15th Jul 2014 08:53
Admiral Group: Numis moves target price from 1710p to 1720p, while downgrading from buy to add. African Barrick Gold: UBS initiates with a target price of 260p and a buy recommendation. Ashtead Group: Berenberg initiates with a target price of 1110p and a buy recommendation. British American Taba
Read more11th Jul 2014 15:25
Shares in Imperial Tobacco rose strongly after the company confirmed it is discussions with US rivals Reynolds American and Lorillard about the potential acquisition of some of their assets and brands. It is thought that Reynolds and Lorillard, the second- and third-largest cigarette makers in the S
Read more9th Jul 2014 16:59
- FTSE 100 closes down 20.41 at 6,718.04 - Admiral and Aviva lead downside - Attentions turn to tonight's Fed minutes techMARK 2,782.15 -0.43% FTSE 100 6,718.04 -0.30% FTSE 250 15,549.63 -0.66% It was a weak finish for the top tier index, which dropped below the 6,700 level in the first hour of tr
Read more9th Jul 2014 15:39
Car insurer Admiral slid lower after delivering a gloomy outlook as it reported a decline in revenues in the first half, saying that a return to growth in premiums still remained elusive. Despite higher customer numbers, turnover fell from £1.1bn to £1bn in the first six months of the year, as premi
Read more9th Jul 2014 14:43
Sinking share prices of Admiral and Aviva ensured that the insurance sector was firmly in the red on Wednesday afternoon. "Insurers are feeling the brunt of the bearishness today," said Will Hedden, Premium Client Manager at IG. Motor insurance group Admiral disappointed the market with a gloomy o
Read more9th Jul 2014 12:37
Following an improved offer of £51.15 for Shire from US suitor AbbVie, broker Panmure Gordon examined the case for whether a bid nearer £60 would be out of the question. Life sciences analyst Savvas Neophytou called the latest bid "inadequate" and said it would probably be rejected by Shire's board
Read more9th Jul 2014 12:03
- Admiral, Aviva lead markets lower - FTSE 100 on track for worst finish since late April - Retailers fall as UK retail prices fall 1.8% - Investors nervous ahead of Fed minutes techMARK 2,777.53 -0.59% FTSE 100 6,708.55 -0.44% FTSE 250 15,526.79 -0.80% UK stocks were heading for their worst finis
Read more9th Jul 2014 09:43
A "cautious outlook" from Admiral has prompted Canaccord Genuity to downgrade its rating for the insurer from 'hold' to 'sell', saying that it sees downside risks to its forecasts. Admiral said on Wednesday that first-half turnover fell 9% to £1bn despite an increase in customer numbers, as premium
Read more9th Jul 2014 09:00
- Admiral shares drop as H1 revenues fall - Markets await FOMC minutes for rate-hike clues - Chinese inflation eases - Alcoa beats forecasts as Q2 earnings season gets underway techMARK 2,783.11 -0.39% FTSE 100 6,721.47 -0.25% FTSE 250 15,601.53 -0.33% UK stocks fell for a third straight day on We
Read more9th Jul 2014 07:42
Tracking losses in the US and Asia last night, London-listed stocks are set to move lower at this morning's opening bell, extending their own declines seen in yesterday's session. However, the move lower is predicted to be a modest one, with City sources predicting the FTSE 100 will open just one
Read more9th Jul 2014 07:39
- Turnover down 10% as premiums fall - Customer numbers up 8.3% - First bond issue announced to raise £200m Car insurer Admiral disappointed the market with a gloomy outlook on Wednesday as it reported a decline in revenues in the first half, saying that a return to growth in premiums remains elusi
Read more5th Jun 2014 14:59
M&A speculation continued to boost the share price of Smith & Nephew on Thursday, as another company was reported to be interested in the medical devices firm. According to Bloomberg which cited people familiar with the matter, US peer Medtronic is in the early stages of preparing to make a bid for
Read more5th Jun 2014 11:25
- Markets await ECB decision, Draghi with caution - BoE keeps policy unchanged - ASOS shares plummet after profit warning, retailers fall - Smith & Nephew jumps on continued M&A speculation techMARK 2,820.75 -0.07% FTSE 100 6,796.31 -0.33% FTSE 250 15,939.53 -0.29% UK stocks were in the red on Thu
Read more23rd May 2014 09:53
Admiral Group: JP Morgan raises target price from 1022p to 1164p, while staying with its underweight rating. Antofagasta: Investec cuts target price from 715p to 690p and leaves its sell recommendation unchanged. Assura Group: Liberum Capital shifts target price from 44p to 47p and stays with its
Read more14th May 2014 13:14
Investec has sounded a cautious note on ITV, saying that some may have expected more from the terrestrial broadcaster with its first-quarter update. The broker maintained a 'hold' stance on the shares with a 195p target price, saying that the stock's valuation "looks quite full versus media peers".
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