for UK focused stocks has subsided in light of risks around Brexit, De
Read moreFTSE 100 movers: Pharmaceutical stocks lead FTSE's rally
16th Dec 2016 14:11
(ShareCast News) - The FTSE 100 rose 0.11% to 7,006.73 points on Friday afternoon with pharmaceutical stocks leading the way. Hikma Pharmaceuticals, Shire and Astrazeneca rallied on a positive read-across following reports Sanofi is in advanced talks to acquire Actelion. The companies are said to b
Read moreLiberum downgrades Barratt to 'sell' as it looks at UK housebuilders
6th Dec 2016 09:20
(ShareCast News) - Liberum downgraded Barratt Developments to 'sell' as it took a look at the UK housebuilding sector. The brokerage said it sees long-term value in some housebuilders as the valuation looks appealing and long-term fundamentals remain favourable. It noted government support for the
Read moreFTSE 100 movers: Miners fly south, housebuilders warmed by BoE data
29th Nov 2016 15:05
(ShareCast News) - As London woke to the first winter's frost, a flock of commodities heavyweights flapped south to send the FTSE 100 into negative territory on Tuesday. A fall in metals prices, led by copper, saw investors migrate out of Antofagasta, Fresnillo, BHP Billiton, Rio Tinto, Anglo Americ
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