DMGT 's Zoopla to float at 200p-250p per share
5th Jun 2014 07:48
Property website Zoopla will float on the stock market with a price range of between 200p and 250 per share, owner Daily Mail & General Trust (DMGT) said on Thursday. The mid-point of the price range implied a market capitalisation for Zoopla of about £940m, DMGT said. The owner of the Daily Mail
Read moreNumis ups forecasts on DMGT after upbeat H1 results
22nd May 2014 14:28
Numis Securities has upped its forecasts on DMGT and reiterated its 'buy' recommendation after the newspaper publisher reported higher profits. Numis said it was increasing its pre-tax profit and earnings per share forecast on DMGT in 2014 from £285.4m/53.5p to £287.4m/54p and in 2015 from £308.3m/
Read moreDMGT to float Zoopla as H1 profits rise
22nd May 2014 09:06
Daily Mail & General Trust unveiled plans to float property website Zoopla as the newspaper publisher's half-year underlying operating profits rose 21 per cent to 160m pounds. DMGT, which publishes the Daily Mail and Mail on Sunday, said it would sell part of its 52.6% stake in Zoopla while investo
Read moreSunday newspaper round-up: AstraZeneca, Carney and housing, M&S
18th May 2014 10:57
Pfizer is weighing up a last-minute improvement to its indicative offer for AstraZeneca, the Sunday Times said. Pfizer is expected to increase the cash portion of its offer and could also increase the price per share before the May 26th deadline to secure a deal. It is also in talks with the Governm
Read moreSector movers: ITV, BSkyB weigh on media stocks
14th May 2014 15:08
Shares in broadcaster ITV dropped by nearly six per cent on Wednesday after the company underwhelmed with a first-quarter update, dragging the UK wider media sector lower. The company more or less met analysts' forecasts with total external revenues up 2% to £585m in the first three months of its f
Read moreZoopla's record results boost DMGT
6th May 2014 08:27
Zoopla Property, the property website majority owned by Daily Mail & General Trust, enjoyed record internet traffic, revenues and earnings in the six months to end-March. Average monthly visits increased 37% to 39.9m, with advertiser numbers climbing 8% and numbers of properties advertised 3%. Rev
Read moreDaily Mail & General disposes of two more businesses
3rd Apr 2014 12:20
Daily Mail and General Trust's (DMGT) digital recruitment business, Evenbase, has sold both its job distribution software business, Broadbean, and its job search engine, Jobrapido. The sales follow the disposal of its specialist recruitment job board, OilCareers, last month. Broad
Read moreThursday broker round-up UPDATE
3rd Apr 2014 09:05
Associated British Foods: Citi increases target price from 2350p to 3000p, while its neutral rating remains unchanged. Booker Group: Investec shifts target price from 172p to 178p retaining a buy recommendation. BSkyB: HSBC Holdings moves target price from 600p to 610p, while keeping its underweig
Read moreWednesday broker round-up UPDATE
2nd Apr 2014 08:48
Aberdeen Asset Management: Canaccord Genuity reduces target price from 540p to 460p, while its buy recommendation is kept. Anglo American: JP Morgan ups target price from 1260p to 1300p, while leaving its underweight rating unchanged. Aviva: JP Morgan raises target price from 528p to 570p maintain
Read moreBroker tips: Miners, RSA, DMGT, Polymetal
31st Mar 2014 12:46
Credit Suisse has named Rio Tinto and Anglo American as its top picks in the metals and mining sector. Rio Tinto, rated 'outperform', remains the bank's preferred "FCF/value play" and its potential for shareholder returns is "larger and could be sooner than any of its peer group". Meanwhile, Anglo
Read moreWesthouse upgrades Daily Mail and General Trust to 'add'
31st Mar 2014 11:20
The recent weakness in the share price of media conglomerate Daily Mail and General Trust (DMGT) has been overdone, according to Westhouse Securities, which has upgraded its rating on the stock from 'neutral' to 'add'. The stock fell sharply last Thursday after DMGT's second-quarter trading update
Read moreMonday broker round-up UPDATE
31st Mar 2014 10:41
African Minerals: Credit Suisse cuts target price from 280p to 200p maintaining a neutral rating. Anglo American: Credit Suisse reduces target price from 1900p to 1800p and retains an outperform rating. ARM Holdings: Barclays takes target price from 1125p to 1200p and reiterates an overweight reco
Read moreDMGT says bank cost-cuts hit Euromoney Institutional Investor
27th Mar 2014 08:38
Cost-cutting by banks and financial services companies is taking its toll on the Euromoney Institutional Investor (EII) arm of newspaper and business publisher Daily Mail & General Trust (DMGT). DMGT said EII, which is part of its business-to-business (B2B) division, was still facing tough markets,
Read moreWednesday broker round-up UPDATE
19th Mar 2014 09:00
Afren: Canaccord Genuity lowers target price from 185p to 180p and stays with its buy recommendation. Antofagasta: Westhouse Securities reduces target price from 1060p to 985p staying with its buy recommendation. Credit Suisse downgrades from neutral to underperform with a target price of 750p. JP
Read moreTuesday broker round-up UPDATE
18th Feb 2014 07:46
Aeorema Communications: Cantor Fitzgerald initiates with a target price of 90p and a buy recommendation. Aquarius Platinum: Investec shifts target price from 36p to 41p upgrading from sell to hold. Barclays: Jefferies shaves target price from 364p to 360p and keeps a buy recommendation. Brammer:
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