Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRightmove Share News (RMV)

Share Price Information for Rightmove (RMV)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 549.80
Bid: 551.60
Ask: 552.00
Change: -8.80 (-1.58%)
Spread: 0.40 (0.073%)
Open: 561.00
High: 561.80
Low: 549.80
Prev. Close: 558.60
RMV Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON BRIEFING: abrdn lauds "reset year" as revenue rises in 2021

Tue, 01st Mar 2022 08:17

(Alliance News) - Asset manager abrdn on Tuesday reported its first increase in annual revenue since the merger that created the current company.

"This was our reset year. In 2021 we set out a clear strategy for how we will create long-term sustainable growth and arrest the decline in revenue," said Chief Executive Officer Stephen Bird.

The Edinburgh-based firm, whose name is a shortening of Aberdeen, reported IFRS pretax profit of GBP1.12 billion in 2021, up 33% from GBP838 million, as fee-based revenue rose by 6.3% to GBP1.52 billion from GBP1.43 billion in 2020.

Assets under management and administration grew by 1.3% to GBP542 billion from GBP535 billion.

abrdn kept its annual dividend unchanged at 14.6 pence per share.

"Strategically, we have made huge strides forward," Bird continued.

"We have simplified and extended the relationship with our largest client, Phoenix [Group Holdings]. We have successfully rebranded as abrdn which gives us a unified global identity and purpose. We have divested non-core assets and built out our capabilities across our three vectors, including in private markets and digital content."

He added: "Clearly, markets are volatile right now. Geopolitical risk and inflation are rising and there remains an element of uncertainty about the pace at which different economies are recovering from the impacts of the Covid-19 pandemic."

abrdn shares were down 2.4% early Tuesday.

Here is what you need to know at the London market open:

----------

MARKETS

----------

FTSE 100: up 0.4% at 7,490.66

----------

Hang Seng: up 0.2% at 22,761.71

Nikkei 225: closed up 1.2% at 26,844.72

S&P/ASX 200: closed up 0.7% at 7,096.50

----------

DJIA: closed down 166.15 points, 0.5%, at 33,892.60

S&P 500: closed down 0.2% at 4,373.94

Nasdaq Composite: closed up 0.4% at 13,751.40

----------

EUR: down at USD1.1221 (USD1.1243)

GBP: flat at USD1.3425 (USD1.3415)

USD: down at JPY115.05 (JPY115.27)

Gold: up at USD1,906.87 per ounce (USD1,900.27)

Oil (Brent): up at USD100.02 a barrel (USD97.65)

(changes since previous London equities close)

----------

ECONOMICS AND GENERAL

----------

Tuesday's key economic events still to come

0955 CET Germany manufacturing purchasing managers' index

1000 CET EU eurozone manufacturing PMI

1400 CET Germany provisional consumer price index

0930 GMT UK manufacturing PMI

0945 EST US manufacturing PMI

1000 EST US ISM manufacturing PMI

1630 EST US API weekly statistical bulletin

2100 EST US President Biden State of the Union address

----------

Satellite images show a vast military column amassing just north of the Ukrainian capital Kyiv, where residents are braced for a Russian assault. The Russian army tells them they can "freely leave" on one highway going south as it hints of attacks on civilian areas. Russian forces shell Ukraine's second city Kharkiv, killing at least 11 civilians in residential areas, its mayor says. An AFP journalist in the city sees a destroyed school, burned out Russian armoured vehicles and corpses of Russian soldiers after earlier fighting. Russian forces reach the southern city of Kherson near Moscow-controlled Crimea, setting up checkpoints on its outskirts, its mayor says. Moscow claimed to have besieged the city two days ago. Kyiv says 352 civilians have been killed, including 14 children, since the invasion began last Thursday.

