Zoopla zooms higher on uSwitch acquisition
30th Apr 2015 08:22
Zoopla, the residential property website group, has agreed to acquire utility price comparison site uSwitch for up to £190m. Zoopla, which is 31.8%-owned by the Daily Mail and General Trust (DMGT), said the purchase would create the "ultimate online property resource" with the purchase of uSwitch ow
Read moreEuromoney chairman Ensor to be replaced by Reuters boss
9th Apr 2015 13:13
Euromoney Institutional Investor has appointed Reuters UK chief Andrew Rashbass as its new executive chairman after Richard Ensor decided to step down after a 39-year tenure. Rashbass, who has previously been publisher and later chief executive of The Economist, will replace Ensor at the end of the
Read moreDaily Mail & General Trust full-year revenues up despite decline in print circulation
26th Nov 2014 11:26
Newspaper publisher Daily Mail and General Trust posted better-than-expected full year results on Wednesday, driven by its media and advertising businesses. The group's revenues rose to £1.81bn from £1.67bn while profit before tax rose to £267m from £178.5m. Westhouse Research analysts said its Mai
Read moreWednesday broker round-up UPDATE
1st Oct 2014 09:56
African Minerals: Canaccord Genuity reduces target price from 150p to 20p downgrading to hold. Avingtrans: FinnCap upgrades from hold to buy with a target price of 155p. Balfour Beatty: JP Morgan lowers target price from 220p to 200p, while upgrading to neutral. Blinkx: Numis places its buy recomm
Read moreMonday broker round-up UPDATE
22nd Sep 2014 11:28
Avation: WH Ireland shifts target price from 200p to 206p and maintains a buy recommendation BAE Systems: UBS raises target price from 460p to 505p and reiterates a buy recommendation. Centrica: Goldman Sachs ups target price from 385p to 396p leaving its buy recommendation unchanged. Chariot Oil
Read moreSector movers: M&A lifts media stocks as Perform and ITV rise
1st Sep 2014 14:36
M&A fever was driving media stocks higher on Monday with sports rights owner Perform Group surging and broadcaster ITV on the rise. Perform, which commercialises multimedia sports content across digital platforms, saw its shares rise 26.5% after the company confirmed it had received a takeover bid
Read moreFriday broker round-up UPDATE
1st Aug 2014 10:33
AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. Avacta: Numis places both its target price and its buy recommendation under review. Barclays: Berenberg upgrades from sell to hold with a target price of 220p. Bodycote: UBS shifts target price f
Read moreTuesday broker round-up UPDATE
29th Jul 2014 09:37
Abderdeen Asset Management: Berenberg cuts target price from 530p to 510p and maintains a buy recommendation. African Barrick Gold: Numis takes target price from 260p to 330p upgrading from hold to buy. Anglo American: Deutsche Bank increases target price from 1590p to 1650p and reiterates a hold
Read moreDaily Mail General Trust's Chairman sells £15.91m-worth of shares
4th Jul 2014 16:30
Viscount Rothermere, the Chairman of Daily Mail and General Trust, has traded in £15.91m-worth of shares in the multi-media and information company. Selling the stock at 860p a piece, Rothermere benefited from the rise seen in the group's share price this week, which has seen it climbed 5.56%, or
Read moreCranswick non-exec builds stake
23rd Jun 2014 16:27
Non-Executive Director Mark Reckitt has modestly increased his holding in food producer Cranswick with the purchase of 1,300 shares. The £15,795 deal, in which Reckitt bought the shares at 1,215p each, came around one month after the group, which is Britain's largest pork processor, shrugged off r
Read moreBroker tips: BT, Wm Morrison, Berkeley...
18th Jun 2014 12:41
BT and Virgin Media owner Liberty Global offer investors the best way to cash in on fixed-line telecom companies' assault on the mobile market, according to broker Goldman Sachs. Goldman said fixed-line players such as BT, which plans to launch business and household mobile products later this year
Read moreZoopla IPO a "decent result" for DMGT, says Investec
18th Jun 2014 11:05
The price of Zoopla's initial public offering (IPO) on Wednesday was a "decent result" for Daily Mail & General Trust (DMGT), according to Investec which maintained a 'buy' rating for the media group. The estate agent portal priced its IPO at 220p, at the "lowish end" of the 200-250p range, accordi
Read moreWednesday broker round-up UPDATE
18th Jun 2014 09:03
Ashtead Group: Barclays ups target price from 930p to 946p retaining its overweight rating. Berkeley Group: Numis upgrades from hold to buy with a target price of 2491p. Brown (N) Group: Oriel places its buy recommendation under review. BT Group: Jefferies ups target price from 440p to 470p and k
Read moreLondon pre-open: FTSE to rise ahead of BoE and FOMC releases
18th Jun 2014 07:40
Gains are expected on the top tier index this morning, driven by a decent performance in the US ahead of both the minutes of the most recent Bank of England (BoE) meeting and the conclusion of the latest policy meeting of the US Federal Open Market Committee (FOMC). City sources predict the FTSE 1
Read moreDMGT, Countrywide and LSL to cash in on Zoopla IPO at 220p
18th Jun 2014 07:06
Countrywide and LSL Property Services are set to raise nearly £20m each from the sale of shares in Zoopla's initial public offering (IPO) on Wednesday, while Daily Mail & General Trust could make as much as £190m. Zoopla has set its offer price at 220p per share, in between the targeted range of 20
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