London close: FTSE 100 slips back
8th Nov 2010 16:43
Shares were on balance slightly lower as trading closed, with investors continuing to pause for breath following the strong gains seen last week on the back of the renewal of quantitative easing in the US. Rolls-Royce was a late riser after the aero-engineer said it was making progress n its invest
Read moreLondon afternoon: Investors cautious ahead of G20 meeting
8th Nov 2010 13:47
The Footsie drifted lower over the lunchtime session, hitting a new low for the day, as the afterglow of the Fed's quantitative easing boost begins to fade. There was also an element of caution ahead of this week's Group of 20 meeting in South Korea. It's been an unusually busy Monday for company r
Read moreLondon midday: Footsie drifts lower
8th Nov 2010 12:28
Leading shares are mixed but still trending lower, with cautious investors banking a few profits after the UK market rose more than 3% last week. US futures point to a dull start on Wall Street, which is not helping shift the lacklustre mood. The Dow is tipped to start about 15 points below last we
Read moreHiscox gross written premiums broadly level
8th Nov 2010 08:32
Bermuda based specialist insurer Hiscox said gross written premiums in the first nine months of the year were broadly level at £1,205.3m compared to £1,212.2m in 2009. The group said it continues to grow in its local specialty lines and contract in areas where rates are challenging, mainly US prope
Read moreBroker tips: ICAP, Ocado, Lloyd's insurers
1st Sep 2010 13:15
Inter-dealer broker ICAP is set to launch a new electronic platform for euro interest rate swaps (IRS) on 6 September, which suggests to ICAP fan Panmure Gordon that dealers are warming to the faceless alternative to telephonic transactions. "Significantly, the initiative has the liquidity support
Read moreBroker snap: Lloyd's syndicates watching 'hurricane Earl'
1st Sep 2010 11:49
Hurricane season is underway and a 120 miles per hour category four hurricane, 'hurricane Earl', could hit land in North America later this year. For once, it looks as if the Gulf of Mexico will not be affected but a number of Lloyd's syndicates will be monitoring its progress for fear it will hit t
Read moreMARKET TALK: Jefferies Starts Coverage Of Specialist Insurers
20th Jul 2010 07:10
0610 GMT [Dow Jones] Jefferies initiates coverage of London-listed specialist insurers with a positive view. Starts Amlin (AML.LN) and Lancashire Holdings (LRE.LN) at buy with 478p and 638p targets respectively; Catlin (CGL.LN) and Hiscox (HSX.LN) at hold with 406p and 371p targets respectively; an
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
20th Jul 2010 07:10
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0610 GMT [Dow Jones] Jefferies initiates coverage of London-listed specialist insurers with a positive view. Starts Amlin (A
Read moreInsurer Hiscox Gets $750M 3-Year Syndicated Bank Facility
6th Jul 2010 09:46
LONDON (Dow Jones)--International specialist insurer Hiscox Ltd. (HSX.LN) Tuesday said it has agreed a $750 million syndicated three-year revolving credit and letter of credit facility. Chief Financial Officer Stuart Bridges said the "competitive" facility will support the insurer's business dev
Read moreHiscox cuts 2011 syndicate capacity by 10%
29th Jun 2010 08:22
Lloyd's underwriter Hiscox plans to cut the capacity for Syndicate 33 by £100m in 2011 to £900m due to "anticipated market conditions". The company, which has to submit a full 2011 business forecast for the syndicate to Lloyd's by 9 July, said the numbers could change depending on loss activity ove
Read moreHiscox Syndicate Sees Syndicate Capacity Of GBP900M For 2011
29th Jun 2010 08:11
LONDON (Dow Jones)--Hiscox Ltd (HSX.LN), an international specialist insurer, said Tuesday that envisages a Syndicate capacity of GBP900 million for 2011, a reduction of GBP100 million from 2010, driven by anticipated market conditions; however these could change depending on loss activity over the
Read moreHiscox and Beazley escape major Deepwater hits
12th May 2010 11:45
Hiscox has dodged any major payout relating to the Deepwater Horizon, Gulf of Mexico disaster, with the Lloyds underwriter putting its exposure at below £10m. "Hiscox is a leading underwriter of offshore energy business but relative to our size we have a small exposure to this event. For an industr
Read morePost-demerger buying at EnQuest
7th Apr 2010 16:28
EnQuest directors have been buying shares following the completion of the oil and gas explorer and producer's demerger from oil services provider Petrofac yesterday. Finance director Jonathan Swinney acquired 45,403 shares but it was the non-executives that made the large purchases. Non-executive
Read moreLondon close: Pension deal boosts BA
16th Mar 2010 17:03
After threatening to hit a new intra-day high the FTSE 100 index saw its advance checked in the final hour of trading as profit takers moved in ahead of the Federal Reserve's decision on interest rates later today. Airline British Airways made a late surge to the top of the Footsie leaderboard as i
Read moreLondon afternoon: G4S locked out of market rally
16th Mar 2010 14:49
The Footsie stopped just short of dipping into negative territory over the lunchtime session before buyers moved back in just before 2pm. Banks and miners continue to provide many of the bright spots, with the latter benefitting from higher metal prices. In banking, Royal Bank of Scotland is want
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