Hiscox gross written premiums rise in first nine months
9th Nov 2015 08:12
(ShareCast News) - Lloyd's of London insurer Hiscox posted a jump in gross written premiums for the first nine months of the year on the back of a strong performance in insurance lines, particularly in its US and London markets. For the nine months to the end of September, gross written premiums ros
Read moreHiscox non-executive directors step down
12th Oct 2015 14:59
(ShareCast News) - Daniel Healy and Andrea Rosen have stepped down from their role as non-executive directors of Hiscox, the insurance group confirmed on Monday. In a short statement, the FTSE 250 group added the search for a permanent senior independent director to replace Healy was underway, indic
Read moreSunday share tips: Aggreko, Stadium, Hiscox
2nd Aug 2015 14:59
(ShareCast News) - Shares of Aggreko are worth holding, wrote Dannny Fortson in the Sunday Times' Inside the City column. New chief executive Chris Weston took over in January and his review of the temporary power supplier is to be unveiled on Thursday along with interim results. A dose of redundanc
Read moreLondon open: Stocks start lower, weighed down by losses in China
27th Jul 2015 09:28
(ShareCast News) - A sharp drop in Chinese stocks overnight weighed on risk sentiment early on as investors prepared themselves for the US central bank's policy announcement on Wednesday and a wave of corporate results in the UK, US and over on the continent this week. As of 08:33 BST, the FTSE 100
Read moreHiscox profit lift beats expectations
27th Jul 2015 08:59
(ShareCast News) - Insurer Hiscox reported a lift in pre-tax profit for the first half of the year, but warned mother nature could impact its business. The FTSE 250 firm reported pre-tax profits for the first six months up 8.4% to £135.1m from £124.6m, and said it benefited from a lack of major cata
Read moreFTSE 250 movers: Hiscox and Alent hit by downgrades, miners lower
14th Jul 2015 14:30
(ShareCast News) - Mid-caps were in the red on Tuesday as a raft of negative broker comment weighed on stocks and industrial metals stocks plunged. As of 14:45 BST, the FTSE 250 was trading 0.8% lower at 17,573. Insurer Hiscox was in the red as analysts at Credit Suisse downgraded the stock to 'und
Read moreBroker Tips: ITV, Sky, Ladbrokes, William Hill, Hiscox
14th Jul 2015 11:22
(ShareCast News) - ITV was under the cosh in early trading after Deutsche Bank downgraded the stock to 'sell' from 'hold'. The broker said the UK broadcasting market has been "kind" to ITV, noting that Channel 5 had its programming budget slashed and Channel 4 has focused on its public service remit
Read moreCredit Suisse downgrades Hiscox on valuation grounds
14th Jul 2015 10:41
(ShareCast News) - Credit Suisse downgraded Hiscox to 'underperform' from 'neutral' but raised its target price on the stock to 720p from 655p. "Whilst we continue to believe that Hiscox's exposure to retail customers has the ability to offset partly the negative trends seen at peers, the group trad
Read moreBuy Hiscox on the back of ACE/Chubb deal, says RBC Capital
1st Jul 2015 14:28
RBC Capital Markets recommended investors buy Hiscox on Wednesday on the back of ACE's agreement to buy Chubb Corp for $28.3bn, having recently suggested the FTSE 250 insurer was too richly priced. Swiss insurer ACE announced that it will acquire property insurer Chubb for a multiple of 1.8x book va
Read moreFTSE 250 movers: Synergy Health plunges on Steris takeover speculation, energy stocks lower
27th May 2015 12:34
UK stocks rebounded from the previous session's sell-off as gains made by tobacco, electronics and utilities outweighed weakness in mining and industrial metals. As of 14:00, the FTSE 250 was trading points 101.1 points higher at 18,200. Synergy Health topped the fallers, plummeting almost 17% on r
Read moreLondon midday: Imperial and CRH lead the rebound before Queen's Speech
27th May 2015 11:39
Investors managed to take advantage of a quiet morning to push UK stocks higher on Wednesday following a sell-off the previous day. The FTSE 100 was up 0.57% at 6,988.37 by midday, with blue chips Imperial Tobacco and CRH leading the rise, along with a host of other construction and building materia
Read moreBroker tips: IAG, Weir, De La Rue, Taylor Wimpey, Insurers
27th May 2015 11:33
Credit Suisse has maintained its 'outperform' rating for airline conglomerate IAG after its proposed €1.4bn acquisition of Irish carrier Aer Lingus received the green light from the Irish government. The bank said that it continues to see the acquisition as "strategically positive" for IAG, whose st
Read moreLondon open: Stocks edge higher ahead of Queen's Speech, Imperial rises
27th May 2015 09:20
UK stocks rebounded slightly on Wednesday morning after a sharp sell-off the previous session, with investors awaiting the Queen's Speech on a quiet day in terms of economic and corporate news. The FTSE 100 was up 0.32% at 6,971.03 early on after dropping 1.18% on Tuesday to 6,948.99. Consumer conf
Read moreJPM upgrades Beazley and Hiscox to overweight
27th May 2015 08:08
JPMorgan Cazenove upgraded Beazley and Hiscox to 'overweight' from 'neutral' as it took a look at the Lloyd's insurers. "We believe the Lloyd's insurers will continue to re-rate, as in our view the compound benefit of their approach to capital is not yet being fully valued," said JPM. It said the s
Read moreFriday broker round-up
15th May 2015 15:12
SAB Miller: Berenberg reiterates buy and 3,920 price target. IMI: Nomura reiterates reduce stance, lowers target to 1,115p from 1,175p. ITV: Barclays downgrades to equal-weight with 260p target. HSBC: Berenberg reiterates buy and lowers target to 750p from 790p. Hiscox: Canaccord Genuity reiterat
Read more