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Persimmon


Haberler

Banco, Shell, WH Smith

EUROPE RESEARCH ROUNDUP-Banco, Shell, WH Smith Sept 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Banco, Shell and WH Smith on Thursday. HIGHLIGHTS * ABN Amro Bank NV ABNd.AS : JP Morgan raises to neutral from underweight * Banco Bpm BAMI.MI : JP Morgan raises to neutral from underweight * Shell Plc SHEL.L : Berenberg cuts target price to 3,100p from 3,400p * UMG UMG.AS : Citigroup cuts target price to EUR 26 from EUR 29.50 *
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British Business - Sept 5

PRESS DIGEST-British Business - Sept 5 Sept 5 (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 - Swedish automaker Volvo Cars VOLCARb.ST scrapped its target of going all electric by 2030 on Wednesday, saying it now expected to still be offering some hybrid models in its lineup at that time.
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UK homebuilder Barratt sees return to profit growth by 2026

UPDATE 2-UK homebuilder Barratt sees return to profit growth by 2026 FY adj PBT 385 mln stg vs market view of 365 mln stg July 1-Aug. 25 reservation rate 0.58 units vs 0.42 year ago Shares in FTSE 100 builder down 2.3% in morning trade Rewrites through, adds CEO comment in paragraphs 1, 2 and 5, sector context in paragraphs 3 and 4, analysts' comment in paragraph 8 By Aby Jose Koilparambil Sept 4 (Reuters) - British homebuilder Barratt BDEV.L posted a smaller-than-expected decline in annual prof
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UK homebuilders Barratt, Vistry set to underline recovery path

PREVIEW-UK homebuilders Barratt, Vistry set to underline recovery path By Aby Jose Koilparambil Sept 3 (Reuters) - Top UK homebuilders Vistry VTYV.L and Barratt BDEV.L will likely strike a cautiously optimistic tone on demand recovery when they report earnings this week as interest rates ease and government policy reforms take shape. The homebuilders are expected to benefit from increased affordability due to declining mortgage rates and volume growth from the new Labour government's push to del
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UK’s housing mess requires costly fix

BREAKINGVIEWS-UK’s housing mess requires costly fix The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Aug 29 (Reuters Breakingviews) - Fixing the UK’s housing mess will require some government firepower. Prime Minister Keir Starmer has pledged to boost the supply of cheap homes and shake up planning laws.
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UK homebuilders rise as inflation data boosts rate cut hopes

BUZZ-UK homebuilders rise as inflation data boosts rate cut hopes ** Shares of UK housebuilders .FTNMX402020 rise 1.8% as inflation picks up less than expected, boosting rate cut bets ** British consumer price inflation increased for the first time this year in July but remained smaller than expected due to a slow rise in services prices ** Crest N
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UK homebuilder Bellway scraps bid for Crest Nicholson

UPDATE 3-UK homebuilder Bellway scraps bid for Crest Nicholson Crest shares fall 19%; Bellway stock gains 4% Bellway does not cite reason for walking away Crest says it is confident about its standalone prospects Updates share move in paragraph 3, adds analyst comments in 5-6 and 9 By Aby Jose Koilparambil Aug 13 (Reuters) - British homebuilder Bellway BWY.L has unexpectedly dropped its 720 million pound ($921 million) bid to buy smaller peer Crest Nicholson CRST.L , sending Crest's shares almos
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Bellway sees brighter UK housing market after revenue beat

UPDATE 3-UK homebuilders boosted by rate cut and promise of planning reforms Adds analyst comment By Aby Jose Koilparambil Aug 9 (Reuters) - Homebuilder Bellway BWY.L joined larger rivals on Friday in offering an upbeat assessment of the sector's prospects after the Bank of England cut its benchmark lending rate and the new Labour government promised planning reforms.
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That unwind feeling

LIVE MARKETS-That unwind feeling STOXX 600 down 1.1% Volatility above 23 Banks, tech down Some UK earnings please Nasdaq futures fall Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com THAT UNWIND FEELING European shares got off to a lower start on Thursday, bringing about the feeling that the yen carry trade unwind is not over yet.
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UK Stocks-Factors to watch on August 8

UPDATE 1-UK Stocks-Factors to watch on August 8 Adds new items, updates futures Aug 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Thursday, with futures FFIc1 down 0.3%. * BARRATT-REDROW DEAL: UK's competition regulator said its phase 1 review into homebuilder Barratt's BDEV.L 2.52 billion pound ($3.21 billion) all-stock deal to buy smaller rival Redrow RDW.L had raised concerns in the local area around a Barratt development.
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Down (slightly) we go again...

