Thursday preview: MPC expected to keep its powder dry
7th Nov 2012 15:55
Despite an incredibly busy company results schedule on Thursday, investors will be forgiven for being a touch distracted as they wait for the Bank of England's decision on its asset purchase programme (quantitative easing, or QE), due out at noon. Though the suspicion is that there is a sizeable mi
Read moreWeek Ahead: Morrisons, M&S, Rightmove, BoE QE
2nd Nov 2012 09:28
The third quarter trading update season moves into overdrive next week, with statements from the likes of HSBC, Marks & Spencer (M&S), Associated British Foods, Aviva, Morrisons and RSA, plus controversy magnets G4S and Bumi. On the economic front, the Bank of England will reveal whether it is going
Read moreTuesday broker round-up - UPDATE
30th Oct 2012 08:23
African Barrick Gold: Nomura cuts target from 605p to 525p, buy rating kept. Aggreko: Seymour Pierce keeps buy rating and 2,500p target. Aquarius Platinum: Seymour Pierce keeps reduce rating and 34p target. ARM Holdings: Jefferies raises target from 485p to 693p, hold rating kept. ASOS: HSBC hik
Read moreWednesday broker round-up - UPDATE
3rd Oct 2012 09:06
African Barrick Gold: Westhouse Secuirites raises target from 464p to 495p. AG Barr: Panmure Gordon keeps hold rating and 440p target. AstraZeneca: Panmure Gordon downgrades from buy to hold, target cut from 3,100p to 3,000p. Barclays: UBS downgrades from buy to neutral, 235p target unchanged. B
Read moreFTSE 250 movers: Fund managers enjoying the global rally
7th Sep 2012 16:07
European Central Bank Chairman Mario Draghi is as popular today as the guy who stands in the bar and shouts 'the drinks are on me', after he unveiled the central bank's commitment to hoover up sovereign debt of Eurozone countries in the secondary market. The move has prompted a rally worldwide by s
Read moreThursday broker round-up
2nd Aug 2012 10:00
Aggreko: Investec keeps buy rating and 2,520p target. Antofagasta: UBS lifts tagged from 850p to 870p, sell rating unchanged. BAE Systems: Investec maintains hold rating and 290p target. Drax: AlphaValue downgrades to reduce. ENRC: UBS cuts tagged from 640p to 615p, buy rating maintained. Filtr
Read moreLondon close: Stocks higher despite remarks from German minister
1st Aug 2012 16:30
UK investors were in the mood to accentuate the positive on Wednesday, focusing on some solid trading updates and shrugging off disappointing manufacturing data. UK manufacturing production fell at its fastest pace in over two years in July, recording substantial declines in output and new orders.
Read moreSector movers: Rightmove not fazed by slow housing market
1st Aug 2012 16:06
Property web site Rightmove led the media sector higher on Wednesday after a sparkling update covering the first half of the year. Profit after tax increased 36% to £29.3m while underlying operating profit rose 28% to £42.6m for the six months ended 30 June 2012. Revenue jumped 23% to £57.9m. Ave
Read moreLondon midday: Footsie shrugs off PMI disappointment
1st Aug 2012 11:51
Footsie ended the morning close to its highest level of the day, despite UK manufacturing data giving investors pause for thought earlier on. UK manufacturing production fell at its fastest pace in over two years in July, recording substantial declines in output and new orders. Markit's Purchasi
Read moreRobust trading continues at Rightmove
1st Aug 2012 07:42
Property website Rightmove said trading in July continued to be strong and it is confident of achieving company expectations for the year. Profit after tax increased 36% to £29.3m while underlying operating profit rose 28% to £42.6m for the six months ended 30 June 2012. Revenue jumped 23% to £57.9
Read moreRightmove puts in strong first quarter
9th May 2012 08:59
Property website Rightmove has reported a 20 per cent year-on-year rise in traffic for the four months ended April 30th. Average revenue per advertiser (ARPA) grew strongly, as a result of sales of additional advertising products and price increases, putting the company in a strong position to ach
Read moreMonday broker round-up - UPDATE
27th Feb 2012 09:44
BP: Nomura maintains neutral rating and 500p target. HSBC: Seymour Pierce confirms buy rating and 800p target. Vedanta Resources: Credit Suisse reiterates neutral recommendation and 1,400p target. Marks & Spencer: UBS upgrades from neutral to buy, target lifted from 325p to 410p. Lloyds Banking
Read moreUsers still flocking to Rightmove
24th Feb 2012 07:39
Property listings web site Rightmove has seen a strong increase in traffic so far in 2012 although the number of advertisers using its site is showing little change. The company, which dominates the property portal scene to such an extent that its major rivals are merging in an attempt to compete m
Read moreRightmove performing well
10th Nov 2011 12:58
Property listings web site Rightmove has continued to show strong growth in revenue, earnings and cash generation over the past four months. However, the company saw its share price fall 1.66% after reporting that it acquired and subsequently cancelled 991,000 shares at a cost of £11.6m. In a st
Read moreThursday tips round-up: Rightmove, Legal &General, Taylor Wimpey
4th Aug 2011 06:49
The phenomenon that is Rightmove chalked up another rock-solid performance in the six months to June. The online property advertising platform seems unstoppable. The shares are a strong hold, even on a gloomy view of the economy and the housing market. Investors of a more sunny disposition should bu
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