Best of the Brokers for 10 March 2014 March 10, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BWIN.PARTY Peel Hunt has a “buy” rating on the gambling firm and a target of 137p ahead of full-year results due on Thursday. While the broker expects the earnings figures to make for grim reading, with earnings down 36 per cent, it thinks [...]
London Report: FTSE climbs to its highest close since late 1999 May 13, 2014 BRITAIN’S top share index hit its highest closing level since December 1999 yesterday, led by housebuilding stocks, with technical analysts betting the broader market could push on further still. The FTSE 100 ended up 21.33 points, or 0.3 per cent, at 6,873.08 points. Forex.com technical analyst Fawad Razaqzada reckoned there was scope for the index [...]
London Report: Housebuilders help FTSE to a modest bounce April 9, 2014 BRITAIN’S blue-chip stock index staged a technical bounce yesterday, helped by a rally in housebuilders as analysts flagged buying opportunities in shares that have underperformed recently. The FTSE 100 had shed 1.6 per cent over the previous two days. However, charts showed the trend for the index remained up and investors were still prepared to [...]
Taylor Wimpey enjoys boost from government lending schemes but doesn’t see planning system improving July 31, 2013 Housebuilder Taylor Wimpey has reported a 42.1 per cent increase in first half pre-tax profit to £109m citing improved consumer sentiment and government mortgage schemes. Chief executive Pete Redfern said there was a “meaningful improvement in the housing market” in the first half of the year and that Taylor Wimpey is “ideally positioned to perform [...]
What the other papers say this morning – 17 April 2014 April 17, 2014 FINACIAL TIMES Knights less likely to cut jobs A group of European academics have concluded that company bosses are less likely to cut jobs to boost profits if they are in line for an honour, for fear of drawing the ire of politicians and the public. The study looked at companies in New Zealand, which [...]
London Report: Insurance firms start a deluge of UK earnings February 23, 2014 A BUMPER week for UK earnings kicks off today with results from Hiscox, one of the big home insurers reporting full-year figures. Figures from Hiscox, RSA and Direct Line could give more detailed estimates of losses for UK industry and themselves after recent flooding and storms. Aviva and L&G are also set to give end [...]
London Report: Retailers reveal where tills rang for Christmas January 12, 2014 RETAILERS are expected to reveal where UK shoppers showed their Christmas cheer, with a round of results in contrast to last week’s gloomy December tidings. Figures out this week from retailers such as Argos, Asos, Dixons, Ocado and Primark are expected to show increased sales. The successes are in contrast to the sales dips seen [...]
Housebuilders take a knock as BoE ends Funding for Lending for mortgages November 28, 2013 Shares in the housebuilding sector have taken a tumble across the board this morning on the news that the Bank of England is ending its Funding for Lending scheme for mortgage providers. At pixel time, Barratt Homes has plummeted 9.6 per cent. Persimmon, the UK's largest home builder, is down over six per cent. Taylor [...]
Lending plan hits shares in housebuilders November 28, 2013 SHARES in FTSE-listed housebuilders slumped in unison yesterday, wiping almost £1bn off their value, after Mark Carney’s pledge to end Funding for Lending support for mortgages. Investors fled the stocks on worries that house sales, and seven per cent annual price growth, could vanish once the Bank of England governor puts the brakes on incentives [...]
Miliband sets his sights on big housebuilders December 16, 2013 ED MILIBAND has angered housing developers by suggesting that they are guilty of hoarding land destined for new homes in order to make cash. The Labour leader made the comments during a tour of Stevenage yesterday as he launched a “non-stop drive” to boost building in the UK. “Profits for our four biggest housing developers are [...]