L&G sells Dutch arm to Chesnara for €160m
24th Nov 2016 07:31
(ShareCast News) - Legal & General has agreed to sell its Netherlands business to London-listed pensions firm Chesnara for €160m (£135.6m), the latest disposal from the insurer as it looks to consolidate its overseas operations. The sale of the Dutch arm is expected to improve the FTSE 100 company's
Read moreChesnara's H1 pre-tax profit slips, dividend lifted
31st Aug 2016 11:59
(ShareCast News) - Insurance-focused takeover specialist Chesnara has booked a first-half pre-tax profit of £0.24m, from a year-earlier surplus of £30.4m, stating its strategy continued to deliver dividend-supporting cash. "Despite the initial short term impact of the further reduction in yield curv
Read moreChesnara ups dividend as profits rise
28th Aug 2015 11:26
(ShareCast News) - Pension management firm Chesnara upped its interim dividend as first half profits rose from £30.4m to £27.4m. The company's profit figures were by boosted by a gains of £16.2m for the €69.9m acquisition of Dutch firm Waard group, which was completed in May. Chesnara recommended a
Read moreChesnara replaces CEO and buys Dutch insurer
3rd Dec 2014 08:27
Insurer Chesnara said it was replacing its chief executive as it announced plans to buy a Dutch rival and to raise about £35m in a placing. Chesnara said experienced insurance industry executive John Deane would replace Graham Kettleborough, who will stay in his role until at least the end of this m
Read moreFriday broker round-up UPDATE
29th Aug 2014 10:58
Arrow Global: Numis shifts target price from 285p to 287p and leaves its add rating unchanged. Berendsen: Oriel raises target price from 1130p to 1243p keeping a buy recommendation. British Polythene Industries: Investec ups target price from 720p to 750p reiterating a buy recommendation. bwin.pa
Read moreFriday broker round-up UPDATE
28th Mar 2014 12:35
888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation. Aberdeen Asset Management: JP Morgan cuts target price from 529p to 509p and stays with its overweight rating. Advanced Medical Solutions: Investec shifts target price from 121p to 129p, while down
Read moreTuesday 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
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