Beazley a 'hold' after full year results
4th Feb 2016 09:32
(ShareCast News) - Insurance group Beazley was rated at 'hold' by Peel Hunt on Thursday after the company reported its full-year results. Peel Hunt said the pre-tax profit of £284, up 8% year-on-year, was slightly below its estimates of $289m but ahead of the company's expectations of $278m. Total
Read moreBeazley Group posts growth in profit, premiums
4th Feb 2016 08:34
(ShareCast News) - Specialist insurer Beazley was looking at good growth in premiums and profits in 2015, revealing its final numbers for the year ended 31 December on Thursday. The FTSE 250 company saw profit before tax rise 8% during the year to $284m (£194.3m), from $261.9m a year earlier. That
Read moreBeazley gross written premiums up 6%
12th Nov 2015 09:55
(ShareCast News) - Beazley reported a 6% rise in gross written premiums in the first nine months of the year amid strength in its specialty lines. The Lloyd's of London insurer said gross written premiums came in at $1.64bn (£1.1bn) up from $1.55bn in the same period a year ago. Chief executive off
Read moreFTSE 250 movers: Amlin surges on Sumitomo deal, Home Retail drops on downgrade
8th Sep 2015 14:31
(ShareCast News) - London's mid-cap index was up 1.2% to 17,037.67 on Tuesday, tracking broader gains in the market as investors took comfort from a better-than-expected report on Chinese exports. Shares in Amlin surged after Japan's Mitsui Sumitomo Insurance Company said it has agreed to buy the UK
Read moreFriday broker round-up
24th Jul 2015 16:19
(ShareCast News) - Aberdeen Asset Management: JP Morgan Cazenove reiterates neutral stance and trims target to 415p from 435p. SocGen stays at hold but lowers target to 410p from 485p. Jefferies keeps at hold with 405p target, down from 460p. Aggreko: Investec keeps at sell. AG Barr: Investec reite
Read moreFTSE 250 movers: Aggreko and Lonmin lead stocks lower
24th Jul 2015 15:41
(ShareCast News) - The FTSE 250 was in the red as investors digested disappointing trading updates from the likes of Aggreko and Lonmin. Aggreko was the top faller after the temporary power provider said its interim and full-year results are likely to miss market expectations due to ongoing security
Read moreBeazley shares lift on first-half pre-tax profits boost
24th Jul 2015 09:27
(ShareCast News) - Insurance company Beazley posted a 16.3% jump in first half net profit, driving its share price up. Shares in the FTSE 250 stock were up 2.18% to 327.50p after the company said pre-tax 30 June was $154.5m, up from $132.9m, surpassing market expectations. Beazley said growth was d
Read moreUBS starts Beazley at 'neutral', cuts Amlin to 'sell'
17th Jun 2015 13:09
UBS initiated coverage on Beazley with a 'neutral' rating and 310p target price and downgraded Amlin to 'sell' from 'neutral', cutting its price target to 440p from 460p. The Swiss broker noted that Beazley has established itself as one of the premium stocks in the sector in recent years, with a str
Read moreFTSE 250 movers: Synergy Health plunges on Steris takeover speculation, energy stocks lower
27th May 2015 12:34
UK stocks rebounded from the previous session's sell-off as gains made by tobacco, electronics and utilities outweighed weakness in mining and industrial metals. As of 14:00, the FTSE 250 was trading points 101.1 points higher at 18,200. Synergy Health topped the fallers, plummeting almost 17% on r
Read moreLondon midday: Imperial and CRH lead the rebound before Queen's Speech
27th May 2015 11:39
Investors managed to take advantage of a quiet morning to push UK stocks higher on Wednesday following a sell-off the previous day. The FTSE 100 was up 0.57% at 6,988.37 by midday, with blue chips Imperial Tobacco and CRH leading the rise, along with a host of other construction and building materia
Read moreBroker tips: IAG, Weir, De La Rue, Taylor Wimpey, Insurers
27th May 2015 11:33
Credit Suisse has maintained its 'outperform' rating for airline conglomerate IAG after its proposed €1.4bn acquisition of Irish carrier Aer Lingus received the green light from the Irish government. The bank said that it continues to see the acquisition as "strategically positive" for IAG, whose st
Read moreLondon open: Stocks edge higher ahead of Queen's Speech, Imperial rises
27th May 2015 09:20
UK stocks rebounded slightly on Wednesday morning after a sharp sell-off the previous session, with investors awaiting the Queen's Speech on a quiet day in terms of economic and corporate news. The FTSE 100 was up 0.32% at 6,971.03 early on after dropping 1.18% on Tuesday to 6,948.99. Consumer conf
Read moreJPM upgrades Beazley and Hiscox to overweight
27th May 2015 08:08
JPMorgan Cazenove upgraded Beazley and Hiscox to 'overweight' from 'neutral' as it took a look at the Lloyd's insurers. "We believe the Lloyd's insurers will continue to re-rate, as in our view the compound benefit of their approach to capital is not yet being fully valued," said JPM. It said the s
Read moreWednesday broker round-up
27th May 2015 07:57
Beazley: JP Morgan upgrades to overweight from neutral and sets 308p target, up from 255p. Hiscox: JP Morgan upgrades to overweight from neutral and ups target to 950p from 801p. Lancashire Holdings: JP Morgan improves target price to 642p from 589p, stays at neutral. Dixons Carphone: Exane keeps
Read moreBeazley quarterly premiums up 6% but renewals fall
7th May 2015 08:34
London-listed insurer Beazley posted a 6% rise in premiums for the first quarter on Thursday, although premium rates on the renewal business fell by 1%. Gross premiums written rose to $546m from $516m in the same quarter last year. Chief executive officer Andrew Horton said: "We managed to offset t
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