Nomura upgrades Admiral to 'buy'
8th Mar 2016 10:40
(ShareCast News) - Nomura upgraded Admiral to 'buy' from 'neutral' and lifted the price target to 2,325p from 1,630p as it took a look at UK non-life insurers. The Japanese bank's two key reasons for upgrading the stock are exposure to rising UK motor rates and the potential to pay out excess capita
Read moreLondon close: FTSE closes lower as traders sift through data
3rd Mar 2016 16:07
(ShareCast News) - The FTSE 100 closed in the red on Thursday following a batch of downbeat economic data. UK services activity declined much more than expected in February as economic growth slowed to its weakest for almost three years, according to Markit/CIPS data. The Markit/CIPS services purch
Read moreFTSE 100 movers: Admiral charges ahead while Whitbread slumps
3rd Mar 2016 14:29
(ShareCast News) - The FTSE 100 was down 0.28% to 6,130.15 in afternoon trading on Thursday, having gained X to Y, as oil slipped back and investors digested the slowest growth in construction since last April. Admiral led the risers, after it posted a forecast-beating and record 6% jump in full-yea
Read moreAdmiral races ahead as full year numbers beat expectations
3rd Mar 2016 08:25
(ShareCast News) - Shares in Admiral raced ahead on Thursday after the insurer posted a forecast-beating and record 6% jump in full year pre-tax profit as its car insurance customers grew. For the year to the end of December, pre-tax profit rose to £377m from £357m in 2014 as customer numbers grew 9
Read moreThursday preview: Admiral and CRH report finals
2nd Mar 2016 13:04
(ShareCast News) - Admiral's full year results on Thursday are expected to show modest growth in UK car insurance profitability. Numis said it expects pre-tax profit to be "broadly unchanged" from 2014 at £359m, as an improvement in UK car insurance profits is likely to be offset by an increased dra
Read moreWednesday broker round-up
27th Jan 2016 17:31
(ShareCast News) - Aldermore Group: Investec reiterates buy recommendation and keeps target price at 325p. Saga: Numis stays at addwith 235p target and Canaccord Genuity upgrades to buy 240p target. Crest Nicholson: Jefferies keeps at buy and raises target from 719p to 740p. Ophir Energy: Credit S
Read moreFTSE 100 movers: Political issues in South Africa hit Old Mutual again
11th Dec 2015 14:25
(ShareCast News) - The FTSE 100 has failed to regain any traction on the week, with the blue chip market down 21.60 points (2.00%) to 5,966.45 by mid-afternoon Friday. Old Mutual again led the fallers, still reeling from political issues in South Africa. It's the second day of major falls for the co
Read moreFTSE 100 movers: Barratt up, Morrisons slumps on disappointing results
10th Sep 2015 14:41
(ShareCast News) - London's top-flight index fell on Thursday and by 1439 BST, was down 1.2% to 6,156 as worries about a slowdown in China and concerns that the Federal Reserve might hike rates in September weighed on sentiment. Housebuilder Barratt Developments was a higher riser for the second day
Read moreBofAML downgrades Admiral on valuation grounds
7th Sep 2015 14:44
(ShareCast News) - Bank of America Merrill Lynch downgraded Admiral to 'neutral' from 'buy' on valuation grounds, keeping the price target at 1,650p. It noted the stock has outperformed the sector by 20% year-to-date in constant currency terms and around 15% since the interim results. "With around
Read moreThursday tips round-up: Admiral, Glencore
20th Aug 2015 10:57
(ShareCast News) - Admiral surprised the market on Wednesday by beating profit expectations and improving customer numbers, the Financial Times' Lex wrote. The insurer has a low cost base, the Lex wrote, which works its favour in a highly competitive market. Lex said the insurer's limited near-term
Read moreFTSE 100 movers: Glencore drags blue chips lower
19th Aug 2015 14:38
(ShareCast News) - Following the downbeat overnight sessions elsewhere, the FTSE 100 shot lower in early trade and by the afternoon had failed to crawl higher. By 1545, the blue chip index was down 1.35% at 6,438.07 points, with only a dozen companies' shares in positive territory. Leading the fall
Read moreAdmiral posts forecast-beating rise in first-half profit
19th Aug 2015 07:42
(ShareCast News) - Shares in Admiral Group rose after the insurer reported a forecast-beating 1% increase in first-half pre-tax profit as it benefited from growing customer numbers. Pre-tax profit for the six months ended 30 June was £186.1m, up from £184.9m in the first half of 2014 and beating con
Read moreWeek ahead: UK, US inflation reports to add fuel to hike debate
14th Aug 2015 11:34
(ShareCast News) - Several data prints during the coming will add more fuel to debates about interest rates hikes in the UK and US, with inflation figures and Federal Reserve meeting minutes keenly viewed around the world. There will also be a focus on Japan as it begins the week with second quarter
Read moreAdmiral, RSA, Direct Line driven north by premiums news and bargain hunters
21st Jul 2015 15:54
(ShareCast News) - Car insurers Admiral Group, RSA and Direct Line steered to the top of the blue chip leader board on Tuesday, sparked by a 5% rise in car insurance premiums in the second quarter. As well as the boost from insurance premiums announced by AA, Admiral was further lifted by bargain hu
Read moreFTSE 100 movers: Royal Mail dips on underwhelming revenues, insurers and supermarkets higher
21st Jul 2015 14:04
(ShareCast News) - London markets were muted on Tuesday as investors awaited earnings reports from US tech giants and remained wary of interest rate hikes from the Bank of England and Federal Reserve. As of 15:00 BST, the FTSE 100 was trading flat at 6,784. Royal Mail dipped after delivering a mixe
Read more