Broker tips: Cape, Compass Group, Barratt Developments
11th May 2016 12:37
(ShareCast News) - A recent pull-back in the shares of Cape may have thrown up a "window of opportunity" for investors, Numis said. At the company's last annual shareholders' meeting, management reiterated its expectations for the industrial services provider's full-year 2016 performance. The compa
Read moreCanaccord stays at hold on Barratt Developments
11th May 2016 10:50
(ShareCast News) - Barratt Developments delivered a solid trading update, with management expressing confidence with respect both to the recent trading and the outlook, Canaccord Genuity said. Indeed, analysts Aynsley Lamin and Matthew Walker pointed out how the homebuilder had decided to increase i
Read moreBarratt Developments lifts sales rate as demand remains strong
11th May 2016 07:03
(ShareCast News) - Housebuilder Barratt Developments improved its sales rate in the 19 weeks since the start of the year and confirmed market conditions remained "strong" with "good levels" of demand for new homes. Around seven weeks from its year-end, the FTSE 100 company reported a sales rate of 0
Read moreWednesday preview: Barratt Developments reports trading update
10th May 2016 13:10
(ShareCast News) - Barratt Developments reports a trading update on Wednesday with analysts looking to see how the housebuilder has weathered a slowdown in London's prime market. Numis expects the company to report a "robust" trading update with annual earnings per share of 52.4p, compared to consen
Read moreSector movers: Banks and homebuilders lead gains
26th Apr 2016 15:19
(ShareCast News) - Banks and real estate and property stocks rode to the top of the leaderboard on the heels of well-received quarterly earnings from StanChart and a perception that Brexit risks were fading, although analysts and market commentary were cautious on both counts. For the first quarter
Read moreHousebuilders and supermarkets lead gains
22nd Apr 2016 15:50
(ShareCast News) - Housebuilders were on the upside of the FTSE 100 for much of Friday, with some brokers turning less cautious on the sector than they have been in recent months. Analysts at Canaccord Genuity reiterated ratings on three of the top movers, including Barratt Developments, Berkeley Gr
Read moreFTSE 100 movers: Mining bears outweigh construction bulls
22nd Apr 2016 13:54
(ShareCast News) - London's blue chips were on the back foot as the week came to a close, weighed down as the miners continued to lose ground for a second session and despite oil prices launching a new move higher. After the European Central Bank's tough-talking stance on Thursday, miners were being
Read moreLiberum sees value in housebuilders after sector subsidence
22nd Apr 2016 09:34
(ShareCast News) - Broker Liberum has upgraded housebuilders Barratt Developments and Persimmon to 'hold' as it toned down its caution on the sector, but said Taylor Wimpey remained a 'sell'. Having turned cautious on housebuilders in November due to stretched valuation and fears of margin pressure,
Read moreUK construction outlook dims, RICS survey finds
20th Apr 2016 10:34
(ShareCast News) - UK construction growth slowed in the first quarter of 2016, according to fresh data, with the rate of private house building slowing to a three-year low. Revealing its research, the Royal Institution of Chartered Surveyors (RICS) said the slowdown in growth had been accompanied by
Read moreFTSE 100 movers: SABMiller higher, while Brexit risk drags housebuilders
15th Apr 2016 15:23
(ShareCast News) - The FTSE 100 was in the red on Friday afternoon, as investors reacted to slower growth in China, with lower oil prices and Brexit concerns also affecting the markets. SABMiller was among the leaders, after fellow brewing conglomerate Anheuser-Busch InBev agreed to create a ZAR 1bn
Read moreSector movers: Homebuilders continue lower, with Brexit and political uncertainty in focus
14th Apr 2016 16:38
(ShareCast News) - The drag from homebuilders saw the top flight index underperform its peers both in the States and over on the Continent, as the Bank of England sounded a cautious note about the impact that the referendum on EU membership might have on the sector, coinciding with a flurry of downb
Read moreBroker tips: OneSavings Bank, UK housebuilders, InterContinental Hotels
17th Mar 2016 13:40
(ShareCast News) - OneSavings Bank's shares surged on Thursday as Investec reiterated its 'buy' rating and target price of 380p after the company reported a jump in full year profits. The company reported underlying profit before tax was up 52% to £105.9m in 2015, and loans and advances grew 31% to
Read moreHSBC starts 10 UK housebuilders at 'buy'
17th Mar 2016 09:59
(ShareCast News) - HSBC initiated coverage of UK housebuilders saying the sector offers exposure to an area of real undersupply, with the UK government "largely pulling out all the stops to help". It started Barratt Developments, Bellway, Berkeley, Bovis Homes, Crest Nicholson, Galliford Try, McCart
Read moreSector movers: Financials, oil pace advance
16th Mar 2016 21:18
(ShareCast News) - The 2016 Budget left analysts divided about whether the Chancellor would be able to meet his targets for reducing the public deficit in this parliament, but for diversified financials St.James's Place and Hargreaves Lansdown the new measures he unveiled were a clear positive, acco
Read moreFTSE 100 movers: Budget takes wealth managers, house builders higher
16th Mar 2016 14:54
(ShareCast News) - The FTSE 100 was higher in afternoon trading on Wednesday, as investors digested the Chancellor's lunchtime Budget statement. Wealth manager St James's Place led the risers, after Chancellor of the Exchequer George Osborne set out measures in the Budget to boost home ownership and
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