Investments and investor services
FTSE 100 closes Friday higher and gains on week as investor growth fears ease
The footsie closed up nearly 43 points at 7,228, while FTSE 250 gained almost 208 points at 19,491
Company
Berkeley Group Holdings PLC
LON:BKG
The Berkeley Group Holdings PLC builds homes and neighbourhoods across London, Birmingham and the South of England. The company revives underused land, creating welcoming, sustainable and nature-rich places where communities thrive and where people of all ages and backgrounds enjoy a great quality of life.
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Archive
JD Wetherspoon set to count cost of recent wage hike in Friday’s interims
Profits at the no-frills pub chain are set to fall in the first six months of its financial year, as bosses were forced to hike wages back in November, which will more than offset rising sales
Archive
Shifting supermarket landscape the focus with first-half results from Morrison's
Aside from Morrison's, the Week Ahead will also bring updates from housebuilder Berkeley Group, insurer Prudential and fund manager Standard Life Aberdeen
End of Help to Buy could spell disaster for Persimmon and other housebuilders
More than 190,000 people have used Help to Buy since the programme was launched in 2013, government data revealed on Tuesday
Investments and investor services
FTSE 100 closes higher but only just as sentiment boosted by trade progress
The UK blue-chip index finished around five points ahead at 7,183
Investments and investor services
FTSE 100 joins the decline in global equities to close lower
There is not a lot of earnings news on either side of the Atlantic to drive markets higher
Builders and building materials
Crest Nicholson weak as Redburn downgrades in otherwise positive UK housebuilding review
Redburn’s analysts said: “Popular commentary continues to paint the UK housing market as weak, but we view activity as remarkably resilient considering Brexit uncertainties"
Investments and investor services
FTSE 100 closes higher as attention focuses on House of Commons vote
FTSE 100 closed 40 points higher at 6,895, while the mid-cap FTSE 250 closed around 12 up at 18,429.
Investments and investor services
FTSE 100 closes lower as Chinese data and Brexit weighs
Footsie closed down over 63 points at 6,855 on the day
Investments and investor services
FTSE 100 closes in red but nudges higher on the week; housebuilders gain on day
The UK blue-chip benchmark closed down around 24 points at 6,918, while FTSE 250 added nearly 107 points on the day
FTSE 100 closes in the red as Federal Reserve's rate hike creates jitters
"Investors aren’t willing to forgive Fed Chair Jeremy Powell yet; a soft open on Wall Street threatens to drag the FTSE lower into the close," said Fiona Cincotta at City Index
Archive
Bank of England unlikely to follow Fed rate hike lead after last monetary policy meeting of 2019
Recent weak economic data, a general malaise on Brexit and the febrile political environment is now likely to lead to UK policymakers to take more of a ‘wait and see’ approach
Archive
FTSE 100 closes lower as US sinks with Santa rally looking a vague memory
At the close, the FTSE 100 was down 71.93 points, or 1.1% at 6,773.24, just above the session low of 6,761.37 and well below the early high of 6,845.17.
Builders and building materials
Analysts can’t make their mind up about housebuilders
UBS and Shore Capital both acknowledge that trading is likely to get tougher for housebuilders but they also reckon that the market has knocked a bit too much off their share prices
Builders and building materials
Peel Hunt thinks Brexit uncertainty will stop house prices from rising in 2019
The City broker has slashed price targets for almost every UK housebuilder, while it has also downgraded a handful of companies in the sector
Berkeley raises profit guidance after "resilient" start to the year amid housing market slowdown
The company said the London and south-east property market “lacks urgency” and demand has been constrained by macroeconomic uncertainties as Brexit looms
Investments and investor services
FTSE 100 closes higher on day after dreadful week for European benchmarks
"A collective sigh of relief was felt across Oil markets after OPEC+ delegates successfully reached an agreement to cut production by 1.2 million barrels per day," said Lukman Otunuga at FXTM
Archive
Berkeley to report drop in first-half earnings amid housing market slowdown
The day ahead includes interim results from Berkeley Group and the US non-farm payrolls report, while conditional dealings for AJ Bell's London IPO are due to begin
Builders and building materials
Liberum upgrades three housebuilders to 'Buy' as it sees upside from smooth Brexit outweigh no-deal risks
In a note to clients, the broker upgraded Barratt, Bovis Homes, and Crest Nicholson to ‘Buy’ from ‘Hold’ off what it said was an upside of “at least 20%” if a smooth Brexit materialised
FTSE 100 clings on to triple-digit gain
The Footsie looked destined to finish well off the top but still sporting a handsome gain following a weekend of deals at the G20 and Opec meetings