London Report: Housebuilders drag on FTSE 100 after near-record highs June 23, 2014 BRITAIN’S top equity index fell yesterday for the first time in a week as declines in housebuilding shares weighed on the market, which had been approaching record highs. The blue-chip FTSE 100 index, which had risen for the last four sessions, ended down by 0.4 per cent, or 24.64 points, at 6,800.56 points – some [...]
London Report: FTSE falls on BT pension fears and builders June 16, 2014 BRITAIN’S top share index slipped yesterday as concerns about a large increase in its pension deficit hit BT Group, while housebuilders extended their recent sell-off on prospects of a UK rate hike. BT fell 2.4 per cent, one of the biggest drags on the FTSE 100. Traders cited a Sunday Times report which said that [...]
City Moves for 05 June 2014 | Who’s switching jobs June 4, 2014 Regis The property investment firm has hired James Futter as a senior associate in its acquisition team. He will primarily focus on freehold ground rent portfolio acquisitions in the UK. Futter joins from Barratt Developments, where he was a south region analyst. Jupiter The asset management company has announced the appointment of Ross Teverson as [...]
London Report: Chinese factory figures see FTSE shares edge up June 2, 2014 BRITAIN’S top share index inched higher yesterday as upbeat Chinese factory data lifted mining stocks and as homebuilders shrugged off worse-than-expected mortgage approval figures in the UK. The blue-chip FTSE 100 index closed up 0.3 per cent, or 19.59 points, at 6,864.10 points. Mining stocks across Europe, including London-listed Rio Tinto and BHP Billiton, rose [...]
British equity markets party like it’s 1999 May 13, 2014 THE FTSE 100 jumped to a 14-year high yesterday, smashing through a record level set just before the turn of the century. The UK’s major index of stocks ended at 6,873.08, up 0.31 per cent, having peaked at over 6,877 during the day. The FTSE’s all-time high at the end of 1999 was 6,950.6, a [...]
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 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 [...]
The FTSE just hit its highest level since January 2000. Here’s what you need to know May 13, 2014 Traders are shrugging off concerns about tensions over Ukraine, and instead riding the momentum from yesterday's record-setting US session. London's leading index, the FTSE 100, is currently trading at its highest level since January 2000. More broadly European shares have risen to a six-year high after that US rally. Yesterday saw the Dow Jones and [...]
Barratt and Derwent benefit from recovery May 8, 2014 BARRATT Developments expects to secure reservations on more than a quarter of next year’s private completions by June as the UK’s housing recovery continues apace. Chief executive Mark Clare said yesterday that rising consumer confidence and better mortgage availability meant sales rates had now reached an “optimum level”, with Barratt registering an average of 0.77 [...]
London Report: Supermarkets’ results to show split in fortunes May 5, 2014 THE varying fortunes of the UK’s supermarkets will be revealed this week as Morrisons gives its quarterly results while Sainsbury’s announces full-year figures. Sainsbury’s annual results are forecast to show that underlying pre-tax profits rose 3.5 per cent to £782m. However investors will be anxious to see the company’s plans for the next year, especially [...]