----------

The number of people fleeing war in Ukraine has surged to over half a million, while a scandal was brewing at the border with Poland over the alleged racist treatment of African refugees. More than 500,000 people have fled the war in Ukraine to neighbouring countries, according to UN High Commissioner for Refugees Filippo Grandi. This was around 80,000 more than the figure reported on Sunday by the UN refugee agency UNHCR. The majority of Ukrainian refugees have so far fled to Poland, with around 300,000 arriving since the war broke out, according to the Polish border guard. On Sunday alone, almost 100,000 people are said to have crossed the shared border into Poland.

----------

There was a slight improvement in business conditions across China's manufacturing sector in February, according to the latest IHS Markit survey. The headline seasonally adjusted purchasing managers' index rose to 50.4 in February from 49.1 at the start of the year. The rate of improvement was softer than the long-run series average of 51.0. Production has now risen in three of the past four months, though this month's increase was only slight, being only just above the neutral reading of 50. Factories reported a slight increase in output and the fastest increase in total sales since June. However, the pandemic weighed on external demand with new export orders falling again in February. This was also stymied by difficulties in shipping items to clients. Suppliers' delivery times lengthened amid reports of material and staff shortages. Average input costs also hit a high and selling prices increased at the steepest rate since last October.

----------

Japan's manufacturing sector saw softer expansion in February, figures from IHS Markit showed, as lower production levels and stagnating new orders weighed. The headline au Jibun Bank Japan manufacturing PMI slipped to 52.7 points in February from 55.4 in January, meaning Japan's manufacturing sector has improved for the 13th month in a row - albeit at a slower pace in February. February's figure marked the weakest expansion since September last year.

----------

The manufacturing sector in Ireland continued to grow strongly in February but at a slower pace than the month before, survey results showed. The AIB Ireland manufacturing purchasing managers' index score was 57.8 points last month, down from 59.4 in January. IHS Markit, which conducts the survey, said the factory activity reading has been trending down since hitting a record high of 64.1 points in May last year. However, February's score remained well above the long-run survey average of 52.2. Coming in above 50 points, the reading indicated expansion and was the 17th successive month to do so. Input price inflation remained a problem for Irish manufacturers, however.

----------

BROKER RATING CHANGES

----------

Morgan Stanlay raises Rightmove to 'equal-weight' ('underweight') - pt 724 (692) pence

----------

JPMorgan raises Mondi to 'overweight' (neutral) - price target 2122 (2000) pence

----------

JPMorgan raises ITM Power to 'overweight' (neutral) - price target 470 (410) pence

----------

COMPANIES - FTSE 100

----------

Paddy Power-owner Flutter Entertainment swung to a pretax loss in 2021, but growth in the US continued. Flutter Entertainment said 2021 was another strong year of growth as the gambling operator made progress against strategic objectives, driven by recreational customers. For 2021, revenue increased 37% to GBP6.04 billion from GBP4.41 billion in 2020 but swung to a pretax loss of GBP288 million from a GBP1.1 million profit, after taking a GBP543 million charge for non-cash amortisation from acquired intangibles. On a adjusted pro forma basis, Flutter posted a pretax profit of GBP620 million, down 24% from GBP813 million. The Dublin-based firm said recreational customers drove revenue growth, rising 23% to 7.6 million average monthly players. In the US, its FanDuel sports-betting arm maintained the "number one position" due to product leadership, Flutter asserted, with 40% online sportsbook market share in the fourth quarter. Looking ahead, Flutter said trading in the first 7 weeks of 2022 has been in line with expectations with revenue up 2% year-on-year, reflecting strong comparatives which had benefited from very favourable sports results. Further, assuming there are a normal run of sports results, Flutter expects revenue growth to accelerate as 2022 progresses, reflecting the phasing of sports margin comparables and safer gambling measures taken in 2021.

