|Bid||138.00 x 0|
|Ask||161.00 x 0|
|Day's range||142.45 - 144.75|
|52-week range||127.80 - 192.70|
|Beta (3Y monthly)||1.31|
|PE ratio (TTM)||7.22|
|Forward dividend & yield||0.07 (4.22%)|
|1y target est||187.15|
Britain's stock market indexes fell sharply on Monday, joining a sell-off in global markets, as U.S.-China trade tensions prompted investors to seek safe-haven assets, while Ocado and Marks & Spencer fell after sealing a deal to set up an online food joint venture. The FTSE 100 shed 2.5% in its worst day since early December, while the mid-cap FTSE 250 sank 2% and hit its lowest level in two months.
Royston Wild explains why you might end up regretting not buying this FTSE 100 (INDEXFTSE: UKX) income hero.
London's FTSE 100 slipped on Wednesday from this week's 11-month high, as wealth manager St. James's Place, homebuilder Taylor Wimpey and mortgage lender Lloyds fell on the back of results, overshadowing an upbeat forecast from clothing retailer Next. The main index lost 0.8%, its biggest one-day drop in two months, as exporter stocks also weighed after the pound recovered from a 28-month low.
High demand for materials amid a buildup of buffer stocks in the industry has pushed housebuilders, including Taylor Wimpey, to warn on rising costs. Taylor Wimpey, however, said it expects full-year results to be in line with expectations and declared a special dividend of about 11 pence per share for 2020.
Shares in London-listed companies that make the bulk of their revenue in Britain plunged in recent months as worries about a disorderly Brexit have deepened, while stocks with foreign exposure have beaten the blue-chip benchmark. Domestically focused UK stocks have been shunned by many investors since the June 2016 referendum on European Union membership, and the prospect of a staunch Brexiteer replacing Theresa May as prime minister has exacerbated that trend. JP Morgan's UK domestic plays index that tracks about 30 UK stocks that make all or most of their revenue at home took a turn for the worse in mid-April, when the Brexit deadline was extended to Oct. 31 and the prospect of a leadership change increased.
London's main index skidded for the sixth straight session on Thursday as investors sold off healthcare stocks after Washington withdrew a rebate rule aimed at lowering drug prices, and a Fed-fuelled rally fizzled out. The FTSE 100 shed 0.3%, while the mid-cap FTSE 250 capitalised on a rise in sterling to add 0.1%.
Housebuilder Bovis said on Tuesday it expected to post a higher first-half profit after selling more affordable homes at increased prices and saw solid demand for the year, bucking the trend of a wider anaemic real estate market. Britain's property market has been hurt by a slowdown in European economic growth and prospective home buyers holding out for house prices to fall further because of the country's chaotic attempts to leave the European Union. While house prices have been rising across the country, prices in London have declined according to various indicators, hit by tax changes and Brexit.
Britain's FTSE 100 fell on Friday as stronger-than-expected U.S. employment data tempered hopes of an aggressive interest rate cut by the Federal Reserve and as heavyweight miners fell due to weakness in China's iron ore futures. The FTSE 100 shed 0.7% on its worst day in more than a month, as a drop in homebuilder shares following a weak trading update from building supplier SIG also weighed.
Britain's mining stocks tugged the main index lower on Thursday, while shares of IAG and Coca Cola HBC slid as they traded ex-dividend, though several investors stayed on the sidelines during the U.S. market holiday. The FTSE 100 inched 0.1% lower but still hovered around a 10-month high and the FTSE 250 was roughly flat. "It is perhaps a sign of how much trading has been driven by the U.S. in the last couple of months that the absence of the American markets due to Independence Day left their European counterparts in neutral," Spreadex analyst Connor Campbell said.
Persimmon, Britain's second-largest homebuilder, suffered a drop in revenue in the first half of the year as it delayed sales closer to the completion of properties in order to improve customer satisfaction. "Perhaps more important is the fact selling prices have kept moving forwards, despite the negative PR Persimmon’s been facing," said Sophie Lund-Yates, Equity Analyst at Hargreaves Lansdown. Persimmon, which builds homes in more than 350 locations in the UK, reported on Thursday a 4.5% fall in revenue to 1.75 billion pounds ($2.2 billion) for the six months ending June 30.
Britain's Brexit crisis tipped the country's construction industry into its sharpest fall in a decade in June, a survey showed on Tuesday, in a stark sign of how quickly the world's fifth-biggest economy is slowing. The IHS Markit/CIPS construction Purchasing Managers' Index (PMI) plunged to 43.1, the lowest reading since April 2009 when the country was gripped by the global financial crisis and way below any forecast in a Reuters poll of economists. The yield on 10-year British government bonds sank to its lowest level in nearly three years as investors, already anxious about the prospect of a no-deal Brexit under the country's next prime minister, took fright at the scale of the fall.
A report that prime minister front-runner Boris Johnson would slash stamp duty and taxes drove gains in housebuilders and lifted London's main index on Friday, while Madame Tussauds owner Merlin surged after a buyout offer. The FTSE 100 rose 0.2%, while the FTSE 250 capitalised on a stronger pound to climb 0.8%. Housebuilders advanced after a media report said Johnson, the leading candidate to succeed Theresa May as prime minister, plans to cut stamp duty on house sales as part of an emergency budget for a "no-deal" Brexit.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
London's main bourse inched higher on Wednesday, helped by better than expected numbers from housebuilder Berkeley and a surge in Clydesdale and Yorkshire Banking Group after it promised more savings from its buyout of Virgin Money. The FTSE 100 index, sharply higher on Tuesday along with other European markets on the back of a strong policy speech from European Central Bank chief Mario Draghi, edged 0.05% higher by 0707 GMT.