Taylor Wimpey shares jump as it lifts forecasts May 13, 2014 SHARES in Taylor Wimpey jumped over seven per cent yesterday after the housebuilder raised its profit targets on the back of a resurgence in the housing market. Housebuilders have enjoyed a dramatic recovery over the past year thanks to the government’s Help to Buy scheme and improving consumer confidence, which has helped fuel demand for [...]
London towers vs low-rise living: Westminster is luring investors seeking modern quality homes in a historical part of town February 26, 2015 It’s out with the old and in with the new in one of London’s most historic boroughs. Westminster, home to such venerable and enduring institutions as Westminster Abbey, Whitehall and the Houses of Parliament, is well known for its period housing stock. Small streets are generally lined with Georgian townhouses and bookended by 18th century [...]
Housebuilder shares rise as Conservatives promise 200,000 cheap starter homes for first-time buyers March 2, 2015 Shares in the UK's largest housebuilders bounced this morning, after the Conservatives pledged to make 200,000 "starter homes" available cheap for first-time buyers if they win the election. Shares in Taylor Wimpey rose 1.54 per cent to 147p in early trading, while Barratt rose 0.87 per cent to 520p and Persimmon rose 1.36 per cent [...]
Housing data shows lending and price rises – London Report March 1, 2015 HOUSING data due this week is likely to show increases in both prices and the number of mortgages being taken out. Bank of England mortgage approval figures, out today, are forecast to show that the number of housing loans rose modestly for a second month running in January after falling for five successive months to [...]
Bovis Homes reveals record year as profits, revenue and earnings all soar February 23, 2015 The figures Bovis Homes' share price opened around two per cent higher this morning, after the home builder reported a 75 per cent rise in basic earnings per share, from 44.9p to 78.6p for the year ended 31 December 2014. A stronger average sales price and a record year for completions led to a 69 per [...]
London house price growth slows down for third consecutive month January 13, 2015 Growth in the London and wider housing market continues to slow down, new data has revealed. Data from the Office for National Statistics (ONS) reveals average London house prices grew 15.3 per cent in the year to November 2014, down from the 17.2 per cent recorded in October. In the UK as a [...]
Greece and miners’ rally help London surge to record high – London Report February 24, 2015 Britain’s top equity index yesterday hit a record high as a rally in mining companies helped the three-decade-old blue chip index to surpass its previous high, set in late 1999. Reports that Greece had secured a lifeline from its creditors and increasing belief that the UK’s economic recovery was gaining momentum also helped the index [...]
Inflation falling after price wars over Christmas – London week ahead January 11, 2015 CONSUMER price inflation figures for December, due out tomorrow, will shine a light on to what extent falling oil prices and intense retail competition have boosted spending power in the UK. Analysts says the fall in inflation is likely to have been tempered by the fact that there was more retail discounting than usual in [...]
Best of the Brokers for 13 November 2014 November 12, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BTG Jefferies reiterated its “buy” rating, citing a compelling growth story. The broker noted that BTG’s varicose vein drug Varithena was moving at a steady pace, with encouraging numbers around sales and brand awareness. Target price was bumped up to 875p from 760p. [...]
FTSE falls back but airlines soar after Osborne’s tax cut – London Report December 3, 2014 LONDON’S top share index edged down from a one-week high yesterday, with moves in stocks exposed to measures announced in the Autumn Statement dominating in an otherwise quiet session. The blue chip FTSE 100 index closed down 0.4 per cent at 6,716.63 points. Large-cap airlines easyJet, up 2.46 per cent at 1,668p, and British Airways [...]