Morgan Stanley cuts forecasts for Rightmove, Auto Trader and Zoopla
7th Jul 2016 14:17
(ShareCast News) - Morgan Stanley cut its forecasts and price share targets by varying degrees for internet players Rightmove, Auto Trader and Zoopla, but saw a higher price for Just Eat. UK internet stocks are still benefitting from structural growth, the bank said in a note to clients, also offeri
Read moreAuto Trader motors to profit in first listed year
9th Jun 2016 08:20
(ShareCast News) - Online car sales firm Auto Trader Group motored to a £155m pre-tax profit in its first full year as a listed company, up from £10.9m last year. Revenues rose 10% to £281.6m, while operating profits grew 27% to £169.6 million. Basic earnings per share from continuing operations of
Read moreDirector dealings: Big sale at Auto Trader, modest incentive for 32Red COO
6th Apr 2016 15:41
(ShareCast News) - The bid director deals of the day were undoubtedly the huge profits taken by Auto Trader's main executive management team a year after the company was spun out by the Guardian Media and Apax Partners. The sale of 8.7m shares by chief executive Trevor Mather and finance director Se
Read moreLondon pre-open: Stocks seen higher as investors eye FOMC minutes
6th Apr 2016 07:35
(ShareCast News) - London stocks were set for a firmer open on Wednesday as oil prices bounced back and investors awaited the release of the latest FOMC minutes. The FTSE 100 was seen opening 20 points higher than Tuesday's close at 6,111. Data out of China provided some encouraging news earlier, a
Read moreAuto Trader directors and managers sell £60m worth of shares
6th Apr 2016 07:10
(ShareCast News) - Auto Trader's chief executive and finance director have together sold £32.3m worth of shares in the company. Trevor Mather and Sean Glithero made the sale of 8.7m shares at a price of 370p after the expiry on 18 March of an agreed lock-up period from the FTSE 250 group's flotation
Read moreWednesday broker round-up
11th Nov 2015 11:19
(ShareCast News) - Auto Trader Group: Goldman Sachs downgrades to neutral. Target price: 415.00p. Fidessa Group: Finncap downgrades to sell, cuts target price to 1750.00p. Jupiter Fund Management: Barclays upgrades to overweight, lifts target price to 520.00p. Dcc: Exane BNP Paribas downgrades to
Read moreFTSE 250 movers: Miners and automotive links hit mid-caps
14th Sep 2015 17:05
(ShareCast News) - Like its larger benchmark counterpart, the FTSE 250 index pared early gains to finish Monday's session in negative territory. By the close, the second-line index was down 0.25% to 16,925.69 points. Platinum miner Lonmin, one of the index's most volatile stocks, was down by more t
Read morePearson given low grade by Morgan Stanley on education angst
14th Jul 2015 12:02
(ShareCast News) - A note on the media and internet sector from Morgan Stanley weighed on Pearson shares on Tuesday, as the educational publisher was downgraded among a largely positive stance on its peers. After the sector outperformed in the first half of the year, Morgan Stanley's analysts moved
Read moreLondon close: Stocks higher as focus shifts towards Greece
19th Mar 2015 17:30
UK equities registered slight gains as traders digested the policy announcement issued by the US Federal Reserve overnight and despite the renewed tensions evident in Greek funding markets. The Footsie ended the day 17 points higher at 6,962.32, with some effects from Wednesday's Budget from Chancel
Read moreLondon open: Footsie edges higher after Fed decision
19th Mar 2015 08:49
The Footsie began the morning higher as traders digested a surprisingly dovish set of macroeconomic projections from the US Federal Reserve overnight which set off sharp moves in all asset classes. At 09:15 the top flight index was 16 points higher at 6,961.30. As expected, the US central bank omit
Read moreAuto Trader motors after pricing IPO at 235p per share
19th Mar 2015 08:07
Auto Trader Group, the UK car classified company on Thursday priced 590m shares at 235p/share in its initial public offering in the London market. The stock jumped as high as 10% to trade at 268p, topping its IPO price. The company is raising £437m of net proceeds in the offer with its private equi
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