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Sector movers: Sentiment cools towards homebuilders

Fri, 18th Mar 2016 21:40

(ShareCast News) - Homebuilders were under the cosh at the end of the week, dragged lower by a negative reaction to the latest trading statement out of Berkeley Group.Analysts at Shore Capital and Numis described the company´s IMS as "solid" and "good", respectively, with the company apparently on track to meet its target for £2bn in pre-tax profits over the next three years alongside a 200p dividend to boot.Nevertheless, the best may now be past for the group - and more importantly, priced into the stock - in London after having secured good assets in the prime central London market some years ago which will eventually be traded out, one analyst said. "With the sector looking so fully valued versus its position just a couple of years ago, we should get used to this share price reaction - the easy days for the sector are now well behind it," said Chris Beauchamp, senior market analyst at IG.Also weighing on sentiment towards the sector perhaps, real estate investment trust Hansteen Holdings came under pressure in afternoon trading, after it emerged its joint chief executives were planning to sell a combined 1.9% stake in the firm.Nonetheless, technical analysts at JP Morgan sounded a positive note on the wider European Real Estate sector on Friday, telling clients that while they saw risks in construction/materials, sector positioning was strengthening in Real Estate.Heading the other way, restaurant and pub operator Mitchells & Butlers was on the up after having its 'buy' rating reiterated by analysts at Deutsche Bank. The report set a price target of 420p on the stock, indicating a potential 55.8% upside from Friday's opening price of 269.5p.Another pubco, Enterprise Inns, was also rising after a report from Deutsche. The bank reiterated its 'buy' rating on the company, and set a target price of 15.
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9 Feb 2017 08:03

Enterprise Inns on track for full year, changes name to Ei Group

(ShareCast News) - Enterprise Inns said on Thursday that it is on track to deliver its expectations for the full year as it announced a change of name to Ei Group. In a trading update for the 18 weeks to 4 February, the company reported like-for-like net income growth of 1.6% in the Ei Publican Part

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9 Feb 2017 07:41

Enterprise Inns Changes Name To Ei Group Amid Income Improvement

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2 Feb 2017 16:07

UK Shareholder Meetings Calendar - Next 7 Days

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14 Dec 2016 20:59

CORRECTED-UPDATE 3-Heineken in bid battle for Punch Taverns

(Corrects to show Heineken splitting portfolio with investment partner Patron; paragraphs 1, 10, 11) * Heineken, Patron vs Alan McIntosh in $400 mln takeover * Heineken already has a pub business with good margins * Suitors have until Jan. 11 to make official bids By Marti

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17 Nov 2016 08:19

LONDON BRIEFING: Focus On Fed Chair Yellen Remarks After Trump Win

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15 Nov 2016 09:57

Enterprise Inns serves up results in line with last year

(ShareCast News) - Pub owner Enterprise Inns announced its results for the year to 30 September on Tuesday, with EBITDA before exceptional items of £292m, down slightly from £296m a year earlier, which was in line with expectations and reflecting the impact of planned disposals. The company's profit

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24 Oct 2016 07:45

Enterprise Inns Launches Bond Tender Offer Amid Refinancing (ALLISS)

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11 Aug 2016 08:27

Enterprise Inns On Track For Full Year As Second Half Progresses Well

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11 Jul 2016 11:28

DIRECTOR DEALINGS: Enterprise Inns Non-Executive Buys 25,000 Shares

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13 Jun 2016 10:04

Respite for high street as retail footfall rallies in May, BRC-Springboard shows

(ShareCast News) - A rise in UK retail footfall in May provided some rare good news for the embattled sector, as the best monthly high street performance for three years outweighed a decline for shopping centres. Total footfall last month was 0.3% higher than the same month last year, according to B

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17 May 2016 16:18

Enterprise Inns trading in line after lifting H1 profit

(ShareCast News) - Enterprise Inns said second-half trading is in line with its expectations, despite being hurt by the timing of the Easter weekend and after improving its first-half pre-tax profit to £40m, from £10m. Its revenues improved marginally to £305m, from £302m. Enterprise Publican Partn

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17 May 2016 07:26

Enterprise Inns Confident Ahead Of Euro 2016 As Interim Profit Rises

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10 May 2016 15:10

Earnings, Trading Statements Calendar - Week Ahead

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22 Mar 2016 13:29

Enterprise Inns net income up, share buyback announced

(ShareCast News) - Pub group Enterprise Inns rallied on Tuesday as it reported growth in like-for-like net income and announced a share buyback programme. In a trading update for the 25 weeks to 19 March, the company said LFL net income grew 1.5% in the leased and tenanted estate, which was ahead of

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22 Mar 2016 08:12

Enterprise Inns Announces Share Buyback On Good First-Half Trading

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