Bovis Homes, William Hill and Clarksons

“Equities were broadly flat in early trading following mixed turns on Wall Street on Friday and Asia this morning with traders reflecting on reports that the UK's departure from the EU could be delayed until late 2019,” says AJ Bell Investment Director Russ Mould.
 
“Bovis Homes is bullish about its full year performance after a strong first half when it delivered a record number of homes. Bovis has suffered no EU referendum hangover with average prices up by 14% and interest shown by potential home buyers resilient in the wake of the Brexit vote. Bovis has already achieved more than 90% of its planned home sales for the year with more than four months still to go.

“Bookmaker William Hill continues to reject overtures from 888 and Rank. William Hill’s board sees no merit in talking with its would-be suitors as it believes a combined group would not enhance the group’s strategic positioning or deliver superior value for shareholders compared with the ongoing strategy. This is focused on increasing diversification by growing the group’s digital and international businesses.

“Shipping services group Clarksons had a robust first half performance despite continued challenging conditions in many of its markets.  The global shipping industry is experiencing the most challenging rate environment seen in many years but the group believes it is well placed to take advantage of upturns in its markets when they come.”

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