Builders and building materials
Bovis Homes tops 'liquidation value' chart suggests Deutsche
Bovis has fundamental value despite its problems suggests German broker
Company
LON:BKG
The Berkeley Group Holdings PLC builds homes and neighbourhoods across London, Birmingham and the South of England. The company revives underused land, creating welcoming, sustainable and nature-rich places where communities thrive and where people of all ages and backgrounds enjoy a great quality of life.
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Builders and building materials
Bovis has fundamental value despite its problems suggests German broker
Builders and building materials
The FTSE 250-listed firm saw its pre-tax profits fall to £154.7mln for the full-year to December 31, down from £160.1mln a year earlier and below the firm’s own forecasts.
Berkeley Group is a class act but the high-end of the London market is going through a shake-up and Barclays sees better value elsewhere in the sector
Builders and building materials
The Sunday Times said that Schroders Investment Management has written a letter to Berkeley suggesting an all-share merger with its fellow FTSE 250-listed rival.
Builders and building materials
The bank's analysts said they have hiked their price targets across the board, which now “suggest close to 30% upside across the sector as a whole.”
Builders and building materials
Nationwide is expecting a ‘modest’ fall in growth next year
Forward sales are down on Brexit fears and the higher stamp duty, which Berkeley called an “extraordinary attack” on landlords
FTSE 100 has struggled all day ahead of the Italian constitutional vote
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The London-focused builder of high quality flats reports interim results on Friday .
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Big names reporting this week: Aberdeen Asset, Merlin Entertainments, Daily Mail, Sage Group and Berkeley Group
Housebuilders should be given some decent support in the Autumn statement believes Deutsche Bank
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An early look at some broker views on Tuesday
Oil & gas and mining stocks have survived the 'Brexit' fallout largely unscathed
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UK housebuilders were in favour with the brokers after a survey showed sentiment is strong in the housing industry
Redrow shares rose 7% to 411.4p, while Berkeley gained 3% to 2,772p.
A look at some topical trends in social media and on the net this Tuesday
London shares closed lower on Tuesday after a session where it only briefly rose on the day, thanks to lower oil and bank stocks
Warm summer may have boosted sales at car and bike accessory retailer
Crude prices pared 5% gains as Russia and Saudi failed to act
Investments and investor services
The top flight index was four points adrift at just over 6890
Dechra Pharmaceuticals, housebuilders Berkeley and Barratt, Halfords, Dixons Carphone, and JD Whetherspoon are on the agenda.
The fall-out from Brexit has done for southern softie house builder Berkeley Group
London shares ended Wednesday lower but finished the month around 90 points higher
The US ADP non-farm employment change figure failed to provide investors with much guidance
The Footsie lifted 7.1 points to 6827.89 in early trading, but the UK-focused FTSE 250 was in the red
UK shares closed higher on Tuesday, as miners once again outperformed other stocks, along with housebuilders and grocer Tesco, while the FTSE 250 index headed to May 2015 highs
London's blue chip index was 46 points higher at 6,874
London’s blue-chip shares advanced to 14-month highs on Friday and mid-caps reclaimed pre-Brexit levels as investors continued to lap up UK monetary easing and built on that with news that Wall Street’s S&P 500 hit a fresh record high after
In a quarterly report, the clean energy group said it has been approached by a number of groups due to the site's low operating and capital cost.
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Despite downgrading a whole host of housebuilders on Tuesday, Deutsche Bank said it was still positive about the sector and was merely adjusting its estimates to reflect Brexit uncertainty
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Weekly round up of mining news from the world of Proactive.
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Insurers were in the firing line on Thursday after Barclays released a report giving its assessment of the UK and European insurance market post-Brexit
Liberum and finnCap released notes on the company today, with both issuing a ‘buy’ recommendation for the stock.
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A new survey from Credit Suisse makes for grim reading for any business leader
Major share price risers and fallers in London at 4.15pm
Bank of England Governor Mark Carney has introduced measures to help banks, Standard Life suspends, while Dominic Chappell likens Philip Green to Gaddafi…
London’s FTSE100 staged a dramatic recovery late in the Thursday session to close higher along with small-cap stocks after the Bank of England said it might cut historically low rates even further in the wake of Britain’s surprise Brexit re
The FTSE 100 Index edged down 7.97 points to 6352.1
Investments and investor services
The FTSE 100 Index retreated 11.86 points to 6348.2
London’s FTSE 100 index on Wednesday closed above “Brexit” crisis levels for the first time since the morning of the In-Out European Union referendum polling last Thursday
As the status quo is unlikely to change in the immediate term, some Brexit worries have been set aside - even if it's just for now.
The FTSE100 held onto most of its intraday gains to close over 3% higher on Monday after sentiment towards remaining in the EU grew
The FTSE 100 opened strongly as predicted, with the opinion polls suggesting the ‘remain campaign’ has a narrow lead ahead of the crucial vote on Thursday.
