Legal & General buys CALA stake from Lloyds
18th Mar 2013 07:10
Financial services giant Legal & General (L&G) has bought a large interest in a major British home builder from Lloyds Banking Group, marking the group's first direct investment of this kind. L&G, which provides protection, annuities, savings and investment management products in the UK, said in a
Read moreFTSE 100 movers: Aggreko tops risers
14th Mar 2013 15:34
Temporary power and temperature control firm Aggreko was the best performer of the day after winning contracts to supply122 MW of gas-fuelled power to utilities in Mozambique and Namibia from its facility at Ressano Garcia in Mozambique, the largest cross-border interim power plant in the world. Jef
Read moreThursday broker round-up UPDATE
14th Mar 2013 07:11
Amara Mining: After having been under review, Cantor Fitzgerald reinitiates coverage with a price target of 81p and a buy recommendation. Antofagasta: Citigroup shifts target price from 990p to 1000p, but retains its sell recommendation. Ashtead Group: Investec raises target price from 475p to 700
Read moreSector movers: Aviva and Standard Life weigh on insurance sector
7th Mar 2013 14:34
A surprise dividend cut from Aviva meant that the life insurance sector was the worst performing category on Thursday as shares in the UK firm plummeted. The stock was down 11.6% at 318p in afternoon trade after the company swung to a loss after tax of £3.05bn in 2012, compared with a profit of £60
Read moreBroker snap: 'Buy' Legal & General, recommends Nomura
6th Mar 2013 12:16
Financial services giant Legal & General may be trading a premium to its peers, but Nomura has retained its 'buy' recommendation for the stock following a 'decent' set of results for 2012. The insurance, pensions and investments firm reported full-year results on Wednesday that were broadly in line
Read moreLondon midday: Stocks hold on to recent gains
6th Mar 2013 11:56
Well-received results from a number of heavyweight stocks and M&A speculation surrounding Vodafone pushed the FTSE 100 firmly into positive territory on Wednesday morning, pushing the index to fresh multi-year highs. The Footsie finished yesterday's session at 6,432, a level not seen since late 200
Read moreLondon open: Footsie extends gains as Vodafone jumps
6th Mar 2013 08:58
Strong performances from Vodafone, Admiral and Melrose helped extend gains on the FTSE 100 on Wednesday morning, pushing London's benchmark index to fresh five-year highs. The Footsie finished yesterday's session at 6,432, a level not seen since late 2007, before the financial crisis ripped through
Read moreLondon pre-open: FTSE to extend Tuesday's gains
6th Mar 2013 07:29
City sources predict the FTSE 100 will open up three points from yesterday's close of 6,432, extending Tuesday's gains into near record territory, buoyed by an all time high recorded on the Dow Jones Industrials index in the US last night. UK stocks have been propelled upwards by a combination of c
Read moreLegal & General hikes divi as sales hit record - UPDATE
6th Mar 2013 07:03
Legal & General (L&G), the FTSE 100-listed financial services group, hiked its dividend by a fifth after a strong rise in profits and record sales in 2012. The company proposed on Wednesday to pay shareholders a final dividend per share (DPS) of 5.69p, up 20% from the 4.74p paid out in 2011. This b
Read moreMonday broker round-up UPDATE
4th Mar 2013 07:12
Aggreko: JP Morgan takes target price from 1845p to 1870p, while reiterating a neutral rating. Anglo American: Nomura reduces target price from 1800p to 1700p and downgrades from neutral to reduce. ARM Holdings: Deutsche Bank increases target price from 400p to 445p, but still recommends selling.
Read moreLegal & General agrees huge insurance deal with BAE Systems
21st Feb 2013 07:33
FTSE 250-listed financial services company Legal & General has put in place a longevity insurance arrangement for defence and aerospace company BAE Systems' 2000 Pension Plan. The deal is the largest such arrangement ever completed in the UK. The arrangement insures the plan against the financial
Read moreMonday broker round-up UPDATE
4th Feb 2013 07:17
Antofagasta: Nomura lowers target price from 1400p to 1250p and keeps a neutral rating. Aviva Group: Barclays cuts target price from 317p to 302p leaving its underweight rating unaltered. Beazley: Berenberg starts with a target price of 217p and a buy recommendation. Big Yellow Group: UBS reduces
Read moreFriday broker round-up UPDATE
11th Jan 2013 07:01
Aberdeen Asset Management: Credit Suisse raises target price from 380p to 410p reiterating an outperform rating. Afren: Deutsche Bank cuts target price from 175p to 165p stayling with its buy rating. Ashmore Group: Credit Suisse moves target price from 380p to 375p and downgrades to underperform.
Read moreLondon midday: Corporate activity picks up, but technical resistance looms
8th Jan 2013 11:51
UK stocks are now registering slight gains - and recovering most of yesterday's scant losses - as investors opt to overlook the release of some weaker than expected economic indicators from the Eurozone. That ahead of the beginning of the formal earnings season, Stateside, later today, when alumin
Read moreLondon open: Markets flat ahead of Eurozone data
8th Jan 2013 08:24
UK stocks opened flat on Tuesday morning ahead of some key economic indicators from the Eurozone. On today's agenda, there will be unemployment figures in Italy, German factory orders as well as consumer confidence, jobless and retail sales data for the Eurozone as a whole. Market analyst Craig E
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