Hiscox and Restaurant Group CEOs sell up
27th Sep 2013 16:11
Chief Executive at Hiscox, Bronek Masojada, has sold 10,000 shares at 650.50p a piece in the insurance provider. The sale generated £65,050 for Masojada, who joined the company in 1993. For the first half of the year the group posted a pre-tax profit of £180.7m (2012: £125.8m), helped by low ex
Read moreFriday broker round-up UPDATE
27th Sep 2013 08:48
Admiral Group: Berenberg ups target price from 1060p to 1080p, but still recommends selling. Amlin: Berenberg reduces target price from 422p to 398p and downgrades to sell. Atkins (WS): JP Morgan increases target price from 1298p to 1348p and maintains an overweight rating. AZ Electronic Material
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 moreLondon close: Stocks fall for fourth straight day
7th Aug 2013 17:00
The FTSE 100 finished in the red for the fourth straight day on Wednesday as worries over a withdrawal of stimulus in the US and an underwhelming statement from the Bank of England (BoE) dampened sentiment. Comments from a number of Federal Reserve officials and the ongoing improvement in US econom
Read moreFTSE 250 movers: Ferrexpo jumps after solid first-half numbers
7th Aug 2013 14:55
Iron pellet producer Ferrexpo was the high riser on the FTSE 250 on Wednesday with shares up over 10 per cent after a solid first-half report. Revenues were up 6.0% year-on-year at $775m as strong sales demand offset lower market pricing. Analyst Louise Collinge from Investec said that underlying e
Read moreLondon midday: Markets underwhelmed by Carney's dovish guidance
7th Aug 2013 11:38
The FTSE 100 had sunk sharply by Wednesday lunchtime as markets reacted negatively to the Bank of England's (BoE) new forward guidance and improved growth forecasts. All eyes were on new BoE Governor Mark Carney today as he unveiled the central bank's quarterly Inflation Report in which he was wide
Read moreLondon open: Stocks fall as markets await Carney's forward guidance
7th Aug 2013 08:31
Markets opened with moderate losses on Wednesday morning as investors turned nervous ahead of the Bank of England's inflation report, the first under the governorship of Mark Carney. The heavyweight mining sector was again providing a drag on the FTSE 100 as metals prices fell, while a number of b
Read moreLondon close: Barclays weighs on the Footsie
29th Jul 2013 17:05
London equities finished the session slightly higher, up by 0.08% at 6,560.25 points or by 5.40 points. The benchmark came off earlier highs following a weaker than expected report on housing Stateside and after a report in the Financial Times said that Barclays may tomorrow announce a greater th
Read moreFTSE 250 movers: Hiscox, Hochschild, Fidessa, Senior
29th Jul 2013 14:12
Hiscox advanced after the insurer said first-half profit rose 44 per cent, driven by growth in gross written premiums. Hochschild Mining rallied after reporting was on track to achieve its 2013 production target and saying it was starting a cost cutting programme. Software and services supplier,
Read moreBroker tips: Barclays, Aberdeen, Hiscox
29th Jul 2013 13:43
Analysts at Investec are quite critical of any attempt by Barclays to raise fresh capital - which they think the lender does not need - at current valuations. In their opinion that would be tantamount to capitulating to regulators´ demands. "How very disappointing!" they write to clients. In fact,
Read moreBroker snap: Daniel Stewart continues to prefer Hiscox
29th Jul 2013 13:25
Analysts at Daniel Stewart continue to include FTSE-250 listed insurer Hiscox amongst their preferred stocks in the insurance sector. The main reason for the above lies in the fact that they expect the firm to grow at about 10% per year for the next two years. Hiscox today unveiled a rise in int
Read moreHiscox forecasts rise in Syndicate 33 capacity in 2014
8th Jul 2013 08:02
Specialist insurer Hiscox said it sees capacity in its Syndicate 33 rising in 2014. The Lloyd's of London insurer said at this early stage it expected the syndicate to underwrite up to £1bn next year, up from £950m for 2013. It will submit a final plan to Lloyd's later in the year which will depen
Read moreFriday broker round-up UPDATE
14th Jun 2013 08:15
Amlin: UBS starts with a target price of 400p and a neutral rating. Cairn Energy: JP Morgan takes target price from 320p to 340p maintaining a neutral rating. Catlin: UBS initiates with a target price of 475p and a neutral rating. Chemring: Credit Suisse increases target price from 210p to 260p a
Read moreThursday broker round-up UPDATE
30th May 2013 08:19
AMEC: Morgan Stanley reduces target price from 1220p to 1100p and retains an underweight rating. Amlin: JP Morgan takes target price from 360p to 400p maintaining an underweight rating. Brewin Dolphin: Canaccord Genuity raises target price from 230p to 285p and reiterates a buy recommendation. C
Read moreWednesday broker round-up UPDATE
22nd May 2013 09:37
Afferro Mining: Panmure Gordon reduces target price from 279p to 100p, while keeping its buy recommendation. Amara Mining: Westhouse Securities cuts target price from 110p to 90p retaining a buy recommendation. Amlin: Westhouse Securities moves target price from 455p to 470p and upgrades to add.
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