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 more8th 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 more8th 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 more25th 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 more24th 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 more14th 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 more17th 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 more2nd 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 more2nd 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 more2nd 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
Read more19th 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 more19th 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 more19th 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 more18th 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 more8th 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
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