Sector movers: Insurers drop as Admiral and Aviva disappoint
9th Jul 2014 14:43
Sinking share prices of Admiral and Aviva ensured that the insurance sector was firmly in the red on Wednesday afternoon. "Insurers are feeling the brunt of the bearishness today," said Will Hedden, Premium Client Manager at IG. Motor insurance group Admiral disappointed the market with a gloomy o
Read moreAmlin plans to increase stake in Leadenhall JV to 75%
7th Jul 2014 08:41
Amlin announced on Monday that it has reached non-binding agreement to grow its stake in Leadenhall Capital Partners (LCP) LLP, its joint venture (JV) investment management business with LCP's individual partners. The FTSE 250 non-life insurance and reinsurance underwriting group is planning to in
Read moreAmlin sees 5.1 per cent gross written premium growth in Q1
22nd May 2014 08:59
A good start to 2014 was had by non-life insurance and reinsurance underwriting group Amlin, with gross written premium growth of 5.1 per cent in the first quarter. The figure rose to £1,276.7m from £1,215.0m a year earlier, while at constant rates of exchange gross written premium increased by 8.3
Read moreFriday broker round-up UPDATE
28th Mar 2014 12:35
888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation. Aberdeen Asset Management: JP Morgan cuts target price from 529p to 509p and stays with its overweight rating. Advanced Medical Solutions: Investec shifts target price from 121p to 129p, while down
Read moreFTSE 250 movers: Perform rises on turnaround hopes
4th Mar 2014 15:04
Sports media group Perform surged on turnaround hopes following a seven per cent fall in earnings per share in 2013. The company said the board was taking the opportunity to address the large cost base and had 'already put in place a series of plans and initiatives'. Pace, which develops technolog
Read moreTuesday broker round-up UPDATE
4th Mar 2014 09:37
Abcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
Read moreAmlin's annual pre-tax profit jumps as insurance claims decline
3rd Mar 2014 09:30
- Pre-tax profit rises 23.3 per cent - Gross premiums and ROE increase - Major catastrophe losses narrow - Dividend raised 8.3 per cent Insurance firm Amlin achieved a 23.3 per cent rise in annual pre-tax profit to 325.7m pounds, supported by growth in premiums and lower catastrophe activity. Gro
Read moreWednesday broker round-up UPDATE
5th Feb 2014 09:04
Afren: Westhouse Securities ups target price from 165p to 180p retaining a buy recommendation. Amlin: Nomura lowers target price from 467p to 442p maintaining a neutral rating. ARM Holdings: Jefferies reduces target price from 1300p to 1140p, while keeping a buy recommendation. Deutsche Bank cuts
Read moreFriday broker round-up UPDATE
31st Jan 2014 09:43
Aberdeen Asset Management: Berenberg cuts target price from 555p to 530p staying with its buy recommendation. Amlin: Canaccord Genuity moves target price from 420p to 430p reiterating a hold recommendation. ARM Holdings: Credit Suisse cuts target price from 1150p to 1100p and reiterates an outperf
Read moreFTSE 250 movers: F&C Asset Management up on read-across
20th Jan 2014 13:45
F&C Asset Management was to be found in the upper rungs of the leader-board today after Credit Suisse upped the majority of its price targets for Europe's Diversified Financials. The sector has the highest 'gearing' to a rise in 10-year US Treasury yields, the Swiss broker's analysts explained.
Read moreLondon pre-open: Quiet start for FTSE
20th Jan 2014 07:15
City sources predict the FTSE 100 will open nine points below Friday's close of 6,829.30, beginning the week on a quiet note as US markets close for Martin Luther King Day and with little due out in the way of European data and results. Over in Asia markets were broadly lower after data released f
Read moreAmlin to expand into Germany
20th Jan 2014 07:01
FTSE 250 listed Amlin has been granted permission to offer insurance products in Germany and plans to operate a branch from Hamburg, it announced Monday. As part of its move, Amlin Europe has appointed Martin Bircks as its Managing Director, who is joining the company from Zurich Insurance Group w
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreSector movers: RSA lifts insurers, China data dampens miners
6th Jan 2014 15:11
The non-life insurance sector was the best performing category on Monday after strong gains from RSA Insurance, while mining stocks led the downside after some disappointing Chinese economic data. RSA was up nearly 7% at 98.2p in afternoon trade after positive comments from UBS which raised its tar
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