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Sector Movers: Real estate and housebuilders in the green, but tobacco takes a hit

Thu, 19th Mar 2015 14:35

The UK 2015 Budget continues to impact market sentiment as real estate and housebuilding stocks followed oil and gas services companies in posting an uptick in performance.In his final budget before the General Election on May 7, Chancellor George Osborne announced a series of measures considered to be price positive for shares in both sectors.In a bid to appease those wanting to get on the property ladder, Osborne put forward plans for an ISA for first-time buyers which would see the government add 25% on top of the amount saved by potential homebuyers.Housebuilder Crest Nicholson led the way on Thursday morning on the back of posting a 10% rise in its sales rate on an annualised basis. The company's shares rose by over 4% to 443p. Its rivals also benefited from the feel good factor with Barratt Developments up 0.28% to 530p, Bovis Homes up 0.57% to 967.50p, and Taylor Wimpey up 0.59% to 154.10p at 15:15 GMT. Overall, the home & household good sector saw an uptick of 1.03% or 147.86 points to 14,465.29.On a related note, real estate services provider Savills posted a 21% increase in pre-tax profit to £84.7m, as revenue rose 19% to £1.08bn. The company's shares were trading 4% higher at 809p at 15:15 GMT. Additionally, rival Countrywide saw its shares rise 3.74% to 554.50p while Foxtons saw a 6.1% uptick 208.75.Oil and gas services companies with exposure to the North Sea carried positivity over from Wednesday into Thursday's trading session despite ongoing turmoil in the oil markets. On Wednesday, the Chancellor said the petroleum revenue tax (PRT) would be slashed from 50% to 35% to support investment in older fields. The supplementary charge will also be cut from 30% to 20% and backdated to January. It follows an earlier reduction from 32% to 30% announced in Osborne's Autumn Statement last December.The move provides a shot in the arm for oil equipment and services companies. The sub-sector index came in at 18,403.95 points up 354.14 points of 1.91%, with key players Amec, Petrofac, Lamprell and Wood Group all trading in the green.However, going the other way, tobacco was the worst performing sector of day plummeting 3.13% or 1,398.54 points to 43,215.41. Blue chips British American Tobacco came in at 3651p down 3.82% or 145p while Imperial Tobacco shed 54p or 1.69% to 3148p. The UK government's decision to introduce plain cigarette packaging is said to be denting sentiment, even though a legal challenge from the industry is thought to be on the cards.Leading Sectors:Oil Equipment, Services & Distribution 18488.07 +429.26 +2.38%Real Estate Investment Trusts 3404.05 +46.19 +138%Household Goods & Home Construction 14,503.56 +186.13 +1.30%Oil & Gas Producers 7047.18 +86.36 1.24%Mining 13839.04 +147.87 1.08%
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25 Oct 2022 14:53

TRADING UPDATES: Gunsynd invests; AQRU launches crypto-backed loans

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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3 Oct 2022 21:46

TRADING UPDATES: Public Policy buys KP; Plus500 enters partnership

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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19 Sep 2022 13:56

UK shareholder meetings calendar - next 7 days

Tuesday 20 September 
AdEPT Technology Group PLCAGM
Appreciate Group PLCAGM
Cake Box Holdings PLCAGM
DP Eurasia NVEGM appointment of independent non-executive director
DSW Capital PLCAGM
FIH Group PLCAGM
Global Ports Holding PLCAGM
Gore Street Energy Storage Fund PLCAGM
Ilika PLCAGM
Manolete Partners PLCAGM
Moonpig Group PLCAGM
ProCook Group PLCAGM
Quiz PLCAGM
Shearwater Group PLCAGM
SulNOx Group PLCAGM
Utilico Emerging Markets Trust PLCAGM
Zoo Digital Group PLCAGM
Wednesday 21 September 
Games Workshop Group PLCAGM
Hipgnosis Songs Fund LtdAGM
IG Group Holdings PLCAGM
India Capital Growth Fund LtdAGM
Merit Group PLCAGM
Schroder Real Estate Investment Trust LtdAGM
SDI Group PLCAGM
Seraphine Group PLCAGM
Tintra PLCAGM
Thursday 22 September 
Begbies Traynor Group PLCAGM
Ecofin Global Utilities & Infrastructure Trust PLCGM pre-emption rights
IG Design Group PLCAGM
Liontrust Asset Management PLCAGM
Oberon Investments Group PLCAGM
Odyssean Investment Trust PLCAGM
Rockwood Strategic PLCGM trading to the premium segment
Trakm8 Holdings PLCAGM
Worsley Investors LtdAGM
Friday 23 September 
Accsys Technologies PLCAGM
Biffa PLCAGM
Bradda Head Lithium LtdAGM
Fusion Antibodies PLCAGM
In The Style Group PLCAGM
Safestay PLCAGM
Wise PLCAGM
Monday 26 September 
Babcock International Group PLCAGM
Eastinco Mining & Exploration PLCAGM
Eckoh PLCAGM
ECO Animal Health Group PLCAGM
Great Eastern Energy Corp LtdAGM
Lamprell PLCEGM re delisting
Mediclinic International PLCCourt & GM re takeover by Remgro, SAS
RPS Group PLCGM cash offer agreement
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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8 Sep 2022 14:00

Lamprell inks Moray West wind farm deal worth over USD200 million

(Alliance News) - Lamprell PLC on Thursday said it has signed a contract for Moray West Offshore Wind Farm, worth over USD200 million.

