Zoopla returns to growth, confident on full year
12th Aug 2015 07:45
(ShareCast News) - Zoopla rallied after saying it has started winning back estate agents from its rivals and is confident of delivering full-year results in line with expectations. For the period 1 April to 31 July, UK agency membership returned to growth, with a net increase of 213 branches, having
Read moreUK house price growth accelerates in May, confirms ONS
14th Jul 2015 10:34
(ShareCast News) - UK house price growth bounced back in May, according to official figures, with average house prices increasing by 0.9% over the month after a fall the month before. While simultaneously released data showed the country's core inflation sank back to 0%, house price inflation increa
Read moreZoopla appoints new non-executive director
19th Jun 2015 09:46
Zoopla Property Group has appointed Vin Murria as an independent non-executive director, the group said on Friday. Murria, who left her role as chief executive of AIM-listed Advanced Software Group in March, will assume his new role from 1 July, FTSE 250-listed Zoopla said. Murria was named Quoted
Read moreMonday broker round-up
8th Jun 2015 08:04
Shire: Deutsche Bank reiterates buy recommendation and 6,000p target. Bellway: Deutsche Bank stays at hold with a 2,326p target price, Citi reiterates buy. Halfords: Deustche Bank remains at hold and ups target to 480p from 460p. Churchill Mining: Northland initiates coverage at 'speculative buy'.
Read moreFTSE 250 movers: Ladbrokes boosted by upgrade, property stocks lower
4th Jun 2015 13:19
Mid-caps were trading in the red on Thursday afternoon, as weakness in industrial metals, engineering and property stocks weighed on the market. As of 15:30 BST, the FTSE 250 was trading 0.66% lower at 18,142 points. Ladbrokes was making gains as broker Peel Hunt upgraded its rating on the stock to
Read moreZoopla completes uSwitch takeover
27th May 2015 16:48
Residential property website group Zoopla has completed the acquisition of utility price comparison site uSwitch for up to £190m. In a short statement released on Wednesday, the FTSE 250 group said it had received clearance from the Financial Conduct Authority to complete the transaction, which had
Read moreFTSE 250 movers: Synergy Health plunges on Steris takeover speculation, energy stocks lower
27th May 2015 12:34
UK stocks rebounded from the previous session's sell-off as gains made by tobacco, electronics and utilities outweighed weakness in mining and industrial metals. As of 14:00, the FTSE 250 was trading points 101.1 points higher at 18,200. Synergy Health topped the fallers, plummeting almost 17% on r
Read moreZoopla achieves record first half revenue
20th May 2015 08:58
Online property group Zoopla reported record revenue in the first half as audience numbers grew. Total revenue for the six months ended 31 March increased 10% to £42m, as average revenue per advertiser (APRA) rose 13% to £340 despite 16% less customers. The group said while UK agency churn has slowe
Read moreSector movers: Property and beverages shares keep London market in green territory
14th May 2015 15:12
Property, housebuilders and beverages shares kept the London market broadly in green territory on Thursday, as worries in Greece continued to lurk in the background. At 16:24 BST, the FTSE 100 was trading at 6,964.17 up 0.21% or 14.54 property and housebuilding continuing to trade higher off the bac
Read moreFTSE 250 movers: Keller hit by delays and weak US market, property stocks surge
14th May 2015 12:57
UK stocks rebounded from early losses by mid-afternoon, but recovery remained capped by concerns of Greek instability. Sector-wise, miners and computer services provided the biggest drag, while property stocks and insurers provided a welcome boost. At 2:30 BST, the FTSE 250 was trading 50 points hig
Read moreSector movers: Royal Mail, food reatilers edge higher while property stocks extend gains
11th May 2015 14:19
Spikes in Royal Mail shares, food retail, mining and property companies provided market momentum on Monday, with the FTSE 100 trading marginally down. At 16:33 BST, the blue chip index was down 0.18% or 12.41 points at 7,034.41 points as shares in Royal Mail topped the risers after rival postal f
Read moreFTSE 250 movers: Spirax-Sarco dips on sluggish order growth, Zoopla reverses
11th May 2015 13:33
Life sciences, seals and controls outfit Diploma topped the fallers after disappointing investors with a cautious outlook, saying it still sees "headwinds to organic growth". Numis Securities lowered its rating on the stock to 'hold' from 'add', saying it was looking "for a better entry point into t
Read moreBroker tips: Lloyds, Barclays, Zoopla
1st May 2015 11:40
Lloyds impressed investors and analysts alike with its first-quarter results on Friday, though some brokers highlighted uncertainty ahead of the election and regarding the government's stake. Gary Greenwood from Shore Capital said he expected the shares to react positively, but material upside "may
Read moreUBS hikes Zoopla forecasts on uSwitch potential
1st May 2015 10:52
Zoopla's purchase of uSwitch is "highly attractive" and offers significant upside, according to UBS which hiked its target price for the property website group from 225p to 260p. The Swiss bank maintained a 'buy' rating on the stock. Zoopla on Thursday announced the acquisition of utility price com
Read moreLondon close: Stocks edge higher despite mixed earnings, data
30th Apr 2015 16:23
UK stocks managed to erase earlier losses to settle in positive territory on Thursday as investors picked up bargains following heavy losses over the last two sessions. The FTSE 100 finished 0.21% higher at 6,960.63, bouncing back after hitting a low of 6,906.24 early on amid a mixed batch of corpor
Read more