FTSE 250 movers: Broader rebound outweighs ongoing housing rout
30th Jun 2016 15:29
(ShareCast News) - The FTSE 250 continued to rally on Thursday alongside its blue chip sibling as a broad-based rebound across sectors outweighed continued softness for housing-related stocks after the Brexit vote. Half an hour before the close, the FTSE 250 was up 0.65% to 16,106.31. Some of t
Read moreHouse prices rise everywhere but London
20th Jun 2016 16:15
(ShareCast News) - House prices in the UK continued to rise in June, with London being the only place to see a decline in prices ahead of Thursday's referendum on the UK's place in the European Union. Fresh research from property website Rightmove on Monday showed the average asking price rose 0.8%
Read moreITV, Wolseley are Liberum's top-picks in case of Bremain, Brexit
20th Jun 2016 09:25
(ShareCast News) - Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said. The broker's 'top-picks' under a 'Remain', 'Leave' and 'Either way' scenario were, ITV, Wolseley and Bal
Read moreFriday newspaper round-up: Obama, Estate agents, Saga
22nd Apr 2016 06:57
(ShareCast News) - Barack Obama will appeal to voters today to ensure that Britain continues its "outsize influence" by remaining inside a European Union that "enhances its global leadership". The US president flew to the UK last night to make what David Cameron hopes will be one of the referendum c
Read moreMonday broker round-up
18th Apr 2016 14:31
(ShareCast News) - Thomas Cook: Berenberg upgrades to hold with a target price of 105p and Goldman Sachs reiterates sell with a 94p target. Rightmove: Investec upgrades to buy with a target price of 4400p. Spirax: RBC downgrades to sextor perform with a target price of 3700p. Polymetal: Deutsche B
Read moreUBS downgrades Zoopla due to ongoing OnTheMarket threat
7th Apr 2016 09:14
(ShareCast News) - UBS has downgraded Zoopla to a 'neutral' recommendation from 'buy' due to continued competetive pressures from rival OnTheMarket, but left Rightmove at 'buy'. UBS said its Evidence Lab research team had unearthed data on the UK property portal marketplace that indicated estate age
Read moreTuesday newspaper share tips: Rightmove, Next
29th Mar 2016 14:10
(ShareCast News) - Rightmove shares have jumped nearly twelve-fold since their stockmarket debut in 2006 but are likely to continue trading near record multiples, the Financial Times´s Lex column said. The company would seem to be the exception to the rule that excess profits attract new competitors
Read moreWednesday broker round-up
2nd Mar 2016 16:45
(ShareCast News) - Just Eat: JP Morgan reiterates overweight with a target price of 393p and Investec reiterates buy with a target price of 479p. Capital & Counties Properties: Morgan Stanley downgrades to underweight with a target price of 330p. Rightmove: Jefferies upgrades to hold with a target
Read moreBroker tips: Petrofac, ITV, Rightmove
2nd Mar 2016 12:48
(ShareCast News) - Investec downgraded Petrofac to 'hold' from 'buy' saying investors should pause for breath following the recent strong rally in the share price, but lifted the price target to 940p from 780p. "Debt is a dirty word in the oilfield services sector currently, and the unexpectedly sh
Read moreJefferies upgrades Rightmove on "robust" results
2nd Mar 2016 09:47
(ShareCast News) - Jefferies upgraded Rightmove to 'hold' from 'underperform' and lifted the price target to 3,600p from 2,131p following "another robust set of results". Jefferies upped its EBIT estimate for 2016 by 7% to £161.1m and its 2017 estimate by 11% to £178.7m. It said Rightmove operates
Read moreTuesday broker round-up
1st Mar 2016 15:11
(ShareCast News) - Rightmove: Canaccord downgrades to hold with a target price of 4100p and Deutsche Bank reiterates hold with a target price of 3200p. IAG: HSBC reiterates hold with a target price of 620p and Investec maintains buy, 740p target. Rio Tinto: RBC upgrades to sector perform with a tar
Read moreMonday broker round-up
29th Feb 2016 13:16
(ShareCast News) - IMI: JP Morgan reiterates overweight with a target price of 850p, Credit Suisse and Canaccord stays at underperform, Investec and HSBC keep at buy, 920p and 1000p target respectively, Exane BNP Paribas maintains neutral and Societe Generale reiterates hold. Jupiter Fund Management
Read moreMonday broker round-up
8th Feb 2016 15:02
(ShareCast News) - Petrofac: Goldman Sachs downgrades to neutral with a target of 909.8p. G4S: Jefferies downgrades to underperform with a target price of 170p. Cairn Energy: RBC keeps at outperform, 200p target. Wood Group: Goldman Sachs downgrades to sell, 517.6p target. Amec Foster Wheeler: No
Read moreRightmove posts strong H1 with more property listings and new customers
29th Jul 2015 09:48
(ShareCast News) - Property website Rightmove saw its half-year revenues and profits grow thanks to new customers and a rise in property listings. Revenues during the six months ended 30 June 2015 rose 16% to £93.1m and pre-tax profits increased 13% to £66.6m. Website visits increased 17% year-on-y
Read morePearson given low grade by Morgan Stanley on education angst
14th Jul 2015 12:02
(ShareCast News) - A note on the media and internet sector from Morgan Stanley weighed on Pearson shares on Tuesday, as the educational publisher was downgraded among a largely positive stance on its peers. After the sector outperformed in the first half of the year, Morgan Stanley's analysts moved
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