| CATEGORY: RISERS AND FALLERS SECTOR: MEDIA |
FTSE 250 movers: Rightmove surges, Rentokil retreats |
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Tue 09 Jan 2007
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LONDON (SHARECAST) - Rightmove, the UK property website, is expecting slightly better than expected profits for the last year and said it would focus on increasing advertising.
Adjusted pre-tax profits are expected to be slightly above the range of analysts' estimates of £17.0 to £17.4m, as a result of stronger sales. Full year revenues of some £33.6m are expected.
“2007 will see the launch of new advertising services allowing Rightmove members to differentiate their brands, branch offerings and listings as well as providing new revenue streams to Rightmove,” said the group.
Savills, the upmarket estate agent, ticked higher after it said it was confident of a strong 2007 after seeing full year figures come in ahead of expectations.
“We have seen a strong finish to the year resulting in the profit for the year ended 31 December 2006 expected to be nicely ahead of expectation,” said Savills in a statement.
UBS downgraded shares in Rentokil Initial to “reduce” from “neutral” arguing that the group is unlikely to receive a bid given its unexciting growth prospects.
FTSE 250 - Risers
Rightmove (RMV) 425.00p +8.90%
Collins Stewart (CLST) 274.75p +4.47%
Serco (SRP) 398.75p +3.30%
JJB Sports (JJB) 233.00p +3.21%
Dimension Data (DDT) 43.75p +2.94%
Randgold Resources (RRS) 1,131.00p +2.91%
Mouchel Parkman (MCHL) 452.50p +2.67%
Benfield Group (BFD) 372.75p +2.54%
Savills (SVS) 674.00p +2.51%
Wincanton (WIN) 352.50p +2.47%
FTSE 250 - Fallers
Jardine Lloyd (JLT) 419.50p -2.10%
Tullett Prebon (TLPR) 617.00p -2.06%
Daily Mail & General Trust (DMGT) 722.50p -1.83%
Rentokil Initial (RTO) 163.50p -1.80%
Northgate (NTG) 1,167.00p -1.77%
SThree (STHR) 385.25p -1.72%
Burren Energy (BUR) 821.50p -1.62%
Abbot Group (ABG) 292.75p -1.60%
Homeserve (HSV) 1,851.00p -1.59%
Premier Oil (PMO) 1,171.00p -1.35%
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