Robust 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
Read moreLondon open: Footsie plummets in early trading
3rd Aug 2011 08:31
The Footsie plummeted in early trading and stood firmly below the 5,700 level, losing more than 1.5%. Disappointing US economic data has more than offset relief that the US debt ceiling law has been passed, and is overshadowing a busy morning for company announcements. Meanwhile, renewed fears o
Read moreLondon pre-open: London participates in global sell-off
3rd Aug 2011 07:46
Equity markets are in retreat worldwide, and London is no exception, with City traders tipping that the Footsie will open around 87 points lower. Disappointing US economic data has more than offset relief that the US debt ceiling law has been passed, and is overshadowing a busy morning for company
Read moreUK market drives Rightmove's growth
3rd Aug 2011 07:10
The general increase in home hunting activity and the rapid increase in the use of mobile devices is proving a boon for property listings web site Rightmove. Revenue in the first half of 2011 was up 20% to £47.0m from £39.2m the year before. Underlying operating profit over the same period was up
Read moreWednesday preview: Standard Chartered, GKN, L&G ...
2nd Aug 2011 17:17
Banks results season continues with emerging markets-focused Standard Chartered shuffling into the spotlight on Wednesday at the unholy time of 5:30am (London time). Japanese broker Nomura - quite possibly the only broker likely to be awake when the figures come out - predicts first half profit bef
Read moreThursday tips round-up: Sage, Rightmove, BBA
5th May 2011 06:28
Sage makes software for small and medium-sized enterprises, allowing them to keep track of the books. Revenues fell by 5% the year before last and were pretty well flat last year, although they began to pick up in the second half. The shares are on almost 15 times' this year's earnings, hard to just
Read moreSlow down in page views growth at Rightmove
4th May 2011 12:58
Property web site operator Rightmove found the market hard to please on Wednesday, as the growth in page views on the site slowed down in the first quarter of 2011. Page views on the Rightmove.co.uk website during the first three months were up by around 15% on the same period a year ago, and on ma
Read moreHousing stuck in doldrums says Rightmove
21st Mar 2011 07:52
Asking prices for houses in England and Wales rose last month according to online estate agent Rightmove, though most of the activity is centred on the top end of the market Rightmove's survey showed prices in March were 0.9% higher than a year earlier, compared with 0.3% in February, with the ave
Read moreLondon close: FTSE 100 back above 6,000 as oil retreats
25th Feb 2011 16:47
Shares surged past 6,000 heading into the weekend as a Saudi pledge to pump more oil if needed reassured markets following the turmoil in Libya. The London Stock Exchange, which recently switched over to a new computer system, suffered an embarrassing glitch which resulted in the exchange shutting
Read moreFTSE 250 movers: Spectris surges ahead
25th Feb 2011 16:01
There are some big risers on the FTSE 250 today, led by instruments group Spectris which is up 13% after doubling profits in 2010. Following suit with strong full-year figures is textile rental group Berendsen and bingo hall and casino operator Rank. Rightmove was also among the risers despite rev
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