Tuesday broker round-up UPDATE
12th Nov 2013 09:20
Accesso: Canaccord Genuity raises target price from 680p to 770p and keeps a buy recommendation. Andor Technology: FinnCap places both its target price (prev.: 390p) and its hold recommendation under review. Babcock International: Jefferies increases target price from 1250p to 1600p retaining a bu
Read moreTuesday broker round-up UPDATE
8th Oct 2013 11:39
Aviva: Alphavalue shifts target price from 366.70p to 366.20p downgrading from reduce to sell. Barclays: Credit Suisse reinitiates with a target price of 280p and a neutral recommendation. BHP Billiton: Alphavalue reduces target price from 1972.70p to 1732p downgrading from add to reduce. Chesnar
Read moreDirect Line offloads life business to Chesnara - UPDATE
8th Oct 2013 07:02
FTSE 250 insurer Direct Line has agreed to sell its life insurance arm to closed book specialist Chesnara and return the profit to shareholders. The pair have agreed a £62m fee for Direct Line Life Insurance (DLL), with Chesnara paying £39.3m cash that parent Direct Line said it expected to result
Read moreTuesday broker round-up UPDATE
21st May 2013 07:12
Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a
Read moreChesnara's results benefit from equity market growth
17th May 2013 15:14
Insurance company Chesnara said the global investment market performance had a positive influence on its results in the first quarter. Equity markets improved, with the leading UK and Swedish indices increasing by 8.7%. The company's European Embedded Value (EEV) has increased by £33.7m to £344.8
Read moreChesnara churns out cash but Sweden is a concern
31st Aug 2012 10:46
The legion of income investors with holdings in Chesnara will be pleased to see that the insurance company has once again upped its interim dividend, to 6.1p from 5.95p the year before. It may be unusual to highlight a dividend payment in a company's interim results, but when a stock yields more th
Read moreGlencore boss strikes again, LSE boss sells
12th Jun 2012 15:16
Glencore International's Chief Executive Officer Ivan Glasenberg bought himself another chunk of shares in the mining titan, his third in the past week, it was announced on Tuesday. Since earning a whopping $110m in the latest dividend payout at the start of this month, the director has paid out j
Read moreDiageo CEO offloads 90,000 shares
14th Feb 2012 16:15
Paul Walsh, the Chief Executive Officer (CEO) at Diageo, the FTSE 100 beverage giant, has sold off a bumper-load of shares in the firm. Walsh, who disposed of 90,000 shares at 1,500.00p each, made the transaction on February 13th, just a few days after the company reported an 8% rise in net sales
Read moreSector movers: Old Mutual boosts life insurers after Nordic sale
15th Dec 2011 15:01
Life insurance stocks were on the rise on Thursday afternoon, helped by FTSE 100 savings, investment and insurance group Old Mutual. Shares in Old Mutual roared higher on Thursday after announcing that it is to sell its Nordic business Skandia AB for £2.1bn in an effort to "reduce complexity" and p
Read moreChesnara happy to be an income stock
31st Aug 2011 12:07
A dividend hike at life assurance company Chesnara was not enough to stop shares sliding after first half profits fell dramatically. The firm proposed a 5.95p interim dividend per share, an increase of 2.6%, but this was overshadowed by pre-tax profits which fell to £3.8m from £12m the previous yea
Read moreS&P boosts Chesnara's NAV
31st Mar 2011 17:02
Life assurance company Chesnara says that the acquisition of Save & Prosper (S&P) has boosted its asset value. S&P was acquired on 20 December but it still made a significant profit contribution and boosted the balance sheet. Chesnara reported an IFRS pre-tax profit of £34.2m, including £15.9m fr
Read moreChesnara buys Save & Prosper
26th Nov 2010 17:07
Chesnara is buying pensions and life assurance products manager Save & Prosper from JPMorgan for £63.5m as part of its consolidation strategy for the European life and pensions sector. The purchase price is at a discount to embedded value of £93m (£184m at the end of June 2010 minus £91m extracted
Read moreEquity markets lift Chesnara
19th Nov 2010 08:09
Stronger equity markets boosted closed end life group Chesnara's over the last three months, with embedded assets climbing by 7.7% over this time last year to £278.5m. "The third quarter result has been significantly impacted by favourable experience in investment markets. Leading UK equity market
Read moreThursday tips round-up: Compass, Chesnara, Topps Tiles
1st Apr 2010 06:56
It is caterer Compass's push into running more than just canteens for its customers that could provide the next leg-up. It wants to handle other support services, too, such as cleaning, laundry and reception services, and with annual cash generation of £500 million and net debt of less that £1bn,
Read moreSmall caps round-up: Centaur Media, Charles Taylor, Chaucer...
19th Nov 2009 13:28
Publisher Centaur Media's revenues fell 28% year-on year in the four months to 31 October 2009, compared with a 32% reduction in the January to June 2009 period. The stabilisation of revenues has been more pronounced during September and October, with a relative improvement in advertising revenues
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