The desire to avoid U.S. corporate taxes has now spread to agricultural giants -- as a dead deal shows.
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.
"The surprise in today's announcement is that the company is now confident in the sustainability of the market, and this should benefit all the housebuilders' shares, especially those with decent London and South East exposure."
- Liberum Capital on Jun 24, 2011