JP Morgan takes out insurance as political risk hits 20-year high
2nd Feb 2017 13:07
(ShareCast News) - JP Morgan strategists took out insurance against a possible retreat in stocks amid what it described as the highest level of political risk in 20 years given the US administration's focus on global trade instead of fiscal stimulus. "It takes a day to destroy but decades to build..
Read moreTuesday broker round-up
24th Jan 2017 16:16
(ShareCast News) - SSE: Macquarie reiterates outperform with a target price of 1735p. Easyjet: Numis reiterates hold, 1050p target. William Hill: UBS downgrades to sell with a 240p target. Standard Life: UBS downgrades to sell with a 310p target. Beazley: JP Morgan reiterates overweight with a 46
Read moreBeazley nine-month gross premiums written up 2%
10th Nov 2016 08:54
(ShareCast News) - Lloyd's of London insurer Beazley posted a 2% rise in gross premiums written in the first nine months of the year, mainly on the back of strength in its specialty lines division. Premiums rose to $1.67bn from $1.64bn in the same period a year ago. Gross premiums written in the spe
Read moreFTSE 250 movers: JLT and Tullett jag lower, Evraz rides steel spike
8th Nov 2016 12:11
(ShareCast News) - The FTSE 250 was led moderately lower on Tuesday as most markets moved skittishly sideways ahead of a US election that is seen as having potentially widespread implications for the global economy. The expected boost to volatility from global markets was behind a rise of interde
Read moreBroker tips: William Hill, Beazley, G4S
25th Jul 2016 12:24
(ShareCast News) - While William Hill shares have been whipped higher by Rank and 888's preliminary takeover approach, Berenberg believes the bid will be unsuccessful and maintained its 'sell' rating on the bookmaker. Over the weekend, £800m-valued online specialist 888 Holdings and £900m land-based
Read moreCanaccord reiterates 'buy' on Beazley, raises target price
25th Jul 2016 09:55
(ShareCast News) - Canaccord Genuity reiterated a 'buy' rating for Beazley and raised its target price to 450p from 415p after the insurer reported its half year results. The Lloyd's of London insurer last Friday reported a drop in first half pre-tax profit to $150.2m from $154.5m the same period a
Read moreBeazley posts drop in first-half profit
22nd Jul 2016 07:39
(ShareCast News) - Lloyd's of London insurer Beazley posted a drop in first-half pre-tax profit as premium rates declined, although the figure was still better than expected, and the company said Brexit was unlikely to have a material impact. For the period ended 30 June, pre-tax profit fell to $150
Read moreTuesday broker round-up
14th Jun 2016 12:02
(ShareCast News) - Henderson Group: Exane BNP Paribas downgrades to neutral with a target price of 240p. Crest Nicholson: Deutsche Bank keeps at hold with a 542p target. Beazley: UBS stays at neutral with a target price of 376p. Inmarsat: Jefferies keeps at buy with a target of 1245p. Berkeley Gr
Read moreDirector dealings: Xaar CEO makes small show of support
9th May 2016 14:43
(ShareCast News) - Xaar chief executive Doug Edwards has increased his stake in the printer inkhead technology group fresh from setting out his long-term strategy and receiving some ringing endorsements from analysts. Edwards, the former Kodak executive who took the helm in January last year from l
Read moreFriday broker round-up
6th May 2016 14:34
(ShareCast News) - Man Group: Citigroup downgrades to sell with a 120p target. Royal Mail: Jefferies reiterates underperform with a 400p target. Easyjet: JP Morgan keeps at overweight with a 1900p target. IMI: Societe Generale reiterates hold with a target of 920p and JP Morgan stays at neutral wi
Read moreUnderwriting gives Beazley a first quarter lift
5th May 2016 09:31
(ShareCast News) - FTSE 250 insurer Beazley said first quarter premiums rose 7% to $583m boosted by the expansion of its underwriting teams. The company said the underwriting efforts included a London-based small business team focused on healthcare professional liability. Specialty lines, Beazley's
Read moreFTSE 250 movers: Serco results boost index
25th Feb 2016 14:58
(ShareCast News) - The FTSE 250 surged on Thursday, up 277.90 points (1.72%) to 16,395.40 by mid-afternoon. Serco Group topped the risers after it reported a significantly narrower pre-tax loss for 2015. For the year ended 31 December, the loss narrowed to £69.4m from £990.5m the previous year. Th
Read moreBeazley stumbles on proposed move to UK shores
25th Feb 2016 08:51
(ShareCast News) - Beazley shares fell on the news that the board was recommending re-locating the management of the group to the UK from Ireland. The FTSE 250 insurer and Lloyd's of London underwriter, which is incorporated in Jersey with its tax residence in Ireland, said it believed legislative c
Read moreThursday broker round-up
4th Feb 2016 16:07
(ShareCast News) - Coca-Cola HBC: Barclays downgrades to underweight with a target of 1325p. TalkTalk: Goldman Sachs downgrades to neutral with a target of 271p. Paragon Group: JP Morgan downgrades to neutral and sets a 380p target. Antofagasta: Investec reiterates sell with a target of 305p. Ang
Read moreBroker tips: Barclays, Lloyds, RBS, Beazley
4th Feb 2016 15:46
(ShareCast News) - The exposure of UK banks to China and oil should not be a material concern and the prospects for dividends have improved but the likelihood of later rate hikes in the UK means their shares are now worth less, HSBC analysts said. To back-up their claim as regards China and crude oi
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