FTSE 100 movers: Tullow, mining stocks provide a drag
9th Dec 2013 14:57
Oil group Tullow was among the worst performers on Monday after saying it has plugged and abandoned its Tultule-1 wildcat well onshore Ethiopia as it failed to encounter oil. Mining stocks were also under heavy selling pressure despite data showing a strong acceleration in export growth last month
Read moreBroker tips: Tullow, Admiral, Jupiter Fund Management
9th Dec 2013 12:14
Canaccord Genuity has kept its 'hold' rating and 1,050p target price for Tullow Oil after the firm plugged and abandoned the Tultule-1 well onshore Ethiopia after it failed to find oil. The broker explained that it had only attributed a value of 1p per share to Tultule on a risked basis (5p/share u
Read moreBroker snap: Admiral's Munich Re extension should ease dividend fears, says Numis
9th Dec 2013 09:18
Numis Securities has reiterated its 'add' rating and 1,425p target price for Admiral following the insurance group's announcement that it has extended its underwriting agreement with Munich Re. London-listed Admiral said on Monday that it has renewed its reinsurance contract with the German firm fr
Read moreLondon pre-open: Markets to extend gains on US, China data
9th Dec 2013 07:36
Markets are expected to open higher on Monday morning, extending gains after a surge the previous session in the aftermath of the better-than-expected US jobs report. City sources predict the FTSE 100 will open up 20 points from yesterday's close of 6,551.99. Global indices gained strongly on Fr
Read moreAdmiral extends underwriting agreement with Munich Re
9th Dec 2013 07:05
Insurance group Admiral has extended its underwriting arrangements with German peer Munich Re for its UK car insurance business. Munich Re underwrites 40% of the firm's UK car insurance business and the new agreement extends this from the end of 2016 until at least the end of 2018. "The long-stand
Read moreMonday broker round-up UPDATE
2nd Dec 2013 08:22
Aberdeen Asset Management: Credit Suisse raises target price from 465p to 515p and maintains a neutral rating. Admiral Group: Citi moves target price from 1215p to 1220p and retains a neutral rating. AVEVA Group: Numis upgrades to buy with a target price of 2980p. AZ Electronic Materials: Deutsch
Read moreSector movers: Non-life insurers hit as RSA disappoints
11th Nov 2013 16:02
Another gloomy update from RSA meant that the non-life insurance sector was the worst-performing category on Monday with the group's share price dropping by as much as a tenth in afternoon trade. The company revealed that it has launched an independent review of its financial and regulatory reporti
Read moreAdmiral reports fall in third-quarter turnover
11th Nov 2013 07:41
Motor insurance company Admiral Group's turnover fell seven per cent to 528m pounds in the third quarter, reflecting a decline in UK car insurance revenue. Group vehicle count rose 3% to 3.64m, as an increase in international vehicle count offset flat results in the UK. UK car insurance turnover
Read moreLondon close: FTSE ends on high note after payrolls beat expectations
8th Nov 2013 16:37
- FTSE ends day 11 points higher - US payrolls come in above expectations - IAG leads gains techMARK 2,640.30 -0.10% FTSE 100 6,708.42 +0.17% FTSE 250 15,342.03 -0.31% After spending much of the day in the red, the FTSE 100 ultimately ended the final session of the week on a much more positive not
Read moreLondon close: Financials lead markets lower as RSA sinks
5th Nov 2013 16:22
- UK services growth accelerated in October - European Commission downgrades Eurozone growth - RSA leads financials lower after gloomy update techMARK 2,647.46 -0.14% FTSE 100 6,746.84 -0.25% FTSE 250 15,367.61 -0.65% UK markets finished slightly lower on Tuesday as upbeat domestic economic data w
Read moreSector movers: Financials fall as RSA gives gloomy update
5th Nov 2013 13:45
The insurance and banking sectors were out of favour on Tuesday, providing a drag on markets with RSA the standout faller after disappointing the market with a third-quarter update. In a earlier-than-expected statement, the company warned that weather-related losses would be greater than expected t
Read moreMonday broker round-up UPDATE
14th Oct 2013 08:46
Admiral Group: JP Morgan cuts target price from 1122p to 1022p maintaining an underweight rating. Balfour Beatty: Numis increases target price from 285p to 315p and stays with its add rating. Bankers Petroleum: Goldman Sachs takes target price from 365p to 379p and reiterates a buy recommendation.
Read moreFriday broker round-up UPDATE
4th Oct 2013 09:32
Aberdeen Asset Management: JP Morgan lowers target price from 523p to 509p maintaining an overweight rating. Admiral Group: Canaccord Genuity cuts target price from 1200p to 1160p retaining its sell recommendation. API Group: Numis downgrades to add with a target price of 85p. Arbuthnot Banking G
Read moreFriday broker round-up UPDATE
27th Sep 2013 08:48
Admiral Group: Berenberg ups target price from 1060p to 1080p, but still recommends selling. Amlin: Berenberg reduces target price from 422p to 398p and downgrades to sell. Atkins (WS): JP Morgan increases target price from 1298p to 1348p and maintains an overweight rating. AZ Electronic Material
Read moreLondon close: Stocks rise despite more unbalanced UK economy
26th Sep 2013 16:58
London's benchmark FTSE 100 index ended the day up 14.06 points at 6,565.59, rebounding after hitting a two-week low of 6,551.53 on Wednesday. That came after a solid reading on US initial weekly unemployment claims - unemployment is the key variable for the short-term economic outlook. However,
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