London 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
Read moreAdmiral Chairman reduces interest after wife makes share sale
6th Mar 2014 15:50
The wife of the Chairman of Admiral this week sold 1.2m pounds-worth of shares on the same day the insurance giant cheered with an in-line set of full-year results. The 1,500p-a-share sale reduced Alastair Lyons's interest by 80,000 shares to 312,152. The disposal took advantage of the recent ri
Read moreLondon close: Negative finish amid profit taking
5th Mar 2014 16:50
- FTSE closes 48 points lower - Ongoing concerns about Ukraine - Poor corporate earnings weigh heavily techMARK 2,899.18 -0.76% FTSE 100 6,775.42 -0.71% FTSE 250 16,614.35 -0.51% It was another negative finish in the City today, as investors engaged in a round of profit taking amid the ongoing cri
Read moreFTSE 100 movers: Admiral climbs on profit jump, Melrose slumps
5th Mar 2014 14:26
Investors cheered an in-line set of full-year results from insurance giant Admiral, as the group increased profits by seven per cent despite revenues falling eight per cent. Randgold Resources rose after Nomura raised its target price from 4,600p to 6,000p and upgraded the stock to 'buy'. Nomura a
Read moreLondon midday: Stocks pull back after strong gains, earnings and data in focus
5th Mar 2014 11:34
- Economic data, China targets closely watched - Ukraine crisis still in focus - Admiral jumps, Melrose sinks - Credit Suisse takes down housebuilders techMARK 2,905.24 -0.55% FTSE 100 6,782.33 -0.61% FTSE 250 16,619.55 -0.48% UK stocks fell on Wednesday as investors focused on a string of import
Read moreAdmiral delivers solid 'comfort food' full-year results
5th Mar 2014 08:49
- Revenue down eight per cent on UK auto market weakness - Pre-tax profit up seven per cent - UK auto a concern but 'will hurt our competitors more' Investors cheered an in-line set of full-year results from insurance giant Admiral on Wednesday, as the group hailed the 'year of the baked potato' -
Read moreLondon open: Stocks edge lower as investors await data
5th Mar 2014 08:28
- Stocks pull back after strong rise - Tensions ease between Russia and Ukraine - Investors await host of economic data techMARK 2,915.70 -0.19% FTSE 100 6,810.51 -0.19% FTSE 250 16,667.83 -0.19% UK markets opened slightly lower on Wednesday morning as investors watched geopolitical developments
Read moreWednesday preview: Admiral and Standard Chartered report 2013 results
4th Mar 2014 15:22
Motor insurance company Admiral Group's annual results on Wednesday are likely to show a record of unbroken profit growth, according to Numis. The broker expects 2013 pre-tax profit of £362m, compared to £345m the previous year, driven by "favourable claims trends". Numis also predicts losses fro
Read moreFTSE 100 movers: CRH soars on 2014 outlook
25th Feb 2014 14:58
CRH climbed to the top of the leaderboard as it looked ahead to 2014, predicting it would be a year of profit growth. The gains came despite poor results in 2013, for which it blamed severe winter conditions and weaker trading in Europe. Comments from broker Jefferies, giving the stock a 'buy' ratin
Read moreFTSE set for positive start after Yellen comments
12th Feb 2014 07:16
The FTSE is set for a modest rise at the opening bell this morning, boosted by a strong performance in the US and Asia overnight following comments from Federal Reserve Chair Janet Yellen. City sources predict the FTSE 100 will open nine points higher than yesterday's close of 6,672.66. In her fi
Read moreAdmiral Group extends reinsurance partnerships
12th Feb 2014 07:07
Admiral Group has extended its existing UK car reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re to at least the end of 2016. The motor insurance company said there has been no material change to the cost or contractual terms of these arrangements. The extended reinsurance
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