Sector movers: Housing stocks rise, insurers fall after Budget
19th Mar 2014 14:03
Household goods and home construction stocks were making gains on Wednesday in the aftermath of George Osborne's 2014 Budget, in which he unveiled a number of stimulus measures to boost activity in the housing market. However, the life insurance sector was trading in the red as investors reacted ne
Read moreTuesday tips round-up: Morrison, Taylor Wimpey, Barrat Developments
18th Mar 2014 07:21
The dividend payment at Morrison is expected to be only slightly covered by earnings going forward as the supermarket operator slashes its prices to take on rivals, such as discounters Aldi and Lidl. In fact, the firm announced a five per cent increase in its dividend pay-out despite the fact that u
Read moreOsborne announces extension of Help-to-Buy scheme
17th Mar 2014 10:29
Chancellor George Osborne announced on Sunday, during a debate on the BBC One's Andrew Marr show, that the government's Help-to-Buy scheme will be extended to 2020, at a cost of 6bn pounds. The news sent shares of UK homebuilders straight to the top of the leaderboard on Monday morning. Measures
Read moreLondon open: Stocks gain after Crimea vote, housebuilders rise
17th Mar 2014 08:49
- Crimea votes overwhelmingly to rejoin Russia - FTSE 100 bounces after three per cent fall last week - Housing stocks gain on Help to Buy extension - Vodafone to buy Ono for 7.2bn euros techMARK 2,784.02 +0.68% FTSE 100 6,552.67 +0.38% FTSE 250 16,257.31 +0.82% UK equities were making decent gain
Read moreMonday broker round-up UPDATE
17th Mar 2014 08:31
Admiral Group: Credit Suisse raises target price from 1340p to 1425p and keeps a neutral rating. African Barrick Gold: Canaccord Genuity ups target price from 315p to 330p and maintains a buy recommendation. Amara Mining: Canaccord Genuity moves target price from 25p to 33p and reiterates its buy
Read moreGoldman foresees 'strong recovery' in UK housing market
12th Mar 2014 13:16
Goldman Sachs has upgraded Crest Nicholson from 'buy' to 'conviction buy', saying that the focus of the UK housebuilding sector is shifting from earnings to dividends after a strong reporting season. "Eight of the 12 UK housing-related companies under our mid-cap coverage have recently reported res
Read moreWednesday broker round-up UPDATE
12th Mar 2014 09:03
Ashtead Group: Citi raises target price from 850p to 1075p keeping a buy recommendation. Barratt Developments: Goldman Sachs reduces target price from 527p to 502p and downgrades to neutral. British Land: Jefferies downgrades to hold with a target price of 707p. Brooks Macdonald Group: Canaccord
Read moreDixons Chairman joins Barratt Developments
11th Mar 2014 07:37
Dixons Chairman John Allan is set to take over as the Chairman of residential property group Barratt Developments. Allan will join the board of Barratt on August 1st as a Non-Executive Director before succeeding Bob Lawson as Chairman following the company's annual general meeting (AGM) on Novembe
Read moreSector movers: Housebuilders, miners lead the fallers
5th Mar 2014 14:52
Construction and housing stocks were hit by cautious comments from analysts on Wednesday, while miners were dampened by concerns over growth targets from top metals consumer China. Credit Suisse weighed on sentiment in the housebuilding sector today after downgrading its rating for the category fro
Read moreBroker tips: Housebuilders, Melrose, Intertek, SOCO International
5th Mar 2014 13:10
Credit Suisse has downgraded its rating for the UK housebuilding sector from 'overweight' to 'market weight', telling investors that it is time to take profits. "To be absolutely clear we are not calling the top of the UK housing cycle, rather we are calling the top of the equity story, as we belie
Read moreLondon midday: Stocks pull back after strong gains, earnings and data in focus
5th Mar 2014 11:34
- Economic data, China targets closely watched - Ukraine crisis still in focus - Admiral jumps, Melrose sinks - Credit Suisse takes down housebuilders techMARK 2,905.24 -0.55% FTSE 100 6,782.33 -0.61% FTSE 250 16,619.55 -0.48% UK stocks fell on Wednesday as investors focused on a string of import
Read more'Take profits' on UK housebuilders after strong run, says Credit Suisse
5th Mar 2014 10:29
Credit Suisse has downgraded its rating for the UK housebuilding sector from 'overweight' to 'market weight', telling investors that it is time to take profits. After the "very significant move" in share prices and valuations across the sector, the bank said this is "as good as it gets", removing i
Read moreWednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
Read moreFriday broker round-up UPDATE
28th Feb 2014 09:51
Barratt Developments: Liberum Capital ups target price from 430p to 468p and keeps a buy recommendation. Deutsche Bank takes target price from 394p to 452p and retains a buy recommendation. Citi raises target price from 390p to 460p and maintains its buy recommendation. Bodycote: FinnCap increases
Read moreFTSE 250 movers: Kazakhmys soars on plans to separate assets
27th Feb 2014 15:40
Mining group Kazakhmys saw its share price rocket today after the group said it was considering separating the Zhezkazgan and Central regions, with a view to a potential disposal. The group's former Chairman, Vladimir Kim, has indicated he would consider creating a personally-owned vehicle to hold t
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