----------

Croda International said it delivered a record performance in 2021 with all of the speciality chemical company's businesses trading ahead of pre-pandemic levels. For 2021, pretax profit was GBP411.5 million, up 53% from GBP269.5 million in 2020 on revenue of GBP1.89 billion, up 36% from GBP1.39 billion. Croda declared a 100.0p annual dividend, up 9.9% from 91.0p paid out in 2020. Looking ahead, Croda expects to post growth in 2022 in line with medium-term expectations. It thinks margins in the Consumer Care and Life Sciences divisions will remain strong this year. "Our excellent strategic progress during the COVID-19 pandemic has included progressing our transition to a pure-play Consumer Care and Life Sciences company, with our agreement to sell the majority of our industrial businesses. As a result, Croda will now be focused on faster growth, higher return markets, positioning us to deliver more consistent sales growth and an even stronger profit margin," said Chief Executive Officer Steve Foots.

----------

Testing specialist Intertek Group said it achieved strong progress in 2021, highlighting that global supply chain disruption meant the need for safety and sustainability assurance "more critical than ever". For 2021, pretax profit was GBP413.4 million, up 20% from GBP343.9 million in 2020 on revenue of GBP2.79 billion, up 1.9% from GBP2.74 billion. Intertek declared a 2021 dividend of 105.8p, unchanged from 2020. Looking ahead, Intertek said it was well-positioned to generate robust like-for-like revenue growth at constant rates, margin progression, and strong free cash flow in 2022. "The Covid-19 pandemic has made the case for total quality assurance clearer and stronger for our clients and we expect the USD250 billion global quality assurance market to grow faster post-Covid. Moving forward, all stakeholders in society expect governments and corporations to build back a better world with a sharper focus on end-to-end quality assurance," said Chief Executive Officer Andre Lacroix.

----------

COMPANIES - FTSE 250

----------

Building supplies business Travis Perkins enjoyed a strong boost in sales and returned to profitability as the company benefited from the boom in housebuilding and renovations during the pandemic. The company said sales hit GBP4.6 billion in the 12 months to the end of 2021, up from GBP3.7 billion a year earlier, with pretax profit reaching GBP305.6 million compared with a GBP20.3 million pretax loss in 2020. Bosses said they had a strong year following a restructuring of the business, although they admitted trading conditions were difficult due to well-documented rises in inflation and supply chain problems hitting the entire sector during the pandemic. Looking ahead, they said they expect inflation pressures to continue but hope to enjoy the benefits of hybrid working, as households adapt their living space and the housing market remains strong. Travis Perkins added that it hopes to enjoy strong growth from government targets for achieving net zero and decarbonising UK housing stock.

----------

COMPANIES - GLOBAL

----------

German chemicals and pharmaceuticals company Bayer said it was back in the black in 2021, thanks primarily to a strong performance of its agrochemicals division. Its return to profit came after the coronavirus pandemic and litigation costs had pushed it into a massive loss a year earlier. Bayer said in a statement that it booked a net profit of EUR1.0 billion last year, compared with a loss of EUR10.5 billion in 2020. The maker of aspirin said it also returned to profit at an underlying or operating level, with earnings before interest and tax showing a profit of EUR3.3 billion, compared with a loss of EUR16.1 billion the year before. "The Bayer group had a successful year in 2021, both operationally and strategically," the statement said. "We posted substantial growth, strengthened our innovation pipeline and made progress toward our sustainability targets. All this shows that Bayer is on the right track!" said Chief Executive Werner Baumann.

----------

Toyota Motor plans to resume work at all of its plants in Japan on Wednesday following a brief shutdown due to a cyberattack on one of its domestic suppliers, the carmaker said on Tuesday. Supplier Kojima Industries suspects it may have been hit by a cyberattack on Monday that crippled its computer system. Kojima Industries makes metal, plastic and electronic components. Toyota temporarily shut down work at 28 production lines in 14 factories across Japan. Toyota has already been suffering from chip shortages and Covid-19-related disruptions since January.

----------

Tuesday's shareholder meetings

Velocity Composites PLC - AGM

----------

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
18 Jul 2023 15:31

Battered UK homebuilder shares set for biggest daily rise in five months

LONDON, July 18 (Reuters) - UK homebuilder shares headed for their biggest one-day gain since February on Tuesday as expectations grew that British interest rates might peak sooner than initially feared.

