Thursday broker round-up
11th Aug 2016 19:13
(ShareCast News) - Astrazeneca: Berenberg reiterates buy with a target price of 5600p. Legal & General: RBC maintains outperform with a 300p target. Lloyds: JP Morgan reiterates neutral with a 62p target. Centamin: RBC stays at speculative risk with a 190p target. Staffline: Berenberg reiterates
Read moreLegal & General sells Cofunds platform to Aegon
11th Aug 2016 07:09
(ShareCast News) - Legal & General Group has agreed the sale of its Cofunds investment platform to Aegon for £140m. The acquisition, which includes the Investor Portfolio Service (IPS) platform as well as Cofunds' retail and institutional business, will increase the Solvency II surplus by £125m
Read moreDirectors dealings: Legal&General director picks up shares
10th Aug 2016 16:40
(ShareCast News) - Legal & General independent director Julia Wilson picked up 7,320 shares in the life insurer she helps run at a price of 206p each, for a total consideration of £15,084.18. In the previous session, the firm announced that operating profits jumped 10% during the first half of the y
Read moreWednesday newspaper share tips: Regus, Standard Life
10th Aug 2016 12:41
(ShareCast News) - Regus appears to be on to something with its flexible business model and markets have caught on, the Financial Times´s Lex column said. Its stock was trading near its 2016 high on a price-to-earnings multiple of close to 25. The real estate firm not only owns its properties,
Read moreLegal & General profits edge higher in cautious first half
9th Aug 2016 07:47
(ShareCast News) - Legal & General increased first-half profits by almost a quarter as strong growth from the annuity arm offset declines at investment management and insurance. Adjusted group operating profit in the half-year to 30 June increased 10% on the same period last year to £822m, with earn
Read moreLegal&General cuts discount on UK property fund as redemptions slow
18th Jul 2016 16:45
(ShareCast News) - Legal &General reduced the discount for withdrawals from its UK property fund after applications for redemptions slowed. Investors now faced a 10% loss when withdrawing their monies from the firm's £2.5bn UK property fund and not 15%, Legal&General said in a statement. "While it
Read moreSunday share tips: Gulf Keystone Petroleum, Marks & Spencer, Lloyds Banking
17th Jul 2016 12:22
(ShareCast News) - Gulf Keystone Petroleum shares could be worth buying, said the Sunday Times' Inside the City column, if shareholders vote to accept a debt restructuring deal that will leave them just 14% of the embattled oil producer. Shares in the Kurdistan-focused company last week dipped below
Read moreWhitbread enters sale-and-leaseback with Legal & General
7th Jul 2016 07:19
(ShareCast News) - Hospitality group Whitbread announced on Thursday that it has exchanged agreements with Legal & General for the sale-and-leaseback of its 389-room 'Hub by Premier Inn' hotel in Kings Cross, due to open in 2017, in exchange for a 25 year lease agreement. The FTSE 100 company announ
Read moreLegal & General tops £4bn sales in first half as lifetime mortgages bloom
30th Jun 2016 07:11
(ShareCast News) - Legal & General said it made £4bn of sales across bulk annuities, individual annuities and lifetime mortgages in the first half of the year. The FTSE 100 group, in its second post-Brexit statement, reassured that it had felt little disruption from the uncertainty around the EU Ref
Read moreWednesday newspaper share tips: Redrow, Legal&General, Aviva
29th Jun 2016 19:43
(ShareCast News) - Unless we are heading for some sort of huge housing crisis, shares of many homebuilders are still attractive, with stock in Redrow being a particular case in point, while several others were on guaranteed dividend yields, The Times´s Tempus wrote. Instead of shovelling large amoun
Read moreLife insurers, oil stocks boost indices
29th Jun 2016 18:40
(ShareCast News) - Life insurers jumped on Wednesday on the heels of positive broker comment and supportive remarks from some ex-officials regarding the fall-out, or not, for the sector as a result of Brexit. Prudential´s shares rallied after Barclays reiterated an 'overweight' rating and target pri
Read moreFormer Treasury man Kingman to chair Legal & General
28th Jun 2016 07:23
(ShareCast News) - Legal & General announced the appointment of a new group chairman on Tuesday, confirming former Second Permanent Secretary of HM Treasury Sir John Kingman as taking the up the post. The 47-year-old comes with no previous experience in operating an insurance firm, but he did play a
Read moreCommercial insurers face more claims, slimmer margins from August - Fitch
14th Jun 2016 09:34
(ShareCast News) - Insurers are likely to face more more claims, more intense price competition and slimmer margins, Fitch Ratings said, due to changes to UK laws on disputing commercial insurance claims and timing of payments due to come into force in August and next year. Coming into force on 12 A
Read moreThursday newspaper share tips: Vertu Motors, Old Mutual
2nd Jun 2016 13:33
(ShareCast News) - Car dealer Vertu Motors has had a "Buy" opinion placed on it by the Telegraph's Questor column, which cites likely improvements to next year's results and broker upgrades after news of a recent deal. The Gateshead-based outfit said on Wednesday that it had nabbed five car deale
Read moreLegal & General chairman to step down in June
26th May 2016 07:12
(ShareCast News) - Legal & General chairman John Stewart has set a date of 1 June for his retirement, when he will be replaced on an interim basis by senior independent director Rudy Markham. Markham is also leading the search for a permanent replacement and is confident of making an appointment in
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