Aston Martin expects continued sales growth, IPO costs hit profits
28th Feb 2019 08:56
(Sharecast News) - Aston Martin Lagonda Global reported good underlying growth in its the first results since its 2018 flotation, though fell to a statutory loss due to listing costs.
Read moreJefferies initiates coverage on Aston Martin at 'underperform'
11th Oct 2018 15:11
(Sharecast News) - Jefferies initiated coverage on the shares of newly-listed automaker Aston Martin on Thursday with an 'underperform' rating and a target price of 1,400p per share, noting that as the iconic British firm's IPO did not include any primary capital, selling shareholders may have missed a chance to start a relationship with public equity markets "on the right foot".
Read moreAston Martin starts off in low gear after IPO
3rd Oct 2018 08:05
(Sharecast News) - Aston Martin Lagonda was valued at £4.3bn by investors as the luxury car manufacturer floated on the London Stock Exchange on Wednesday, short of the £5bn that had been hoped.
Read moreBroker tips: Glencore, Amlin, United Utilities
8th Sep 2015 16:00
(ShareCast News) - JPMorgan Cazenove upgraded Glencore to 'neutral' from 'underweight' and lifted its price target to 150p from 130p. It said the miner's debt-reduction measures announced on Monday broadly address concerns over the sustainability of the investment grade credit rating. The bank now
Read moreFTSE 250 movers: Amlin surges on Sumitomo deal, Home Retail drops on downgrade
8th Sep 2015 14:31
(ShareCast News) - London's mid-cap index was up 1.2% to 17,037.67 on Tuesday, tracking broader gains in the market as investors took comfort from a better-than-expected report on Chinese exports. Shares in Amlin surged after Japan's Mitsui Sumitomo Insurance Company said it has agreed to buy the UK
Read moreLondon midday: Stocks higher after China exports fall less than forecast
8th Sep 2015 11:54
(ShareCast News) - London stocks were sitting higher after a better-than-expected report on Chinese exports lifted sentiment. China's exports dropped 5.5% in August from a year earlier in dollar terms after a 8.3% drop in July, according to the General Administration of Customs, better than the 6.6%
Read moreRBC Capital upgrades Amlin on 'highly attractive' Sumitomo offer
8th Sep 2015 11:03
(ShareCast News) - RBC Capital Markets upgraded Amlin to 'sector perform' from 'underperform' and raised its price target to 675p from 435p on news the insurer has agreed to be bought by Japan's Mitsui Sumitomo Insurance Company for £3.47bn. RBC said: "The recommended cash offer for Amlin by Mitsui
Read moreAmlin shares surge on Mitsui Sumitomo deal
8th Sep 2015 07:31
(ShareCast News) - Shares in Amlin surged after Japan's Mitsui Sumitomo Insurance Company said it has agreed to buy the UK insurer for £3.47bn. Under the terms of the deal, Mitsui will pay 670p a share for Amlin, whose shareholders will be eligible for an 8.4p per share dividend on 1 October. The d
Read moreTuesday tips round-up Amlin, NewRiver Retail
25th Aug 2015 10:25
(ShareCast News) - The Times' Tempus said investors should hold shares in Amlin as it had an attractive dividend yield and special payouts were possible. Amlin was one of only five listed Lloyd's of London insurances in a consolidating market, which has accelerated in the past two years. "With the
Read moreAmlin first-half profit drops on accounting change, but dividend lifted
24th Aug 2015 07:53
(ShareCast News) - Insurer Amlin posted a fall in interim pre-tax profit, mainly on the back of a change to its accounting for the seasonality of catastrophe and reinsurance earned premium. Pre-tax profit for the six months ended 30 June was £143.3m, down from £148.5m in the first half of last year,
Read moreCredit Suisse downgrades Hiscox on valuation grounds
14th Jul 2015 10:41
(ShareCast News) - Credit Suisse downgraded Hiscox to 'underperform' from 'neutral' but raised its target price on the stock to 720p from 655p. "Whilst we continue to believe that Hiscox's exposure to retail customers has the ability to offset partly the negative trends seen at peers, the group trad
Read moreFTSE 250 movers: Berkeley soars on higher full-year profit, Amlin downgraded
17th Jun 2015 13:35
Mid-caps remained shaky on Wednesday, as investors looked to the Federal Reserve's upcoming policy decision and negative news from Greece continued to weigh on sentiment. As of 14:30 BST, the FTSE 250 was trading 0.23% lower at 17,696. Property developer Berkeley Group topped the risers after posti
Read moreLondon close: FTSE pulls back from record as miners dip into the red
2nd Mar 2015 16:37
UK stocks inched lower on Monday after hitting a new intraday record high during the session as markets were underwhelmed by a raft of positive manufacturing data and a rate cut in China. London's FTSE 100, which rose to a new all-time peak of 6,974.26 early on, finished 6.02 points lower (-0.09%) a
Read moreFTSE 250 movers: Amlin sinks on weak profits, Electrocomponents up as chairman buys shares
2nd Mar 2015 13:19
Amlin, the British insurer and re-insurer, topped the fallers after reporting a drop in full-year pre-tax profit by 21%, as an environment of low interest rates and weaker investment return dented profitability. Broker Numis Securities cut its rating on the stock from' buy' to 'hold', noting the res
Read moreAmlin blames low interest rates for falling profitability in 2014
2nd Mar 2015 10:49
Amlin, the British insurer and reinsurer reported a drop in full-year pre-tax profit by 21% as the low interest rates environment together with a drop in investment return dented profitability. "Profit was lower through a combination of reduced reserve releases after high levels in 2013, and a fall
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