Numis pleased with Q1 UK customer growth at Admiral
14th May 2014 12:48
Admiral's first-quarter results were met with a negative reaction from the market on Wednesday, but Numis Securities maintained a positive stance on the car insurer, saying it sees early signs of growth in the UK. Numis kept a 'buy' rating and 1,710p target price. The broker said that it was surpr
Read moreLondon midday: ITV drops as UK stocks retreat from 14-year high
14th May 2014 11:50
- ITV leads fallers after underwhelming Q1 - Markets pull back from highest level since 1999 - BoE strikes dovish tone in Inflation Report - Compass, Mondi rise strongly after updates techMARK 2,797.20 -0.25% FTSE 100 6,862.96 -0.15% FTSE 250 16,008.81 -0.19% UK stocks were in negative territory o
Read moreLondon open: UK stocks retreat from 14-year high, BoE in focus
14th May 2014 08:43
- FTSE 100 pulls back after nearing record - BoE in focus ahead of inflation report - UK employment data due out - Compass unveils 1bn-pound cash return techMARK 2,798.34 -0.21% FTSE 100 6,857.97 -0.22% FTSE 250 16,046.94 +0.05% UK stocks declined on Wednesday morning as investors took profits aft
Read moreAdmiral turnover weakens as premiums fall
14th May 2014 07:46
UK car insurer Admiral reported a seven per cent drop in first-quarter revenue as premiums continued to fall. Turnover totalled £514m in the three months to March 31st, down from £551m in the same quarter of 2013. "The UK car insurance market remains competitive and consumers continue to benefit f
Read moreFTSE 100 movers: Barratt Developments in top spot, Shell close behind
30th Apr 2014 14:40
Housebuilder Barratt Developments clawed back yesterday's losses, claiming its place in the top spot. Oil major Royal Dutch Shell rose strongly as first-quarter underlying earnings fell by 3% but beat expectations. Bottom-line earnings, however, were hit by £2.9bn of impairments in its Downstream
Read moreLondon midday: Stocks rise but markets cautious ahead of Fed decision
30th Apr 2014 11:53
- Markets cautious ahead of FOMC outcome - Eurozone inflation picks up but misses consensus - Heritage Oil jumps on takeover offer - Shell and Tullow lead markets higher techMARK 2,775.59 -0.56% FTSE 100 6,776.83 +0.10% FTSE 250 15,813.39 -0.52% UK stocks were trading slightly higher on Wednesday
Read moreLondon open: Stocks pause at eight-week high ahead of FOMC
30th Apr 2014 09:20
- Stocks pause at highest since March 6th - FOMC meeting, economic data in focus today - Heritage Oil receives takeover offer - Shell, Tullow and Next rise after updates techMARK 2,781.52 -0.35% FTSE 100 6,774.00 +0.06% FTSE 250 15,872.51 -0.15% UK stocks opened broadly flat on Wednesday morning a
Read moreLondon close: FTSE ends slightly lower ahead of US earnings
23rd Apr 2014 16:59
- FTSE closes down 7.02 points at 6,674.74 - Focus turns to Apple and Facebook earnings - UK public sector net borrowing falls techMARK 2,742.15 +0.13% FTSE 100 6,674.74 -0.11% FTSE 250 15,989.64 -0.58% The FTSE 100 settled just slightly lower than its opening level as investors weighed corporate
Read moreAdmiral CFO sells shares awarded under group scheme
23rd Apr 2014 15:57
Kevin Chidwick, the Chief Financial Officer of FTSE 100 insurance giant Admiral Group, has traded in 37,500 of the 50,000 shares he was awarded under the group's discretionary free share scheme. Chidwick disposed of the shares at 1,350p each, generating proceeds of £506,250. His deputy, Geraint
Read moreFTSE 100 movers: ABF rises US expansion plans, broker upgrade
23rd Apr 2014 15:00
Associated British Foods was in the top spot on the FTSE 100 after the company announced its intention to expand its fast-growing Primark brand into the US towards the end of next year. Panmure Gordon upgraded its rating for the stock from 'hold' to 'buy'. saying: "This is sooner than we had antici
Read moreLondon midday: Stocks move higher as bargain hunters step in
9th Apr 2014 12:10
- UK economy still struggling to rebalance - Motor insurers off as prices drop - Focus to be on Fed meeting minutes techMARK 2,725.84 +1.05% FTSE 100 6,640.60 +0.76% FTSE 250 16,156.11 +0.88% Equities were continuing to move higher at the midday mark, lifted by a decent performance in the US overn
Read moreMotor insurers drop after premiums fall again
9th Apr 2014 11:27
Car insurance premiums fell further in the first quarter of 2014, confounding firms' hopes of a bounce-back and hitting shares in the sector. Prices dropped by 7.5% in the last three months after having shown signs of bottoming out at the end of last year, according to an index from price compariso
Read moreFTSE 100 movers: Insurers and miners at polar ends of index
28th Mar 2014 14:45
Insurance groups were hit by the news the FCA is planning to look into 30m insurance policies sold between the 1970s and 2000 on the back of concerns that they may have contained 'unfair' terms continue to push insurance companies sharply lower. The policies are reportedly worth 150bn pounds. The
Read moreSector movers: Insurance stocks whacked by FCA investigation
28th Mar 2014 14:42
Insurance stocks were reeling on Friday ahead of a Financial Conduct Authority (FCA) investigation into billions of pounds worth of policies dating back four decades on concerns that customers were being exploited. The FCA, which will formally announce the probe on Monday, is focusing on products t
Read moreMonday broker round-up UPDATE
17th Mar 2014 08:31
Admiral Group: Credit Suisse raises target price from 1340p to 1425p and keeps a neutral rating. African Barrick Gold: Canaccord Genuity ups target price from 315p to 330p and maintains a buy recommendation. Amara Mining: Canaccord Genuity moves target price from 25p to 33p and reiterates its buy
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