FTSE 250 movers: JD Sports slips on Channel 4's Rochdale allegations
14th Dec 2016 16:35
(ShareCast News) - The FTSE 250 index was modestly lower on Wednesday afternoon, led lower by a group of retail and leisure stocks. Rising retail star JD Sports was the biggest faller on Wednesday after a Channel 4 undercover investigation claimed to have found conditions in its Rochdale warehouse w
Read moreHastings welcomes Rand Merchant as new largest shareholder
14th Dec 2016 15:23
(ShareCast News) - Shares in Hastings Group spiked on Wednesday afternoon after the insurer confirmed that Rand Merchant Investment was acquiring a 29.9% stake. RMI, which will be able to nominate a director for appointment to the board of the FTSE 250 company, has agreed to buy the shares from Hast
Read moreRBC Capital downgrades Esure after GoCompare demerger
3rd Nov 2016 12:35
(ShareCast News) - Esure shares tumbled on Thursday following the completion of the demerger of price comparison website GoCompare.com. RBC Capital Markets downgraded its stance on the stock to 'underperform' from 'outperform' and slashed the price target to 180p from 305p as it removed GoCompare ea
Read moreHastings investors placing shares at 216p each
5th Oct 2016 10:22
(ShareCast News) - FTSE 250 motor insurance company Hastings Group said on Wednesday that a group of investors has agreed to sell 46.17m shares, which is 7% of the issued share capital, at 216p per share. The price represents a 5.4% discount to the closing price on Tuesday and the investors selling
Read moreSector movers: Grocers and non-life insurers lead gains
15th Sep 2016 14:11
(ShareCast News) - Grocers and non-life insurance paced advances, with Morrisons buoying the former after posting what analysts described as an "encouraging" set of interims. Wm Morrison saw like-for-like sales excluding fuel and VAT increase by 1.4% during the first six months of the year, driving
Read moreThursday broker round-up
8th Sep 2016 14:03
(ShareCast News) - Tesco: JP Morgan reiterates underweight with a target price of 135p. G4S: Jefferies maintains underperform with a 160p target. Severn Trent: UBS keeps at neutral with a 2310p target. ITV: JP Morgan reiterates overweight with a 233p target. Babcock: Goldman Sachs keeps at buy wi
Read moreHSBC upgrades RSA, downgrades Hastings
8th Sep 2016 09:57
(ShareCast News) - HSBC upgraded RSA Insurance to 'buy' from 'hold' and raised the price target to 595p from 520p despite the strong share price performance. The bank noted RSA shares are up 19% year-to-date, outperforming the FTSE 100 index and the DJ Stoxx Insurance index by 9% and 36%, respective
Read moreTuesday broker round-up
16th Aug 2016 11:38
(ShareCast News) - Investec: UBS reiterates buy with a target price of 550p. Hastings: Berenberg maintains buy with a 234p target. Auto Trader: Goldman Sachs reiterates buy with a 445p target. Smiths Group: HSBC stays at hold with a 1300p target. Rightmove: Goldman Sachs keeps at neutral with a t
Read moreHastings Group posts impressive rise in profit
11th Aug 2016 08:34
(ShareCast News) - General insurance provider Hastings Group Holdings announced its interim results for the six months to 30 June on Wednesday, with the board claiming "impressive momentum". The FTSE 250 firm said gross written premiums were up by 28% to £360.6m, with net revenue up by 27% to £282.7
Read moreFriday broker round-up
6th May 2016 14:34
(ShareCast News) - Man Group: Citigroup downgrades to sell with a 120p target. Royal Mail: Jefferies reiterates underperform with a 400p target. Easyjet: JP Morgan keeps at overweight with a 1900p target. IMI: Societe Generale reiterates hold with a target of 920p and JP Morgan stays at neutral wi
Read moreHastings Group posts strong first-quarter performance
6th May 2016 07:43
(ShareCast News) - General insurer Hastings Group Holdings reported strong first-quarter operating performance on Friday, trading in line with targets set at its IPO last October. Friday, trading in line with targets set at its IPO last October. The FTSE 250 firm's live customer policies increased
Read moreHastings declares first dividend as full year profit jumps 19%
15th Mar 2016 08:06
(ShareCast News) - FTSE 250 insurer Hastings, which listed on the London Stock Exchange in October, posted a rise in full year gross written premiums and operating profit as it declared its first dividend. In the year to the end of December, gross written premiums were up 27% to £614.9m, net revenue
Read moreWorldpay Group, Provident Financial and DCC to join FTSE 100
2nd Dec 2015 18:10
(ShareCast News) - On Wednesday evening FTSE announced the results of its December review, with Worldpay Group, Provident Financial and DCC replacing G4S, Morrisons and Meggitt in the top flight index as of 18 December. The three constituents which were set to exit the FTSE 100 would fatten the rank
Read moreHastings shares drop below IPO price
12th Oct 2015 12:01
(ShareCast News) - Shares in UK insurer Hastings Group have dropped below their IPO on the first day of trading. The shares opened in line with their 170p IPO but soon fell below. Hastings said on Friday that the offer was expected to raise gross proceeds of between £210m and £231m, with the compan
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