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CrestNicholson


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AJ Bell, Frequentis AG, Sage Group

EUROPE RESEARCH ROUNDUP-AJ Bell, Frequentis AG, Sage Group Nov 21 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AJ Bell, Frequentis AG and Sage Group on Thursday. HIGHLIGHTS * AJ Bell AJBA.L : Jefferies raises target price to 530p from 485p * Crest Nicholson Holdings Plc CRST.L : Berenberg cuts PT to 195p from 215p * Frequentis AG FQT.DE : Berenberg initiates coverage with buy rating; PT EUR 33 * Sage Group SGE.L : Jefferies rais
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UK homebuilders fall as inflation jump underscores BoE stance for gradual rate cuts

BUZZ-UK homebuilders fall as inflation jump underscores BoE stance for gradual rate cuts ** UK housebuilders' index .FTNMX402020 declines over 3% after British inflation jumped by more than expected last month to rise back above the Bank of England's 2% target; underlying price growth gathered speed too, showing why the central bank is moving cauti
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UK homebuilder Crest Nicholson sees FY profit dip amid margin pressure

UPDATE 1-UK homebuilder Crest Nicholson sees FY profit dip amid margin pressure Adds sector context in paragraph 2, CEO comment in paragraphs 3 and 4 Nov 20 (Reuters) - UK homebuilder Crest Nicholson CRST.L issued a second profit warning in five months on Wednesday, forecasting annual profit at the lower end of its previous range attributing the downgrade to a higher share of sales from low-margin affordable housing.
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Crest Nicholson Sees FY24 Adj PBT At Lower End Of Guidance Range

BRIEF-Crest Nicholson Sees FY24 Adj PBT At Lower End Of Guidance Range Nov 20 (Reuters) - Crest Nicholson Holdings PLC CRST.L : CREST NICHOLSON HDGS - FY24 IN LINE WITH GUIDANCE CREST NICHOLSON HOLDINGS PLC - FY24 OPEN MARKET SALES RATE AT 0.48, LAST 10 WEEKS AT 0.53 CREST NICHOLSON - WILL FOCUS MORE ON PRIVATE SALES AND PRIORITISE VALUE OVER VOLUM
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UK homebuilder Crest Nicholson sees profit dip amid margin pressure

UK homebuilder Crest Nicholson sees profit dip amid margin pressure Nov 20 (Reuters) - British homebuilder Crest Nicholson CRST.L said on Wednesday it expects annual profit to be at the lower end of its previous forecast range, partly hurt by the higher proportion of low-margin affordable homes delivered in the year. The company, which has struggled with operational problems and low operating margins, forecast adjusted pre-tax profit to be at the bottom end of its 22 million pounds to 29 million
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Imperial Brands, Morgan Sindall, WH Smith

EUROPE RESEARCH ROUNDUP-Imperial Brands, Morgan Sindall, WH Smith Nov 20 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Imperial Brands, Morgan Sindall and WH Smith on Wednesday. HIGHLIGHTS * Ashtead Group Plc AHT.L : Panmure Liberum raises PT to 6900p from 6333p * Genuit Group Plc GENG.L : RBC cuts target price to 505p from 515p * Imperial Brands IMB.L : RBC raises target price to 2,100p from 2,000p * Morgan Sindall MGNS.L : Panmu
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UK homebuilders fall as traders trim rate-cut bets after budget

BUZZ-UK homebuilders fall as traders trim rate-cut bets after budget ** Shares of UK homebuilders .FTNMX402020 down 1.8% at 13,241 pence ** Higher inflation fuelled by Britain's new big-spending budget plans is likely to prevent the Bank of England from cutting interest rates over the next year by as much as investors had expected ** UK homebuilder
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Pubs, bookies and builders drive budget bounce for UK mid-caps

UPDATE 1-Pubs, bookies and builders drive budget bounce for UK mid-caps Mid-cap stocks outperformed blue-chip index despite new tax rises Small cap stocks saw a significant boost, led by AIM index Banks, homebuilders, betting companies, and pubs benefited from budget measures Updates with comments, budget details; refreshes prices at 1522 GMT By Lucy Raitano LONDON, Oct 30 (Reuters) - UK mid cap stocks enjoyed a lift on Wednesday as market players deemed the new Labour government's first UK budg
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UK homebuilders rise after UK finance minister unveils over 5 bln pound housing investment

BUZZ-UK homebuilders rise after UK finance minister unveils over 5 bln pound housing investment Updates ** Shares of UK housebuilders .FTNMX402020 rise 3.5%; set for biggest one-day rise since May * * Britain to provide over 5 bln pounds ($6.48 bln) of housing investment, says finance minister Rachel Reeves in the first budget under the new Labour
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UK homebuilders rise; finance minister delivers autumn budget speech

BUZZ-UK homebuilders rise; finance minister delivers autumn budget speech ** Shares of UK housebuilders .FTNMX402020 rise as much as 2.1 %; finance minister delivers autumn budget ** Britain's economy is forecast to grow by 2.0% next year, finance minister Rachel Reeves says in the autumn budget speech, citing the latest projections from the Office
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Adecco, Bodycote, LVMH

