Redrow (RDW)

Sentiment towards UK stocks has dramatically improved since the December general election vote result, as evidenced by widespread gains among UK-focused funds and investment trusts. FE Fundinfo data mined by Shares shows the most obvious open-ended fund beneficiaries of the ‘Boris Bounce’ from across the IA UK Equity Income, IA UK All Companies and IA UK Smaller Companies sectors have been ...

Improved prospects for the housebuilding sector driven by more clarity on Brexit means it is time to buy Redrow (RDW) which has quality earnings and a strong cash position. The landslide victory for the Conservatives in the 12 December General Election has created a measure of political certainty, in the short-term at least, which should be supportive to the housing market. This should ...

Begbies Traynor (BEG:AIM) Insolvency specialist and property services company Begbies Traynor (BEG:AIM) derives two thirds of its revenue from activities which are counter-cyclical, which means that in any future slowdown or even recession the business will see rising demand for its insolvency services. The company’s shares therefore provide a compelling hedge against future ...

The recent backtracking by emerging markets-focused bank Standard Chartered (STAN) on executive pay shows the impact shareholder pressure can have on this issue and puts the spotlight on other companies which have faced significant pay revolts. Nearly 40% of the shareholder base failed to back the remuneration policy at Standard Chartered at its annual investor meeting in May. This followed a ...

UK stocks trod water on Wednesday with the FTSE 100 index of leading stocks drifting back 12 points or 0.2% to 7.372. High-street stalwart Marks & Spencer (MKS) was the star of the show after it unwrapped half-year results which showed the Food business beating the market with 0.9% like-for-like growth against forecasts of a 0.3% increase. While Clothing & Home posted lower ...

Housebuilder Berkeley Group (BKG) released a trading update for the period 1 May to 31 August, saying that market conditions in London and the South East remained ‘robust’ and consistent with those reported in the full year results in June. The market was relieved that conditions weren’t deteriorating and pushed the shares up 1.5% to £39.32. While the company sees good underlying demand ...

House-builders were on the front foot today following a reassuring update from Berkeley Group (BKG) which followed yesterday’s positive update from Redrow (RDW). Utilities and financials were the main drag on the index, with the FTSE 100 off just seven points at 7,268 while the FTSE 250 was off five points at 19,944. Markets were generally quiet, awaiting the US non-farm payrolls ...

In the battle of the housebuilders reporting their full year results this week, Redrow (RDW) appears to have come out on top. Like its rival Barratt Developments (BDEV), the firm has reported record pre-tax profit, and has also reported record revenue. But unlike Barratt, Redrow’s shares opened 2% higher at 579p on the back of its results, while Barratt shares fell 3.4% to 600p yesterday ...

The FTSE 100 opens marginally lower at 7,304 on Thursday after the Prime Minister was boxed in by Parliament overnight. MPs from both sides blocked both a no-deal Brexit and a call for a snap election. In addition a number of stocks are trading ex-dividend today, dragging on the index. After the close last night FTSE Russell announced its quarterly index review, making three changes to the FTSE ...

UK shares opened firmer on Wednesday despite further political uncertainty after MPs voted against the Government last night, prompting fears that the prime minister would seek a snap general election under the Fixed-Term Parliaments Act. The FTSE 100 index gains 0.6% to 7,312 with banks, insurers, miners, oils and retailers contributing positively. Among the banks, index heavy-weight HSBC ...

UK housebuilding will be thrust into the spotlight this week as three heavyweights report their results, while we’ll also get a better insight into what house prices might be like after Brexit. Barratt Developments (BDEV) announces its full year results on Wednesday, with Redrow (RDW) announcing it full year numbers on Thursday and Berkeley Group (BKG) giving a trading update on ...

Dividends are a big reason people invest in shares. The prospect of securing a juicy yield on your money is an appealing one. And with the FTSE 100 paying a prospective dividend yield close to 5%, the income attractions of UK stocks have rarely been more evident. But buyer beware, these dividends are not set in stone, and you need to do your homework to ensure you are not caught out by a ...

UK stocks are drifting into mid-week with the FTSE 100 index down 0.3% to 7,157 on weakness in banks, healthcare and utilities, while construction stocks, miners and telecoms help underpin recent gains. Housebuilder Barratt Developments (BDEV) releases a strong set of half year results with profits growing faster than revenues which is always a good sign. For the six months to the end of ...

We are turning positive on the housebuilding sector on the basis that shares in the biggest companies are currently too cheap to ignore. Some are offering dividend yields in double-digits which are supported by strong balance sheets. In our view the robust financial positions enjoyed by the sector heavyweights means they can afford to keep paying generous dividends even if house price ease ...

In the housebuilding sector, there are two high profile departures today following the announced retirement of Redrow (RDW) founder and executive chairman Steve Morgan and Persimmon (PSN) chief executive Jeff Fairburn. A recent furore and intense media attention over Fairburn’s generous bonus of £75m, cut from £100m, resulted in his ‘mutually agreed’ exit. Managing director David ...

UK stocks open higher with the FTSE 100 adding 0.9% to 7,104, shrugging off a soft tone in US stocks yesterday on the mid-term elections. With the Democrats taking control of the House of Representatives, President Trump and the Republican party will find it more difficult to pass legislation and fulfill some of their policy promises. Shares in high-street stalwart Marks & Spencer ...

A company in a turnaround situation enjoys internal drivers for growth which are often independent of what is happening in the wider market. This helps explain why Bovis Homes (BVS) commands a higher valuation than many of its mid-cap peers in the housebuilding sector as industry veteran Greg Fitzgerald continues his successful restructuring of the group. GOOD RECEPTION FOR RESULTS The ...

Shares in the world's biggest advertising agency WPP (WPP) plunge more than 7% to £11.88 in early trade on Tuesday, heading the FTSE 100 loser board, after posting lower revenues in its first half results. The group, which confirmed Mark Read as its new chief executive yesterday, also raised its sales expectations for the full year, not that investors are giving it much credit for doing ...

All economies experience recurring and fluctuating levels of economic activity over time, with the five main stages of the business cycle running as follows: growth, peak, recession, trough and recovery. The business cycle is usually replicated in the stock market with the market going up when the economy is growing and going down when it is contracting. Different types of stocks tend to perform ...

Investors looking to profit from a bargain-hunting style of investing should snap up Aurora Investment Trust (ARR) as it provides exposure to high quality businesses with huge upside potential. Aurora trades at a near-3% premium to net asset value (NAV) of 213.63p, yet Shares believes this is more than merited by the manager’s superb track record, while the announcement (18 Jun) of a ...