Barratt Developments board confident as sales jump
16th Nov 2016 07:03
(ShareCast News) - Housebuilder Barratt Developments issued a trading update for the period from 1 July to 13 November on Wednesday, with the board saying overall market conditions remained healthy. The FTSE 100 firm posted a sales rate of 0.74 net private reservations per active outlet per average
Read moreDirectors dealings: Barratt executives pick up shares
24th Oct 2016 13:49
(ShareCast News) - Two of Barratt Developments's top executives topped up their holdings in the homebuilder. Chairman John Allan bought 20,000 shares for 484p apiece on 21 October, the company said in a statement. He was accompanied that same day by one of the company's non-executive directors, Ric
Read moreBarratt Developments exec suspended after arrest
19th Oct 2016 12:40
(ShareCast News) - Housebuilder Barratt Developments has suspended its regional managing director for London, Alastair Baird, after he was arrested over possible misconduct in awarding certain contracts. Baird and a former Barratt London employee were arrested by the Metropolitan Police on Wednesday
Read moreBarclays names Crest Nicholson 'top pick', confident on housebuilders
19th Oct 2016 10:26
(ShareCast News) - Crest Nicholson got a boost on Wednesday as Barclays said the stock was its 'top pick', replacing Redrow, following a period of share price underperformance that has left it looking "highly attractive". In a note on the UK housebuilding sector, the bank said that aside from a brie
Read moreHouse prices helped by demand rebound and historic supply low, RICS says
13th Oct 2016 09:35
(ShareCast News) - Surveyors reported an unexpected increase in house prices in the last three months as demand rose but the supply of new homes for sale dropped off and numbers for sale in London dropped to a historic low. The Royal Institution for Chartered Surveyors (RICS) revealed the headline b
Read moreBroker tips: Weir, Rotork, ASOS, Barratt Developments, Bovis Homes
20th Sep 2016 12:29
(ShareCast News) - Credit Suisse initiated coverage of Rotork and Weir at 'outperform' as it took a look at the pan-European capital goods sector. The bank gave Rotork a 230p price target. "We see Rotork as a high-quality company and while we do not discount a recovery in end markets, we see continu
Read moreBarratt Developments and Bovis Homes shares slide on UBS downgrade
20th Sep 2016 09:16
(ShareCast News) - Barratt Developments and Bovis Homes were under the cosh on Tuesday after UBS downgraded the housebuilders to 'neutral' from 'buy' as it reviewed the sector. UBS said market dynamics have been "significantly more benign" in July and August following the UK's vote to leave the Euro
Read moreThursday newspaper share tips: Barratt Developments, Forterra
8th Sep 2016 14:13
(ShareCast News) - Concerns regarding Barratt Development's strategy and exposure to the high-end of the London market are overdone, The Times's Tempus said. The lack of a land bank was a conscious choice by management, which decided to pursue a higher margin business model, although in uncertain ti
Read moreThursday broker round-up
8th Sep 2016 14:03
(ShareCast News) - Tesco: JP Morgan reiterates underweight with a target price of 135p. G4S: Jefferies maintains underperform with a 160p target. Severn Trent: UBS keeps at neutral with a 2310p target. ITV: JP Morgan reiterates overweight with a 233p target. Babcock: Goldman Sachs keeps at buy wi
Read moreBarratt Developments builds bright full-year results
7th Sep 2016 07:16
(ShareCast News) - Housebuilder and property developer Barratt Developments posted its annual results for the year to 30 June on Wednesday, with total completions rising 5.3% to 17,319. The FTSE 100 firm reported revenue of £4.24bn, up 12.7%, with profit from operations growing 15.9% to £668.4m. It
Read moreLondon close: Blue-chip miners, banks push FTSE higher as house builders fly
23rd Aug 2016 15:58
(ShareCast News) - London indices closed up thanks to heady gains among house builders after Persimmon posted robust first-half results, with miners, financials and supermarkets also on the up. While house builders dominated the top end of the blue-chip leaders' ladder, it was "miners and banks that
Read morePersimmon's H1 drags house builders higher, bodes well for sector in 2016
23rd Aug 2016 12:18
(ShareCast News) - UK house builders are topping the FTSE 100 leaders ladder today thanks to Persimmon's chipper interims, prompting some to highlight the sector's 2016 potential. The sector has turned in a lumpy performance over the past 12 months, but it had zipped higher after a dive immediately
Read moreLondon close: Stocks taper as sterling, commodity prices lose traction
19th Aug 2016 16:08
(ShareCast News) - UK stocks whimpered to a lower close on Friday as sterling lost traction on renewed Brexit fears and commodity prices headed south. The spectre of the Lisbon Treaty's Article 50 rose once more, following a media report that claimed UK Prime Minister Theresa May was sympathetic to
Read moreFTSE 100 movers: house builders, miners sag as easyJet firms
19th Aug 2016 14:32
(ShareCast News) - London's FTSE 100 tiptoed lower as a string of house builders sagged amid lingering concerns about the UK real estate market, and several miners slumped alongside metals prices. House builders were led lower by Persimmon, Taylor Wimpey and Barratt Developments, investors exiting t
Read moreHousebuilders subside as Deutsche Bank slashes targets due to Brexit
26th Jul 2016 10:38
(ShareCast News) - Deutsche Bank cut its price targets for all UK housebuilders in light of Brexit uncertainty, although the bank continued to be positive about the sector. Barrett Developments' target price was cut to 575p from 667p; Berkeley to 3,829p from 3,981p; Bovis to 1,190p from 1,322p; Bell
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