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Housebuilders fall on media report UK will not extend stamp duty threshold hike

BUZZ-Housebuilders fall on media report UK will not extend stamp duty threshold hike ** UK housebuilders' index .FTNMX402020 falls 2%, with all constituents in the red ** UK Chancellor Rachel Reeves will not extend increase in stamp duty threshold in the impending budget, according to a report by The Times published on Thursday after market ** The property tax benefit, introduced by the Tories, is slated to end in March next year, adding about 2,500 pounds ($3,261.50) to the average home purchas
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UK corporate earnings week ahead

DIARY-UK corporate earnings week ahead Oct 18 (Reuters) - Diary of U.K (.FTSE) corporate earnings for the week ahead UK EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 23-Oct-2024 11:00 BTRW.L Barratt Redrow PLC Barratt Redrow PLC Annual Shareholders Meeting 24-Oct-2024 06:00 BARC.L Barclays PLC Q3 2024 Barclays PLC Earnings Release 25-Oct-2024 NTS NWG.L NatWest Group PLC Q3 2024 NatWest Group PLC Interim Management Statement Release 25-Oct-2024 BMO AAF.L Airtel Africa PLC Half Y
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UK homebuilders gain as sharp fall in inflation spurs rate cut hopes

BUZZ-UK homebuilders gain as sharp fall in inflation spurs rate cut hopes ** Shares of UK housebuilders .FTNMX402020 rise 2.2%, after data showed that British inflation dropped sharply last month and key price gauges watched by the Bank of England fell, bolstering bets for an interest rate cut next month ** The rate of annual consumer price inflati
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Tax hike fears prompt UK homebuyers to hold off, Bellway CEO says

UPDATE 3-Tax hike fears prompt UK homebuyers to hold off, Bellway CEO says FY24 PBT down 58% at 226 mln stg vs market view of 218.8 mln stg Weekly private reservation rate up 49% in first 9 weeks of FY25 Shares up 7.4%; stock tops FTSE 250 gains Recasts, adds CEO comment in paragraphs 2 and 5, updates share move in paragraph 3 By Aby Jose Koilparambil Oct 15 (Reuters) - Homebuyers, unnerved by the possibility of tax increases ahead of the UK budget, are delaying the decision to purchase, Bellway
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Top of the Street: UK housebuilders, Aena, CTS Eventim

BUZZ-Top of the Street: UK housebuilders, Aena, CTS Eventim A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Stifel says British housing market continues to improve, which should underpin rising house prices, unit completions and margins for the UK housebuilders ** It upgrades Barratt Redrow BTRW.L to "buy" from "hold" after recent underperformance, expecting news around Redrow acquisition to turn positive as the company would beat synergy targets ** The
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ArcelorMittal, Barratt Redrow, Croda

EUROPE RESEARCH ROUNDUP-ArcelorMittal, Barratt Redrow, Croda Oct 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ArcelorMittal , Barratt Redrow and Croda on Friday. HIGHLIGHTS * ArcelorMittal SA MT.AS : JP Morgan cuts to neutral from overweight * Barratt Redrow Plc BTRW.L : Citigroup cuts target price to 600p from 615p * Croda CRDA.L : JP Morgan cuts target price to 3875p from 4200p * Jet2 Plc JET2.L : Morgan Stanley raises targe
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UK homebuilder Vistry plunges after lowering annual profit forecast

BUZZ-UK homebuilder Vistry plunges after lowering annual profit forecast Updates ** Shares of British homebuilder Vistry VTYV.L plunge as much as 36.3% to 811p , top loser on benchmark FTSE 100 .FTSE ** Shares hit lowest level since December 2023 ** C o cuts FY24 profit forecast by 80 mln pounds ($104.6 mln), hurt by higher build costs in one of its divisions ** Now sees adjusted profit before tax for year ending Dec.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Monte dei Paschi di Siena, Apollo Global Management, updates Coeur Mining Oct 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1950 GMT on Friday: ** Italy aims to sell up to around 15% of Monte dei Paschi di Siena BMPS.MI in an upcoming share placement, reducing the government's stake in the bailed-out bank to as low as 12%, two sources close to the matter told Reuters on Friday.
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UK homebuilder Barratt sees return to profit growth by 2026

UPDATE 2-UK homebuilder Barratt sees return to profit growth by 2026 FY adj PBT 385 mln stg vs market view of 365 mln stg July 1-Aug. 25 reservation rate 0.58 units vs 0.42 year ago Shares in FTSE 100 builder down 2.3% in morning trade Rewrites through, adds CEO comment in paragraphs 1, 2 and 5, sector context in paragraphs 3 and 4, analysts' comment in paragraph 8 By Aby Jose Koilparambil Sept 4 (Reuters) - British homebuilder Barratt BDEV.L posted a smaller-than-expected decline in annual prof
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UK Stocks-Factors to watch on Aug. 21

