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Stephen Rawlinson
29 June 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 29th June 2017

Babcock has announced it has won a contract and Civitas has spent some more of its equity on social housing stock and Utilitywise has a new FD and an accounting issue has been identified. Kier was the best performer yesterday as its update was seen as reassuring.

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Stephen Rawlinson
28 June 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 28th June 2017

Kier’s trading year end update ahead of a CMD tomorrow is the main news this morning. The one-offs will attract attention but should not be allowed to overshadow what appear to be positive results to come in most areas of the operations. The moves yesterday were almost all downwards. The reality that interest rates are going up at some point, the UK economy is slowing and that political uncertainty is creating delays is starting to be realised.

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Stephen Rawlinson
23 June 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 23rd June 2017

Workspace has the floor to itself this morning with its £159m acquisition of Salisbury House in Finsbury Circus. Moves yesterday were in a tight range with Grafton leading the way rising just 1% to 733.0p and Balfour Beatty suffering a little, along with other contractors, down 1.6% to 277.8p.

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Stephen Rawlinson
22 June 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 22nd June 2017

James Latham, a £200m revenue a year timber merchant, reported its finals to end March 2017 this morning. Capita topped the leader board again yesterday with a 3.8% rise to 696p as big brokers start to change view. Are there other examples of stocks that are substantially out of favour but have strong market positions you may ask?

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Stephen Rawlinson
21 June 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 21st June 2017

Berkeley’s finals for the year to end April are as candid as usual. The key message is that Berkeley is doing a good job of building new homes and making valuable contributions to society (e.g. apprenticeships, social housing units, taxes paid, charities to which the company has donated) despite the headwinds being created by the politicians (e.g. stamp duty, mortgage relief on BTL loans, Brexit, planning system). The moves yesterday included only small changes.

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Stephen Rawlinson
20 June 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 20th June 2017

The moves yesterday saw G4S lead the table with a 4.6% rise to 336p. Homeserve was the worst performer, down 1.1% to 779p a move that is within the scope of trading on the day.

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