Broker tips: UK life insurers, Entertainment One, Micro Focus International
10th Dec 2015 15:38
(ShareCast News) - Shares in UK life insurers will catch-up with their European peers next year after underperforming in 2014, as Solvency II proved to be a more acute headwind for them, Nomura told clients on Thursday. Yet developments for them had generally been better than expected for them, so c
Read moreUK life insurers set to catch up next year, Nomura says
10th Dec 2015 15:06
(ShareCast News) - Shares in UK life insurers will catch-up with their European peers next year after underperforming in 2014, as Solvency II proved to be a more acute headwind for them, Nomura told clients on Thursday. Yet developments for them had generally been better than expected for them, so c
Read moreRSA, Prudential, Legal & General get green light on Solvency II rules
7th Dec 2015 07:12
(ShareCast News) - Three major UK insurers said they had received approval to use their internal models to comply with the new European-wide Solvency II requirements to protect against financial shocks. RSA, Prudential and Legal & General are among 19 companies to get full or partial approval for th
Read moreBank of England gives insurance firms go-ahead on Solvency II plans
6th Dec 2015 09:13
(ShareCast News) - The Bank of England has approved the internal capital calculation models of 19 insurance firms, including Lloyd's of London, Aviva, RSA and Prudential. The endorsement means that the firms can use an internal model to determine the amount of capital they need to set aside to prote
Read moreLegal & General chairman John Stewart to retire in 2016
13th Nov 2015 08:07
(ShareCast News) - Legal & General's chairman John Stewart will retire in 2016 following the identification and appointment of a successor, after five years in the role. Stewart said he expects the company's annual general meeting in May 2016 to be his last as chairman. Group chief executive Nigel
Read moreThursday newspaper share tips: Investing in Legal and General a good insurance policy
5th Nov 2015 11:13
(ShareCast News) - Betting on Legal and General may be a good long-term strategy, according to The Times's Tempus. The insurer posted a 14% rise in net cash generation for the first nine months of the year on Wednesday as it said it is ahead of its target to deliver £80m of operating cost savings th
Read moreLegal & General lifts net cash 14% and plans cost savings
4th Nov 2015 07:13
(ShareCast News) - Insurer Legal & General posted a 14% rise in net cash generation for the first nine months of the year as it said it is ahead of its target to deliver £80m of operating cost savings this year. Net cash generation rose to £943m from £827m in the same period last year, while assets
Read moreAviva, St.James's and Standard Life set to outperform, JP Morgan says
23rd Oct 2015 14:54
(ShareCast News) - The upcoming implementation of the Solvency II capital regime will lift a significant source of uncertainty which has been hanging over UK and European life insurers, JP Morgan said in a research note sent to clients. The new measures will likely see Aviva, St.James Place and Stan
Read moreLondon pre-open: Shares to edge higher ahead of US jobs report
2nd Oct 2015 07:58
(ShareCast News) - Stocks are expected to start the day slightly higher ahead of today´s release of the US jobs report for September. The top flight index is seen starting the session up to 22 points higher from Thursday´s close of 6,072.47, while the Shanghai Stock Exchange´s Composite Index remain
Read moreLegal & General in pension transfer deal with Philips US unit
2nd Oct 2015 07:18
(ShareCast News) - Legal & General America (L&G) is to provide retirement payments under a group annuity contract to 14,000 Royal Philips US retirees and other former employees in its first American pension risk transfer deal, the company said on Friday. Legal & General America (L&G) is to provide r
Read moreLegal & General gets a boost from upbeat BofA Merrill note
23rd Sep 2015 14:22
(ShareCast News) - Legal & General got a boost on Wednesday as Bank of America Merrill Lynch added the stock to its 'Europe 1' list, which is a list of department-wide top picks. "We believe that its steadily growing, highly visible cash generation deserves a premium valuation," said the bank. It s
Read moreLegal & General clinches National Pension Scheme mandate
11th Sep 2015 14:01
(ShareCast News) - Insurance group Legal & General has agreed a mandate to manage £13bn of assets for the National Grid UK Pension Scheme. The FTSE 100 group said the scheme will create a small executive office of pension and investment specialists to support the trustees in the management of the £1
Read moreFTSE 100 movers: Old Mutual, housebuilders rally, but miners under the cosh
6th Aug 2015 14:47
(ShareCast News) - London's FTSE 100 index was down 0.2% at 6,740 at 15:00 BST as investors took in 'Super Thursday', which saw the Bank of England deliver its interest-rate decision, minutes and Inflation Report all on the same day. Diversified South African financial group Old Mutual was the stand
Read moreSector movers: Financials, miners and airlines lead London market higher
5th Aug 2015 16:03
(ShareCast News) - Financial stocks and miners led the London market higher on Wednesday, as improved economic data from China buoyed the market. The FTSE 100 closed up 0.98% or 65.84 points at 6752.41, while the FTSE 250 ended up 0.23% or 40.65 points at 17775.08 on a bounceback from miners as shor
Read moreFTSE 100 movers: StanChart, miners and Tesco lift index
5th Aug 2015 15:58
(ShareCast News) - The FTSE 100 was generally on the up through most of Wednesday's session, with some well-received financial results accompanied by a mining sector bounce. London's blue chip index was ahead by 0.78% at 6,738.50 points at 1616 BST, with BHP Billiton and Rio Tinto leading the pack t
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