"A highflier is losing altitude," said Miguel Helft in The New York Times. The world's largest search engine has already seen its revenue growth fall, from 92% in 2005 to 73% in 2006 and 56% last year. And Google shares, down nearly 40% from November's peak, slid 4.6% on Tuesday after researcher ComScore reported that paid clicks Google is paid when consumers click through an advertisement carried by the search giant ground to a halt in January.
They totalled 532 million, down 0.3% year-on-year, having slowed for the previous three months. "There are pretty strong signals now that the economic slowdown is having an impact on consumers' behaviour online" and thus hampering Google, said Stanford Group's Clayton Moran. Analysts have rushed to reduce their price targets.
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Zoopla: House prices slows to 1.4% in May as rate of sales at four year highThe average UK property now costs £268,400, Zoopla says, but some areas of the country are experiencing much higher price growth than others.
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FCA reveals 'once in a generation' advice changes - what the reforms mean for youConsumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator
