** Interest rate rise fears see UK housebuilders retreat from lofty levels as sector also comes into focus on day of Persimmon's FY results ** Thomson Reuters UK Homebuilding index hit record on Monday ** Persimmon top FTSE 100 faller, down 4.2 pct, with fellow blue-chip Taylor Wimpe
Read more** Housebuilders' shares at record highs not putting buyside off as fund managers bet impressive cash returns in low-return world will keep gains coming ** While there are risks - inconclusive UK General Election, margin erosion & prospect of rate rises - high divis are reality against back
Read more** Construction co Galliford Try, helped by robust house building demand, sees a 35 pct rise in H1 revenues & hikes its divi ** Shares jump 5.5 pct to all-time high & 2nd-most actively traded stock on FTSE 250, with its 90-day daily avg volume having gone through in less than an hour
Read moreWell-received results from builder Redrow and consumer products group Reckitt Benckiser meant the household goods and home construction sector was the best performer in London on Wednesday. Redrow's share price had surged over 12% to 333p by the afternoon session after the company impressed with a s
Read more** More encouraging results from UK homebuilders with Redrow poised for biggest one-day move since late 2010 after unveiling a 92 pct rise in H1 pretax profits, a doubling of its divi & a reduction in net debt ** Thomson Reuters UK Homebuilding index, up 2.2 pct, & bluechip Persimmon both
Read more** UK housebuilders take a knock as Liberum issues a relatively bearish note just as valuations retest highs ** Thomson Reuters UK Homebuilding index up more than 20 pct over last 12 mths, within grasp of record ** Barratt Developments & Bovis Homes, both downgraded by the broker to "
Read moreDiscount clothing brand Primark has been the main engine behind the rise in shares of Associated British Foods. However, as the unit's rapid rate of growth in both profits and revenues has slowed down so too the company's stock has fast become overvalued. Over the last five years the shares have ris
Read moreA sharp drop in the UK inflation rate and well-received updates from a number of Britain's retailers gave London stocks a boost on Tuesday. The FTSE 100 was trading up 0.6% at 6,539 just after midday with retailers and housebuilders offsetting ongoing weakness in the resources sector. Markets were
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