United Kingdom

Auto Trader U.K. shares soar on floatation

Auto Trader U.K.’s shares soared on their first day of conditional trading on the London Stock Exchange (LSE) yesterday. From an initial public offering (IPO) price of £2.35 per share ($3.46 U.S.), which valued the company at £2.35 billion, the share took just a quarter of an hour to hit £2.65, before closing at £2.56, an increase of nearly nine percent on the IPO price. Floating 59...

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Motors.co.uk launches TV campaign

After what it claims was its best year to date, British auto listings site Motors.co.uk is looking to build on its improved brand awareness and raise the profile of its ‘Smart Search’ tool through a new national television campaign. Last year the site ran a nationwide television campaign about the ‘Carfuffe’ of finding a vehicle (the term is a joke on the word...

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Trinity Mirror reports small drop in classifieds revenue

At Trinity Mirror revenue from digital classifieds was slightly down in FY2014. The U.K. media group released its annual results earlier this week. A four percent fall year-on-year was recorded by the general publishing division, which houses national jobs site Fish4Jobs (with all its sub-sites) since FY2014. And the specialist digital division, which houses many niche job sites (here and...

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Totaljobs launches new global talent tool

In the U.K. Totaljobs announced the launch of an online tool aimed at enabling British employers and recruiters to better understand how, where and why talent moves around the world. The Decoding Global Talent tool is based on research of more than 200,000 people across 189 countries and was carried out by The Boston Consulting Group (BCG) in conjunction with The Network, a global alliance of...

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Rightmove releases strong 2014 results

Rightmove, the U.K.’s leading real estate site, posted strong results for the year ending Dec. 31, 2014 thanks largely to increased traffic and advertisers taking premium services. Revenue for the year was up 19 percent to £167 million ($257 million U.S.) and operating profit, or earnings before interest and tax (EBIT), similarly rose by 20 percent to £124.6 million. Traffic was up ten...

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It’s official: Auto Trader will float

Auto Trader will list on the London Stock Exchange (LSE) next month in a move that The Daily Telegraph estimates could value the U.K.’s leading auto platform at £2 billion ($3.1 billion U.S.). We’ve covered strong rumors over the past few months that the company was considering a trade sale, or a listing, and now it officially is a listing. Announcing the intention to float, Ed...

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