Chesnara 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
Read moreSunday tips round-up: Smith & Nephew, Chesnara, Coal of Africa
4th Oct 2009 11:31
Among US health care proposals under consideration is a possible $4bn (£2.5bn) annual tax on companies that produce medical products. This could dock around 11% off earnings at Smith & Nephew, which makes artificial hips and knees and does some 45% of its business in the US. The case for buying Smi
Read moreSmall caps round-up: Circle Oil, Churchill China, Paragon...
19th May 2009 09:43
Circle Oil has confirmed a discovery at its Geyad-1X exploration well in the onshore North West Gemsa concession, Egypt. The well tested at a sustained average combined rate from two pay zones of 2,809 barrels of oil per day (bopd) and 3.04 millions standard cubic feet per day (MMscfd). Ceramic ta
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