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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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UK's Barratt Redrow sees stable housing market with better mortgage availability

UPDATE 3-UK's Barratt Redrow sees stable housing market with better mortgage availability Group sees 90 mln stg in cost efficiencies from Redrow acquisition Group private bookings rate up 37% y/y in Aug. 22-Oct. 13 period Adds share move in paragraph 2, analyst comment in para 8, CEO in para 9 By Aby Jose Koilparambil Oct 23 (Reuters) - British homebuilder Barratt Redrow BTRW.L said on Wednesday it was beginning to see more stable market conditions with increased mortgage affordability, signalli
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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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Adidas, Bellway, Nestle

EUROPE RESEARCH ROUNDUP- Adidas, Bellway, Nestle Oct 18 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Adidas, Bellway, and Nestle, on Friday. HIGHLIGHTS * Adidas AG ADSGn.DE : Baader Helvea raises to add from reduce * Bellway Plc BWY.L : Peel Hunt cuts to hold from add * Danone DANO.PA : Morgan Stanley cuts to equal weight from overweight * Greencore GNC.L : Deutsche Bank raises to hold from sell * Nestle SA NESN.S : Jefferies cut
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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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Adidas AG, Covivio SA, L'Oreal

EUROPE RESEARCH ROUNDUP-Adidas AG, Covivio SA, L'Oreal Oct 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Adidas AG, Covivio SA and L'Oreal, on Wednesday. HIGHLIGHTS * Adidas AG ADSGn.DE : RBC raises target price to EUR 265 from EUR 260 * Covivio SA CVO.PA : JP Morgan raises to overweight from neutral * L'Oreal OREP.PA : JP Morgan cuts to underweight from neutral * OCI NV OCI.AS : JP Morgan cuts to neutral from overweight * Wizz
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London's FTSE 100 dips as oil, mining stocks slide

UPDATE 1-London's FTSE 100 dips as oil, mining stocks slide FTSE 100 down 0.5%; FTMC 250 off 0.1% British unemployment rate down to 4% from 4.1% Bellway up after upbeat 2025 forecast Updated at 1621 GMT By Pranav Kashyap and Sruthi Shankar Oct 15 (Reuters) - Britain's FTSE 100 fell on Tuesday, as a plunge in commodity prices knocked heavyweight oil and mining stocks lower, while a mixed labour market data put the Bank of England on track to cut interest rates next month.
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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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Tech stocks hurt STOXX 600, ASML logs biggest one-day drop in 26 years

UPDATE 2-Tech stocks hurt STOXX 600, ASML logs biggest one-day drop in 26 years For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. INSEE: French inflation slowed more than expected in Sept. Energy shares hit multi-week lows Ericsson climbs after Q3 core profit beat Deutsche Bank falls after Goldman carries out stock sale Updated at 1600 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 15 (Reuters) - European shares posted their
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UK's Bellway tops FTSE 250 on upbeat forecast, annual profit beat

BUZZ-UK's Bellway tops FTSE 250 on upbeat forecast, annual profit beat ** Shares of UK's Bellway BWY.L rise 8.3% to 3,306p, their highest level since January 2022, stock top pct gainer on FTSE 250 .FTMC ** British homebuilder says it expects to construct at least 11% more homes in 2025 financial year compared to previous 12 months ** Posts FY under
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Bodycote, Natwest Group, TAG Immobilien

EUROPE RESEARCH ROUNDUP-Bodycote, Natwest Group, TAG Immobilien Oct 15 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bodycote, Natwest Group and TAG Immobilien, on Tuesday. HIGHLIGHTS * Bodycote Plc BOY.L : RBC raises to outperform from sector perform * Delivery Hero SE DHER.DE : Citigroup cuts to neutral from buy * Natwest Group Plc NWG.L : Jefferies raises to buy from underperform * Paragon Banking PAGPA.L : Jefferies cuts to h
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UK Stocks-Factors to watch on Oct 15

UPDATE 1-UK Stocks-Factors to watch on Oct 15 Adds new items, updates futures Oct 15 - Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 0.3%. * DE LA RUE: British banknote printer De La Rue DLAR.L said it would sell its authentication business for 300 million pounds ($391.56 million), including debt, to industrial technology firm Crane NXT CXT.N .
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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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UK homebuilder Bellway upbeat on FY25 homebuild targets

UK homebuilder Bellway upbeat on FY25 homebuild targets Oct 15 (Reuters) - British homebuilder Bellway BWY.L said on Tuesday it expects to build more homes in the 2025 financial year than in the last fiscal, buoyed by prospects of further reductions in borrowing costs, after it reported an about 58% drop in annual profit. The FTSE 250 .FTMC company, which builds everything from one-bedroom apartments to six-bedroom family homes and luxury penthouses, said its underlying pre-tax profit was 226.1
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UK Stocks-Factors to watch on Oct 15

UK Stocks-Factors to watch on Oct 15 Oct 15 - Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 0.48%. * HSBC: HSBC Holdings Plc HSBA.L is reviewing expenses and operational controls at its China digital wealth business Pinnacle, in a move that could result in layoffs and mark an abrupt reversal of the lender's ambition for the unit, several sources said.
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Top of the Street: UK housebuilders, Aena, CTS Eventim

BUZZ-Top of the Street: UK housebuilders, Aena, CTS Eventim A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Stifel says British housing market continues to improve, which should underpin rising house prices, unit completions and margins for the UK housebuilders ** It upgrades Barratt Redrow BTRW.L to "buy" from "hold" after recent underperformance, expecting news around Redrow acquisition to turn positive as the company would beat synergy targets ** The
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Europe's STOXX 600 corporate earnings week ahead

DIARY-Europe's STOXX 600 corporate earnings week ahead Oct 11 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 15-Oct-2024 BMO BWY.L Bellway PLC Full Year 2024 Bellway PLC Earnings Release 15-Oct-2024 05:00 ERICb.ST Telefonaktiebolaget LM Ericsson Q3 2024 Telefonaktiebolaget LM Ericsson Earnings Release 16-Oct-2024 AMC GFCP.PA Gecina SA Q3 2024 Gecina SA Earnings Release 16-Oc
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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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Bellway Names Shane Doherty As CFO

BRIEF-Bellway Names Shane Doherty As CFO Oct 11 (Reuters) - Bellway PLC BWY.L : DIRECTORATE CHANGE APPOINTS SHANE DOHERTY AS CFO RETIREMENT OF GROUP FINANCE DIRECTOR AND APPOINTMENT OF CHIEF FINANCIAL OFFICER APPOINTMENT OF SHANE DOHERTY AS CHIEF FINANCIAL OFFICER. KEITH ADEY TO STEP DOWN AS GROUP FINANCE DIRECTOR ON DEC 1, 2024 Source text for Eik
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