London midday: Footsie little changed despite excitement
3rd Nov 2010 12:12
There is plenty of movement in share prices today, but with stocks moving in both directions, Footsie is little changed. Lloyds Banking's announcement of its new chief executive has attracted investor excitement. It has appointed Antonio Horta-Osorio, the head of Spanish bank Santander's UK busine
Read moreBroker snap: Admiral overvalued despite a stable Q3
3rd Nov 2010 11:55
Despite a positive third quarter statement, finnCap sees Admiral's stock as overvalued and recommends a 'sell' for the car insurer. Vehicle count has grown by 28% in the UK with rates going up in double digits "but competition remains in the aggregator market, which is Admiral's life blood", said a
Read moreLondon open: Markets waits on Fed decision
3rd Nov 2010 08:50
Leading shares are mixed in London as traders get to grips with the implications of yesterday's US mid-term election results. The Republicans took control of the House of Representatives, but not the Senate, raising the prospect of the next two years of President Obama's tenure in the White House
Read moreLondon pre-open: Inching higher
3rd Nov 2010 07:36
City forecasters are predicting juts a small gain for London when trading begins as the dust settles after last night's election results in the US. The FTSE 100 is expected to add around 5 points at the start. The Republicans took control of the House of Representatives, but not the Senate. Next
Read moreCalm seas for Admiral during Q3
3rd Nov 2010 07:01
Not much has changed at Admiral since August's interim results and the car insurer remains on track to meet analysts' consensus profit estimates for 2010. Turnover jumped more than 50% during the third quarter to £446m and group vehicle count was 28% higher than the same time last year. UK ancilla
Read moreFTSE 100 movers: Miners move higher
6th Oct 2010 13:51
Miners dominate the risers as metals prices rise on the back of a weak dollar. Kazakhmys is higher after yesterday's share sale by the chairman to the Kazakhstan government. Higher gold prices are pushing African Barrick Gold higher. Even Rio Tinto and BHP Billiton are higher despite doubts abou
Read moreLondon close: Sluggish Footsie limps higher
10th Sep 2010 16:38
Modest gains on Wall Street failed to spur London into action and the leading share index closed just a few points higher. US shares were boosted by economic figures showing wholesale inventories jumped by 1.3% in July, ahead of estimates, and sales at distributors rose by 0.6%. Among companies he
Read moreFTSE 100 movers: Financials move higher
10th Sep 2010 16:05
Financials are pushing the Footsie higher. Interdealer broker ICAP is the best performer with Aviva, 3i, Admiral, Lloyds and Legal & General not far behind. Miner ENRC continues to decline because of its dispute with First Quantum concerning ENRC's acquisition of a majority interest in Camrose Re
Read moreLondon afternoon: Main index little moved
10th Sep 2010 14:39
We're little changed from last night's close as Wall Street opens, with a largely bright financials sector offset by mostly weaker commodity plays. Most banks have done well - Barclays excluded - on hopes that new banking rules announced this weekend will be favourable. Regulators are meeting this
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
30th Jul 2010 10:45
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0945 GMT [Dow Jones] Citigroup raises Admiral Group (ADM.LN) target price to 1550p from 1250p. "We think the sun, the moon
Read moreMARKET TALK: Citigroup Raises Admiral Group Target Price
30th Jul 2010 10:45
0945 GMT [Dow Jones] Citigroup raises Admiral Group (ADM.LN) target price to 1550p from 1250p. "We think the sun, the moon and the stars are coming into perfect alignment in UK motor, such that strong share price momentum is likely to continue at least into 1H results," says brokerage. However, says
Read moreMARKET TALK: Jefferies Raises Admiral Group Target Price
19th Jul 2010 07:38
0638 GMT [Dow Jones] Jefferies raises Admiral Group (ADM.LN) target price to 1633p from 1439p "to reflect a lower discount rate." Says press reports suggest that Admiral will begin underwriting household insurance, possibly as early as next year. "While this will take some time to feed into earnings
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
19th Jul 2010 07:38
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0638 GMT [Dow Jones] Jefferies raises Admiral Group (ADM.LN) target price to 1633p from 1439p "to reflect a lower discount ra
Read moreMARKET TALK: Execution Downgrades Admiral To Hold
14th Jul 2010 08:51
0751 GMT [Dow Jones] Execution Noble downgrades Admiral (ADM.LN) to hold from buy. "We expect EPS growth of 19% in 2011 falling to 13% in 2012 and as such with no upgrades likely in the near term we feel the valuation is now full." It reckons that if and when equity markets stabilize and some of the
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
14th Jul 2010 08:51
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0751 GMT [Dow Jones] Execution Noble downgrades Admiral (ADM.LN) to hold from buy. "We expect EPS growth of 19% in 2011 fa
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