Investments and investor services
FTSE 100 closes higher despite continued trade fears
China has pledged to spend more on infrastructure to offset any downturn caused by Trump’s trade tariffs
Company
Crest Nicholson PLC
LON:CRST
Crest Nicholson is a leading residential developer operating in the Southern half of England with an emphasis on creating well designed homes in sustainable communities. The Group has a wide product range, varying from homes for first time buyers through to large family homes, and includes a mixture of houses, apartments and supporting commercial premises as part of its larger developments. The Group, which has established a brand over 50 years also has a history of 39 years’ on the Official List and trading on the London Stock Exchange’s main market between 1968 and 2007. The Group re-listed on the London Stock Exchange in 2013.
138 stories · page 4 of 7
Archive
Cost pressures to be a key factor in updates from housebuilders Bellway and Crest Nicholson
The Day Ahead also brings updates from FTSE 100-listed smoke detector firm Halma and new and used car retailer Motorpoint Group, plus the latest UK jobs data
Archive
Tesco to provide the nibbles as the markets continue to eye US trade and Tory leadership battles
Aide from Tesco's latest update, a number of lesser-known blue chip firms will also report in the Week Ahead including British American Tobacco, Ferguson, DS Smith, and Halma
Intu turns to former Crest Nicholson man to fill CFO role
Robert Allen left Crest Nicholson last year when the housebuilder issued a profit warning.
Builders and building materials
Crest Nicholson maintains full-year guidance after 'resilient' first-half
“Improved forward sales in residential, commercial and land, and increased outlet breadth, provide a good platform as we enter into the second half of 2019," said chief executive Chris Tinker.
Stobart names Speedy Hire's David Shearer as new chairman
The former accountant previously chaired infrastructure specialist Mouchel Group and builder Crest Nicholson
Archive
FTSE 100 closes higher as Trump trade fears ease
The mid-cap FTSE 250 was also a shade higher - adding around two points at 19,369
Archive
More turbulence likely from first-half numbers from travel firm TUI on Wednesday
Aside from the TUI numbers, blue-chip firms including DIY stores group Kingfisher, contract caterer Compass Group and credit checking firm Experian will also issue updates on Wednesday
Galliford Try shares crumble on huge profit warning
The housebuilder is writing down the value of some of its big construction contracts, including the Queensferry Crossing, which has run well over budget
Absence of provisions makes Bellway stand out from rival UK housebuliders
Many UK housebuilders have had to put aside money to tackle issues such as poorly built homes and Grenfell Tower-style cladding
Persimmon and Barratt Developments among those flying higher after a triple dose of good news for the builders
A raft of broker upgrades, some Brexit cheer and the strong performance of one of the sector's minor players helped boost sentiment
Crest Nicholson surges as it nabs Galliford Try's chief executive officer
The managerial merry-go-round does another circuit. Expect a bit of comment in the press about directors' remuneration.
Archive
FTSE 100 closes higher as global growth fears ease, but Carnival shares sink
The UK's premier index closed up nearly 19 points at 7,169, while FTSE 250 added over 96 at 8,896
Builders and building materials
Crest Nicholson drops as JPMorgan Cazenove cuts its target price in sector review, noting near 20% rise in year-to-date
The US bank has reduced its target for the FTSE 250-listed firm to 400p from 440p, albeit with the stock currently trading at 354.20p, down 8.9% on Wednesday’s close
Builders and building materials
Crest Nicolson appoints Sainsbury executive as new group finance director
Duncan Cooper, the director of group finance at Sainsbury’s, will replace Robert Allen, who left the company in October 2018 following a profit warning
Builders and building materials
Barratt and Bovis knocked to ‘Hold’ by Liberum on valuation grounds, says no-deal Brexit discounting “no longer the case”
In a note on UK housebuilders, analysts said the shares had risen around 20% from lows in December, and now the risk/reward had become “less favourable”
Crest Nicholson still struggling in London but says build cost inflation has moderated
Management has changed tack. It will now shift its focus from growth towards greater cash generation, with a strong emphasis on partnering to deliver more homes
Investments and investor services
FTSE 100 closes higher; British American Tobacco lights up
The UK's blue-chip benchmark finished over 86 points higher at 6,833, while FTSE 250 closed nearly 168 points higher
Archive
Royal Mail update expected to delivery another decline; second Brexit parliamentary vote key
Aside from the Royal Mail update, investors will also have an eye on news from Hargreaves Lansdown, Crest Nicholson and Domino's Pizza
Archive
Quality and quantity on the company news front, but Brexit vote, Fed rates, US jobs to be key
The cream of the corporate updates will likely come from blue-chips BT Group, Royal Mail, Royal Dutch Shell, Unilever and Diageo