Zillow shares surge on first day of trading July 20, 2011 SHARES of real estate and housing data company Zillow tripled in value on their debut, after pricing above their expected range, as investors buoyed by a wave of successful internet IPOs shrugged off its ties to a weak housing market. Zillow’s initial pop in value overtook internet-and-IPO darling LinkedIn’s first-day share rise. LinkedIn only doubled [...]
Low rates are propping up house prices May 15, 2011 HISTORICALLY low interest rates and a weak supply of new property listings are boosting asking prices for UK homes, according to a leading survey released today. Asking prices on newly listed houses have almost hit a three-year high, according to the Rightmove house price index, jumping 1.7 per cent in April and 1.3 per cent [...]
BEST OF THE BROKERS May 10, 2011 VODAFONE Credit Suisse rates the telecoms group “outperform” with a target price of 185p. The broker has cut its medium-term earnings per share forecast by three per cent in light of recent results in the sector, and expects European operations to miss consensus estimates – this is particularly disappointing given the expected boost from iPhone [...]
BEST OF THE BROKERS May 10, 2011 VODAFONE Credit Suisse rates the telecoms group “outperform” with a target price of 185p. The broker has cut its medium-term earnings per share forecast by three per cent in light of recent results in the sector, and expects European operations to miss consensus estimates – this is particularly disappointing given the expected boost from iPhone [...]
Stress test relief to provide a lift to markets on open July 17, 2011 AND the winner is…” direction for stocks this morning will be driven by the results of the European bank stress tests, which were released at 5pm on Friday, after European stock markets closed. A grand total of eight banks failed the tests, but that number was well below the worst fears of some analysts who [...]
Aspiring first time buyers believe house prices are back on the up May 8, 2011 THE number of aspiring first time buyers is at its highest for a year as people increasingly expect house prices to recover. One in three respondents expect house prices to increase, according to a Rightmove survey. At the beginning of the year, just over one in five prospective buyers expected house prices to lift. Yet [...]
Virgin Money recruits an old hand as chair June 14, 2011 JONATHAN Agnew, the former chairman of Nationwide Building Society, is set to become the new chairman of Virgin Money, as soon as his appointment is approved by the FSA. Agnew (pictured) will take over the leadership of a company that has been without a figurehead for the last year since the death of its chief executive [...]
In-Deed is set for AIM float to build cash June 14, 2011 RIGHTMOVE founder Harry Hill will today list his new conveyancing project on the Alternative Investment Market. In-Deed, which Hill launched with private funding last month, is raising £1.58m by placing 3.77m ordinary shares with institutional and other investors, the firm will announce to the stock market today as its shares commence trading. After the IPO, [...]
Property guru is back in business May 22, 2011 THE FOUNDER of property website Rightmove has come out of retirement, setting up a conveyancing firm to try and cash in on the complexities of the UK real estate market. Harry Hill has launched In-Deed, an online conveyancing service that lets house-buyers track progress of their purchase through mobile phones and a website. Hill, who [...]
Banks hit by Greece loan delay June 20, 2011 Banking stocks took a pummeling in early trading today as Eurozone ministers stalled on loan payments to Greece creating more uncertainty surrounding the beleaguered country. Ministers said Greece would need to introduce harsh austerity measures before it received the 12bn euros (£10.6bn) in loans. The FTSE 100 was dented by the news and European markets [...]