London midday: Stocks near one-month low on China, Ukraine fears
12th Mar 2014 12:00
- Chinese concerns hammer copper prices - Ex-div stocks falls - Prudential gains, G4S slumps - Poundland, Pets at Home in focus techMARK 2,825.81 -0.90% FTSE 100 6,629.89 -0.83% FTSE 250 16,372.49 -0.66% Fears surrounding a slowdown in China and ongoing concerns about Ukraine weighed heavily on st
Read moreLondon open: Markets fall on China concerns, ex-div stocks weigh
12th Mar 2014 08:29
- Chinese concerns hammer copper prices - Ex-div stocks weigh on markets - Poundland, Pets at Home in focus - Prudential gains, G4S slumps techMARK 2,837.07 -0.51% FTSE 100 6,637.18 -0.72% FTSE 250 16,390.10 -0.55% UK stocks opened with heavy losses on Wednesday as ongoing concerns surrounding Chi
Read morePace Chief builds stake after impressive round of results
10th Mar 2014 15:58
Michael Pulli, the Chief Executive Officer of Pace, on Monday announced he had increased his interest in the subscription television, telephony and broadband services technology design group. FTSE 250-listed Pace said he maintained 182,098 shares awarded to him under the 2011 deferred share plan,
Read moreMonday broker round-up UPDATE
10th Mar 2014 08:43
African British Foods: UBS raises target price from 2890p to 3300p and keeps a buy recommendation. BBA Aviation: Citi ups target price from 335p to 385p and reiterates a buy recommendation. Capita Group: Liberum Capital increases target price from 880p to 1100p upgrading to hold. Centrica: Credit
Read moreDirectline appoints RSA's Mike Williams as Managing Director
4th Mar 2014 12:19
Insurance company Direct Line has appointed Mike Holliday-Williams as its new Managing Director of the UK Personal Lines division. He will help lead the firm in its plans to bring together its retail products, marketing and distribution in the UK into a single organisation. Williams replaces Tom W
Read moreThursday broker round-up UPDATE
27th Feb 2014 09:55
Balfour Beatty: Berenberg moves target price from 340p to 350p and stays with a buy recommendation. Bodycote: FinnCap places both its target price (prev.: 620p) and its hold recommendation under review. Investec raises target price from 770p to 810p and keeps a buy recommendation. Numis upgrades fr
Read moreRBS to sell remaining stake in Direct Line
26th Feb 2014 17:35
The Royal Bank of Scotland announced its intention to sell its remaining 28.2 per cent interest in Direct Line Insurance through a placing with institutional investors. The offering was to comprise 423.2m ordinary shares, with the price to be determined by means of an accelerated book-building proc
Read moreDirect Line lifts FY profit and dividends despite competition
26th Feb 2014 08:59
Newly floated car and house insurer Direct Line unveiled higher annual profits, hiked its dividend and pledged to target profit margins despite increased competition. Direct Line, which was spun out of Royal Bank of Scotland and floated in 2012, increased operating profit in the year to December 31
Read moreDirect Line wins approval for legal services
31st Jan 2014 10:55
Insurance group Direct Line has been granted authority to provide additional legal activities to the public. The Solicitors Regulation Authority agreed that DLG Legal Services, a Direct Line subsidiary, could offer certain legal services to the group's customers in partnership with Parabis Law LLP.
Read moreBroker snap: Numis lifts Admiral to 'buy' on improving growth outlook
22nd Jan 2014 09:14
Numis Securities has upgraded its rating for Admiral, saying that it sees further upside for car insurance stocks as confidence in earnings, dividends and growth improves. Recent data from Confused.com showed that motor premiums were down by just 1.9% in the fourth quarter of 2013, the smallest qua
Read moreWednesday broker round-up UPDATE
22nd Jan 2014 08:33
Admiral Group: Numis raises target price from 1425p to 1710p upgrading from add to buy. African Barrick Gold: Deutsche Bank moves target price from 180p to 190p and keeps a hold recommendation. RBC Capital takes target price from 220p to 250p and maintains an outperform rating. JP Morgan ups target
Read moreBroker tips: Burberry, AB Foods, Motor insurers
20th Jan 2014 12:11
Credit Suisse has lowered its recommendation for luxury fashion brand Burberry from 'outperform' to 'neutral', saying that the outlook for the stock looks 'tough' in the near term. "We now think that Burberry's superior top-line momentum is unlikely to translate into superior earnings growth versus
Read moreBroker snap: Canaccord ups UK motor insurance targets on improving trends
20th Jan 2014 10:59
Canaccord Genuity has lifted its target prices across the UK motor insurance sector after recent data showed that premium trends began to improve at the end of last year. The Towers Watson/Confused.com UK motor pricing survey released on Friday showed that the quarter-on-quarter decline in premiums
Read moreMonday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreLondon close: Car insurers lead markets higher after choppy session
17th Jan 2014 16:31
- UK retail sales smash forecasts for December - US economic data and earnings come in mixed - Car insurers gain as decline in premiums eases - Shell issues massive profit warning techMARK 2,851.01 +0.26% FTSE 100 6,829.30 +0.20% FTSE 250 16,187.09 -0.14% UK markets ended a choppy session with sma
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