Read more
4 Jul 2023 14:08

IN BRIEF: Rightmove CEO buys 10,000 shares for over GBP50,000

Rightmove PLC - London-headquartered real estate company - Says Chief Executive Officer Johan Svanstrom on Friday purchased 10,000 shares in the company at GBP5.26 per share, for GBP52,613. total. Svanstrom now holds 10,000 ordinary shares and 186,170 performance shares in Rightmove. He was hired by Rightmove as CEO in October 2022 and officially assumed the role in March.

Read more
19 May 2023 15:50

UK dividends calendar - next 7 days

Monday 22 May 
HgCapital Trust PLCdividend payment date
Quilter PLCdividend payment date
Savills PLCdividend payment date
Savills PLCspecial dividend payment date
Tuesday 23 May 
abrdn Asian Income Fund Ltddividend payment date
Bridgepoint Group PLCdividend payment date
Central Asia Metals PLCdividend payment date
Lloyds Banking Group PLCdividend payment date
ThomasLloyd Energy Impact Trust PLCdividend payment date
TP ICAP Group PLCdividend payment date
Wednesday 24 May 
Genuit Group PLCdividend payment date
Harbour Energy PLCdividend payment date
JPMorgan Asia Growth & Income PLCdividend payment date
London Stock Exchange Group PLCdividend payment date
Reckitt Benckiser Group PLCdividend payment date
Softcat PLCdividend payment date
Thursday 25 May 
abrdn Asia Focus PLCex-dividend payment date
abrdn Equity Income Trust PLCex-dividend payment date
Alfa Financial Software Holdings PLCex-dividend payment date
Andrews Sykes Group PLCex-dividend payment date
Aptitude Software Group PLCex-dividend payment date
Atlantis Japan Growth Fund Ltdex-dividend payment date
Bellway PLCex-dividend payment date
Britvic PLCex-dividend payment date
Burford Capital Ltdex-dividend payment date
Cardiff Property PLCex-dividend payment date
Coats Group PLCdividend payment date
Coca-Cola Europacific Partners PLCdividend payment date
ConvaTec Group PLCdividend payment date
DCC PLCex-dividend payment date
DFS Furniture PLCdividend payment date
Diploma PLCex-dividend payment date
Diversified Energy Co PLCex-dividend payment date
Grainger PLCex-dividend payment date
HICL Infrastructure PLCex-dividend payment date
Imperial Brands PLCex-dividend payment date
Intertek Group PLCex-dividend payment date
IP Group PLCex-dividend payment date
ITV PLCdividend payment date
Kingfisher PLCex-dividend payment date
LMS Capital PLCex-dividend payment date
Secure Trust Bank PLCdividend payment date
Spire Healthcare Group PLCex-dividend payment date
TI Fluid Systems PLCex-dividend payment date
Tritax EuroBox PLCex-dividend payment date
Victrex PLCex-dividend payment date
Whitbread PLCex-dividend payment date
Friday 26 May 
Alternative Income REIT PLCdividend payment date
Atrato Onsite Energy PLCdividend payment date
Axiom European Financial Debt Fund Ltddividend payment date
Centaur Media PLCdividend payment date
Chesnara PLCdividend payment date
Clarkson PLCdividend payment date
CQS Natural Resources Growth & Income PLCdividend payment date
CQS New City High Yield Fund Ltddividend payment date
Croda International PLCdividend payment date
Edinburgh Investment Trust PLCdividend payment date
Fresnillo PLCdividend payment date
Greencoat UK Wind PLCdividend payment date
Greggs PLCdividend payment date
Gresham House PLCdividend payment date
Gresham Technologies PLCdividend payment date
Harworth Group PLCdividend payment date
Henderson Far East Income Ltddividend payment date
M&G Credit Income Investment Trust PLCdividend payment date
Merchants Trust PLCdividend payment date
PRS REIT PLCdividend payment date
Rightmove PLCdividend payment date
Robert Walters PLCdividend payment date
Senior PLCdividend payment date
Starwood European Real Estate Finance Ltddividend payment date
Supermarket Income REIT PLCdividend payment date
Target Healthcare REIT PLCdividend payment date
TT Electronics PLCdividend payment date
Tyman PLCdividend payment date
Unite Group PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
10 May 2023 11:22