UPDATE 1-UK Stocks-Factors to watch on Aug. 21 Adds new items, updates FTSE 100 move Aug 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 1% lower on Wednesday, with futures FFIc1 u p 0.04% . * BARRATT-REDROW DEAL: Britain's competition regulator said on Wednesday it has " reasonable grounds to believe " that homebuilders Barratt BDEV.L and Redrow RDW.L would complete their merger following a court approval of the scheme.
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UK watchdog says Barratt-Redrow merger remedies may win nod

UPDATE 1-UK watchdog says Barratt-Redrow merger remedies may win nod Adds context of CMA probe in paragraph 3 Aug 21 (Reuters) - The UK competition regulator has "reasonable grounds to believe" that the remedial measures offered by homebuilders Barratt and BDEV.L and Redrow RDW.L may be accepted, paving the way for the completion of their proposed merger, it said on Wednesday.
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Barratt Says CMA Has Until Oct. 18 To Decide Whether To Accept Undertakings For Redrow Deal

BRIEF-Barratt Says CMA Has Until Oct. 18 To Decide Whether To Accept Undertakings For Redrow Deal Aug 21 (Reuters) - Barratt Developments P L C BDEV.L : BARRATT DEVELOPMENTS REDROW PLC - COMBINATION UPDATE BARRATT: CMA HAS UNTIL 18 OCTOBER 2024 TO DECIDE WHETHER TO ACCEPT UNDERTAKINGS FOR REDROW DEAL BARRATT: LAST DAY OF DEALINGS IN, AND FOR REGIST
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UK's CMA Believes Barratt/Redrow Will Complete Merger

BRIEF-UK's CMA Believes Barratt/Redrow Will Complete Merger Aug 21 (Reuters) - CMA: COMPETITION AND MKTS - MERGER UPDATE: BARRATT/REDROW IEO ANNOUNCEMENT CMA: REASONABLE GROUNDS TO BELIEVE THAT PARTIES WILL COMPLETE MERGER FOLLOWING A COURT-APPROVED SCHEME OF ARRANGEMENT UK'S CMA- INITIAL ENFORCEMENT ORDER WILL TAKE EFFECT UPON COMPLETION OF BARRAT
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UK competition watchdog believes Barratt-Redrow deal nearing completion

UK competition watchdog believes Barratt-Redrow deal nearing completion Aug 21 (Reuters) - Britain's competition regulator said on Wednesday it has "reasonable grounds to believe" that homebuilders Barratt and BDEV.L and Redrow RDW.L would complete their merger following a court approval of the scheme. Reporting by Aby Jose Koilparambil in Bengalur
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Court Sanctions Barratt-Redrow Deal

BRIEF-Court Sanctions Barratt-Redrow Deal Aug 20 (Reuters) - Redrow RDW.L : REDROW PLC BARRATT DEVELOPMENTS - COURT SANCTION OF SCHEME OF ARRANGEMENT REDROW PLC BARRATT DEVELOPMENTS - COURT SANCTION OF SCHEME OF ARRANGEMENT REDROW PLC - COURT HAS ISSUED COURT ORDER SANCTIONING SCHEME Source text for Eikon: ID:nRST1272Ba Further company coverage: BD
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UK Stocks-Factors to watch on Aug. 20

UPDATE 1-UK Stocks-Factors to watch on Aug. 20 Adds new items, updates FTSE 100 move Aug 20 (Reuters) - Britain's FTSE 100 .FTSE index opened down 0.2% on Tuesday. * ANTOFAGASTA: Chilean miner Antofagasta ANTO.L posted a 5% increase in half-year profit on Tuesday, as higher copper prices more than offset lower sales. * ANGLO AMERICAN: First-round bids for Anglo American's AAL.L Australian metallurgical coal mines are due by Sept.
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UK Stocks-Factors to watch on Aug. 20

UK Stocks-Factors to watch on Aug. 20 Aug 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.3%. * ANGLO AMERICAN: First round bids for Anglo American's AAL.L Australian metallurgical coal mines are due by Sept. 9, two sources told Reuters. * OIL: Oil prices edged lower as Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, helping ease worries about a supply disruption in the Middle East.
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British Business - Aug 20

PRESS DIGEST-British Business - Aug 20 Aug 20(Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Energy bills for most households in Britain are expected to rise by an average of 146 pounds ($189.60) to 1,714 pounds a year from October 1, as wholesale gas prices rebound amid mounting global political turmoil.
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FTSE 100 ends higher on miners boost, rates optimism

UPDATE 1-FTSE 100 ends higher on miners boost, rates optimism For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.6%, FTSE 250 adds 0.5% Metal mining stocks lead gains Barratt says regulator's concern waived for Redrow acquisition Plus500 sees annual results above market view, shares jump Updated at 1615 GMT By Khushi Singh and Purvi Agarwal Aug 19 (Reuters) - London stocks ended higher on Monday, boosted by a rise in metal min
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Quantum Capital Group Updates: AMD Aug 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1950 GMT on Monday: ** Quantum Capital Group will acquire certain Caerus Oil and Gas assets, including debt, for about $1.8 billion. nL4N3K614M ** APA Corp APA.O is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be valued at about
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