Tuesday broker round-up
30th Jun 2020 14:20
(Sharecast News) - Paragon: Canaccord upgrades to buy with a target price of 454.0p.
Read moreLancashire's fundraising shows growth potential, JP Morgan says
10th Jun 2020 15:51
(Sharecast News) - Lancashire's £277m capital raising demonstrates the company's growth potential and ability to capitalise on a hardening market, JP Morgan said as it reiterated its 'overweight' rating on the Lloyds's of London insurer.
Read moreHiscox customers ready to launch Covid-19 case
18th May 2020 08:59
(Sharecast News) - A group of companies seeking £40m of payouts from Hiscox under business interruption policies has received the green light from lawyers and funders to start legal action against the insurer.
Read moreBroker tips: Smith & Nephew, Hiscox, National Express
7th May 2020 14:46
(Sharecast News) - Analysts at Berenberg upped their target price on medical equipment manufacturer Smith & Nephew from ?21.35 to ?21.65 on Thursday, stating the group's outlook was beginning to improve.
Read moreThursday broker round-up
7th May 2020 13:55
(Sharecast News) - Ibstock: Jefferies downgrades to hold with a target price of 212p.
Read moreBarclays upgrades Hiscox following $460m capital raising
7th May 2020 08:17
(Sharecast News) - Barclays has upgraded specialist insurer Hiscox to 'equal weight', arguing that its risk profile was now more balanced.
Read moreWednesday broker round-up
6th May 2020 13:16
(Sharecast News) - Hiscox: Jefferies upgrades to buy with a target price of 850p.
Read moreJefferies upgrades Hiscox to 'buy'
6th May 2020 12:41
(Sharecast News) - Jefferies upgraded its stance on shares of Hiscox to 'buy' from 'hold' after the insurer announced late on Tuesday that it was launching an equity placing.
Read moreHiscox launches capital raise; sees up to ?250m hit from business interruption
5th May 2020 18:34
(Sharecast News) - Hiscox announced an equity placing on Tuesday to take advantage of market conditions, as it warned it could take a hit of between ?10m and ?250m from business interruption insurance.
Read moreSunday newspaper round-up: BT Group, Sports Direct, Ocado
3rd May 2020 21:44
(Sharecast News) - The City is braced for a cut to BT's £1.5bn dividend - a move that would send pain through its army of retail shareholders after a wave of blue-chips slashed payouts amid the Covid-19 crisis. The board meets this week to decide whether to keep the dividend, one of the 20 biggest in the FTSE 100 index. More than 40 leading companies have cancelled £16.5bn of payouts this year, according to the broker Peel Hunt, including all the banks. Shell stunned the market by cutting its dividend by two-thirds on Thursday. - Sunday Times
Read moreFCA seeks court ruling on Covid-19 insurance disputes
1st May 2020 07:24
(Sharecast News) - Britain's financial regulator said it was seeking an urgent court ruling on disputes between insurers and firms over claims for loss of income due to the coronavirus pandemic.
Read moreLancashire on course to weather Covid-19 storm
30th Apr 2020 10:32
(Sharecast News) - Lloyd's of London syndicate Lancashire Holdings reported a 12% jump in quarterly premiums on Thursday, and insisted its business model would help it navigate the global disruption caused by Covid-19.
Read moreHiscox considering capital raise
29th Apr 2020 08:01
(Sharecast News) - Hiscox said on Wednesday that it is "evaluating possible sources of capital" which could include raising new equity, amid expectations that rates in the US wholesale and reinsurance market will rise due to the coronavirus pandemic.
Read moreTuesday broker round-up
28th Apr 2020 14:21
(Sharecast News) - Sainsbury: Berenberg downgrades to sell with a target price of 170p.
Read moreHiscox sees potential ?175m in Covid payouts as legal threat looms
22nd Apr 2020 07:12
(Sharecast News) - Hiscox said it could pay out $175m in coronavirus-related claims if lockdowns and travel bans were extended beyond six months as it faced a potential class action from angry business customers over rejected applications.
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