Zoopla Property Group Plc, owner of real estate websites Zoopla and PrimeLocation, rose on its first day of trading as controlling shareholder Daily Mail & General Trust Plc profits from a surging U.K. housing market.
European stocks were little changed as investors awaited a Federal Reserve monetary-policy decision, while oil and gas companies advanced amid violence in Iraq.
Royal Philips NV won a U.K. court ruling in a global battle over patents for recognizing hand gestures and motion on Nintendo Co.’s Wii computer-gaming devices.
European stocks rose for a second day as better-than-forecast manufacturing figures in China and the U.S. offset euro-area output data.
Zoopla Property Group Plc, owner of real estate websites Zoopla and PrimeLocation, set a price range for its IPO that could value the company at about 940 million pounds ($1.57 billion).
"We are encouraged by the progress being made on the further restructuring of Northcliffe, but there is little sign of an advertising recovery in regional newspaper titles."
- Daily Mail on May 25, 2006