Tuesday broker round-up UPDATE
5th Nov 2013 08:57
Afren: FinnCap ups target price from 130p to 140p keeping a hold recommendation. African Barrick Gold: Westhouse Securities raises target price from 115p to 170p, while downgrading to sell. Associated British Foods: Numis downgrades to reduce with a target price of 1845p. Panmure Gordon ups target
Read moreProfit growth slows at Direct Line in third quarter
1st Nov 2013 07:03
- Q3 operating profits up 6.1 per cent - Gross written premium continues to worsen - 4p special dividend confirmed FTSE 250 insurer Direct Line saw operating profits growth slow in the third quarter, but said it was on track to meet its operating targets. A 6.1% increase for the quarter to £131.2
Read moreQuindell confident of full-year targets after string of contract wins
9th Oct 2013 07:58
Software, consultancy and technology specialist Quindell Portfolio reckons that it will be able to meet the top-end of market forecasts for 2013 after a string of contract wins since the first half. The AIM-listed company announced on Wednesday that it has signed a three-year £150m contract with in
Read moreLondon pre-open: FTSE to track US markets lower
8th Oct 2013 07:37
City sources predict the FTSE 100 will open around 15 points lower than Monday night's close of 6,437.28, tracking Wall Street benchmarks which finished with steep losses, as the political brinkmanship over the debt ceiling continued into its second week. The S&P 500 dropped 14.38 points (-0.9%) to
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 moreFriday broker round-up UPDATE
4th Oct 2013 09:32
Aberdeen Asset Management: JP Morgan lowers target price from 523p to 509p maintaining an overweight rating. Admiral Group: Canaccord Genuity cuts target price from 1200p to 1160p retaining its sell recommendation. API Group: Numis downgrades to add with a target price of 85p. Arbuthnot Banking G
Read moreRBS to reduce Direct Line stake by a further 20 per cent
20th Sep 2013 11:08
The Royal Bank of Scotland (RBS) has completed the sale of 300m ordinary shares in Direct Line Insurance, following its announcement late Thursday that it planned to sell as much as 20 per cent of its stake in the insurance provider. The group announced Friday morning that the shares were sold at
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreWednesday broker round-up UPDATE
7th Aug 2013 08:57
Antofagasta: Canaccord Genuity ups target price from 1000p to 1035p leaving its buy recommendation unchanged. BBA Aviation: JP Morgan increases target price from 289p to 343p retaining an overweight rating. UBS moves target price from 250p to 280p and reiterates a neutral rating. Liberum Capital ra
Read moreMonday broker round-up UPDATE
5th Aug 2013 07:06
Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N
Read moreDirect Line Group's profits rise as insurer keeps costs down
2nd Aug 2013 10:59
Insurance company Direct Line Group reported 96 per cent rise in pre-tax profit to 208.8m pounds in the first half as improved costs control offset lower investment returns. Gross written premium for ongoing operations was 4.0% lower, reflecting competitive market conditions in UK personal lines, p
Read moreFriday broker round-up UPDATE
28th Jun 2013 08:32
BAE Systems: Deutsche Bank increases target price from 375p to 400p, while downgrading to hold. Barclays: Bank of America moves target price from 430p to 410p, while its buy recommendation remains unaltered. Booker Group: Investec shifts target price from 140p to 141p and keeps its buy recommendat
Read moreThursday broker round-up UPDATE
27th Jun 2013 07:36
Antofagasta: Investec cuts target price from 892p to 691p downgrading from reduce to sell. Black Mountain Resources: Westhouse Securities shifts target price from 23p to 17p, while its buy recommendation remains unaltered. Bunzl: Numis upgrades to buy with a target price of 1505p. Capita: Jefferi
Read moreThursday tips round-up: Bunzl, Direct Line, Real Good Food
27th Jun 2013 06:36
Bunzl is a boring investment but in these markets, boring is good, according to The Times' Tempus column. As a note from Numis Securities on Wednesday highlighted, there is little that is boring about a share price that has risen by 25 times over 23 years. The latest trading statement from Bunzl al
Read moreDirect Line Insurance cuts 2,000 jobs to slash costs
26th Jun 2013 09:53
Direct Line Insurance Group's shares surged on Wednesday after announcing further cost saving initiatives. The company, which last August announced a transformation plan to improve its operational efficiency, plans to slash 2,000 jobs to achieve more savings. When the group first announced its pl
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