UK Housing Market Slowdown Hits Builders

Tuesday, July 26, 2016

The FTSE 100 edged higher on Tuesday, but the housing sector was hit hard by concerns about the Brexit uncertainty. Leading shares climbed slightly, after positive news from BT and GKN helped the index, but housebuilders have continued to decline. The Brexit vote hit the UK economy hard, and some of the UK’s biggest cities have seen demand for housing fall sharply.

Analysts at Deutsche Bank slashed their price targets for UK housing companies, but overall they remain positive about the sector, noting that even with the assumptions they have made about the sector, there are still some strong investment opportunities.

Deutsche Bank said that their new analysis has led to a 50% reduction in their EBIT estimate, and a 60% reduction in expected profit before...

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CompanyPriceChange
Hochschild Mining252.30p25.40 % rise11.19 %
Virgin Money Holdi..266.00p21.30 % rise8.70 %
Provident Financial2,748.00p148.00 % rise5.69 %
Ibstock157.20p8.20 % rise5.50 %
Mondi1,531.00p63.00 % rise4.29 %
CompanyPriceChange
Man Group112.80p9.60 % fall7.84 %
Capital & Counties..280.60p15.80 % fall5.33 %
Countryside Proper..219.80p11.70 % fall5.05 %
Tesco155.50p6.60 % fall4.07 %
Savills657.00p25.00 % fall3.67 %

IndexValueChange
FTSE 1006,724.0313.90 % rise0.21 %
FTSE 25017,069.1021.88 % fall0.13 %
FTSE 3503,703.395.64 % rise0.15 %
FTSE Small Cap4,698.374.69 % rise0.10 %
FTSE All Share3,644.505.49 % rise0.15 %
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TIDMCompanyPriceChangeChange %Day's Volume
LLOYLloyds Banking Group54.13p0.33 % rise0.61 %161,405,121
AXMAlexander Mining0.14p0.01 % rise10.00 %57,975,163
REMRare Earth Minerals Limited0.52p0.04 % rise9.57 %54,137,216
SXXSirius Minerals28.00p1.75 % rise6.67 %47,179,639
BT.ABT Group399.70p12.20 % rise3.15 %36,287,991
VASTVast Resources0.28p0.02 % rise10.00 %34,758,894
GLENGlencore186.90p1.50 % rise0.81 %31,442,792
SRESSunrise Resources0.22p0.03 % rise16.22 %28,876,979
RRLRange Resources Ltd. (DI)0.42p0.04 % rise9.09 %24,385,336
HSBAHSBC Holdings494.00p4.20 % rise0.86 %22,938,523
CYANCyan Holdings0.19p0.01 % rise4.05 %21,944,192
PROXProxama0.42p0.02 % rise6.25 %20,184,782
ALBAAlba Mineral Resources0.19p0.01 % rise5.63 %19,037,659
LEGLegendary Investments0.26p0.02 % rise10.42 %17,718,897
POGPetropavlovsk6.80p0.15 % rise2.26 %17,500,043
CTAGCloudtag Inc4.98p0.20 % rise4.19 %14,043,648
PREMPremier African Minerals Ltd0.68p0.02 % rise3.85 %11,603,084
IAUSiShares III iShares MSCI Australia Ucits ETF$ 29.470.27 % rise0.92 %10,326,258
GSKGlaxoSmithKline1,667.00p10.00 % rise0.60 %9,054,324
BABAE Systems534.50p1.50 % rise0.28 %9,048,453

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