Countrywide stumbles as private equity backers sell large stakes
14th Aug 2013 14:55
Shares in estate agent Countrywide stumbled after major backers Oaktree and Apollo both sold more than a quarter of their stakes and a director resigned. Two of Countrywide's three main shareholders, Oaktree Capital Management and Apollo Global Management, did not sell any shares as part of the F
Read moreFTSE 250 movers: Rentokil, Bank of Georgia, Hochschild, Countrywide
14th Aug 2013 13:23
Pest control and hygiene giant Rentokil Initial gained after raising its interim dividend by 4.5 per cent on the back of strong progress in the second quarter. Bank of Georgia Holdings rallied after posting record first-half revenues driven by retail, corporate and investment banking. Hochschild M
Read moreFTSE 250 movers: Fund manager Jupiter rockets after strong first half
1st Aug 2013 14:24
Shares in Jupiter Fund Management leapt on Thursday on the back of a strong set of half-year numbers which showed a strong investment performance and a nearly doubling of profits year-on-year. The results prompted the company to raise its interim dividend by two fifths. Sector peer Rathbone Brother
Read moreCountrywide seeing first signs of housing recovery
1st Aug 2013 08:15
Countrywide, the property services firm which re-listed in London earlier this year, said it delivered its strongest first-half financial performance since 2007 and gave an upbeat outlook for the UK housing market. Total income increased 4.0% from £249.4m to £258.8m in the six months to June 30th,
Read moreWednesday broker round-up UPDATE
10th Jul 2013 08:59
Anglo American: Goldman Sachs reduces target price from 1400p to 1100p and retains a sell recommendation. Antofagasta: Goldman Sachs takes target price from 935p to 810p reiterating its neutral rating. Babcock: JP Morgan increases target price from 1230p to 1380p and retains an overweight rating.
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