House market to stall says Rightmove
21st Jun 2010 08:08
House price inflation eased in June, with asking prices up by 0.3% on average down from a gain 0.7% in May as a wave of new houses came onto the market, according to property website Rightmove. Average asking prices are now £237,767 against £237,134 last month. The online agent estimates there was
Read moreThursday tips round-up: Logica, CSC, Rightmove
6th May 2010 06:06
Put Logica among the likely losers from a hung Parliament. The Government is by far the biggest customer of the IT services provider in its home market, accounting for 62 per cent of last year's UK sales. The company works on big-ticket technology projects for the Crown Prosecution Service, the Poli
Read moreLondon close: Late rally pares losses
5th May 2010 17:16
Though tomorrow is the day of the UK General Election all eyes were on Greece today, as at least three people were reported dead as violent protests erupted in central Athens against the planned introduction of austerity measures. Stocks came off the bottom towards the end of the session, though th
Read moreLondon afternoon: Greek riots rattle investors
5th May 2010 14:53
Footsie is now nursing a triple digit fall as the downward trend seen in the last hour of the morning session accelerated over lunch as US investors woke up to television footage of Greeks rioting in the streets. Civil unrest in Greece has sent the price of oil and metals into decline with a predic
Read moreLondon midday: Stocks turn south again
5th May 2010 12:19
Having recovered all the way back to last night's closing level shortly after 11:00am the Footsie headed south again for the remainder of the morning as the US futures markets suggested Wall Street will open lower. On a busy day for trading announcements Next is the most conspicuous faller despite
Read moreLondon open: Heading lower again
5th May 2010 08:47
Footsie has turned sharply after a steady opening half-hour as a number of gloomy comments about consumer spending have hit sentiment already shaky following yesterday's heavy falls on global markets. Next expects profits this year to be at the top end of market forecasts after sales in the first
Read moreRightmove confident after strong start
5th May 2010 08:09
Property website Rightmove said it is confident of meeting its improved expectations after a strong start to 2010. The company said use of its website by new home buyers continues to set new records, the number of advertisers on the site has climbed by 1% since December, with advertisers accepting
Read moreLondon close: Blue chips surge forward
26th Feb 2010 16:52
Footsie surged forward and closed in buoyant mood as buyers returned across a number of sectors despite disappointment with Lloyds Banking's results. Serco remains the best performer among Footsie stocks. The outsourcing group increased the dividend by a quarter as it ramped up profits by almost a
Read moreLondon afternoon: Stocks belcamed at higher levels
26th Feb 2010 14:23
Leading shares traded sideways over the lunchtime session, lacking any sort of lead from Wall Street, which is expected to open mixed as traders struggle through the snow storm engulfing New York to get into work. Serco remains the best performer among Footsie stocks. The outsourcing group increase
Read moreFTSE 250 movers: Rightmove leads the way
26th Feb 2010 12:46
Cost-cutting and an increase in average online spending helped property website Rightmove improve underlying profit in 2009, but income fell 1% at the pre-tax level. The group is currently the best FTSE 250 performer, up more than 8%. Profit before tax fell to £37.8m in the 12 months to 31 December
Read moreLondon midday:Stocks off the top
26th Feb 2010 12:22
Hopes that Footsie would claw back all of yesterday's losses look less likely to be realised after share prices came off the top late in the morning, though most stocks are still trading in positive territory. Serco remains the best performer among Footsie stocks. The outsourcing group increased t
Read moreLondon open: Footsie makes bright start
26th Feb 2010 08:50
London's blue chips have made a bright start after the late pick-up on Wall Street overnight, even though there is some disappointment with the figures from Lloyds Banking. The state-controlled bank joined sector peers Barclays and Royal Bank of Scotland in reporting better than expected figures.
Read moreLondon pre-open: Stellar gains ahead
26th Feb 2010 07:37
London's blue chips are expected to open sharply higher, with banking shares likely to be in focus after Lloyds reported full-year figures. Traders anticipate a 60 points gain when the market opens. Lloyds Banking joined sector peers Barclays and Royal Bank of Scotland in reporting better than expe
Read moreRightmove cost-cutting helps '09 numbers
26th Feb 2010 07:19
Cost-cutting and an increase in average online spending helped property website Rightmove improve underlying profit in 2009. Underlying operating profit for the 12 months to 31 December rose 2% to £41.9m on revenue down 6% to £69.4m. Pre-tax profit fell 1% to £37.8m from £38.2m. Revenues for the s
Read moreFriday preview: Lloyds' turn on the stand
25th Feb 2010 17:08
Lloyds Banking finally gets its turn at bat on Friday now that sector peers Barclays and Royal Bank of Scotland (RBS) have left the crease. After both peers delivered better than expected figures the pressure will be on Lloyds' chief executive Eric Daniels to justify the £2.3m bonus he elected not
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