London open: Weak start despite M&A burst
18th Oct 2010 08:58
London has made a cautious start to the day with miners weak though a burst of M&A has lifted the mood elsewhere. Mining giants BHP Billiton and Rio Tinto have confirmed that their proposed $116bn Pilbara iron ore joint venture is dead in the water. The companies had agreed in December of last ye
Read moreLondon pre-open: Heading south
18th Oct 2010 07:35
It's looking like a downbeat start to the week following Friday's losses on Wall Street and a far from certain performance in Asia. Investors - facing a 20-point drop for the FTSE 100 first thing - also have a crop of UK news to consider. Mining giants BHP Billiton and Rio Tinto have confirmed th
Read moreHardy rejects Beazley approach
18th Oct 2010 07:17
Specialist insurer and reinsurer Beazley has gone public with its bid approach for underwriter Hardy Underwriting after its private approach was rejected by the Hardy board. Beazley made an indicative cash offer of 300p per share to the Hardy board on 6 October but received a rejection letter on 11
Read moreBroker tips: ICAP, Ocado, Lloyd's insurers
1st Sep 2010 13:15
Inter-dealer broker ICAP is set to launch a new electronic platform for euro interest rate swaps (IRS) on 6 September, which suggests to ICAP fan Panmure Gordon that dealers are warming to the faceless alternative to telephonic transactions. "Significantly, the initiative has the liquidity support
Read moreBroker snap: Lloyd's syndicates watching 'hurricane Earl'
1st Sep 2010 11:49
Hurricane season is underway and a 120 miles per hour category four hurricane, 'hurricane Earl', could hit land in North America later this year. For once, it looks as if the Gulf of Mexico will not be affected but a number of Lloyd's syndicates will be monitoring its progress for fear it will hit t
Read moreUK SMALLCAP ROUNDUP: Sirius Exploration's FY10 Loss Widens
23rd Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SIRIUS EXPLORATION PLC (SXX.LN), a mining and exploration holding company focused on potash and salt deposits in North America and Australia, Friday post
Read moreUK SMALLCAP ROUNDUP: HMV Refinances GBP240M Facility
23rd Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps HMV GROUP PLC (HMV.LN), a U.K. entertainment retailer, said Friday it has completed the refinancing of its GBP240 million revolving credit facility with
Read moreUK SMALLCAP ROUNDUP: Salamander Energy: Vietnam Well Dry
23rd Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SALAMANDER ENERGY PLC (SMDR.LN), an oil and gas firm, Friday said it didn't find any oil at an exploration well offshore Vietnam, marking another setback
Read moreINTERVIEW: Beazley Still Cautious On Recession-Related Claims
23rd Jul 2010 08:18
By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Specialist Lloyd's of London insurer Beazley PLC (BEZ.LN) is keeping a cautious outlook on recession-related claims on professional indemnity cover, Chief Executive Andrew Horton said Friday, despite recent falls in claims levels
Read moreFX gain aids Beazley profit surge
23rd Jul 2010 08:06
Specialist insurer and reinsurer Beazley delivered a big rise in profits during the first half despite intense competition and a series of catastrophe losses. Profit for the six months ended 30 June jumped to $115.5m from $30.1m a year earlier, partly thanks to an exceptional foreign exchange gain
Read moreMARKET TALK: Beazley Results Strong, Beating Expectations
23rd Jul 2010 07:52
0652 GMT [Dow Jones] Beazley's (BEZ.LN) interim results are strong says KBC Peel Hunt with EPS of $0.18 well ahead of the brokerage's and consensus expectations. Says total pretax profit of $115.5M is boosted by an excellent reserving performance. Says the group's Chilean and Deepwater Horizon losse
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jul 2010 07:52
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0652 GMT [Dow Jones] Beazley's (BEZ.LN) interim results are strong says KBC Peel Hunt with EPS of $0.18 well ahead of the bro
Read moreBeazley 1H Pretax Profit Soars To $115.5M, Raises Dividend
23rd Jul 2010 07:25
LONDON (Dow Jones)--Specialist Lloyd's of London insurer Beazley PLC (BEZ.LN) Friday posted a significant rise in first-half pretax profit, boosted by a $33.7 million foreign exchange gain, but said the "intense competition" in many lines of insurance is likely to continue to hit rates. Chief Ex
Read moreMellon adds to Speymill Deutsche stake
22nd Jun 2010 17:03
Speymill Deutsche Immobilien Property Company non-executive director Jim Mellon has been buying shares in the AIM-quoted property investment company just after it has agreed to take over the management of its own property portfolio. Mellon bought 5m shares at €0.05772 a share and 2m shares at €0.06
Read moreUPDATE: Brit Insurance Shares Leap After Apollo Takeover Bid
11th Jun 2010 14:17
(Adds bid details, Apollo comment.) By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares of U.K. insurer and reinsurer Brit Insurance Holdings NV (BRE.LN) rocketed on Friday after the company said late Thursday it had rejected a takeover offer from a private equity group
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