Chesnara 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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