(ShareCast News) - Investors' faith in the heir designate at Barclays may not be misplaced, quite the contrary, but in the short-term his plans for a "strategic acceleration" means earnings may be even weaker, Investec said. The analyst downgraded the bank's shares to 'sell' from 'hold' and lowered
Read more(ShareCast News) - Savills got a boost on Friday after Credit Suisse initiated coverage of the stock with an 'outperform' rating and 1,141p price target and said it was the bank's preferred name in the UK estate agency sector. CS said the stock offered strong cyclical momentum and margin expansion.
Read moreRupert Robson has been appointed as Savills' independent non-executive director, the real estate advisor said on Tuesday. Robson, who is currently non-executive chairman of inter-dealer brokerage group Tullett Prebon and chairman of Charles Taylor, Sanne Group plc and EMF Capital Partners, will step
Read morePeel Hunt initiated coverage of the UK estate agency sub-sector with a 'sell' rating on Foxtons and 'hold' ratings on Countrywide, LSL and Savills. The broker said the decisive result in the general election has provided a welcome fillip for the UK estate agents, removing uncertainty over mansion ta
Read moreMid caps outperformed the FTSE 100 on Tuesday, as miners, engineers and telecommunications offset weakness in real estate and utilities stocks. As of 15:30 BST, the FTSE 250 was trading 0.06% higher at 18,231.5. AO World plunged as the online white goods retailer's final results revealed a £2.9m lo
Read more** UK estate agent under pressure after brokerage Peel Hunt says average commission rates are heading only heading in one direction - down ** London-focused Foxtons down 3.7 pct & 3rd top loser on FTSE 250 after brokerage starts with "sell" rating & TP 230p vs analyst avg mean TP of 220.44p
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