FTSE 250 movers: Centamin rebounds on fuel supply news
14th Dec 2012 16:08
Gold miner Centamin rebounded strongly after saying that the fuel supply to its Sukari mine in Egypt has resumed, after the Egyptian General Petroleum Corporation went back on yesterday's decision to hit the gold miner with a retrospective payment claim. However, issues with delayed gold exports s
Read moreLondon midday: Gains erased as resource stocks shrug off Chinese data
14th Dec 2012 11:54
After a positive start, London's benchmark FTSE 100 index slipped into the red by midday, as investors shrugged off some better-than-expected data from Asian powerhouse China. The HSBC China flash manufacturing purchasing managers' index (PMI) rose from 50.5 to 50.9 in December, slightly above the
Read moreMonday broker round-up UPDATE
26th Nov 2012 07:18
Aberdeen Asset Management: Peel Hunt downgrades to hold, target price rises to 365p from 350p. Associated British Food: Investec raises target price from 1300p to 1400p, hold recommendation maintained. Barclays: JP Morgan raises target price from 250p to 320p and upgrades to overweight. Beazley:
Read moreBeazley uncertain of Sandy impact
9th Nov 2012 08:58
Specialist insurer Beazley said it was not yet possible to quantify the impact Hurricane Sandy would have on business. The firm said its current focus was on ensuring it supported customers affected by the 'superstorm' that hit the United States. It noted that in all other areas the claims enviro
Read moreSector movers: Insurers battered by arrival of Hurricane Sandy
29th Oct 2012 15:51
With Hurricane Sandy hitting the shores on the east coast of America on Monday, the insurance sector was unsurprisingly the worst performing category of the day in London, with the latest estimates of the storm's damage being in the tens of billions of dollars. Sandy, dubbed as 'Frankenstorm', is e
Read moreBeazley director sells shares as company plans debt buy back
17th Oct 2012 16:27
Adrian Cox, an Executive Director at Beazley, the FTSE 250 specialist insurer, traded in a handful of shares in the company on August 8th, it was announced today. Cox, 39, who joined the board in December 2010 and heads up the specialty lines division, sold 13,071 shares at 165.20p each, reducing
Read moreBeazley to buy back debt
17th Oct 2012 10:30
Specialist insurer Beazley is to buy back some of its fixed/floating rate notes due 2026 by means of a modified Dutch auction. Holders of the notes are invited to name their price for the notes they hold. There are £150m worth of notes in issue, and Beazley intends to buy back up to £25m of them.
Read moreKingfisher CEO ditches exercised options
25th Sep 2012 16:26
Kingfisher's Chief Executive Officer, Ian Cheshire, has exercised options over 164,144 shares and subsequently sold 143,040 of them less than a fortnight after the B&Q owner admitted that miserable weather in the UK and northern Europe had a serious impact on footfall in the first half of its financ
Read moreMonday broker round-up
23rd Jul 2012 09:31
Abcam: Numis downgrades to add. Aberdeen Asset Management: Peel Hunt upgrades to buy. Barclays: Nomura keeps reduce rating and 210p target. Beazley: Nomura ups target from 147p to 165p, neutral rating kept. Hammerson: Jefferies maintains buy rating and 487p target. Home Retail: Numis upgrades t
Read moreLondon close: Time to cut the Gordian knot?
20th Jul 2012 17:07
- Spanish bond yields soar - Sicily´s non-collected receivables rise to EUR 15.7bn - Valencia asks Madrid for help - Resolution leads the Footsie lower Equity markets across Europe tanked on Friday afternoon, presumably on the back of concerns over Spain's financial health, with capital markets in
Read moreFTSE 250 movers: Beazley back in the black
20th Jul 2012 15:54
Non-life insurer Beazley soared into the black in the first half of 2012, delivering a return on equity of 18 per cent and a combined ratio of 91 per cent. During the six months the firm generated a profit of $112.9m, compared to a loss of $24.2m the previous year, while gross written premiums ros
Read moreBeazley returns to the black but investors still unimpressed
20th Jul 2012 08:51
Non-life insurer Beazley soared into the black in the first half of 2012, delivering a return on equity of 18 per cent and a combined ratio of 91 per cent. During the six months the firm generated a profit of $112.9m, compared to a loss of $24.2m the previous year, while gross written premiums ros
Read moreFriday preview: Italy set to drag down Vodafone
19th Jul 2012 16:54
Friday's big corporate announcement is from Vodafone, which will give an update covering the first quarter of its financial year. Broker Nomura is expecting organic growth of 0.7%, down from year-on-year growth of 2.3% in the preceding quarter. Stripping out the impact of an additional day in the r
Read moreTuesday broker round-up
17th Jul 2012 08:15
ARM: Citigroup cuts target from 730p to 600p, buy recommendation maintained. AstraZeneca: Bernstein reduces target from 3,037p to 3,002p, market perform rating kept. Beazley: JP Morgan Cazenove raises target from 147p to 155p, neutral rating kept. Bodycote: JP Morgan Cazenove cuts target from 437
Read moreSainsbury CFO keeps the faith as shares slide
13th Jun 2012 15:41
Sainsbury's Chief Financial Officer John Rogers bought £50,000-worth of shares in the firm on the same day the company unveiled a disappointing period of trading. Like-for-like (LFL) sales in the 12 weeks to June 9th were up 1.4% on the corresponding period of last year, below market expectations
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