Housebuilder share prices jump as analyst turns totally positive on UK housebuilders April 22, 2016 Shares in housebuilders have suffered in recent months, partly thanks to analyst Liberum, which in November published a note suggesting shares in UK housebuilders were "overvalued". But this morning, the analyst turned (slightly) bullish, saying it was "less cautious" about housebuilders' share prices. Back in November, Liberum's Charlie Campbell downgraded Barratt, Persimmon and Taylor Wimpey to "sell", saying [...]
Did Boris Johnson just move the currency markets? June 30, 2016 Traders have managed to keep a cool head today, despite the fallout from the UK's vote to leave the EU continuing to shock the political world, and many clamouring to link the two. The FTSE 100 was down, then up, then flat in the first half of the day's trading, standing unchanged at 6,357 at lunchtime. [...]
Taylor Wimpey boosted by General Election as profits rise July 29, 2015 Taylor Wimpey said yesterday it would return more cash to shareholders after pre-tax profit rose by a third to £238m in the first half, boosted by a pick-up in trading following the General Election. Chief executive Peter Redfern said that since May it has seen a significant improvement in consumer confidence and mortgage availability, which [...]
At the close: Markets take a clobbering as sterling slides and uncertainty reigns June 27, 2016 Traders and investors were left bloodied by a volatile session on the markets today. The FTSE has closed down 2.55 per cent at 5,982.20, with a fifth of FTSE 100 companies racking up double digit price falls. The internationally focused blue-chip index outperformed mid-caps however as the FTSE 250 – mostly made up of companies that trade in the [...]
Berkeley Group’s share price looks up as Tony Pidgley spends £800,000 on shares June 28, 2016 Berkeley Group's share price went up this morning after it emerged the company's chairman, Tony Pidgley, had bought another five per cent of the firm's shares for just under £800,000. In a statement this morning the company said Pidgley has bought 35,061 shares, a 4.7 per cent stake, at £22.69 a share yesterday, its share price plummeted. Director Glyn [...]
Property companies’ share prices climb again after a difficult three days July 7, 2016 After a difficult three days of trading for companies in the property market, things are looking slightly sunnier this morning. The increases today follow the news that house prices rose in June – but analysts are predicting house prices will fall in the second half of this year. Housebuilders Persimmon's share price climbed 6.9 per cent, Berkeley [...]
City braced for rate cut as construction data and banking woes unsettle markets August 3, 2016 The FTSE 100 fell to a two-week low of 6,645.40 yesterday, spooked by a double whammy of gloomy UK construction data and faltering bank stocks. Official data shows that UK construction has shrunk at its fastest pace in seven years. Markets are now bracing themselves for tomorrow’s Bank of England policy meeting, at which governor Mark [...]
Should investors be buying shares in Brexit-battered housebuilders? June 29, 2016 Despite something of a recovery on the stock markets in recent days, some sectors out there are still looking pretty rough. Housebuilders are among them. So bad was the post-referendum sell-off, trading in FTSE 100 listed firms was temporarily suspended on Monday as their share prices were hit by two consecutive days of double-digit falls. [...]
Take off! London lifted by green light for City Airport expansion as markets touch post-Brexit highs July 28, 2016 The City received a double boost yesterday as London City Airport was given the go-ahead for a major expansion while the latest GDP data beat expectations and lifted the FTSE 100 to a 12-month high. Chancellor Philip Hammond, transport secretary Chris Grayling and communities secretary Sajid Javid gave the green light to the multi-million pound [...]
Housebuilder share prices take a hit due to uncertainty over the outcome of the EU referendum June 9, 2016 Housebuilder share prices took a hit this morning as uncertainty over the outcome of the EU referendum cast a shadow over the property market. Taylor Wimpey shares were down 1.53 per cent in late morning trading to 186.20p, Barratt Developments shares dopped by 1.41 per cent to 559.00p and shares in Berkeley Group were down 1.85 [...]