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Sector movers: Financial services, real estate pace losses

Tue, 14th Jun 2016 15:14

(ShareCast News) - The results of another online poll pointing to increased momentum for the 'Leave' camp ahead of the EU referendum was again weighing on sterling and financial services and real estate investment firms on Tuesday.According to the latest YouGov poll published in The Times on Tuesday, support for Brexit jumped by three percentage points to 46.0% over the latest week, while support for 'Remain' lost another three percentage points to stand at just 39.0%, with 11.0% of voters saying they were undecided and another 4.90% that they would not vote.As of 14:33 BST cable was down 0.68% to 1.4172, alongside a dip in 10-year German government debt yields into negative territory for the first time ever.The yield on similarly-dated benchmark Gilts also hit a record low at 1.144%.Yields on the 10-year Bund retreated both as investors continued to seek out safe havens and on expectations that the Brexit-related uncertainty would act as a drag on growt"These results alarmed markets and saw our 10-poll average narrow to a slim 0.2pp lead for Remain. The result is due partly to a greater share of online polls in the sample, which have typically shown stronger leads for Leave. But beyond polling noise, it appears that more voters are 'flirting with Brexit'. For this reason, last week we increased our probability of Brexit to the top end of our 30-40% range, but have not increased it further," analysts at Citi said.Travel&Leisure stocks were weighed down by stock in one company in particular, Go Ahead. The troubled transport giant told investors to no longer expect 3% margins from its Govia Thameslink Railway franchise, as previously indicated, but rather something closer to 1.5%, because of the cost of strikes and the project to rebuild London Bridge Station.Front month crude oil futures were down by 0.801% to $49.95 per barrel on the ICE.Bottom performing sectors so far todayFinancial Services 8,231.00 -2.08%Real Estate Investment & Services 2,583.42 -2.00%Oil & Gas Producers 6,337.69 -1.78%Media 6,846.49 -1.77%Travel & Leisure 8,066.59 -1.77%
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16 Jun 2021 05:50

Rail firms blast UK plan to cut taxes on domestic flights

Rail firms blast UK plan to cut taxes on domestic flights

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10 Jun 2021 11:24

Go-Ahead outlook improves amid surging passenger demand for travel

Go-Ahead outlook improves amid surging passenger demand for travel

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10 Jun 2021 07:57

Go-Ahead ups outlook as passengers return to buses

(Sharecast News) - Go-Ahead said passengers were returning to its buses as lockdown restrictions eased and the company upgraded its financial outlook for the current year.

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3 Jun 2021 15:51

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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26 May 2021 11:49

Go-Ahead CEO David Brown to retire at end of 2021 after 10 years

Go-Ahead CEO David Brown to retire at end of 2021 after 10 years

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26 May 2021 10:14

Go-Ahead boss announces retirement

(Sharecast News) - Go-Ahead Group chief executive David Brown is to step down after a decade in the role, the bus and rail operator said on Wednesday.

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26 May 2021 07:09

Go-Ahead CEO David Brown to retire at the end of the year

LONDON, May 26 (Reuters) - British rail and bus operator Go-Ahead said on Wednesday its chief executive David Brown planned to retire at the end of this year after 10 years in the role, and that it had started a process to find his replacement.Br...

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13 May 2021 13:08

Thursday broker round-up

(Sharecast News) - Hargreaves Lansdown: Numis downgrades to add with a target price of 2,019p.

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13 May 2021 10:45

Canaccord hikes target price on Go-Ahead

(Sharecast News) - Analysts at Canaccord Genuity hiked their target price on public transport operator Go-Ahead Group from 1,135.0p to 1,540.0p on Thursday, stating the group was now in the process of preparing for "a strong recovery".

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28 Apr 2021 11:04

SMALL-CAP WINNERS & LOSERS: Stagecoach founders sell down stake

SMALL-CAP WINNERS & LOSERS: Stagecoach founders sell down stake

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28 Apr 2021 09:43

BROKER RATINGS: Peel Hunt boosts Playtech to Buy from Reduce

BROKER RATINGS: Peel Hunt boosts Playtech to Buy from Reduce

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23 Apr 2021 12:26

UPDATE 4-FirstGroup's $4.6 bln N.American sale boosts shares

* To sell FirstStudent, FirstTransit to Sweden's EQT Infrastructure* Proposes 30p per share return to shareholders in 2021* Greyhound not part of sale* Shares rise as much as 19%, highest in 13 months (Adds EQT statement, debt, peer performance)By ...

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14 Apr 2021 09:38

BROKER RATINGS: UBS says buy FirstGroup, National Express, Stagecoach

BROKER RATINGS: UBS says buy FirstGroup, National Express, Stagecoach

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26 Mar 2021 11:08

SMALL-CAP WINNERS & LOSERS: TT Electronics rises on test approval hope

SMALL-CAP WINNERS & LOSERS: TT Electronics rises on test approval hope

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15 Mar 2021 07:49

UK PM pledges 3 bln stg for England's bus network

LONDON, March 15 (Reuters) - British Prime Minister Boris Johnson will invest 3 billion pounds ($4.17 billion) in England's bus network, aiming to provide more frequent, cheaper services to encourage people to catch the bus instead of using the c...

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