IN BRIEF: Pearson appoints Rightmove CFO Alison Dolan to board

Pearson PLC - The London-based education publisher - Appoints the chief financial officer of real estate company Rightmove PLC, Alison Dolan, to board as independent non-executive director, starting June 1. "She brings to the board extensive commercial and operational finance experience, specifically in digital businesses," Pearson says. Further, Pearson appoints New York Times's Chief Product Officer Alex Hardiman as independent non-executive director from June 1. Pearson Chair Omid Kordestani says: "Alison and Alex complement the existing depth of experience on our board and their knowledge will serve us well as Pearson continues its consumer and digital journey."

Read more
10 May 2023 11:22

IN BRIEF: Pearson appoints Rightmove CFO Alison Dolan to board

Pearson PLC - The London-based education publisher - Appoints the chief financial officer of real estate company Rightmove PLC, Alison Dolan, to board as independent non-executive director, starting June 1. "She brings to the board extensive commercial and operational finance experience, specifically in digital businesses," Pearson says. Further, Pearson appoints New York Times's Chief Product Officer Alex Hardiman as independent non-executive director from June 1. Pearson Chair Omid Kordestani says: "Alison and Alex complement the existing depth of experience on our board and their knowledge will serve us well as Pearson continues its consumer and digital journey."

Read more
2 May 2023 14:40

HSBC upgrades Rightmove to 'buy'

(Sharecast News) - HSBC upgraded Rightmove on Tuesday to 'buy' from 'hold' and lifted the price target to 645p from 530p as it said some of the early demand indicators show return of buyers' interest and argued that positive sentiment from agents is not priced into current multiples for the stock.

Read more
2 May 2023 12:29

Broker tips: Rightmove, AJ Bell, JTC

(Sharecast News) - HSBC upgraded Rightmove on Tuesday to 'buy' from 'hold' and lifted the price target to 645p from 530p as it said some of the early demand indicators show return of buyers' interest and argued that positive sentiment from agents is not priced into current multiples for the stock.

Read more
2 May 2023 09:34

LONDON BROKER RATINGS: HSBC raises Rightmove to 'buy' from 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
2 May 2023 07:48

LONDON BRIEFING: BP swings to profit; HSBC launches share buyback

(Alliance News) - Stocks in London were expected to edge into the green at Tuesday's market open, ahead of EU inflation data and purchasing managers' index readings.

Read more
28 Apr 2023 15:42

UK shareholder meetings calendar - next 7 days

Monday 1 May 
no events scheduled 
Tuesday 2 May 
Carr's Group PLCGM re annual report and directors remuneration report
CVC Income & Growth LtdAGM
IOG PLCAGM
Ocado Group PLCAGM
Plus500 LtdAGM
Wednesday 3 May 
Apax Global Alpha LtdAGM
Barclays PLCAGM
GSK PLCAGM
Hyve Group PLCCourt Meeting & GM re acquisition by Heron UK Bidco Ltd
Logistics Development Group PLCAGM
Okyo Pharma LtdGM re proposed cancellation of the ordinary shares of no par value
Reach PLCAGM
Reckitt Benckiser Group PLCAGM
Standard Chartered PLCAGM
Tritax Big Box REIT PLCAGM
Unilever PLCAGM
Thursday 4 May 
AIB Group PLCAGM
Aviva PLCAGM
Aviva PLCGM re capital reduction
BAE Systems PLCAGM
Bivictrix Therapeutics PLCAGM
Domino's Pizza Group PLCAGM
Glanbia PLCAGM
Grafton Group PLCAGM
Hammerson PLCAGM
Howden Joinery Group PLCAGM
Hurricane Energy PLCCourt Meeting & GM re takeover by Prax Exploration & Production PLC  
Indivior PLCAGM
IMI PLCAGM
Irish Residential Properties REIT PLCAGM
ITV PLCAGM
Jardine Matheson Holdings LtdAGM
Johnson Service Group PLCAGM
LungLife AI IncAGM
Mincon Group PLCAGM
Mondi PLCAGM
Moneysupermarket.com Group PLCAGM
Morgan Sindall Group PLCAGM
Spirent Communications PLCAGM
Personal Group Holdings PLCAGM
Phoenix Group Holdings PLCAGM
Rathbones Group PLCAGM
SIG PLCAGM
Ten Entertainment Group PLCAGM
Travis Perkins PLCAGM
Witan Investment Trust PLCAGM
Friday 5 May 
abrdn Smaller Companies Income Trust PLCAGM
Holders Technology PLCAGM
HSBC Holdings PLCAGM
InterContinental Hotels Group PLCAGM
James Fisher & Sons PLCAGM
Man Group PLCAGM
Rightmove PLCAGM
UK Oil & Gas PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
28 Apr 2023 09:54

