Construction & Materials Sector News

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  • The Fed is going to run out of patience, which means the equity rally may run out of road. Now (NYSE: DNOW - news) neither the trend nor the absolute numbers are consistent with zero interest rates, especially given that an unemployment rate of 5.5 percent is arguably within the zone where wages rise to attract labor. …

  • UK paving and residential flooring supplier Marshalls benefited from the recovery in the sector by doubling pre-tax profits in 2014, prompting the group to increase output volumes of concrete slabs.

  • BUZZ-Marshalls: jumps on strong FY profit Reuters - UK Focus - 15 hours ago

    ** Landscaping materials company Marshalls rose as much as 5 pct, after posting strong full-year profit ** Company experienced strong order intake and sales growth in all its end markets in 2014 ** Sales ...

  • FTSE hits record but election casts a shadow Telegraph - Thu, Mar 5, 2015 19:49 GMT
    FTSE london stock exchange

    HSBC warned that the FTSE 100 is more vulnerable to the general election than is generally believed

  • US STOCKS-Wall St little changed after 2-day drop, data Reuters - UK Focus - Thu, Mar 5, 2015 18:06 GMT

    U.S. stocks were little changed on Thursday, after two days of declines on the S&P 500, as economic data did little to alter expectations on the timing of an interest rate hike by the Federal Reserve. Initial jobless claims rose to 320,000 in the latest week, above the 295,000 estimate and 313,000 in the prior week. Investors …

  • Communisis losses overshadow underlying progress Sharecast - Thu, Mar 5, 2015 15:20 GMT

    Despite the announcement of a major new contract and strong underlying progress, marketing communication services Communisis saw its shares decline on Thursday as it slipped into full year losses.

  • US STOCKS-Wall St flat after 2-day drop; factory orders due Reuters - UK Focus - Thu, Mar 5, 2015 14:47 GMT

    U.S. stocks were little changed on Thursday, in the wake of two days of declines on the S&P 500, as gains were curbed by a higher-than-expected initial jobless claims report ahead of a report on factory orders.

  • US STOCKS-Wall St to open slightly higher after 2-day fall Reuters - UK Focus - Thu, Mar 5, 2015 14:15 GMT

    U.S. stocks were set to open modestly higher on Thursday, in the wake of two days of declines on the S&P 500, after higher-than-expected initial jobless claims figures and ahead of a report on factory orders. Futures trimmed gains after data showed initial jobless claims rose to 320,000 in the latest week, above the 295,000 …

  • BUZZ-U.S. STOCKS ON THE MOVE-Joy Global, Second Sight, Encana Reuters - UK Focus - Thu, Mar 5, 2015 14:15 GMT

    U.S. stock index futures edged up on Thursday, after two days of declines on the S&P 500, ahead of data on the labor market and factory orders. Dow Jones industrial average e-mini futures were up 0.19 ...

  • European Central Bank raises emergency funding cap for Greece by €500m, as the central bank reveals details of its €1.1 trillion QE blitz

  • Sterling steady ahead of central bank meetings Reuters - UK Focus - Thu, Mar 5, 2015 09:34 GMT

    Sterling was broadly steady early on Thursday, caught between n pre-election concerns and an improving economy. The Bank of England publishes its March policy decisions at 1200 GMT and is expected to add nothing immediately to the debate over the timing of a interest rate rise, now seen likely early next year. The pound …

  • MOVES- NYSE, MetLife, JPMorgan, Legal & General, AXA Investment Reuters - UK Focus - Wed, Mar 4, 2015 20:58 GMT

    The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com. THE NEW YORK STOCK EXCHANGE The stock exchange owned ...

  • Sterling hits 3-wk low as Britain's services sector growth lags U.S. Reuters - UK Focus - Wed, Mar 4, 2015 15:34 GMT

    Sterling fell to a three-week low against the dollar on Wednesday after growth in Britain's dominant services sector eased in February lagging the United States where growth picked up modestly last month. The UK Markit/CIPS UK Services Purchasing Managers' Index (PMI) slipped more than expected to 56.7, from 57.2 in January, …

  • Sterling slips after UK services PMI misses forecast Reuters - UK Focus - Wed, Mar 4, 2015 10:53 GMT

    Sterling pulled back from near seven-year highs against the euro on Wednesday after data showed growth in Britain's dominant services sector eased in February. Sterling fell to a low for the day of $1.5326 from around $1.5357 before the data, leaving it 0.2 percent lower, and pared gains against the euro to trade at 72.56 …

  • Antero Resources sets pace in high-yield market Reuters - UK Focus - Tue, Mar 3, 2015 22:28 GMT

    By Mariana Santibanez NEW YORK, March 3 - Antero Resources showed select E&P names still have access to the high-yield bond market, printing an eight-year senior unsecured bond Tuesday that was increased ...

  • US STOCKS-Wall St falls from latest records after soft auto sales Reuters - UK Focus - Tue, Mar 3, 2015 19:36 GMT

    U.S. stocks fell on Tuesday, a day after S&P and Dow hit records and Nasdaq retreated after hitting a 15-year milestone after soft car sales data and Iran commentary worried some investors. His highlighting of risks in the Middle East caused stocks to dip further on a day when people are also taking profits after Nasdaq …

  • Talk of third Greek bailout gains ground in Europe

    Spain's finance minister Luis de Guindos (L) speaks with his Greek counterpart Yanis Varoufakis during an emergency Eurogroup finance ministers meeting at the European Council in Brussels, February 20, ...

