Aviva, St.James's and Standard Life set to outperform, JP Morgan says
23rd Oct 2015 14:54
(ShareCast News) - The upcoming implementation of the Solvency II capital regime will lift a significant source of uncertainty which has been hanging over UK and European life insurers, JP Morgan said in a research note sent to clients. The new measures will likely see Aviva, St.James Place and Stan
Read moreTuesday broker round-up
13th Oct 2015 09:49
(ShareCast News) - Ladbrokes: Citigroup upgrades to neutral, raises target price to 110.00p. Jupiter Fund Management: RBC Capital Markets upgrades to outperform, bumps up target price to 475.00p. Jefferies reiterates to buy, lifts target price to 493.00p. Glaxosmithkline: JP Morgan Cazenove upgrade
Read moreLondon close: Stocks buoyed by Glencore and Sainsbury's
30th Sep 2015 16:14
(ShareCast News) - The FTSE rose on Wednesday as a batch of negative economic data was offset by gains in supermarket stocks and a rebound in Glencore. Glencore dominated the FTSE 100 after saying it has taken proactive steps to position the mining company to withstand current market conditions incl
Read moreBroker tips: HSBC, Shire, Aviva
30th Sep 2015 15:06
(ShareCast News) - UBS upgraded HSBC to 'buy' from 'neutral' saying the risk/reward on the shares has shifted to the upside. It noted that since 11 August when the PBoC unexpectedly weakened the renminbi, HSBC's share price has dropped 15-20%, equivalent to a decline of around $30bn in market cap.
Read moreLondon midday: Stocks gain despite downward revision of UK GDP
30th Sep 2015 11:09
(ShareCast News) - London stocks gained as investors shrugged off a downward revision to second quarter UK gross domestic product and a report showing the Eurozone entered deflation in September. UK GDP was unexpectedly revised lower to 2.4% year-on-year from the previous estimate of 2.6%, according
Read moreAviva gets a boost from Charles Stanley upgrade
30th Sep 2015 09:32
(ShareCast News) - Aviva got a boost on Wednesday as Charles Stanley upgraded the stock to 'accumulate' from 'hold'. "While we have doubts over the group's long term strategic positioning, the stock appears too cheap to ignore at current levels, trading on under 8x FY17 operating EPS and offering a
Read moreFTSE 100 movers: SABMiller cheers market
16th Sep 2015 13:53
(ShareCast News) - The FTSE 100 was up 1.2% with the index of leading shares up 75.8 points to 6,212. The main riser was SABMiller, which surged 21% on after it responded to recent press speculation by confirming that Anheuser-Busch InBev has informed the company that it intends to make an offer. R
Read moreFTSE 100 movers: Financials lead risers as blue chips end losing streak
25th Aug 2015 15:18
(ShareCast News) - The FTSE 100 bounced back on Tuesday, recouping some of Monday's China-triggered losses, for what looked like being the first positive session in 11 trading days. An hour before the close London's blue chips were up 136.80 points, or 2.32%, to 6,035.67, led by companies lifted pur
Read moreAviva lifts dividend 15% as Friends Life integration 'ahead of schedule'
6th Aug 2015 08:01
(ShareCast News) - Aviva posted solid half-year operating profits growth and lifted its dividend 15% to indicate its confidence in the future as it raced to reap the benefits of its 10 April acquisition of rival Friends Life. Refinement rather than turnaround was the watchword in interim results tha
Read moreFriday broker round-up
10th Jul 2015 14:03
(ShareCast News) - Anglo American: Citi upgrades to neutral. Ashmore: Jefferies reiterates buy but shaves target price to 373.5p, Cannacord reiterates hold. Aviva: Barclays reiterates neutral stance and nudges target to 637p from 632p, Berenberg keeps at sell. BaE Systems: Berenberg upgrades to bu
Read moreFTSE 100 movers: Aviva tops risers, housing and property shares fall
8th Jul 2015 16:58
On the day of Chancellor George Osborne's summer Budget, the FTSE 100 was in the green thanks to political boosts for several key sectors and optimistic buying of commodities companies. Aviva was the highest riser just before close on Wednesday, after the Budget saw the chancellor reduce the tax adv
Read moreGoldman Sachs expects rethink on bank levy in UK Budget
7th Jul 2015 12:43
Ahead of Chancellor George Osborne's Budget on Wednesday, here's a round-up of what Goldman Sachs expects. For UK banks, attention will be focused on any potential reform of the bank levy, as Osborne did not discuss it in his Mansion House speech in June, despite prior speculation. Goldman does not
Read moreAviva appoints former head of Spanish Treasury as non-exec director
29th Jun 2015 12:25
Belén Romana García has been appointed as Aviva's independent non-executive director, the insurance group confirmed on Monday. Garcia, the former head of the Spanish Treasury, joined the FTSE 100 group on 26 June, the company said in a short statement. "Belén's experience as both an executive and a
Read moreCiti sees 40% return on European equities to end-2016
1st Jun 2015 10:50
European shares are set to 'deliver' as economic recovery in the euro area gains traction and given that valuations are not currently expensive, contrary to what some observers say, a leading broker argued on Monday. In a research note entitled "El Toro - the European bull" analysts at Citi highligh
Read moreFTSE 100 movers: Fresnillo surges on strong output guidance, financials lower
18th May 2015 12:34
UK stocks erased early gains as Greek concerns and a lack of economic data stoked investor uncertainty. Sector-wise, financials delivered the biggest drag, while energy stocks and miners provided a welcome boost. As of 13:30, the FTSE 100 was trading flat, just 1 point higher at 6,961 points. Fresn
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