Rightmove 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
Read moreGoldman foresees 'strong recovery' in UK housing market
12th Mar 2014 13:16
Goldman Sachs has upgraded Crest Nicholson from 'buy' to 'conviction buy', saying that the focus of the UK housebuilding sector is shifting from earnings to dividends after a strong reporting season. "Eight of the 12 UK housing-related companies under our mid-cap coverage have recently reported res
Read moreWednesday broker round-up UPDATE
12th Mar 2014 09:03
Ashtead Group: Citi raises target price from 850p to 1075p keeping a buy recommendation. Barratt Developments: Goldman Sachs reduces target price from 527p to 502p and downgrades to neutral. British Land: Jefferies downgrades to hold with a target price of 707p. Brooks Macdonald Group: Canaccord
Read moreTuesday broker round-up UPDATE
11th Mar 2014 09:03
Aviva: RBC Capital takes target price from 400p to 550p upgrading to neutral. Nomura increases target price from 489p to 625p and reiterates a buy recommendation. Balfour Beatty: Citi raises target price from 220p to 310p maintaining a neutral rating. Goldman Sachs reduces target price from 335p to
Read moreMonday broker round-up UPDATE
10th Mar 2014 08:43
African British Foods: UBS raises target price from 2890p to 3300p and keeps a buy recommendation. BBA Aviation: Citi ups target price from 335p to 385p and reiterates a buy recommendation. Capita Group: Liberum Capital increases target price from 880p to 1100p upgrading to hold. Centrica: Credit
Read moreFriday broker round-up UPDATE
7th Mar 2014 09:39
AGA Rangemaster: N+1 Singer ups target price from 175p to 192p and maintains a buy recommendation. Aggreko: JP Morgan lowers target price from 1542p to 1536p and maintains a neutral rating. Goldman Sachs increases target price from 1876p to 1950p and keeps a buy recommendation. Numis upgrades to re
Read moreTuesday broker round-up UPDATE
4th Mar 2014 09:37
Abcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreFriday broker round-up UPDATE
28th Feb 2014 09:51
Barratt Developments: Liberum Capital ups target price from 430p to 468p and keeps a buy recommendation. Deutsche Bank takes target price from 394p to 452p and retains a buy recommendation. Citi raises target price from 390p to 460p and maintains its buy recommendation. Bodycote: FinnCap increases
Read moreRightmove full-year profits up as web traffic soars
28th Feb 2014 08:15
Property website firm Rightmove said 2013 full year pre-tax profits were up to 97m pounds from 83.2m boosted by a 17 percent jump in revenues to 139.9 pounds. It said the outlook for 2014 continued to be positive as consumers and customers "become ever more digital" and could be boosted by a recove
Read moreFTSE 250 movers: Centamin jumps on reports of Egyptian law changes
24th Feb 2014 15:01
Shares of Centamin rose strongly on reports the Egyptian government's redrafted investment laws will prevent challenges from third parties on deals formed between the government and investors. According to Reuters, the news came from a cabinet source. Currys and PC World owner Dixons Retail has co
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