Fri, 24th Jun 2016 16:37
Peel Hunt initiated coverage of the UK estate agency sub-sector with a 'sell' rating on Foxtons and 'hold' ratings on Countrywide, LSL and Savills. The broker said the decisive result in the general election has provided a welcome fillip for the UK estate agents, removing uncertainty over mansion ta
Read moreMid caps outperformed the FTSE 100 on Tuesday, as miners, engineers and telecommunications offset weakness in real estate and utilities stocks. As of 15:30 BST, the FTSE 250 was trading 0.06% higher at 18,231.5. AO World plunged as the online white goods retailer's final results revealed a £2.9m lo
Read more** UK estate agent under pressure after brokerage Peel Hunt says average commission rates are heading only heading in one direction - down ** London-focused Foxtons down 3.7 pct & 3rd top loser on FTSE 250 after brokerage starts with "sell" rating & TP 230p vs analyst avg mean TP of 220.44p
Read moreBritish American Tobacco: JP Morgan reiterates overweight and 4,100p target price. Royal Mail: JP Morgan reiterates neutral stance. Playtech: JP Morgan reiterates buy. Henderson Group: UBS reiterates neutral stance and 275p target. Prudential: UBS reiterates buy recommendation and 1,950p target.
Read moreProperty group Savills has completed the acquisition of rural specialists Smiths Gore in a deal worth up to £40m in cash. The FTSE 250 group had initially announced the deal for Peterborough-based Smiths Gore, which operates 31 offices, on 21 April, adding has paid approximately £21m upon completion
Read more(In May 28 story, corrects surname to Forbes-Wilson in 7th paragraph) * Estate agents seek to tap into equity, strong housing markets * UK companies aim to emulate performance of European stocks * Online estate agents could attract investor interest By Esha Vaish May
Read moreIndustrial metals and mining provided the biggest drag on the FTSE on Tuesday, with giants BHP Billiton and Rio Tinto registering some of the biggest losses. BHP Billiton, by the far the UK's biggest miner, extended Monday's decline, which was driven by the disappointing Australian debut of its spin
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