Rightmove posts similar rise in business to last year
6th Nov 2014 08:04
Property website Rightmove reported a similar increase in business to last year as the UK housing market stabilised, but said it was trading in line with full-year expectations. The group said membership was up 2% since the first half of the year and 5% in the year to date, reaching a record 19,320
Read moreBroker tips: Shire, ARM Holdings, Transport, Real estate
21st Oct 2014 12:55
Panmure Gordon chose to reiterate its 'buy' recommendation on Shire even though the $54bn pursuit by Abbvie is now officially over, highlighting an "opportunity" for investors to pick up shares after recent falls. Analyst Savvas Neophytou said that the company's rare diseases business still remains
Read moreCredit Suisse sees limited threat from Agents' Mutual at Rightmove and Zoopla
21st Oct 2014 09:41
Credit Suisse has highlighted an "attractive entry point" for potential investors of Rightmove and Zoopla, downplaying concerns about the threat to the UK estate agent portal industry from newcomer Agents' Mutual. The bank slashed its target price for Rightmove from 3,100p to 2,655p and for Zoopla f
Read moreTuesday broker round-up UPDATE
21st Oct 2014 08:50
African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating. Anglo American: JP Morgan raises target price from 1240p to 1310p, while leaving its underweight rating unchanged. Investec increases target price from 1573p to 1603p and stays with its buy reco
Read moreLondon close: Shares near year-lows as economic woes weigh
10th Oct 2014 15:59
The London market moved closer to year-lows on Friday as crude and metal prices fell amid fears of a renewed global economic downturn. The FTSE 100 Index closed 91.88 points down at 6339.97, slightly above its 2014 low of 6,328, as traders reflected on a week of negative European economic data. The
Read moreWednesday broker round-up UPDATE
24th Sep 2014 09:15
Aggreko: Morgan Stanley ups target price from 1350p to 1375p, while leaving its underweight rating unaltered. Alliance Pharma: Canaccord Genuity lowers target price from 35p to 33p reiterating its hold recommendation. Close Brothers Group: UBS moves target price from 1420p to 1430p and keeps a neut
Read moreBroker tips: Morrison, Rightmove, Petra Diamonds
9th Sep 2014 12:59
Comments from Citigroup were giving the share price of Wm Morrison a boost on Tuesday as it upgraded its rating on the stock from 'neutral' to 'buy' and said that the company's 7.5% dividend yield is "safe". Analyst Pradeep Pratti said that the company should generate around £350m of free cash flow
Read moreCanaccord downgrades Rightmove after recent run
9th Sep 2014 12:20
Canaccord Genuity has lowered its rating for estate agents portal Rightmove from 'buy' to 'hold', saying that it sees littles upside after the stock's recent good performance. Since 30 July when the company reports its half-yearly results, the shares have risen 8% to 2,456p, outperforming the market
Read moreBroker tips: Rightmove, Henry Boot, Hyder Consultancy, London Mining
22nd Aug 2014 12:45
Take profits at Rightmove, Westhouse Securities recommended investors on Friday after the recent rally in the stock, downgrading its rating from 'add' to 'neutral'. While analyst Roddy Davidson was "encouraged" by recent positive trading momentum and Rightmove's confident outlook, he said: "We rema
Read moreWesthouse recommends investors to take profits at Rightmove
22nd Aug 2014 11:22
Take profits at Rightmove, Westhouse Securities recommended investors on Friday after the recent rally in the stock. The company, which runs an online real estate portal, has seen its share price appreciate 11% since Westhouse upgraded the stock to 'add' following its interim results on 30 July, ou
Read moreFriday broker round-up UPDATE
22nd Aug 2014 08:39
Ashtead Group: Berenberg raises target price from 1110p to 1145p maintaining its buy recommendation. Bank of Georgia: Peel Hunt increases target price from 2416p to 2600p and reiterates a hold recommendation. Boot (Henry): Numis upgrades from add to buy with a target price of 254p. Howden Joinery
Read moreSunday newspaper round-up: Mark Carney, Carillion-Balfour, Tesco
17th Aug 2014 15:49
The UK economy is more than halfway to full recovery, the Governor of the Bank of England (BoE) told the Sunday Times. Mark Carney, in an interview marking the first anniversary of his forward guidance policy, told the paper economic expansion was proceeding and that momentum was more assured. "Wher
Read moreLondon close: Stocks slightly higher as geopolitical risk decreases
14th Aug 2014 17:22
- Putin says seeks to de-escalate tensions with Ukraine - Finnish Prime Minister says EU not preparing further sanctions against Russia - France tosses out 2014 deficit reduction target techMARK 2,749.57 +0.40% FTSE 100 6,685.26 +0.43% FTSE 250 15,675.56 +0.95% Stocks ended the session slightly hi
Read moreFTSE 250 movers: Carillion piles pressure on Balfour Beatty for merger
14th Aug 2014 17:04
Carillion led gains. On Thursday the company piled pressure on rival Balfour Beatty to resume merger talks by revealing that it had held meetings with several of Balfour's major shareholders. The construction group said it had told the investors that the merger could save at least £175m a year by th
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
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