Buoyant UK housing market boosts Rightmove
30th Jul 2014 11:04
The UK housing market is continuing to grow despite a mortgage lending clampdown, boosting half-year profits at property website Rightmove. The market had improved so far in 2014 with year-on-year transactions up by a quarter and an increasing number of customers, Rightmove said in its results for
Read moreWednesday broker round-up UPDATE
30th Jul 2014 09:50
Antofagasta: Westhouse Securities downgrades from add to neutral with a target price of 885p. Investec places its target price (prev.: 690p) under review, while keeping its sell recommendation. Aureus Mining: FinnCap lowers target price from 66p to 62p maintaining a buy recommendation. British Ame
Read moreBroker tips: Rio Tinto, Aggreko, Capita, Rightmove
9th Jun 2014 12:59
Credit Suisse has maintained its 'outperform' rating for diversified mining group Rio Tinto, saying it prefers the UK-listed stock over Brazilian rival Vale. Credit Suisse believes that the market is "correctly anticipating" a return to positive free cash flow and shareholder returns at Rio Tinto,
Read moreCanaccord downplays threat from new rivals at Rightmove
9th Jun 2014 12:16
Canaccord Genuity has kept a 'buy' recommendation and 2,600p target price for online estate agent portal Rightmove, downplaying the potential impact from newcomer to the market Agents' Mutual (AM). In an interview with The Telegraph, AM's Chief Executive Ian Springett said that the company has sign
Read moreRightmove Chairman sells 7m pounds of shares
27th May 2014 15:09
Rightmove's Chairman Scott Forbes has offloaded nearly a half of a holding in the property website group, selling over seven million pounds in shares. Forbes, who has been in his current role since 2005, sold 300,000 shares at an average price of 2,350.81p each, raising a total of £7.05m. Followin
Read moreFTSE 250 movers: 3i rises on good start to the year
14th May 2014 14:29
Private equity group 3i Group rose into the top spot after it said it was starting the year with good momentum and ambitious plans, after unveiling results that showed an encouraging improvement in net asset value (NAV). With private equity realisations reaping £669m, up 43% over opening value, the
Read moreFTSE 250 movers: Icap falls on FX trading volume decline
7th May 2014 14:41
Interdealer broker Icap was sharply lower on Wednesday after it reported a decline in its foreign exchange trading volumes in April. Pub group JD Wetherspoon also fell after it voiced uncertainty about fourth-quarter trading, with sales having slowed in the last few weeks. Wetherspoon said it had
Read moreLondon midday: Stocks slip on mixed earnings, Ukraine tensions
7th May 2014 11:57
- Markets give mixed reaction to corporate earnings - Ukraine tensions continue to rise - Investors nervous ahead of Yellen speech techMARK 2,783.30 -0.31% FTSE 100 6,773.54 -0.37% FTSE 250 15,890.46 -0.30% A flurry of mixed corporate earnings pushed UK markets lower on Wednesday morning, while in
Read moreLondon open: Ukraine concerns dampen stocks early on
7th May 2014 09:25
- L&G, G4S, Sainsbury and ITV lead risers - WM Morrison, ex-div stock provide a drag - Ukraine tensions continue to rise - Markets nervous ahead of Yellen speech techMARK 2,784.08 -0.29% FTSE 100 6,774.00 -0.36% FTSE 250 15,870.07 -0.43% Ongoing tensions in Ukraine and a host of mixed corporate ea
Read moreLondon open: Ukraine concerns dampen markets early on
7th May 2014 08:24
- L&G, G4S, Sainsbury and ITV lead risers - WM Morrison, ex-div stock provide a drag - Ukraine tensions continue to rise - Markets nervous ahead of Yellen speech techMARK 2,785.10 -0.25% FTSE 100 6,779.09 -0.29% FTSE 250 15,870.62 -0.43% Ongoing tensions in Ukraine and a host of mixed corporate ea
Read moreRightmove upbeat as UK housing market continues to flourish
7th May 2014 08:23
- Positive start to 2014 - Housing market continues to pick up - Confident of meeting full-year guidance Property website Rightmove said the positive start to 2014 has continued as the UK property market improves and is confident of meeting full-year targets. Page impressions were up 14% on the s
Read moreFTSE 250 movers: Momentum stocks under selling pressure
7th Apr 2014 15:52
Ocado, Rightmove and PayPoint were registering heavy losses on Monday as technology-focused stocks bore the brunt of the wider market sell-off. UK markets were following last week's trend in the States where high growth, 'momentum shares' fell sharply as investors booked profits after the recent sur
Read moreLondon midday: Housing stocks lead markets lower
7th Apr 2014 11:42
- Markets pull back from one-month high - Crimea unrest dampens risk appetite - Housing stocks provide a drag techMARK 2,748.24 -0.80% FTSE 100 6,652.02 -0.65% FTSE 250 16,327.20 -0.65% UK stocks were firmly lower on Monday morning, pulling back after hitting a one-month high, as markets tracked a
Read moreEx-Asos man Williams dips in on arrival at Rightmove
19th Mar 2014 15:57
Peter Williams, a new non-executive director at property website Rightmove, has made a significant statement about his confidence in the company with a 99,463 pounds purchase of shares just over a month after his appointment. Williams filled a similar independent role at online retailer Asos for ei
Read moreFriday broker round-up UPDATE
14th Mar 2014 09:07
Barclays: Nomura reduces target price from 305p to 285p staying with its buy recommendation. Investec lowers target price from 305p to 295p and keeps its buy recommendation. Ferrexpo: Westhouse Securities increases target price from 190p to 220p and reiterates a buy recommendation. F&C Asset Manag
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