Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    49,992.42
    +2,313.49 (+4.85%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

BUZZ-UK housebuilders: Jefferies tags as 2016 outperformers

Reuters - UK Focus

** Housebuilders trade up as Jefferies says it expects sector shares to outperform the UK market during 2016 as supply is unlikely to catch up with booming demand

** Berkeley & Barratt Developments up more than 3 pct each after being upgraded to "buy" from "hold" & 2nd and 3rd top FTSE gainers

** Jefferies hikes TP on Berkeley to 4650p (vs analysts' mean of 3713p), Barratt to 807p (vs 660p), citing high visibility of cashflows, strong forward order books & ever-increasing government support amid an acute housing shortage

** Galliford Try (LSE: GFRD.L - news) up 2.4 pct & among top FTSE 250 gainers, with Jefferies bumping it up to "buy", TP hiked to 1950p

ADVERTISEMENT

** Redrow (LSE: RDW.L - news) up c.2 pct, Crest Nicholson (Other OTC: CRNHY - news) , Taylor Wimpey (LSE: TW.L - news) , Persimmon (Other OTC: PSMMF - news) , Bellway (LSE: BWY.L - news) and Bovis rise between 1.3 pct-1.7 pct

** The UK housebuilders index massively outperformed the FTSE 100 last year (RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)