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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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1 Jul 2022 07:54

Lamprell shareholder Sami Al Angari evaluating takeover offer

(Sharecast News) - Shares in Lamprell have been temporarily suspended after Sami Al Angari - the chief executive of Al Gihaz Company - confirmed on Friday that he and Al Gilaz are in the very early stages of evaluating a possible offer for Lamprell.

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28 Jun 2022 08:32

Lamprell misses $26.4m loan facility repayment

(Sharecast News) - Energy industry services supplier Lamprell has missed a $26.4m repayment due on Monday for its UAE Export Credit Agency debt facility.

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27 Jun 2022 19:19

IN BRIEF: Lamprell in talks after missing loan facility repayment

Lamprell PLC - United Arab Emirates-based provider of oil field services - Says it has not made initial milestone repayment of USD26.4 million under USD45 million UAE export credit agency backed revolving trade loan facility which was agreed in October 2021. Continues to work with lending banks and also Blofeld Investment Management, which holds 25% stake in Lamprell, in connection with a extension to the payment date. "The group also continues to engage with Blofeld regarding an interim funding solution or bridge financing in connection with a possible offer to acquire the entire issued and to be issued share capital of Lamprell," it says.

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24 Jun 2022 16:51

LONDON MARKET CLOSE: Stocks surge as traders bet on slower Fed hikes

(Alliance News) - European equities defied the uncertain global economic outlook and jumped on Friday, posting a first weekly gain in three weeks, as markets begin to price in a slower monetary policy tightening process by the US Federal Reserve.

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24 Jun 2022 12:24

LONDON MARKET MIDDAY: Stocks rise on US Fed pledge to fight inflation

(Alliance News) - Stock prices in London were higher at midday on Friday as traders and investors pondered remarks by US Fed Chair Powell in two appearances before legislators.

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24 Jun 2022 10:34

SMALL-CAP WINNERS & LOSERS: Lamprell down on discounted takeover offer

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

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24 Jun 2022 08:45

TOP NEWS: Cash-stripped Lamprell's shares dive after takeover offer

(Alliance News) - Lamprell PLC on Friday said it received a "discounted" cash takeover offer from a large shareholder and tat it was in discussions over a potential equity fundraise of USD150 million.

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24 Jun 2022 07:51

LONDON MARKET PRE-OPEN: Barclays buys mortgage lender for GBP2 billion

(Alliance News) - Stock prices in London are seen opening higher on Friday following a rally on Wall Street overnight and a positive day in Asia.

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24 Jun 2022 07:11

Lamprell says it's exploring funding options, shares tank

(Sharecast News) - Lamprell shares tanked on Friday as it said it was exploring funding options and that it had received a bid approach from major shareholder Blofeld at a "very significant" discount.

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10 May 2022 16:06

UK earnings, trading statements calendar - next 7 days

Wednesday 11 May 
Airtel Africa PLCFull Year Results
Anexo Group PLCFull Year Results
Angling Direct PLCFull Year Results
Bank of Georgia Group PLCQ1 Results
Brewin Dolphin Holdings PLCHalf Year Results
Compass Group PLCHalf Year Results
Conduit Holdings LtdTrading Statement
Dignity PLCTrading Statement
ITV PLCTrading Statement
Spirax-Sarco Engineering PLCTrading Statement
Tui AGHalf Year Results
Vertu Motors PLCFull Year Results
Thursday 12 May 
3i Group PLCFull Year Results
Adnams PLCTrading Statement
Balfour Beatty PLCTrading Statement
BT Group PLCFull Year Results
Coca-Cola HBC AGQ1 Results
ConvaTec Group PLCTrading Statement
Entain PLCTrading Statement
Grainger PLCHalf Year Results
Hargreaves Lansdown PLCTrading Statement
Plant Health Care PLCFull Year Results
Rolls-Royce Holdings PLCTrading Statement
Seraphim Space Investment Trust PLCQ3 Results
Superdry PLCTrading Statement
Titon Holdings PLCHalf Year Results
Versarien PLCHalf Year Results
Friday 13 May 
ContourGlobal PLCTrading Statement
Sage Group PLCHalf Year Results
Monday 16 May  
Diploma PLCHalf Year Results
Finsbury Growth & Income Trust PLCHalf Year Results
Greggs PLCTrading Statement
Petropavlovsk PLCFull Year Results
Ryanair Holdings PLCFull Year Results
Tuesday 17 May 
accesso Technology Group PLCTrading Statement
Benchmark Holdings PLCHalf Year Results
Big Yellow Group PLCTrading Statement
Britvic PLCHalf Year Results
C&C Group PLCFull Year Results
DCC PLCFull Year Results
Fresnillo PLCTrading Statement
Imperial Brands PLCHalf Year Results
Lamprell PLCFull Year Results
Land Securities Group PLCFull Year Results
Micro Focus International PLCTrading Statement
Renew Holdings PLCHalf Year Results
Shoe Zone PLCHalf Year Results
Smartspace Software PLCFull Year Results
Sureserve Group PLCHalf Year Results
TI Fluid Systems PLCTrading Statement
Tremor International LtdTrading Statement
Tritax EuroBox PLCHalf Year Results
Velocys PLCFull Year Results
Victorian Plumbing Group PLCHalf Year Results
Vitec Group PLCTrading Statement
Vodafone Group PLCFull Year Results
Watkin Jones PLCHalf Year Results
  
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10 May 2022 10:42

SMALL-CAP WINNERS & LOSERS: Lamprell secures rig; Treatt profit falls

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

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10 May 2022 09:52

IN BRIEF: Lamprell wins deal to upgrade three jack-up drilling rigs

Lamprell PLC - Hamriyah, United Arab Emirates-based provider of oil field services - Working with "international rig operator" for key upgrade work on three jack-up drilling rigs for deployment in Gulf region. "The first of the rigs will arrive at Lamprell's Hamriyah quayside this month and work will begin immediately. The second and third rigs will follow later," Lamprell says. Contracts is defined as "small", meaning value is below USD50 million.

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27 Apr 2022 11:01

SMALL-CAP WINNERS & LOSERS: Metro Bank rises, Bank of Ireland falls

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

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11 Apr 2022 20:51

TRADING UPDATES: Pod Point wins BMW deal; Lamprell seals contract

(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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11 Apr 2022 10:28

SMALL-CAP WINNERS & LOSERS: Amigo moves step closer to lending restart

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

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