Tuesday broker round-up
29th Mar 2016 16:51
(ShareCast News) - Synthomer: Berenberg downgrades to hold with a target price of 345p. Next: Goldman Sachs downgrades to neutral, 6400p target, Canaccord downgrades to hold with a target price of 6025p, Deutsche Bank reiterates buy with a target of 6850p and Credit Suisse stays at underperform, 560
Read morePre-merger return to profit for Just Retirement
11th Mar 2016 07:48
(ShareCast News) - Pensions provider Just Retirement said six-month pre-tax profits rose to £26.1m compared to a £9.2m loss for the same period last year, as the group prepared for its merger with Partnership next month. The company said total new business sales jumped to £1.2bn from £820m, while un
Read moreFive City traders accused of insider dealing Sky, L&G and Paragon shares
18th Jan 2016 15:46
(ShareCast News) - Five day traders, including brokers at Deutsche Bank and Panmure Gordon, have been accused of making more than £7m from the biggest ever insider trading case in the City of London. Prosecutors representing the Financial Conduct Authority at Southwark Crown Court since last Monday
Read moreJust Retirement says Partnership merger to complete in Q1 2016
23rd Dec 2015 14:23
(ShareCast News) - Just Retirement said on Wednesday that its proposed merger with Partnership Assurance Group is likely to be completed in the first quarter of next year, which is a little later than previously anticipated. The companies had expected the deal to be finalised in January, but the ann
Read moreJust Retirement sales jump 41% in first quarter
5th Nov 2015 09:57
(ShareCast News) - Just Retirement posted a 41% increase in first quarter sales as it lifted its sales forecast for pension products. For the three months ended 30 September, which make up the first quarter of its 2015/16 financial year, total new business sales came in at £359.9m from £255.1m in th
Read moreFTSE 250 movers: Just Retirement boosted by CMA merger clearance
28th Oct 2015 13:50
(ShareCast News) - After an initial stumble, the FTSE 250 fought its way back into positive territory over the day, By 1420 GMT, the UK mid-cap index was up 0.28% at just over 17,000 points, but not rising as fast as its blue chip sister index 0.85% gain. Pharmaceutical group BTG was given a shot i
Read moreJust Retirement directors increase stake ahead of merger
15th Oct 2015 16:34
(ShareCast News) - Several of Just Retirement Group's directors couldn't resist snapping up a bigger portion of the company ahead of its merger with Partnership Assurance Group. The FTSE 250 company completed its open offer and placing on Wednesday, and on Thursday announced that chairman Tom Cross
Read moreThursday broker round-up
8th Oct 2015 17:33
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read moreLondon pre-open: Stocks to start higher after Fed's Yellen
25th Sep 2015 07:45
(ShareCast News) - Stocks will start the day higher after Fed chair Janet Yellen indicated overnight the US central bank was keeping all options on the table as regards a first hike in interest rates this year. "Most of my colleagues and I anticipate that it will likely be appropriate to raise the t
Read moreJust Retirement, Partnership to raise £150m in placing
25th Sep 2015 07:20
(ShareCast News) - Pension providers Just Retirement and Partnership Assurance are to raise £150m in a share placing to help pay for their planned merger. The cash will cover combined non-recurring integration and transaction costs of around £80m, the two companies said on Friday. It will also be u
Read moreSales down, profits slashed for Just Retirement ahead of merger
17th Sep 2015 07:32
(ShareCast News) - Total sales dropped 16.8 percent year on year for Just Retirement Group, but the decline was stemmed by its Defined Benefit De-risking business. The group, which is merging with Partnership Assurance Group, announced their full-year results for the year ended 30 June 2015 on Thurs
Read moreJust Retirement and Partnership hit by dramatic FCA pension freedom data
16th Sep 2015 15:45
(ShareCast News) - Shares in annuity specialists Just Retirement and Partnership Assurance have been hit by data from the Financial Conduct Authority showing a dramatic drop in take-up of these retirement products by pension savers. FCA data shows that 71,581 drawdown arrangements were accessed in t
Read moreFTSE 250 movers: Gold miners lifted as mid-caps trip on China's currency fiddling
12th Aug 2015 16:12
(ShareCast News) - The FTSE 250 tumbled in early trading and by the close of the session was down 1.3% at 17,438.09 points. There were a few stocks in positive territory, however, with a three-week haven-inspired high in gold prices helping gold-miners Centamin and Acacia Mining top the second-line
Read moreFTSE 250 movers: Miners drag index down, Synthomer spikes higher
11th Aug 2015 14:15
(ShareCast News) - The FTSE 250 index was by late on Tuesday afternoon giving up some of the gains made late the day before, as commodities-focused stocks were hit by China's devaluation and corporate news received mixed reviews. By 1540 BST the index was down 0.47% at 17,677.29 points, with Vedanta
Read moreJust Retirement and Partnership Assurance agree £1.7bn all-share merger
11th Aug 2015 07:46
(ShareCast News) - Annuities specialists Just Retirement Group and Partnership Assurance Group have agreed an all-share merger deal under the new name of JRP Group. Just Retirement shareholders will own roughly 60% of the combined group and Partnership the remainder after its shareholders receive 0.
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