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30 Aug 2022 15:58

UK shareholder meetings calendar - next 7 days

Wednesday 31 August 
Fulham Shore PLCAGM
GYG PLCGM cancellation of admission of Ordinary Shares to trading on AIM
Invinity Energy Systems PLCAGM
James Latham PLCAGM
Rural Broadband Solutions PLCAGM
Scottish Investment Trust PLCGM re recombination of assets with JPMorgan Global Growth & Income PLC
Thursday 1 September 
Carclo PLCAGM
Circassia Group PLCGM name change
Jet2 PLCAGM
JLEN Environmental Assets Group LtdAGM
Phoenix Global Resources PLCGM cancellation of listing
Picton Property Income LtdAGM
Watches of Switzerland Group PLCAGM
Friday 2 September 
Triple Point Income VCT PLCAGM
Monday 5 September 
Highway Capital PLCAGM
Hill & Smith Holdings PLCAGM
Hydrogen Utopia International PLCAGM
LXi REIT PLCAGM
Monks Investment Trust PLCAGM
Totally PLCAGM
Tuesday 6 September 
Ashtead Group PLCAGM
Berkeley Group Holdings PLCAGM
Brickability Group PLCAGM
Castelnau Group LtdAGM
DS Smith PLCAGM
Lamprell plcAGM
Renold PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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26 Aug 2022 17:07

LONDON MARKET CLOSE: Stocks slump as Powell says Fed to act with force

(Alliance News) - Stocks in Europe ended sharply lower on Friday as US Federal Reserve Chair Jerome Powell made price stability paramount, despite the "pain" that will be caused by moves to tame rampant inflation.

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26 Aug 2022 11:52

Thunderball takes over Lamprell as it increases stake to 50%

(Alliance News) - Thunderball Investments Ltd on Friday said its takeover offer for Lamprell PLC has become unconditional after it said it bought enough shares to get its stake in the company to over 50%.

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26 Aug 2022 10:33

SMALL-CAP WINNERS & LOSERS: Oxford Cannabinoid sinks on trial delay

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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12 Aug 2022 11:59

IN BRIEF: Lamprell shares drop further as trading in London restored

Lamprell PLC - United Arab Emirates-based provider of oil field services - UK Financial Conduct Authority restores trading of its shares on London Stock Exchange.

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8 Aug 2022 10:05

Lamprell full-year loss widens on Covid-related headwinds

(Alliance News) - Lamprell PLC on Monday reported a widened full-year loss as the firm grappled with lockdowns, travel restrictions and a loss of productivity in the year.

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4 Aug 2022 19:35

IN BRIEF: Lamprell repays USD45 million revolving loan facility

Lamprell PLC - United Arab Emirates-based provider of oil field services - Confirms repayment of USD45 million revolving trade loan facility backed by UAE Export Credit Agency.

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22 Jul 2022 07:00

IN BRIEF: Thunderball agrees to make formal Lamprell takeover offer

Lamprell PLC - United Arab Emirates-based provider of oil field services - Potential buyer Thunderball Investments Ltd, a consortium of Blofeld Investment Management Ltd and Al Gihaz Holding Co, says it agrees to make a formal takeover offer for Lamprell. The consortium companies have a combined stake of 45% in Lamprell. The formal takeover offer worth GBP38.8 million confirms the non-binding offer from July 12. It values Lamprell at 9 pence per share and includes a proposed secured bridging loan with a peak total amount of USD145 million. The formal takeover offer will be send to Lamprell shareholders within 28 days from Friday. Lamprell started considering a sale in June due to its liquidity position and funding requirements of USD75 million.

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12 Jul 2022 11:15

IN BRIEF: Lamprell intends to recommend takeover offer to shareholders

Lamprell PLC - United Arab Emirates-based provider of oil field services - Notes that it received a combined non-binding indicative all cash offer to buy its entire issued share capital on June 24. The offer is from Blofeld Investment Management and Al Gihaz Holding Co. Both companies have a combined stake of 44% in Lamprell. The offer values Lamprell at 9 pence per share and includes a proposed secured bridging loan with a peak total amount of USD145 million.

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4 Jul 2022 15:31

IN BRIEF: Sami Al Angari raises stake in Lamprell amid takeover talks

Lamprell PLC - United Arab Emirates-based provider of oil field services - Shareholder Sami Al Angari raises stake in company to 18% from 6.6% as at Tuesday last week.

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1 Jul 2022 10:00

Lamprell shares suspended; shareholder mulls possible takeover offer

(Alliance News) - Lamprell PLC on Friday confirmed that 19% shareholder Sami Al Angari is in the early stages of mulling a takeover offer for the company, alongside a funding package to support the repayment of Lamprell's existing debt facilities.

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