UBS upgrades Aviva to 'buy', raises target price
7th Sep 2016 09:46
(ShareCast News) - UBS upgraded Aviva to 'buy' from 'neutral' on Wednesday and raised its target price to 505p from 395p, saying the insurance firm is positioned to deliver a "sector leading" dividend. Aviva is likely to offer a risk-adjusted dividend as Solvency II (S2) legislation is set to drive
Read moreLondon close: Blue-chip miners, banks push FTSE higher as house builders fly
23rd Aug 2016 15:58
(ShareCast News) - London indices closed up thanks to heady gains among house builders after Persimmon posted robust first-half results, with miners, financials and supermarkets also on the up. While house builders dominated the top end of the blue-chip leaders' ladder, it was "miners and banks that
Read moreAviva property fund to be suspended for 6-8 months
10th Aug 2016 14:59
(ShareCast News) - Aviva has warned investors its property fund will remain suspended for at least six-to-eight months, after Brexit-induced concerns about property values led to a surge in redemptions. Aviva Investors issued a note to investors on Wednesday saying the long time frame reflected the
Read moreTuesday broker round-up
9th Aug 2016 12:42
(ShareCast News) - Aviva: Goldman Sachs reiterates buy with a target price of 480p. Antofagasta: RBC maintains sector perform with a 500p target. Informa: Numis reiterates buy with a 845p target. Astrazeneca: JP Morgan stays at neutral with a 4900p target. Topps Tiles: Berenberg reiterates hold w
Read moreDirectors dealings: Aviva chairman steps in and buys
5th Aug 2016 11:49
(ShareCast News) - Aviva chairman Sir Adrian Montague picked up shares in the life insurer which had been beaten down in 2016 on the back of worries about the impact that low interest rates will have on its profitability and the possible fall-out from Brexit. Montague bought 7,000 shares at 407p api
Read moreFriday broker round-up
5th Aug 2016 10:09
(ShareCast News) - Pets at Home: HSBC reiterates buy with a target price of 295p. BT: UBS maintains neutral with a 425p target. Aviva: Exane BNP Paribas reiterates underperform with a 400p target. Inmarsat: HSBC stays at hold with a 940p target. Cairn Energy: UBS upgrades to buy with a target pri
Read moreAviva written premiums and operating profits rise
4th Aug 2016 07:22
(ShareCast News) - Insurance giant Aviva posted its interim results for the six months to 30 June on Thursday, with operating profit rising 13% to £1.325bn and operating earnings per share improving 1% to 22.4p. The FTSE 100 firm's IFRS profit after tax was £201m, down from £545m in the first half o
Read moreThree more property funds titans freeze redemptions
6th Jul 2016 16:31
(ShareCast News) - Henderson Global Investors, Canada Life and Columbia Threadneedle have joined the queue of property funds suspending trading amid acute Brexit fears, lining up behind Aviva, M&G and Standard Life. "Over half of the property fund sector is now on ice, and will remain so until manag
Read moreTravel&leisure stocks and financials lead gains
1st Jul 2016 14:43
(ShareCast News) - Travel stocks led the way higher at the end of the week as the Footsie advanced towards its largest weekly gain since December 2011, with stock in TUI at the top of the leaderboard but with shares in InterContinental Hotels Group and Carnival close behind as they recovered from fa
Read moreWednesday newspaper share tips: Redrow, Legal&General, Aviva
29th Jun 2016 19:43
(ShareCast News) - Unless we are heading for some sort of huge housing crisis, shares of many homebuilders are still attractive, with stock in Redrow being a particular case in point, while several others were on guaranteed dividend yields, The Times´s Tempus wrote. Instead of shovelling large amoun
Read moreLife insurers, oil stocks boost indices
29th Jun 2016 18:40
(ShareCast News) - Life insurers jumped on Wednesday on the heels of positive broker comment and supportive remarks from some ex-officials regarding the fall-out, or not, for the sector as a result of Brexit. Prudential´s shares rallied after Barclays reiterated an 'overweight' rating and target pri
Read moreAviva expects no operational impact from Brexit
24th Jun 2016 09:40
(ShareCast News) - Aviva did not expect the vote to 'Leave' to have any significant operational impact on the company. The life insurer emphasised that its operations in the UK and its other subsidiaries in the European Union were well-capitalised and continued to trade as normal. Surplus capital s
Read moreFinancials, Fixed-line telecoms pace gains
20th Jun 2016 15:48
(ShareCast News) - Life insurers, Fixed line telecommunications, Banks and financial services paced jumped after a flurry of polls over the weekend pointed to renewed momentum for the 'Remain' camp. The news sent the Footsie to its largest one-day advance since February, with just three of the bench
Read moreCommercial insurers face more claims, slimmer margins from August - Fitch
14th Jun 2016 09:34
(ShareCast News) - Insurers are likely to face more more claims, more intense price competition and slimmer margins, Fitch Ratings said, due to changes to UK laws on disputing commercial insurance claims and timing of payments due to come into force in August and next year. Coming into force on 12 A
Read moreFinancials lead gains as interest rate curves steepen, pound pops higher
18th May 2016 19:36
(ShareCast News) - Financials led gains in London, over on the Continent and across the Pond too, as interest rate futures continued to progressively - albeit only modestly - price-in a higher probability of a US central bank rate hike in the very near-term, perhaps as soon as the next month. As of
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