Homes, margins and training

Friday 11 December 2015

The headline index kicked off the last session of the week on the back foot taking its cue from a mixed start in Asia, amid fears of a depreciating Yuan and a continued slide in oil prices.

“Britain’s housing booming shows no sign of abating with housebuilder Bellway (LSE:BWY) expecting to sell more homes and higher prices in its financial year to the end of July,” says AJ Bell Investment Director Russ Mould.

“Bellway delighted investors by seeing robust demand even during the quieter summer months. Its reservation rates since the start of August are 12% up on a year ago and completions are set to be 10% higher than the 7,752 it completed in the 2015 financial year with prices around 10% higher too.

“Capita (LSE:CPI) put any disappointment over being outbid by CSC for Xchanging to one side with a bullish update on trading. The group is on track to deliver low double digit underlying revenue growth and expects underlying operating margins to be within its target range of 12.5%-13.5%.

“Training services provider Pennant International’s (LSE:PEN) shares tumbled after it warned that second half losses would be greater than the first six months due to delays in contracts. But the group believes the outlook is positive with a strong order book for 2016-17.”

These articles are for information purposes only and are not a personal recommendation or advice.