Tuesday broker round-up - UPDATE
7th Feb 2012 10:14
Shire: Goldman Sachs reiterates 'conviction buy.' Misys: Berenberg Bank downgrades to hold from buy. BP: Nomura maintains neutral rating and 500p target. Cairn: UBS ups target from 291p to 370p, neutral rating kept; Credit Suisse ups target from 357p to 369p, neutral rating kept. Rio Tinto: Cred
Read moreLondon open: Miners tank in early trade
7th Feb 2012 08:35
A fall in the mining sector outweighed a strong showing by oil stocks as the Footsie slipped in early trading. Eyes will again be on Greece with as the meeting between Prime Minister Lucas Papademos and the country's three main political parties, originally scheduled for yesterday, is due to take p
Read moreAmlin estimates pay out on cruise disaster
7th Feb 2012 07:45
Insurance and reinsurance company Amlin has estimated that its worst case position resulting from the grounding of the cruise ship Costa Concordia would be less than £10m, net of reinsurance recoveries. The shipwreck has led to market claim estimates of $500m to $1bn for the cost of damage to the v
Read moreSunday newspaper round-up: S&P, India, North Sea, Strikes
25th Dec 2011 13:06
In this weekend´s edition of the Financial Times John Authers argues that investors should not buy into the theme that "stocks are cheap". In his opinion, if they seem to be so it is only because," traders are sensibly discounting a likely fall in profits."He does admit, however, that for countries
Read moreLondon Close: Footsie enjoys pre-Christmas surge
23rd Dec 2011 12:45
Footsie has battled its way above 5500, and there are just a handful of the top-share index's constituents that are not participating in the advance, including banking titans Lloyds, Standard Chartered, HSBC and Royal Bank of Scotland. Hopes that the US recovery is gathering pace and that it might,
Read moreLondon open: Vultures circle round Blacks Leisure
23rd Dec 2011 08:30
The top-share index briefly broke through the 5500 barrier this morning but could not sustain it, as traders' thoughts turn to mince pies, mulled wine and a dash to the shops for a bit of last minute Christmas shopping - and, while they are at it, to check that the shops are still in business. Blac
Read moreLondon pre-open: London to follow Wall Street higher
23rd Dec 2011 07:50
London's leading stocks are set to edge higher in a truncated trading session ahead of the long week-end. Taking its lead from Wall Street, which enjoyed a good day on the back of some favourable economic data, the FTSE 100 is set to open around 30 points up from yesterday's close of 5,457. Corpor
Read moreAmlin gets ready for earthquake, wind and hurricane
23rd Dec 2011 07:39
Amlin, the insurance company, has increased its own coverage against hurricanes and earthquakes in the US and windstorm peril in Europe through a $150m bond. The deal has seen Bermudian company Tramline Re take on the re-insurance contract then package it up into "principle-at-risk" three-year vari
Read moreSector movers: Thomas Cook, IAG drag down travel stocks
22nd Nov 2011 14:14
The travel and leisure sector was dragged lower on Tuesday after Thomas Cook plummeted over 70% after saying that it was in talks with its banks about borrowing more money. Thomas Cook said it was going back to its banks because of a "deterioration of trading in some areas of the business in the c
Read moreFTSE 250 movers: Miners tumble on global fears
21st Nov 2011 13:02
The mining sector suffered some heavy losses on Monday as concerns of the global economy weighed on sector sentiment, and metals prices. Centamin Egypt, Kenmare Resources, Aquarius Platinum, Petropavlovsk and Allied Gold Mining were among the worst performers on the FTSE 250. While the miners bo
Read moreBroker tips: Centrica, Amlin, House-builders
21st Nov 2011 12:56
Investec has reiterated its buy rating on British Gas owner Centrica after the energy giant's announcement of "major moves in the gas market". "We believe that these are good moves that will underpin Centrica's position on both the Upstream and Downstream side," said Investec analyst Angelos Anasta
Read moreBroker snap: UBS, Credit Suisse cut targets for Amlin
21st Nov 2011 12:55
Both UBS and Credit Suisse have cut their target prices for FTSE 250 insurance firm Amlin following the group's third quarter update last week. UBS notes that Amlin raised the estimated loss from the Japanese earthquake to $206m from $156m, while the loss from New Zealand rose by 11% to $338m. "Ear
Read moreMonday broker round-up - UPDATE
21st Nov 2011 08:23
RBS: Banco Espirito Santo lowers to neutral, cuts target to 22p from 51p. Centrica: Investec puts target price under review, buy rating unchanged. Capita: Credit Suisse cuts target from 780p to 770p, outperform rating kept. Capital Shopping Centres: Seymour Pierce maintains reduce stance and 324
Read moreFTSE 250 Movers: Amlin tops the charts
17th Nov 2011 15:14
Insurance firm Amlin was the top riser after it saw a 7.1% rise in gross written premiums for the 10 months ended 30 October, but warned full year results will be affected by ongoing market volatility and a rise in the number of claims made. Gross written premiums, the revenue expected to be genera
Read moreAmlin sees 7% rise in gross written premiums
17th Nov 2011 12:19
Insurance firm Amlin saw a 7.1% rise in gross written premiums for the 10 months ended 30 October, but warned full year results will be affected by ongoing market volatility and a rise in the number of claims made. Gross written premiums, the revenue expected to be generated over the period of a c
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