Sector movers: Construction sector finds a bid, insurers off
17th Aug 2016 13:49
(ShareCast News) - Insurance stocks dragged on the London equity market after Admiral reported a drop in its so-called Solvency II coverage ratio at the half-year stage from 206% to 180%, courtesy of a large drop in interest rates which in turn boosted its liabilities, particularly in the case of it
Read moreAdmiral hoists dividend but solvency ratio sends 'worrying' signal
17th Aug 2016 07:54
(ShareCast News) - Insurer Admiral lifted its interim dividend by almost a quarter as the UK car and home insurance businesses cruised ahead, but profits were short of City forecasts and analysts angsted about a sharp drop in the Solvency II position in the half. With group turnover of £1.26bn in th
Read moreFTSE 100 movers: Property stocks rally, miners slide
20th Jul 2016 16:42
(ShareCast News) - The FTSE 100 gained 0.47% to 6,728.99 points at the close, buoyed by a rally in real estate and housebuilder stocks. Real estate investors and housebuilders, including Land Securities and Persimmon, a day after a report by the Centre for Economics and Business Research (Cebr) cons
Read moreBroker tips: Vodafone, Admiral, Henderson
20th Jul 2016 12:16
(ShareCast News) - Vodafone Group was given a boost on Wednesday after Deutsche Bank reiterated a 'buy' rating and lifted its target price to 310p from 300p. Ahead of Vodafone's first quarter interims on Friday, Deutsche Bank said the company continues on an "improving growth path" in Europe with bo
Read moreUBS upgrades Admiral Group to 'buy'
20th Jul 2016 09:58
(ShareCast News) - Admiral Group shares gained on Wednesday as UBS upgraded the stock to 'buy' from 'neutral' and raised the target price to 2,339p from 1,840p. UBS said it believes the motor insurance company's major growth drivers - International and Home businesses - are currently undervalued. Th
Read moreWednesday broker round-up
29th Jun 2016 18:09
(ShareCast News) - Petrofac: Jefferies upgrades to buy with a target price of 835p and Societe Generale stays at buy with a target price of 921p. Thomas Cook: JP Morgan keeps at neutral with a 101p target. Standard Life: HSBC keeps at buy with a target price of 360p and Barclays reiterates equal-we
Read moreLondon open: Housebuilders lead FTSE higher on Brexit confidence
22nd Jun 2016 08:41
(ShareCast News) - London stocks inched up on Wednesday morning as polls showed the EU referendum remained too close to call, though rallying housebuilding and financials stocks indicated investors were confident a Brexit will be avoided. The FTSE 100 was 0.09% higher at 6,232.19 just before 0900 BS
Read moreAdmiral names Mumsnet.com co-founder as director
17th Jun 2016 11:57
(ShareCast News) - Shares in insurance group Admiral are up almost 1% after it appointed Mumsnet co-founder and chief executive Justine Roberts to its board as an independent non-executive director. Mumsnet.com is UK's biggest online network for parents, having grown into a national brand with polit
Read moreCommercial insurers face more claims, slimmer margins from August - Fitch
14th Jun 2016 09:34
(ShareCast News) - Insurers are likely to face more more claims, more intense price competition and slimmer margins, Fitch Ratings said, due to changes to UK laws on disputing commercial insurance claims and timing of payments due to come into force in August and next year. Coming into force on 12 A
Read moreThursday broker round-up
9th Jun 2016 16:34
(ShareCast News) - Fevertree Drinks: Berenberg upgrades to buy with a target price of 810p. AO World: JP Morgan keeps at neutral with a 200p target. WH Smith: JP Morgan stays at overweight with a target price of 1850p. Lancashire Holdings: UBS keeps at neutral with a target of 610p. Admiral Group
Read moreAdmiral CEO to give employees £7m parting gift
17th Mar 2016 14:08
(ShareCast News) - Admiral chief executive Henry Engelhardt, who is due to retire in May, will give away a £1,000 parting gift to every full time worker as a thank you for helping to turn the business around. Engelhardt and his wife Diane will give the cash gift - which will set them back £7m - to a
Read moreFTSE 100 movers: Anglo American up while Admiral slumps
14th Mar 2016 14:23
(ShareCast News) - The FTSE 100 was trading up on Monday afternoon, as investors shrugged off weaker Chinese production and consumption data, with miners leading the charge. Embattled miner Anglo American was among the leaders, after news its boss Mark Cutifani took home a smaller pay cheque in 2015
Read moreBroker tips: Fever-Tree, Admiral, ITV
14th Mar 2016 14:03
(ShareCast News) - Investec reiterated its 'buy' rating and target price of 740p for Fever-Tree on Monday after the carbonated drinks maker reported a jump in full year profit. In the year to the end of December, pre-tax profit rose to £16.8m compared with £2.5m the previous year as revenue grew 71%
Read moreAdmiral drops on BofA Merrill Lynch, HSBC downgrades
14th Mar 2016 08:04
(ShareCast News) - Insurer Admiral was under the cosh on Monday following downgrades from HSBC and Bank of America Merrill Lynch. Bank of America Merrill Lynch downgraded Admiral to 'underperform' from 'neutral' as it took a look at the UK non-life insurance sector. It said Admiral's valuation has
Read moreTuesday broker round-up
8th Mar 2016 14:42
(ShareCast News) - South32: HBSC upgrades to buy with a target price of 85p. Capital & Counties Properties: Exane BNP Paribas downgrades to underperform. 348P target. Admiral Group: Nomura upgrades to buy with a target price of 2325p. Millennium & Copthorne Hotels: Berenberg downgrades to sell wit
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