Promo push boosts Moneysupermarket
2nd Aug 2011 10:42
Sponsoring the hit TV show 'Britain's Got Talent' helped Moneysupermarket.com maintain its status as one of the country's best known price comparison websites to post a sharp rise in profits in the half year to 30 June. Pre-tax profits climbed to £8.8m from £2m over the same period the previous yea
Read moreTuesday preview: Barclays, Weir, Moneysupermarket.com
1st Aug 2011 16:34
Having had time to digest the results from HSBC, next up on the banking results menu is Barclays. It has been just over three months since the bank updated the market, and last we heard, trading in April had seen a continuation of the trends seen in the first quarter. Broker Charles Stanley forecas
Read moreLondon close: BSkyB leads slide after US jobs disappointment
8th Jul 2011 16:49
Stocks finished firmly in the red after disappointing jobs data from the US, with satellite broadcaster BSkyB leading the slide as the fallout from the News of the World phone hacking scandal continues. Newspaper group News Corporation, which hopes to take over the 60% of BSkyB it doesn't already o
Read moreBroker tips: Burberry, Moneysupermarket.com, Safestore
8th Jul 2011 12:50
Credit Suisse kept its neutral rating and 1,310p target price for luxury brand Burberry, despite expecting the group to report another strong quarter on 13 July. The broker forecasts sales of £342m for the first quarter, an increase of 23% on the same quarter the year before. This figure will be dr
Read moreBroker snap: Peel Hunt raises numbers for Moneysupermarket.com
8th Jul 2011 12:14
Peel Hunt placed its target price and recommendation under review for price comparison website Moneysupermarket.com following the firm's strong first half trading update. The group said that overall revenue in the six months ended 30 June grew 23% to £88.3m, "suggesting [like-for-like] growth in Q2
Read moreLondon midday: BSkyB drags FTSE 100 lower
8th Jul 2011 12:07
The top share index is oscillating between gains and losses, with satellite broadcaster BSkyB the heaviest faller after the fallout from the turmoil at its suitor News International. News Corporation, which hopes to take over the 60% of BSkyB it doesn't already own, last night dramatically announc
Read moreLondon open: Financials lead gains
8th Jul 2011 08:40
Financial stocks were leading the risers on Friday morning, as the Footsie built on gains made on Thursday. Banking peers Barclays, Lloyds and RBS were among the best performers. Following suit were insurers Old Mutual, Aviva, Resolution, Prudential and RSA Insurance. Both Hammerson and British La
Read moreMoneysupermarket.com expects 23% rise in revenue
8th Jul 2011 07:18
UK price comparison site Moneysupermarket.com expects revenues to be around 23% ahead of last year when it reports its first half results next month. "Trading in the second quarter has been strong and consistent with the trends seen in the first quarter," the statement said. The company - which pr
Read moreFTSE 250 movers: Retailers take a hit as Home Retail dives
9th Jun 2011 15:58
Home Retail has taken a plunge after revealing an 8.1% fall in sales at its catalogue-based retailer Argos in the 13 weeks to 28 May. "Trading conditions, particularly at Argos, have proved to be more difficult and volatile than anticipated," chief executive Terry Duddy said. Retailing peers Dixon
Read moreBroker tips: Domino's, Bowleven, Moneysupermarket.com
9th Jun 2011 12:58
Panmure Gordon reduced its earnings forecasts for Domino's Pizza, reflecting the impact of start-up losses as part of the group's German expansion. "Management guidance is that expansion into Germany will dilute earnings per share (EPS) by circa 3-4% per annum [in] 2011-13." After factoring in the
Read moreBroker snap: Peel Hunt downgrades Moneysupermarket.com to 'hold'
9th Jun 2011 12:56
Peel Hunt has downgraded price comparison website Moneysupermarket.com from 'buy' to 'hold', in response to the recent strong run of the share price. The stock has risen by 21% over the past three months on the potential for upgrades to numbers given the trading momentum, analyst Malcolm Morgan not
Read moreMoneysupermarket.com confident for year ahead
4th May 2011 07:56
Price comparison website Moneysupermarket.com said it remains confident in prospects for the full year as consumers increasingly use its website to look for the best deals. The group, which offers money, travel, insurance and home services channels, said it is trading well ahead of the same, relati
Read moreMoneysupermarket.com FD raises nearly £1m
8th Mar 2011 16:49
Paul Doughty, the finance director of price comparison website moneysupermarket.com, has raised nearly £1m from a share sale. Doughty sold 1.08m shares at 90.1p a share, which still leaves him with just over 1.8m shares, or 0.36% of the company. He raised £974,000 from the sale. Doughty has been o
Read moreLondon close: Shares in late dive as Mideast worries resurface
1st Mar 2011 16:43
The spectre of higher oil prices sent a chill down traders' spines late in the afternoon, sending shares plummeting into the red. The turmoil in the Arab World is behind the spike in crude, with a barrel for April delivery rallying towards $100 in New York. Worries over the possibility of protests
Read moreLondon afternoon: Hard going for Footsie
1st Mar 2011 14:53
It's proving a struggle in London with not long to go until the close, as Wall Street fails to inject much excitement and miners either see gains trimmed or disappear completely. Aerospace and vehicles engineer GKN has few friends. It bounced back into the black last year as all divisions bar aeros
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