Fund managers and housing stocks plunge in wake of Standard Life property fund suspension
Investors won’t be able to buy or sell units in the fund until further notice. The managers are looking to raise cash by selling off some of the portfolio.
Company
Bellway PLC
LON:BWY
Bellway PLC is a holding company. The Company, through its subsidiaries, is engaged principally in house building in the United Kingdom. The Company is a volume house builder selling primarily in the private market and trading nationally in areas of high population. It also acquires and sells second hand homes taken in part exchange.
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Archive
Deutsche takes the axe to staffing stocks
The broker moves both recruiters Hays PLC and Michael Page International to 'sell' from 'hold'.
PREVIEW - Sainsbury's investors warned on difficult second half
The bank says the stock appears affected by downward momentum as underlying sales are falling at a crucial time.
Investments and investor services
Deutsche Bank downgrades Standard Chartered
Deutsche analyst David Lock said Tuesday’s share price rally was not justified by the bank’s revenue outlook or forecasts through to 2018 – Weir Group Plc, Cobham Plc and the UK house builders were also in the broker spotlight.
Investments and investor services
Risers & Fallers: Argos Resources, Eden Research, Hardide, Inspiration Health., Kromek, MirLand
Eden Research raises a glass to the Spanish authorities for green-lighting its wine grape protection product.
Builders and building materials
Bellway hikes house prices 17% in latest half
The group sold 4,188 (3,754) houses and flats in the six months to January
Week ahead, including Randgold Resources, Thomas Cook, ARM and Rolls
A look at next week's agenda, and there are some big names reporting...
Week ahead, including Randgold Resources, Thomas Cook, ARM and Rolls
A look at next week's agenda, and there are some big names reporting...
Week ahead, including Randgold Resources, Thomas Cook, ARM and Rolls
A look at next week's agenda, and there are some big names reporting...
Week ahead, including Randgold Resources, Thomas Cook, ARM and Rolls
A look at next week's agenda, and there are some big names reporting...
FTSE100 drops; Ncondezi bucks mining's downward trend
All the large cap miners fell into the red on Friday
Friday's agenda: Bellway to keep going like the clappers
Trading statements are expected from Bellway and Polar Capital.
Week Ahead: MPC unlikely to rock the boat
The Bank of England's Monetary Policy Committee is expected to leave its base rate unchanged; the question is, how many committee members will vote for change?
Thursday's agenda: ECB tipped to cut interest rates
Analysts expect the European Central Bank (ECB) to cut the eurozone's cost of borrowing
Week ahead: OPEC unlikely to offer much relief
Next week, the Organization of the Petroleum Exporting Countries (OPEC) will meet.
Archive
Shire acquisition divides opinions
Companies covered: William Hill, Paddy Power, house builders, Shire, Standard Chartered, Ryanair
Archive
Housebuilders still on firm foundations - JP Morgan
If there is a housing market downturn on the cards, broker heavyweight JP Morgan Cazenove by certainly doesn't see it...