Pearson, Bellway, SThree: Best of the Brokers for 14 December 2015 December 14, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com It’s been a bad few days for publisher Pearson, after a whole host of analysts sent the share price down by cutting its profit expectations. Deutsche Bank cut its price target on Pearson shares from 950p to 770p, while Jefferies’ David Reynolds slashed [...]
Best of the Brokers for 15 October 2015 October 14, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com WH Ireland maintained its “buy” rating on the luxury furnishings business, following interim results which showed a positive performance. The broker noted that “investment has continued to be made across the business, which should help to underpin growth over the coming years”, and [...]
Bellway share price soars as housebuilder’s profit beats expectations on record house sales October 13, 2015 The figures Bellway shares rose 3.5 per cent in mid-morning trading as the UK housebuilder smashed expectations, reporting pre-tax profits soaring by 44 per cent year-on-year to hit £354.2m in the year to 31 July, comfortably ahead of analysts’ expectations of £343m. The housebuilder, one of the UK's largest, sold 7,752 homes, up 13.2 per cent, [...]
Inflation likely to show minute rise above zero – London Report October 11, 2015 INFLATION data will be in the spotlight this coming week. The consumer price index in the UK, released tomorrow, is expected to pick up in September to 0.1 per cent year-on-year, following a drop to zero per cent in August. The Bank of England, which is targeting two per cent inflation, said the outlook for [...]
Best of the Brokers for 24 August 2015 August 23, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BELLWAY Jefferies has retained its “buy” rating on the UK home builder, but upgraded its target price after the company finished the year to April with a record number of completions. Jefferies increased its profit before tax estimate by three per cent for [...]
Beam Park, Dagenham: London’s getting a new station and 2,000 new homes just 20 minutes from the City June 9, 2015 A new railway station will soon be coming to London after the Mayor of London, Boris Johnson, revealed ambitious plans for the regeneration of an area in East London which will also add up to 2,000 new homes in the capital. Beam Park in Dagenham is the last site in London up for grabs as [...]
Reports reveal services leading the UK recovery – London Report May 31, 2015 THE UK service sector is once again expected to be the star turn as purchasing managers (PMI) reports this week show continued economic growth. Figures due out on Wednesday are expected to show the sector held up well in May, remaining stable at 59.5 (with 50 and above denoting growth) after rising to this level [...]
Focus on Poplar: There’s good reason it’s getting so popular, you know May 21, 2015 It hasn’t always been so popular to live in Poplar. Its postcode, E14, has held the dubious honour of being the most unequal in the UK, as its East End estates sit a stone’s throw away from the shimmering towers of Canary Wharf. It’s now best known in the nation’s mindset as the impoverished setting [...]
City Moves for 13 April 2015 | Who’s switching jobs April 12, 2015 Cunningham Lindsey The claims management and third party administration services provider has appointed Mark Thompson as global head of major and complex loss, and chief executive of Cunningham Lindsey International. He has over 20 years’ experience managing loss adjusting and insurance forensic accounting. LME The London Metal Exchange has appointed Andrew Dodsworth as head of [...]
Bellway profits soar on back of strong housing demand March 25, 2015 The numbers Homebuilder Bellway has reported a jump in profit before tax of 53 per cent to £159m for the half year ended 31 January. Revenue climbed 18.7 per cent to £831.2m. In good news for shareholders, dividends per share soared 56 per cent to 25p. Completions for the period rose 15.7 per cent from the [...]