Pre-tax profit soars 300 per cent at specialist insurer Beazley
7th Feb 2013 07:37
FTSE 250-listed specialist insurance provider Beazley has reported a 300.6 per cent rise in pre-tax profit for the year ending December 31st, according to an interim management statement issued by the company on Thursday. The company, which insures athletes, crews of ships and aircraft, reported th
Read moreMonday broker round-up UPDATE
4th Feb 2013 07:17
Antofagasta: Nomura lowers target price from 1400p to 1250p and keeps a neutral rating. Aviva Group: Barclays cuts target price from 317p to 302p leaving its underweight rating unaltered. Beazley: Berenberg starts with a target price of 217p and a buy recommendation. Big Yellow Group: UBS reduces
Read moreLondon close: FTSE 100 finishes strongly on 'fiscal cliff' optimism
18th Dec 2012 16:55
- US budget negotiations lift hopes - G4S up on renewed confidence - FTSE 250 at all-time high UK markets finished with strong gains on Tuesday afternoon as 'fiscal cliff' hopes spurred investors' appetites for riskier assets, such as mining stocks. The second-tier FTSE 250 index was trading at a
Read moreFTSE 250 movers: New World Resources jumps on coal demand hopes
18th Dec 2012 14:58
Central Europe-focused hard coal and coke producer New World Resources surged on Tuesday afternoon after the International Energy Agency (IEA) said that coal will come close to surpassing oil as the world's top energy source by 2017. According to the IEA's Medium-Term Coal Market Report, the world
Read moreLondon close: Footsie slips into the red by the close
14th Dec 2012 16:28
After a decent start after some upbeat Chinese data, the Footsie was pressured into the red by the close of trade on Friday following a weak open on Wall Street. Nevertheless, losses in London were only modest, with the blue-chip index remaining close to the nine-month high reached earlier this week
Read moreFTSE 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
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