FTSE 250 movers: Tullet Prebon jumps on CEO speculation
3rd Jun 2014 14:23
London-based interdealer broker Tullett Prebon jumped on speculation it could soon announce a successor to long-running Chief Executive Officer Terry Smith. According to reports, Smith, a well-known financial executive in the City, is thought to be planning to work full time at Fundsmith, the asset
Read moreBerenberg upgrades Beazley to 'buy'
3rd Jun 2014 09:11
Broker Berenberg has begun advising its clients to 'buy' into Lloyd's of London insurer Beazley. Berenberg said it was raising Beazley to a 'buy' from 'hold' with a price target of 278p, up from 271p. The broker said Beazley had an impressive return-on-equity track record which had trumped that of
Read moreTuesday broker round-up UPDATE
3rd Jun 2014 08:31
Anglo American: Goldman Sachs reduces target price from 1240p to 1180p and keeps its sell recommendation. Balfour Beatty: UBS shifts target price from 225p to 230p maintaining its neutral rating. Barr (AG): N+1 Singer moves target price from 667p to 678p retaining its hold recommendation. Beazley
Read moreWife of Beazley CEO sells 200,000 shares
15th May 2014 15:57
The wife of David Horton, the Chief Executive Officer of Beazley, has sold 200,000 shares in the global specialist risk insurance and reinsurance business, thereby reducing his interest to 1.58m shares. Sophie Horton sold the shares at 244.50p a piece, giving the deal a trade value of £489,000.
Read moreWednesday broker round-up UPDATE
7th May 2014 08:35
Balfour Beatty: Jefferies reduces target price from 403p to 233p downgrading to hold. Deutsche Bank cuts target price from 280p to 250p and leaves its hold recommendation unchanged. Numis reduces target price to 260p and retains an add rating. Barclays: Deutsche Bank lowers target price from 320p t
Read moreBeazley Finance Director sells shares post-vesting
29th Apr 2014 16:16
Beazley's Group Finance Director, Martin Bride, on Tuesday sold all 37,500 shares that vested under the specialist insurance company's April 2009 plan. Bride, who joined the group that year, sold the shares at 243.75p each, generating £91,406. The company delivered an impressive performance in 20
Read moreTuesday broker round-up UPDATE
22nd Apr 2014 07:39
ARM Holdings: Goldman Sachs cuts target price from 1500p to 1450p and keeps a buy recommendation. Ashtead Group: Investec increases target price from 800p to 1100p and keeps a buy recommendation. Babcock International: Investec cuts target price from 1385p to 1377p, while upgrading to buy. Beazle
Read moreWednesday broker round-up UPDATE
2nd Apr 2014 08:48
Aberdeen Asset Management: Canaccord Genuity reduces target price from 540p to 460p, while its buy recommendation is kept. Anglo American: JP Morgan ups target price from 1260p to 1300p, while leaving its underweight rating unchanged. Aviva: JP Morgan raises target price from 528p to 570p maintain
Read moreBeazley divisional head lowers interest
21st Mar 2014 15:40
Clive Washbourn, the Executive Director of the Marine business at Beazley, sold 164,235 shares in the global specialist risk insurance and reinsurance group. Washbourn traded in the shares at 262.9p each. The purchase comes after the company last month expressed confidence in its outlook after r
Read moreFTSE 250 movers: Intl Personal Finance rises on profit jump
26th Feb 2014 13:56
International Personal Finances shares jumped in today's session after its profit came in slightly ahead of expectations. Profit before tax leapt 24 per cent, prompting a 20 per cent increase to the dividend. Despite this, Panmure Analyst, Keith Baird, said: "Regulatory threats remain the chief risk
Read moreShire CFO sells shares ahead of departure
17th Feb 2014 15:58
Shire's soon-to-depart Chief Financial Officer, Graham Hetherington, sold 2.29m pounds-worth of shares in the pharmaceutical giant. Hetherington, who on Friday annonced his intention to step down at the beginning of March to spend more time with his family, exercised a stock appreciation right awa
Read moreSunday share tips: Intecontinental Hotels, Rio Tinto, Pendragon
16th Feb 2014 18:09
Holders of shares in Intercontinental Hotels Group may want to extend their stay, the Sunday Times's Danny Fortson says. In his Inside the City column, Fortson said the owner of Holiday Inn and Crowne Plaza has returned more than $9bn to shareholders since it was de-merged from Bass in 1993. Another
Read moreFTSE 250 movers: Miners provide a lift, retailers fall
7th Feb 2014 13:55
Mining stocks were among the best performers on the FTSE 250 on Friday as metal prices more or less rose across the board. Kenmare Resources, Vedanta Resources and EVRAZ were putting in decent gains. Copper prices, in particular, were up 0.5% at $3,245 a pound, heading for the biggest weekly gain (
Read moreFriday broker round-up UPDATE
7th Feb 2014 09:30
Acal: N+1 Singer initiates with a target price of 380p and a buy recommendation. AstraZeneca: Societe Generale ups target price from 3030p to 3126p, but still recommends selling. Barratt Developments: Deutsche Bank raises target price from 394p to 480p keeping a buy recommendation. Beazley: Canac
Read moreBroker snap: Beazley results please Cannacord
6th Feb 2014 17:06
Cannacord was quick to reiterate 'buy' for Beazley with a 265p target after the insurer posted strong full year results and hiked its special dividend by a much better-than-expected 92% to 16.1p its 2012 year. Cannacord analyst Ben Cohen notes that the market had only been expecting a 9p special
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