THE TIPSTER March 27, 2011 LAST week’s budget certainly gave a fillip to the construction industry. The sector has hardly had an easy ride since the free-flow of credit dried up in 2008, but with some of the froth knocked out of the market, progress seems to have been emerging in recent months. Housebuilder Bellway will be releasing its interims [...]
THE WEEK AHEAD March 27, 2011 COMPANY NEWS • Travel company Thomas Cook group is going to announce its second quarter interim management statement on Tuesday. This will be followed by figures being released by TUI Travel on Thursday, where we may see indication of how the Middle East turmoil affected the performance of travel companies. • Housebuilder Bellway will be [...]
A move back to houses aids Bellway sales February 7, 2011 RENEWED demand for traditional two-storey homes helped housebuilder Bellway post a 7.6 per cent rise in its average sale price yesterday. Bellway said in an update that it sold 2,332 properties in the six months to the end of January, a rise of 3.8 per cent on last year. The FTSE 250-listed firm has shifted [...]
Traditional two-storeys boost developer February 7, 2011 DURING the debt-fuelled property boom, developers built endless blocks of flats. Many of these were located in so-called “regeneration” areas, downtrodden urban wastelands on the edge of Britain’s former industrial cities like Manchester and Sheffield; many now stand empty, a testament to the industry’s collective stupidity. Part of the problem was central government-imposed housing density [...]
Bellway sales on the rise February 7, 2011 Housing developer Bellway completed the sale of 2,332 homes in the the six months to 31 January. That was 85 more than in the same period the previous year. The average price of these homes has risen from £155,871 in the same period last year to £168,000, – an eight per cent jump This company [...]
THE TIPSTER February 6, 2011 WITH uncertainty continuing over the situation in Egypt, bearish investors are coveting the safe haven assets once again. After retreating from the $1,400 level at the start of the year, gold is now creeping higher but with no signs of further contagion in the geopolitical sphere, the risk aversion stance could arguably be seen as [...]
BEST OF THE BROKERS January 16, 2011 DIXONS Seymour Pierce rates the retailer a “buy”, despite a weak Christmas sales performance and a computer glitch which wiped £15m off sales. The broker remains confident Dixons can recover in the long-term, despite a possible fall in sales in a difficult retail trading climate. It placed Dixons’ target price at 21p per share. TED [...]
Retailers and commodities push FTSE to three-week high December 7, 2010 Britain’s top shares closed at their highest level in over three weeks yesterday, lifted by commodity makers and retailers as equities remained the preferred asset class among investors despite macro concerns. The FTSE 100 ended up 38.17 points, or 0.7 per cent, at 5,808.45, having closed 0.4 per cent higher on Monday and 7.3 per [...]
Bellway sees higher profit December 7, 2010 BRITISH homebuilder Bellway expects first-half profit to rise up to 20 per cent as it sells houses in more expensive parts of the country. It also said average prices would continue to rise in the second half. Bellway has 3,614 sales secured for this fiscal year, up nearly four per cent, and 400 for the [...]
Bellway December 7, 2010 After a tough autumn for its shares, in part due to the fiscal crunch, Bellway looks well-priced in light of its third-quarter interim statement. Despite the fall in year-on-year unit sales, it beat consensus expectations and analysts are still setting their target price higher than its 612.5p close yesterday. The company has issued guidance suggesting [...]