EUROPE RESEARCH ROUNDUP-Adecco, Bodycote, LVMH Oct 23 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adecco, Bodycote and LVMH, on Wednesday. HIGHLIGHTS * Adecco ADEN.S : Deutsche Bank raises to buy from hold * Bodycote Plc BOY.L : JP Morgan cuts target price to 670p from 750p * DNB Bank ASA DNB.OL : JP Morgan raises target price to NOK 230 from NOK 220 * Fabege AB FABG.ST : Kepler Cheuvreux raises to buy from hold * LVMH LVMH.PA
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Housebuilders fall on media report UK will not extend stamp duty threshold hike

BUZZ-Housebuilders fall on media report UK will not extend stamp duty threshold hike ** UK housebuilders' index .FTNMX402020 falls 2%, with all constituents in the red ** UK Chancellor Rachel Reeves will not extend increase in stamp duty threshold in the impending budget, according to a report by The Times published on Thursday after market ** The property tax benefit, introduced by the Tories, is slated to end in March next year, adding about 2,500 pounds ($3,261.50) to the average home purchas
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UK homebuilders gain as sharp fall in inflation spurs rate cut hopes

BUZZ-UK homebuilders gain as sharp fall in inflation spurs rate cut hopes ** Shares of UK housebuilders .FTNMX402020 rise 2.2%, after data showed that British inflation dropped sharply last month and key price gauges watched by the Bank of England fell, bolstering bets for an interest rate cut next month ** The rate of annual consumer price inflati
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UK homebuilders rise as cooling UK jobs market keeps BoE rate cut on track

BUZZ-UK homebuilders rise as cooling UK jobs market keeps BoE rate cut on track ** Shares of UK housebuilders .FTNMX402020 rise 2.2%, after official data showed that British pay grew at its slowest pace in more than two years in the three months to August and vacancies fell again, keeping Bank of England's (BoE) rate cut on track ** Britain's centr
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Tax hike fears prompt UK homebuyers to hold off, Bellway CEO says

UPDATE 3-Tax hike fears prompt UK homebuyers to hold off, Bellway CEO says FY24 PBT down 58% at 226 mln stg vs market view of 218.8 mln stg Weekly private reservation rate up 49% in first 9 weeks of FY25 Shares up 7.4%; stock tops FTSE 250 gains Recasts, adds CEO comment in paragraphs 2 and 5, updates share move in paragraph 3 By Aby Jose Koilparambil Oct 15 (Reuters) - Homebuyers, unnerved by the possibility of tax increases ahead of the UK budget, are delaying the decision to purchase, Bellway
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ArcelorMittal, Barratt Redrow, Croda

EUROPE RESEARCH ROUNDUP-ArcelorMittal, Barratt Redrow, Croda Oct 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ArcelorMittal , Barratt Redrow and Croda on Friday. HIGHLIGHTS * ArcelorMittal SA MT.AS : JP Morgan cuts to neutral from overweight * Barratt Redrow Plc BTRW.L : Citigroup cuts target price to 600p from 615p * Croda CRDA.L : JP Morgan cuts target price to 3875p from 4200p * Jet2 Plc JET2.L : Morgan Stanley raises targe
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FTSE 100 slips to one-month low as miners fall after China boost fades

UPDATE 1-FTSE 100 slips to one-month low as miners fall after China boost fades For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Updated at 1550 GMT Vistry plunges after lowering annual profit forecast Imperial Brands jumps on bumper growth forecast FTSE 100 down 1.4%, FTSE 250 off 1.1% By Shubham Batra Oct 8 (Reuters) - Britain's benchmark FTSE 100 recorded its worst day in two months on Tuesday led by losses in miners after China refrai
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UK homebuilder Vistry plunges after lowering annual profit forecast

BUZZ-UK homebuilder Vistry plunges after lowering annual profit forecast Updates ** Shares of British homebuilder Vistry VTYV.L plunge as much as 36.3% to 811p , top loser on benchmark FTSE 100 .FTSE ** Shares hit lowest level since December 2023 ** C o cuts FY24 profit forecast by 80 mln pounds ($104.6 mln), hurt by higher build costs in one of its divisions ** Now sees adjusted profit before tax for year ending Dec.
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UK homebuilders rise after BoE's Bailey hints at faster rate cuts

BUZZ-UK homebuilders rise after BoE's Bailey hints at faster rate cuts ** Shares of UK housebuilders .FTNMX402020 rise 1.4%, after Bank of England Governor Andrew Bailey said the central could move more aggressively to cut interest rates if there is further good news on inflation ** Bailey says there was a chance that the BoE could become "a bit mo
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British Business - Sept 9

PRESS DIGEST-British Business - Sept 9 Sept 9 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Housebuilder Bellway BWY.L pulled out of its 720 million pound ($945.58 million) takeover of Crest Nicholson over concerns about its smaller rival's ballooning bill to fix dangerous cladding after the Grenfell Tower tragedy.
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