Broker snap: Views differ on Barratt's NAV
14th Jul 2010 11:46
KBC Peel Hunt has been bearish on the housebuilding sector for a long time and Wednesday morning's update from Barratt Developments has not persuaded it to change its view, though it does concede things are going better for the company. "Update shows Barratt ahead in a number of areas - better marg
Read more2nd UPDATE: Barratt Shares Higher As FY Profit Rises
14th Jul 2010 09:02
(Rewrites, adds analyst comment, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares in Barratt Developments PLC (BDEV.LN) rose sharply Wednesday after the the U.K.'s largest house builder by volume said its full-year operating profit will more than double and t
Read moreLondon open: Modest gains for Footsie
14th Jul 2010 08:49
Footsie has made progress after a cautious start, though BP's recent good run has come to an end while derivatives broker ICAP is lower after a cautious statement. BP has delayed a pressure test on the newly installed well cap in the Gulf of Mexico while reports today said US politicians now want t
Read moreBarratt boosted by 18% price rise
14th Jul 2010 08:04
Barratt Developments' underlying profits this year will beat expectations after the housebuilder pushed though price rises of 18% and kept costs under control. Operating profit will now be at least £85m for the full year to June as margins for the year rose to 4% and hit 5.5% in the second half. C
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 07:51
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0651 GMT [Dow Jones] Barratt Developments' (BDEV.LN) FY results are broadly in line with expectations, says Shore Capital. No
Read moreMARKET TALK: Barratt Developments In Line -Shore Capital
14th Jul 2010 07:51
0651 GMT [Dow Jones] Barratt Developments' (BDEV.LN) FY results are broadly in line with expectations, says Shore Capital. Notes debt has fallen to GBP375M, but says this largely reflects deferred land payments. Maintains sell recommendation on the stock. Shares closed Tuesday at 105p. (michele.maat
Read moreUPDATE: Barratt FY Profit Rises, Well-Positioned For Growth
14th Jul 2010 07:43
(Rewrites. Adds CEO comment, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Barratt Developments PLC (BDEV.LN), the U.K.'s largest house builder by volume, said Wednesday that full-year operating profit will more than double, and the company is well-positioned for
Read moreBarratt Developments 2H Profitability To Be Above Expectations
14th Jul 2010 07:23
LONDON (Dow Jones)--Barratt Developments PLC (BDEV.LN) said Wednesday second half profitability will be above expectations and it is well positioned to secure further margin growth. MAIN FACTS: -Operating profit of at least GBP85 million for the full year, ahead of expectations, resulting in
Read moreBarratt Developments Aims For Growth In Challenging Market
14th Jul 2010 07:19
By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Barratt Developments PLC (BDEV.LN), the U.K.'s largest house builder by volume, said Wednesday that it is well-positioned for further margin growth in a challenging market. "The outlook for the new housing market in the U.K. is
Read moreWednesday preview: M&S, Barratt Devs., JD Wetherspoon
13th Jul 2010 16:17
After the sparky proceedings at the British Airways annual general meeting (AGM), Wednesday's AGM of Marks & Spencer's shareholders may seem like a model of decorum but it is not expected to pass without incident. Director remuneration is likely to prove the hot issue. The new chief executive, Mar
Read moreMARKET TALK: Panmure Buys UK House Builders On Valuation
13th Jul 2010 09:37
0837 GMT [Dow Jones] Panmure Gordon reviews UK house builders. Says after a period in which the share prices of UK house builders "have been significantly hit, we are turning buyers of all stocks in the sector on valuation grounds." The brokerage upgrades Redrow (RDW.LN) to buy from hold but cuts ta
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
13th Jul 2010 09:37
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0837 GMT [Dow Jones] Panmure Gordon reviews UK house builders. Says after a period in which the share prices of UK house buil
Read moreLondon close: Footsie rises again after strong week
9th Jul 2010 17:07
Footsie finished a very good week on the up again, helped by gains for the miners, life groups and Smith & Nephew. Antofagasta was the stand-out stock in the mining sector after Goldman Sachs issued a "buy" recommendation. Goldman Sach also advocates buying Anglo American ahead of an expected adv
Read moreLondon afternoon: Footsie condolidates gains
9th Jul 2010 14:39
Shares edged a little bit higher over the lunch time session with little sign yet of investors looking to bank the week's gains. Mining stocks are leading the advance. Antofagasta is the stand-out stock in the sector after Goldman Sachs issued a "buy" recommendation. Goldman Sach also advocates buy
Read moreLondon midday: Stocks becalmed
9th Jul 2010 11:59
After a bright start things in London have tailed off with those traders still chained to their screens probably contemplating an early getaway for the week-end. Constituents of the FTSE 100 index are almost exactly divided between leaders and laggards, with insurers and base metal miners prominent
Read more