LIVE MARKETS-Down (slightly) we go again... Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com DOWN (SLIGHTLY) WE GO AGAIN... European futures were pointing to a weaker start on Thursday after a late reversal into the red on Wall Street that suggested traders were keen to sell into rallies before markets properly settle, following this month's volatility spike.
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UK's Persimmon upbeat on 2024 housebuilding targets amid sector rebound hopes

UPDATE 3-UK's Persimmon upbeat on 2024 housebuilding targets amid sector rebound hopes Targets to build around 10,500 homes in FY24 Half-year pre-tax profit falls to 146.3 mln pounds Adds share move in paragraph 6, analysts' comments in paragraph 7 Aug 8 (Reuters) - Britain's Persimmon PSN.L expects to build at the top end of its annual housebuilding target in 2024 as easing mortgage rates and a UK rate cut spur recovery hopes in the sector, it said on Thursday after posting a 3% drop in interim
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UK's Persimmon upbeat on homebuild targets amid rebound hopes

UK's Persimmon upbeat on homebuild targets amid rebound hopes Aug 8 (Reuters) - UK's Persimmon PSN.L posted a drop in interim pre-tax profit on Thursday, but forecast annual homebuild target at the top-end of its forecast range, as easing mortgage rates and UK rate cuts boost recovery hopes in the homebuilding sector. Reporting by Aby Jose Koilpara
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UK Stocks-Factors to watch on August 8

UK Stocks-Factors to watch on August 8 Aug 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Thursday, with futures FFIc1 down 0.5%. * GSK: The third trial over claims that discontinued heartburn drug Zantac ended in a mistrial when jurors could not agree about whether pharmaceutical company Boehringer Ingelheim was responsible for an Illinois man's cancer.
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UK homebuilders gain on upbeat house price data

BUZZ-UK homebuilders gain on upbeat house price data ** The UK housebuilders' .FTNMX402020 index rises 1.5% after figures from mortgage lender Halifax showed British house prices rose by the most in six months in July, suggesting fresh momentum in the property market ** House prices increased by an annual 2.3%, the biggest yearly increase since Jan
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UK corporate earnings week ahead

DIARY-UK corporate earnings week ahead Aug 2 (Reuters) - Diary of U.K (.FTSE) corporate earnings for the week ahead UK EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 06-Aug-2024 06:00 IHG.L InterContinental Hotels Group PLC Half Year 2024 InterContinental Hotels Group PLC Earnings Release 07-Aug-2024 06:00 GLEN.L Glencore PLC Half Year 2024 Glencore PLC Earnings Release 07-Aug-2024 06:00 CCH.L Coca Cola HBC AG Half Year 2024 Coca Cola HBC AG Earnings Release 08-Aug-2024 NTS HIK
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UK property, housing stocks gain as Bank of England cut rates

BUZZ-UK property, housing stocks gain as Bank of England cut rates ** The FTSE Real Estate index .FTUB3510 , which includes commercial property firms and real estate investment trusts (REITs), gains 1.7% ** UK homebuilders' index .FTNMX402020 rises 1.2% ** Shares of UK real estate firms gain after the Bank of England cut interest rates from a 16-year high following a narrow vote in favour from policymakers divided over whether inflation pressures had eased sufficiently ** Top landlord Landsec LA
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Crest Nicholson likely to agree merger with Bellway to create $5 bln UK homebuilder

CORRECTED-UPDATE 3-Crest Nicholson likely to agree merger with Bellway to create $5 bln UK homebuilder Corrects to read 720 million pounds (not 701.4 million pounds), in paragraph 1 July 10 (Reuters) - British homebuilder Crest Nicholson CRST.L said on Wednesday it may recommend to its shareholders a sweetened 720 million pound ($922.1 million) all-share takeover deal from bigger rival Bellway BWY.L if the latter comes up with a firm offer.
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UK's Barratt flags up to 7% drop in 2025 homebuilding targets amid tough market

UPDATE 3-UK's Barratt flags up to 7% drop in 2025 homebuilding targets amid tough market Shares down 3%; stock top pct loser on FTSE 100 index Barratt sees FY25 homebuild target of 13,000-13,500 units Co expects reduction in average outlets in FY25 Updates share move in paragraph 2, adds analyst comment in paragraph 8, adds chart on home completions By Aby Jose Koilparambil July 10 (Reuters) - Britain's Barratt Developments BDEV.L expects its homebuilding targets for fiscal 2025 to drop by up to
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Crest Nicholson won't enter talks on merger proposal from Avant Homes

UPDATE 2-Crest Nicholson won't enter talks on merger proposal from Avant Homes Adds details, background July 5 (Reuters) - British homebuilder Crest Nicholson CRST.L said on Friday it had received a merger proposal from Elliott-backed Avant Homes but added it wouldn't enter talks while it is in an offer period following Bellway's takeover bid last month.
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