Tate & Lyle: Jefferies downgrades to hold with a target price of 700p.
FTSE 250 housebuilder Crest Nicholson posted a drop in half-year pre-tax profit on Tuesday as it warned that margins for the year would come in towards the lower end of its guidance range, squeezed by cost pressures.
Housebuilder Crest Nicholson reported strong sales growth for the first half of the year but profit margins are being squeezed by the softer housing market, sending its shares to 16-month lows.
(WebFG News) - Stephen Stone, executive chairman of housebuilder Crest Nicholson, disposed of 250,000 ordinary shares in the Surrey-based firm on Friday, collecting more than £1.2m in the process.
Investors in Crest Nicholson Holdings were told that the company's trading environment continued to be "generally robust" on Thursday, as they gathered in Surrey for the annual general meeting.
Stephen Stone, chief executive officer of residential developer Crest Nicholson, disposed of 232,889 ordinary shares in the Surrey-based firm on Thursday, pocketing more than £1.1m in the process.
FTSE 250 residential developer Crest Nicholson said on Friday that its development agreement with Waverley Borough Council to deliver the £115m Brightwells regeneration of Farnham Town Centre is now unconditional.
Barclays upgraded Countryside Properties to 'overweight' from 'equalweight' and lifted the price target to 379p from 359p on the back of an increase in its valuation for the Partnerships division, as it took a look at UK housebuilders.
Diageo plc: Berenberg retains hold with a target price of 2,550p.
Next plc: RBC Capital Markets upgrades to outperform with a target price of 5,500p.
Countrywide: Berenberg upgrades to hold with a target price of 95p.
Housebuilder Crest Nicholson reported a rise in full-year pre-tax profit on Wednesday, with revenue and volumes edging up, as it announced that Patrick Bergin has been promoted to the role of chief executive officer with effect from 22 March.
Housebuilder Crest Nicholson reported solid growth in sales and selling prices and strong forward sales, though profits for the year may come in at the lower end of guidance.
Burberry Group: Berenberg reiterates Buy with a target price of 1900p.
Halma: HSBC downgrades to Hold with a target price of 1200p.
FTSE 250 housebuilder Crest Nicholson reported a rise in profit and revenue for the half year and said it is on track to deliver full-year revenue growth, but cautioned that the UK election could bring about uncertainty.
Commodity stocks did best on the second-tier index as traders pushed base metals higher on the back of the latest Chinese foreign trade and commodity import volume data released the day before, which had beat forecasts.
FTSE 250 housebuilder Crest Nicholson said on Tuesday that trading remains in line with expectations and it's on track to deliver revenue growth of around 10% for the year to the end of October 2017.
JP Morgan Cazenove adjusted ratings on a number of UK housebuilders on Thursday, noting a solid performance from the sector year-to-date, on a combination of earnings guidance upgrades, confident commentary from companies, improved housing market data, and a benign white paper.
Jones Bootmaker is expected to call in administrators on Friday in a move that will put more than 1,100 jobs at risk. The shoe retailer, which employs 1,145 people, has nearly 100 stores and a handful of concessions in department stores. It is understood to be close to going under after a deal with a private equity firm collapsed. - Guardian