  • US STOCKS-Wall St falls from latest records; auto sales soft Reuters - UK Focus - Tue, Mar 3, 2015 17:59 GMT

    U.S. stocks fell on Tuesday after a weak auto sales report pulled the Dow and S&P back from their latest records and the Nasdaq dipped below 5,000 the day after scaling the milestone level for the first ...

  • US STOCKS-Wall St slips from latest records; Nasdaq below 5,000 Reuters - UK Focus - Tue, Mar 3, 2015 14:58 GMT

    U.S. stocks edged lower shortly after the open on Tuesday in the wake of the latest records for the Dow and S&P and the Nasdaq scaling the 5,000 mark for the first time in 15 years. The Nasdaq had notched ...

  • US STOCKS-Wall St to dip at open after latest records, Nasdaq 5,000 Reuters - UK Focus - Tue, Mar 3, 2015 14:10 GMT

    U.S. stocks were set for a modestly lower open on Tuesday, after the Dow and S&P marched to new record highs and the Nasdaq topped the 5,000 mark for the first time in 15 years. The Nasdaq notched its first close above the 5,000 milestone since March 10, 2000, buoyed by merger activity, for only the third close above that …

  • US STOCKS-Futures dip after Dow, S&P records and Nasdaq 5,000 Reuters - UK Focus - Tue, Mar 3, 2015 12:54 GMT

    U.S. stock index futures edged lower on Tuesday, after the Dow and S&P marched to new record highs and the Nasdaq topped the 5,000 mark for the first time in 15 years. * The Nasdaq notched its first close ...

  • China's 2015 budget deficit rate higher than declared: minister

    Chinese GDP expanded 7.4 percent in 2014, its slowest pace in 24 years

  • Direct Line returns further cash to shareholders Telegraph - Tue, Mar 3, 2015 10:19 GMT

    Britain's biggest car insurer hands investors another payout after meeting IPO targets

  • TREASURIES-Yields rise as corporate debt sales weigh Reuters - UK Focus - Mon, Mar 2, 2015 20:02 GMT

    U.S. Treasury yields rose on Monday as large sales of corporate debt pressured prices and as investors continued to question whether the Federal Reserve is likely to raise interest rates in the coming ...

  • Amlin, the British insurer and re-insurer, topped the fallers after reporting a drop in full-year pre-tax profit by 21%, as an environment of low interest rates and weaker investment return dented profitability. ...

  • BUZZ-Tullow: Ghana worries add to FTSE relegation fears Reuters - UK Focus - Mon, Mar 2, 2015 11:55 GMT

    ** Tullow Oil easily top FTSE 100 faller, down 7.3 pct & poised for biggest one-day drop since late Nov ** Worries that an ongoing maritime dispute between Ghana and Cote d'Ivoire could result in suspension ...

  • Keller Group has reported a decline in pretax profit for 2014 after experiencing a contract dispute. At the same time, adjusted pretax profit and revenue each recorded a rise despite the strengthening ...

  • Keller profit rises on recovery in U.S. construction Reuters - UK Focus - Mon, Mar 2, 2015 08:46 GMT

    Keller Group Plc (LSE: KLR.L - news) , a British ground engineering contractor, posted a 15 percent rise in full-year pretax profit, helped by a recovery in the U.S. construction industry. Keller, which laid the foundation for London's Olympic stadium, said recovery in the United States, its largest market, as well as …

  • Keller full-year profit up on recovery in U.S. construction Reuters - UK Focus - Mon, Mar 2, 2015 07:11 GMT

    Keller Group Plc, a British ground engineering contractor, posted a 15 percent rise in full-year pretax profit, helped by a gradual recovery in the United States, its largest market by revenue. The company, ...

  • After a bright start, UK stocks dropped into the red by Monday lunchtime as investors assessed a raft of economic data and took profits after markets reached new record highs.

  • NY regulator puts 3 European banks in FX probe AFP - Sat, Feb 28, 2015 00:05 GMT
    NY regulator puts 3 European banks in FX probe

    Sources, speaking on condition of anonymity, said NY state financial regulator Benjamin Lawsky has sought information about currency practices from French banks BNP Paribas and Societe Generale

  • High-grade market wraps up record February Reuters - UK Focus - Fri, Feb 27, 2015 20:56 GMT

    By Mike Gambale NEW YORK, Feb 27 - US syndicate desks sold nearly US$40bn in new debt this week, clearing the pipeline for an anticipated US$22bn jumbo deal on Monday from Actavis - the second-largest ...

  • Despite setting a new intraday record just before the close, the FTSE 100 finished just a few points lower on Friday as investors took profits after a batch of mixed economic data from the States.

  • UK's FTSE hits new record high as StanChart rises Reuters - UK Focus - Fri, Feb 27, 2015 15:21 GMT

    Britain's top equity index hit a record high on Friday, helped by gains in Asian-focused bank Standard Chartered and International Consolidated Airlines Group. The blue-chip FTSE 100 index was up by 0.2 ...

  • Falls at Intu and RBS nudge UK's FTSE off record peaks Reuters - UK Focus - Fri, Feb 27, 2015 11:39 GMT

    A drop in the share prices of Intu Properties and Royal Bank of Scotland nudged Britain's top equity index down from record highs on Friday. The blue-chip FTSE 100 index - which hit a record intraday peak ...

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