Canaccord reiterates 'buy' on Beazley, raises target price
25th Jul 2016 09:55
(ShareCast News) - Canaccord Genuity reiterated a 'buy' rating for Beazley and raised its target price to 450p from 415p after the insurer reported its half year results. The Lloyd's of London insurer last Friday reported a drop in first half pre-tax profit to $150.2m from $154.5m the same period a
Read moreBeazley posts drop in first-half profit
22nd Jul 2016 07:39
(ShareCast News) - Lloyd's of London insurer Beazley posted a drop in first-half pre-tax profit as premium rates declined, although the figure was still better than expected, and the company said Brexit was unlikely to have a material impact. For the period ended 30 June, pre-tax profit fell to $150
Read moreTuesday broker round-up
14th Jun 2016 12:02
(ShareCast News) - Henderson Group: Exane BNP Paribas downgrades to neutral with a target price of 240p. Crest Nicholson: Deutsche Bank keeps at hold with a 542p target. Beazley: UBS stays at neutral with a target price of 376p. Inmarsat: Jefferies keeps at buy with a target of 1245p. Berkeley Gr
Read moreDirector dealings: Xaar CEO makes small show of support
9th May 2016 14:43
(ShareCast News) - Xaar chief executive Doug Edwards has increased his stake in the printer inkhead technology group fresh from setting out his long-term strategy and receiving some ringing endorsements from analysts. Edwards, the former Kodak executive who took the helm in January last year from l
Read moreFriday broker round-up
6th May 2016 14:34
(ShareCast News) - Man Group: Citigroup downgrades to sell with a 120p target. Royal Mail: Jefferies reiterates underperform with a 400p target. Easyjet: JP Morgan keeps at overweight with a 1900p target. IMI: Societe Generale reiterates hold with a target of 920p and JP Morgan stays at neutral wi
Read moreUnderwriting gives Beazley a first quarter lift
5th May 2016 09:31
(ShareCast News) - FTSE 250 insurer Beazley said first quarter premiums rose 7% to $583m boosted by the expansion of its underwriting teams. The company said the underwriting efforts included a London-based small business team focused on healthcare professional liability. Specialty lines, Beazley's
Read moreFTSE 250 movers: Serco results boost index
25th Feb 2016 14:58
(ShareCast News) - The FTSE 250 surged on Thursday, up 277.90 points (1.72%) to 16,395.40 by mid-afternoon. Serco Group topped the risers after it reported a significantly narrower pre-tax loss for 2015. For the year ended 31 December, the loss narrowed to £69.4m from £990.5m the previous year. Th
Read moreBeazley stumbles on proposed move to UK shores
25th Feb 2016 08:51
(ShareCast News) - Beazley shares fell on the news that the board was recommending re-locating the management of the group to the UK from Ireland. The FTSE 250 insurer and Lloyd's of London underwriter, which is incorporated in Jersey with its tax residence in Ireland, said it believed legislative c
Read moreThursday broker round-up
4th Feb 2016 16:07
(ShareCast News) - Coca-Cola HBC: Barclays downgrades to underweight with a target of 1325p. TalkTalk: Goldman Sachs downgrades to neutral with a target of 271p. Paragon Group: JP Morgan downgrades to neutral and sets a 380p target. Antofagasta: Investec reiterates sell with a target of 305p. Ang
Read moreBroker tips: Barclays, Lloyds, RBS, Beazley
4th Feb 2016 15:46
(ShareCast News) - The exposure of UK banks to China and oil should not be a material concern and the prospects for dividends have improved but the likelihood of later rate hikes in the UK means their shares are now worth less, HSBC analysts said. To back-up their claim as regards China and crude oi
Read moreBeazley 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
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