Admiral CEO to give employees £7m parting gift
17th Mar 2016 14:08
(ShareCast News) - Admiral chief executive Henry Engelhardt, who is due to retire in May, will give away a £1,000 parting gift to every full time worker as a thank you for helping to turn the business around. Engelhardt and his wife Diane will give the cash gift - which will set them back £7m - to a
Read moreFTSE 100 movers: Anglo American up while Admiral slumps
14th Mar 2016 14:23
(ShareCast News) - The FTSE 100 was trading up on Monday afternoon, as investors shrugged off weaker Chinese production and consumption data, with miners leading the charge. Embattled miner Anglo American was among the leaders, after news its boss Mark Cutifani took home a smaller pay cheque in 2015
Read moreBroker tips: Fever-Tree, Admiral, ITV
14th Mar 2016 14:03
(ShareCast News) - Investec reiterated its 'buy' rating and target price of 740p for Fever-Tree on Monday after the carbonated drinks maker reported a jump in full year profit. In the year to the end of December, pre-tax profit rose to £16.8m compared with £2.5m the previous year as revenue grew 71%
Read moreAdmiral drops on BofA Merrill Lynch, HSBC downgrades
14th Mar 2016 08:04
(ShareCast News) - Insurer Admiral was under the cosh on Monday following downgrades from HSBC and Bank of America Merrill Lynch. Bank of America Merrill Lynch downgraded Admiral to 'underperform' from 'neutral' as it took a look at the UK non-life insurance sector. It said Admiral's valuation has
Read moreTuesday broker round-up
8th Mar 2016 14:42
(ShareCast News) - South32: HBSC upgrades to buy with a target price of 85p. Capital & Counties Properties: Exane BNP Paribas downgrades to underperform. 348P target. Admiral Group: Nomura upgrades to buy with a target price of 2325p. Millennium & Copthorne Hotels: Berenberg downgrades to sell wit
Read moreNomura upgrades Admiral to 'buy'
8th Mar 2016 10:40
(ShareCast News) - Nomura upgraded Admiral to 'buy' from 'neutral' and lifted the price target to 2,325p from 1,630p as it took a look at UK non-life insurers. The Japanese bank's two key reasons for upgrading the stock are exposure to rising UK motor rates and the potential to pay out excess capita
Read moreLondon close: FTSE closes lower as traders sift through data
3rd Mar 2016 16:07
(ShareCast News) - The FTSE 100 closed in the red on Thursday following a batch of downbeat economic data. UK services activity declined much more than expected in February as economic growth slowed to its weakest for almost three years, according to Markit/CIPS data. The Markit/CIPS services purch
Read moreFTSE 100 movers: Admiral charges ahead while Whitbread slumps
3rd Mar 2016 14:29
(ShareCast News) - The FTSE 100 was down 0.28% to 6,130.15 in afternoon trading on Thursday, having gained X to Y, as oil slipped back and investors digested the slowest growth in construction since last April. Admiral led the risers, after it posted a forecast-beating and record 6% jump in full-yea
Read moreAdmiral races ahead as full year numbers beat expectations
3rd Mar 2016 08:25
(ShareCast News) - Shares in Admiral raced ahead on Thursday after the insurer posted a forecast-beating and record 6% jump in full year pre-tax profit as its car insurance customers grew. For the year to the end of December, pre-tax profit rose to £377m from £357m in 2014 as customer numbers grew 9
Read moreThursday preview: Admiral and CRH report finals
2nd Mar 2016 13:04
(ShareCast News) - Admiral's full year results on Thursday are expected to show modest growth in UK car insurance profitability. Numis said it expects pre-tax profit to be "broadly unchanged" from 2014 at £359m, as an improvement in UK car insurance profits is likely to be offset by an increased dra
Read moreWednesday broker round-up
27th Jan 2016 17:31
(ShareCast News) - Aldermore Group: Investec reiterates buy recommendation and keeps target price at 325p. Saga: Numis stays at addwith 235p target and Canaccord Genuity upgrades to buy 240p target. Crest Nicholson: Jefferies keeps at buy and raises target from 719p to 740p. Ophir Energy: Credit S
Read moreFTSE 100 movers: Political issues in South Africa hit Old Mutual again
11th Dec 2015 14:25
(ShareCast News) - The FTSE 100 has failed to regain any traction on the week, with the blue chip market down 21.60 points (2.00%) to 5,966.45 by mid-afternoon Friday. Old Mutual again led the fallers, still reeling from political issues in South Africa. It's the second day of major falls for the co
Read moreFTSE 100 movers: Barratt up, Morrisons slumps on disappointing results
10th Sep 2015 14:41
(ShareCast News) - London's top-flight index fell on Thursday and by 1439 BST, was down 1.2% to 6,156 as worries about a slowdown in China and concerns that the Federal Reserve might hike rates in September weighed on sentiment. Housebuilder Barratt Developments was a higher riser for the second day
Read moreBofAML downgrades Admiral on valuation grounds
7th Sep 2015 14:44
(ShareCast News) - Bank of America Merrill Lynch downgraded Admiral to 'neutral' from 'buy' on valuation grounds, keeping the price target at 1,650p. It noted the stock has outperformed the sector by 20% year-to-date in constant currency terms and around 15% since the interim results. "With around
Read moreThursday tips round-up: Admiral, Glencore
20th Aug 2015 10:57
(ShareCast News) - Admiral surprised the market on Wednesday by beating profit expectations and improving customer numbers, the Financial Times' Lex wrote. The insurer has a low cost base, the Lex wrote, which works its favour in a highly competitive market. Lex said the insurer's limited near-term
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