FTSE 250 movers: Wood Group rises on better-than-expected earnings
19th Aug 2014 16:24
First-half earnings at energy services provider John Wood Group were flat but slightly better than the market was expecting, pushing shares higher on Tuesday. Revenues were up 10% at $3.8bn as the company benefitted from strong activity in the US shale sector. Amlin fell after Deutsche Bank cut its
Read moreTuesday broker round-up
19th Aug 2014 09:19
Amlin: Deutsche Bank cuts target price from 472p to 461p and reiterates a hold recommendation. Anglo Pacific: FinnCap lowers target price from 184p to 180p retaining a hold recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 1057p to 1063p and keeps a buy recommendation. Libe
Read moreTuesday tips round-up: Bovis Homes, Amlin
19th Aug 2014 09:18
Bovis Homes saw legal completions jump 54% to 1,487 homes for the six months ended on 30 June and has already sold almost the entirety of the houses which it plans to build this year. The result of the above were outsized gains in both revenues and pre-tax profits which in turn fed a 200% increase i
Read moreAmlin profits hit by large catastrophe losses, FX movements
18th Aug 2014 11:14
Non-life insurance and reinsurance underwriting group Amlin posted a drop in half-year pre-tax profit, which it blamed on an adverse foreign exchange translations of £24.6m and large catastrophe losses. The figure dropped from £161.4m to £148.5m year-on-year, while earnings per share declined from
Read moreFriday broker round-up UPDATE
8th Aug 2014 10:19
African Minerals: Canaccord Genuity cuts target price from 170p to 150p, while keeping its buy recommendation. AMEC: Credit Suisse reduces target price from 1250p to 1150p retaining a neutral rating. Nomura reduces target price from 1450p to 1250p staying with its buy recommendation. UBS cuts targe
Read moreSector 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.
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