London close: Stocks lower as government borrowing tops forecasts
22nd Jan 2025 15:02
(Sharecast News) - London stocks closed lower on Wednesday as investors reacted to higher-than-expected government borrowing figures for December.
Read moreJPMorgan upgrades Aviva to 'overweight'
22nd Jan 2025 07:37
(Sharecast News) - JPMorgan Cazenove upgraded Aviva on Wednesday to 'overweight' from 'neutral' and lifted the price target to 615p from 555p as it assessed the valuation upside from the Direct Line acquisition.
Read moreLondon close: Stocks mixed in quiet pre-Christmas trading
23rd Dec 2024 16:57
(Sharecast News) - London's stock markets closed in mixed territory on Monday, after fresh official data revealed that the UK economy flatlined in the third quarter, fueling apprehensions about growth prospects.
Read moreAviva seals £3.75m deal to snare Direct Line
23rd Dec 2024 07:04
(Sharecast News) - Aviva said it had struck a deal to buy troubled insurance rival Direct Line for £3.75bn after intensive talks over the weekend but warned it would be looking for cost savings via job cuts.
Read moreSunday newspaper round-up: Panama Canal, Warhammer, Thames Water
22nd Dec 2024 16:51
(Sharecast News) - Donald Trump is asking that the Panama Canal be returned to the US unless Panama addresses his criticism of how the waterway is managed. In a post on social media platform Truth Social, Trump described the current arrangement as a complete 'rip-off' which will "immediately stop". He also warned against that the key interoceanic route would not be allowed to fall into the "wrong hands". He also appeared to caution against possible Chinese influence in the canal. - Guardian
Read moreAviva's Direct Line takeover faces 'material' execution risks, says Jefferies
11th Dec 2024 09:29
(Sharecast News) - Jefferies has reiterated its 'buy' stance on Aviva after the insurer's £3.6bn takeover pursuit of Direct Line was agreed by the latter's board, but said that the deal brings major execution risks.
Read moreSunday newspaper round-up: Al-Assad, Argentina, Aviva
8th Dec 2024 13:54
(Sharecast News) - Syrian President Bashar al-Assad's regime appeared to collapse on Sunday morning, after rebels entered the capital Damascus. Assad's whereabouts are not clear but Moscow or Tehran are possibilities. One source told Reuters that Assad's plane disappeared off the radar when it was headed towards the country's coastal region. It made an abrupt turn before vanishing from the map. The pilot may have turned off the transponder but it's more likely that it was shot down. - Sunday Times
Read moreLondon close: Stocks mixed as US payrolls beat expectations
6th Dec 2024 15:43
(Sharecast News) - London's stock markets closed on a mixed note on Friday, with investors reacting to a stronger-than-expected US non-farm payrolls report and corporate deal activity driving selective gains.
Read moreAviva set to grab Direct Line after lifting bid price
6th Dec 2024 07:05
(Sharecast News) - Shares in Direct Line spiked on Friday after the UK insurer said it was ready to accept an increased offer from rival Aviva of 275p a share, valuing the company at £3.6bn.
Read moreDeutsche Bank upgrades Admiral, Aviva to 'buy'
5th Dec 2024 07:53
(Sharecast News) - Admiral shot higher on Thursday as Deutsche Bank upgraded the stock to 'buy' from 'hold' and lifted the price target to 3,020p from 3,000p saying it was becoming more positive on the wider UK motor insurance space, particularly for those that are larger players such as Admiral, and those that are more disciplined.
Read moreLondon close: Stocks higher amid Korean political turmoil
3rd Dec 2024 16:30
(Sharecast News) - London's equity markets closed higher on Tuesday as upbeat sentiment in the retail and travel sectors buoyed investors, with the world's attention on sudden political instability in South Korea.
Read moreLondon close: Stocks rise with deal news in focus
28th Nov 2024 16:07
(Sharecast News) - London markets ended Thursday in positive territory, with deal activity providing a significant boost to specific sectors.
Read moreHigher Aviva offer might be forthcoming if Direct Line engages, says Jefferies
28th Nov 2024 09:50
(Sharecast News) - A higher takeover proposal from Aviva might be forthcoming, Jefferies said in a note on Thursday, as it commented on the insurer's £3.3bn takeover proposal for Direct Line.
Read moreDirect Line rejects 'highly opportunistic' takeover proposal from Aviva
27th Nov 2024 20:07
(Sharecast News) - Direct Line surged on Thursday after it rejected a £3.3bn takeover proposal from Aviva.
Read moreLondon close: Stocks still positive after US inflation reading
27th Nov 2024 15:06
(Sharecast News) - London markets posted modest gains on Wednesday, following a key US inflation reading that showed relative stability in price rises in October.
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