London’s FTSE100 index closed higher on Wednesday, just shy of the 6,000 mark, as markets priced in a no-change to US interest rates later in the day
Investments and investor services
The Footsie gained 56 points to 5979 while small-cap indices were also in positive territory
Investments and investor services
The Footsie gained 51 points to 5974 while small-cap indices were also in positive territory
All but five FTSE 100 constituents are up. House builders are left behind as pre-referendum uncertainty is hitting the market for new houses
Housebuilder said uncertainty over the referendum was hitting business
Numis is bullish on both Berkeley and Crest Nicholson, recommending investors 'add' them to the portfolio.
It came as premier index FTSE100 was losing ground as China inflation data disappointed.
The FTSE 100 Index rose 47 points to 6257 in early trading in London
Investments and investor services
Deutsche analyst David Lock said Tuesday’s share price rally was not justified by the bank’s revenue outlook or forecasts through to 2018 – Weir Group Plc, Cobham Plc and the UK house builders were also in the broker spotlight.
Investments and investor services
It was a drab end to a decent week, with the big winners on Aim including Scapa, Verseon, Next Fifteen, Boohoo.com and ASOS.
The AIM All-Share remained in positive territory, though only just (it was up 0.09 points at 732.62).
Attempts to rein in mass profiteering at the upper end of London's housing market appear to be having an effect
Chancellor of the Exchequer George Osborne gives his budget speech on Wednesday
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Britain's blue chips closed almost 69% higher with miners the big winners as traders digested a mixed jobs report from across the pond.
Metals prices are on the up taking mining stocks with them
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It was almost back to square one for the Footsie, with miners leading the rally
Investments and investor services
Eden Research raises a glass to the Spanish authorities for green-lighting its wine grape protection product.
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FTSE100 closed 50 points down as traders were put off equities....
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Retail, housebuilders, Wolseley, Elementis, Standard Chartered...
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Also Whitbread, BT, Standard Life, McCarthy & Stone and Booker
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While it is unlikely the Footsie will finish the year in credit, three more days of 60 points gains will see it go close
The roof fell in on mining companies but it was a year to celebrate for house builders
Flood damage in the north of England could see a lot of work coming the way of Britain's house builders
Below are the main risers and fallers in the London market at 4pm
Peel Hunt reckons the company represents a “very compelling buying opportunity”
Whether or not the Federal Reserve will raise interest rates will likely keep investors occupied until the announcement on Wednesday
Investments and investor services
The FTSE100, which had been just slightly lower at lunch, eased further, ending the day at 6,228, a drop of 46 points
The UK’s main index lost around 8 points to 6,266
“London remains a destination of choice which it must cherish.”
Investments and investor services
Berkeley Group's pledge to return a whole wodge of cash to shareholders is doing wonders for the share price
Investments and investor services
According to Jasper Lawler at spread betting firm CMC Markets, “every metric of the ECB’s easing was less than expected by markets”.
Interims from house builder Berkeley and a passenger stats update from easyJet are expected. On the macro front, it's all eyes on US unemployment numbers.
Next week, the Organization of the Petroleum Exporting Countries (OPEC) will meet.
The FTSE100 jumped around 80 points to 6,360 on Thursday
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It is still the worst performing blue-chip this year, but Glencore looks to be on the comeback trail
Investments and investor services
Global markets have been in a malaise all day after dismal Chinese trade data on Tuesday.
China's imports fell about a fifth in September, data showed
Property and investment stocks are replacing miners and oilers in Footsie
Berkeley and Whitbread are scheduled to release trading updates on Tuesday,
Anglo American, Premier Oil, House builders, Asos and Smith & Nephew are all in the broker spotlight
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Risers & Fallers budget special: featuring Drax, Aldermore, OneSavings Bank, Shawbrook, Virgin Money, Lloyds, Barclays, HSBC, RBS, Aviva, and all the housebuilders
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Home builder Berkeley Group (LON:BKG) received a broker stamp of approval on Thursday after yesterday reporting annual profits, which beat expectations.
Investments and investor services
UK investors shrugged off concerns over Greece to follow US equities higher in the afternoon session
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Traders sit tight as stand-off between Greece and creditors continues
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FTSE 100 Index trades 16.57 points adrift at 6663.98
Meanwhile, home builder Berkeley Group received a broker stamp of approval on Thursday after yesterday reporting annual profits, which beat expectations.
A firm start on Wall Street encouraged a rally in London
Investments and investor services
Despite expectations that the US will open higher, London's leading stocks have shifted into reverse
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21st Century is set to remake the Hitchcock thriller as 'Dial M for Murdoch' ... or maybe not. In other media news, Sir Bob Geldof steps down from the board of Ten Alps.
Investments and investor services
Mobile Streams leads the risers but investors desert Auhua.