London 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
Read moreMonday broker round-up UPDATE
16th Dec 2013 08:16
Admiral Group: Deutsche Bank moves target price from 1300p to 1330p and maintains a hold recommendation. Allocate Software: N+1 Singer raises target price from 98p to 108p keeping a buy recommendation. Amlin: Deutsche Bank ups target price from 465p to 484p reiterating its hold recommendation. Ca
Read moreTuesday broker round-up UPDATE
10th Dec 2013 09:43
Amlin: Westhouse Securities moves target price from 470p to 480p and reiterates an add rating. Antofagasta: Credit Suisse reduces target price from 900p to 750p, while upgrading to neutral. UBS cuts target price from 845p to 765p retaining its neutral rating. Ashley House: WH Ireland moves target
Read moreWednesday broker round-up UPDATE
4th Dec 2013 09:21
Afren: FinnCap lowers target price from 170p to 165p and downgrades to hold. Amlin: Espirito Santo upgrades to buy with a target price of 509p. Betfair: Citi raises target price from 1150p to 1225p maintaining a buy recommendation. Brewin Dolphin: Canaccord Genuity increases target price from 285
Read moreHead of Amlin UK to retire next year
3rd Dec 2013 16:34
Amlin UK's Chief Executive Officer, Brian Carpenter, has announced his plan to retire from the company in 2014. Leadership of the business's property and liability underwriting will be taken on by Robert Lawther, Deputy Underwriting Director of Amlin UK, with immediate effect. Carpenter's other
Read moreFriday broker round-up UPDATE
15th Nov 2013 07:38
Amlin: Berenberg raises target price from 398p to 434p, but still recommends selling. Barclays cuts target price from 481p to 453p and retains an overweight rating. Antofagasta: Numis raises target price from 750p to 850p and reiterates a hold recommendation. AstraZeneca: Liberum Capital upgrades
Read moreFTSE 250 movers: Ophir Energy jumps after disposal, Serco drops
14th Nov 2013 15:35
Africa-focused oil explorer Ophir Energy saw its share price surge on Thursday after the company announced that it is selling its 20 per cent interest in Tanzanian Blocks 1, 3 and 4 to Pavilion Energy for 1.28bn dollars. Heading the other way was Serco which tumbled as the service company warned p
Read moreInsurer Amlin to beat RoE target after catastrophe-free Q3
14th Nov 2013 07:43
- RoE to beat 15 per cent target this year - No major catastrophe losses in Q3 - Outlook slightly cautious for 2014 In the absence of any major catastrophe losses in the third quarter, insurance group Amlin said it now expects to deliver an above-target return on equity for 2013. Full-year results
Read moreLondon close: Financials lead markets lower as RSA sinks
5th Nov 2013 16:22
- UK services growth accelerated in October - European Commission downgrades Eurozone growth - RSA leads financials lower after gloomy update techMARK 2,647.46 -0.14% FTSE 100 6,746.84 -0.25% FTSE 250 15,367.61 -0.65% UK markets finished slightly lower on Tuesday as upbeat domestic economic data w
Read moreSector movers: Financials fall as RSA gives gloomy update
5th Nov 2013 13:45
The insurance and banking sectors were out of favour on Tuesday, providing a drag on markets with RSA the standout faller after disappointing the market with a third-quarter update. In a earlier-than-expected statement, the company warned that weather-related losses would be greater than expected t
Read moreFriday broker round-up UPDATE
27th Sep 2013 08:48
Admiral Group: Berenberg ups target price from 1060p to 1080p, but still recommends selling. Amlin: Berenberg reduces target price from 422p to 398p and downgrades to sell. Atkins (WS): JP Morgan increases target price from 1298p to 1348p and maintains an overweight rating. AZ Electronic Material
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