Hiscox acquires online motor insurance firm in Singapore
3rd Mar 2014 07:47
Specialist insurer Hiscox has acquired DirectAsia, the direct-to-consumer online operation owned by Whittington Group. DirectAsia, which was founded in Singapore in 2010, is focused on motor but also has ancillary lines in travel, personal accident, healthcare and life. It has over 54,000 custome
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 moreWednesday broker round-up UPDATE
26th Feb 2014 08:54
Anglo Pacific: FinnCap cuts target price from 279p to 216p, downgrades to hold. Ashmore Group: UBS reduces target price from 405p to 355p, while leaving its buy recommendation unchanged. Jefferies cuts target price from 475p to 375p, while its buy recommendation is kept. Barclays lowers target pric
Read moreHiscox unveils capital return plans
25th Feb 2014 10:44
Hiscox, the FTSE 250 insurance group, has announced plans to return capital to its shareholders by way of a special distribution of 36p a share along with 14p a share instead of a final dividend. Altogether the company will return around £128m. As part of the capital return the group plans to un
Read moreTuesday broker round-up UPDATE
25th Feb 2014 08:40
African Barrick Gold: Canaccord Genuity raises target price from 205p to 315p and upgrades from hold to buy. Ashmore Group: Canaccord Genuity takes target price from 205p to 315p and downgrades from buy to hold. Associated British Foods: Jefferies increases target price from 2450p to 2600p retaini
Read moreTuesday tips round-up: HSBC, Hiscox
25th Feb 2014 07:13
HSBC's latest full-year results, with net profits at 18bn dollars, is evidence that the lender has plenty of scope left for dividends. That comes at a time when other banks cannot offer their shareholders such certainty. More importantly, following the completion of the Vodafone/Verizon deal last we
Read moreTuesday newspaper round-up: HSBC, Fukushima, US defence cuts
25th Feb 2014 06:17
More than 600 senior bankers and star dealmakers at HSBC will be paid six or seven-figure 'allowances' designed to bypass the European Commission's crackdown on excessive bonuses. In some cases, the new payments will be bigger than base pay, with Stuart Gulliver, the chief executive, due to receive
Read moreHiscox upbeat after full year profit boost
24th Feb 2014 07:32
Hiscox posted a hike in profits for its 2013 year and struck an upbeat note on outlook, with the specialist insurer confident of doubling the size of its business through organic growth. Full year pretax profits rose 12.4% to £244.5m. Gross written premiums increased by 8.5% to £1.7bn and net earn
Read moreFTSE 250 movers: Balfour Beatty boosted by RBC upgrade
5th Feb 2014 14:14
Infrastructure services group Balfour Beatty was among the best performers on the FTSE 250 on Wednesday after RBC Capital Markets upgraded its rating by two notches from 'underperform' to 'outperform', saying that the stock is geared to the recovery in the UK. "We believe that the outlook in its en
Read moreLondon midday: AB Foods and RSA lead markets higher
5th Feb 2014 11:21
- Upside limited after UK, Eurozone data disappoints - Investors cautious ahead of US data, policy decisions - AB Foods rises, RSA appoints Hester as CEO - Hargreaves Lansdown drops after H1 results techMARK 2,756.02 +0.36% FTSE 100 6,465.16 +0.25% FTSE 250 15,589.91 +0.32% UK markets snapped a fi
Read moreWednesday broker round-up UPDATE
5th Feb 2014 09:04
Afren: Westhouse Securities ups target price from 165p to 180p retaining a buy recommendation. Amlin: Nomura lowers target price from 467p to 442p maintaining a neutral rating. ARM Holdings: Jefferies reduces target price from 1300p to 1140p, while keeping a buy recommendation. Deutsche Bank cuts
Read moreFriday broker round-up UPDATE
31st Jan 2014 09:43
Aberdeen Asset Management: Berenberg cuts target price from 555p to 530p staying with its buy recommendation. Amlin: Canaccord Genuity moves target price from 420p to 430p reiterating a hold recommendation. ARM Holdings: Credit Suisse cuts target price from 1150p to 1100p and reiterates an outperf
Read moreThursday broker round-up UPDATE
16th Jan 2014 08:59
Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
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