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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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