LONDON BROKER RATINGS: Dunelm and Coats get new 'buy' ratings

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
28 Apr 2023 07:53

LONDON BRIEFING: NatWest profit rises; Deutsche Bank buys Numis

(Alliance News) - Stocks in London were set to open higher on Friday, after a solid session for Asian equities and a strong finish in New York on Thursday.

Read more
20 Apr 2023 15:46

UK dividends calendar - next 7 days

Friday 21 April 
abrdn Private Equity Opportunities Trust PLCdividend payment date
FW Thorpedividend payment date
JPMorgan Global Emerging Markets Income Trust PLCdividend payment date
Starwood European Real Estate Finance Ltdspecial dividend payment date
Monday 24 April 
no events scheduled 
Tuesday 25 April 
Invesco Asia Trust PLCdividend payment date
JPMorgan Emerging Markets Investment Trust PLCdividend payment date
JPMorgan Mid Cap Investment Trust PLCdividend payment date
Northamber PLCdividend payment date
Wednesday 26 April 
BlackRock World Mining Trust PLCdividend payment date
Close Brothers Group PLCdividend payment date
Thursday 27 April 
abrdn Asian Income Fund Ltdex-dividend payment date
Atrato Onsite Energy PLCex-dividend payment date
AVI Japan Opportunity Trust PLCex-dividend payment date
Bakkavor Group PLCex-dividend payment date
Bankers Investment Trust PLCex-dividend payment date
Bridgepoint Group PLCex-dividend payment date
Central Asia Metals PLCex-dividend payment date
City of London Investment Trust PLCex-dividend payment date
Coats Group PLCex-dividend payment date
CQS Natural Resources Growth & Income PLCex-dividend payment date
Croda International PLCex-dividend payment date
Derwent London PLCex-dividend payment date
Essentra PLCspecial dividend payment date
Fresnillo PLCex-dividend payment date
Greggs PLCex-dividend payment date
Gresham Technologies PLCex-dividend payment date
Haleon PLCdividend payment date
HSBC Holdings PLCdividend payment date
Legal & General Group PLCex-dividend payment date
LSL Property Services PLCex-dividend payment date
M&G PLCex-dividend payment date
ME Group International PLCspecial ex-dividend payment date
Morgan Sindall Group PLCex-dividend payment date
Mortgage Advice Bureau Holdings PLCex-dividend payment date
RELX PLCex-dividend payment date
Rightmove PLCex-dividend payment date
Robert Walters PLCex-dividend payment date
Senior PLCex-dividend payment date
Smart Metering Systems PLCdividend payment date
TT Electronics PLCex-dividend payment date
Tyman PLCex-dividend payment date
XP Power Ltdex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
20 Mar 2023 07:14

UK house prices up 0.8% in March

(Sharecast News) - UK property asking prices rose by 0.8% in March from the prior month and showed signs of stabilising after last year's 'mini-budget' that created severe market volatility, according to a survey released on Monday.

Read more
8 Mar 2023 09:20

LONDON BROKER RATINGS: Jefferies cuts John Wood to 'hold' from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.