Legal & General signs first annuity deal outside UK
29th Apr 2013 08:11
Legal & General has signed a deal to reinsure 136m euros of New Ireland Assurance's existing and future annuity business. The insurance and investment company said the agreement with New Ireland was its first annuity transaction outside the UK, allowing it to expand its reach to new markets. The r
Read moreFTSE 100 movers: Standard Life soars after beating analyst expectations
24th Apr 2013 15:09
Insurance giant Standard Life was a strong riser after beating analysts' predictions in the first quarter after delivering strong sales and group assets under administration. The group recorded a 24% increase in long-term savings sales to £6.3bn and a 26% increase in long-term savings net flows to
Read moreLondon midday: Stocks flat as ECB rate cut speculation ramps up
24th Apr 2013 11:49
Stocks had trimmed gains and were trading broadly flat by Wednesday lunchtime as markets gave a mixed reaction to weak economic data from Germany with traders guessing at whether the figures will prompt the European Central Bank (ECB) to cut interest rates. However, the cautious mood on market this
Read moreMonday broker round-up UPDATE
22nd Apr 2013 07:20
Admiral Group: Deutsche Bank takes target price from 1140p to 1300p retaining a hold recommendation. African Barrick Gold: Deutsche Bank ups target price from 173p to 180p staying with its hold recommendation. Albemarle & Bond: Canaccord Genuity reduces target price from 280p to 146p and downgrade
Read moreFriday newspaper round-up: Vodafone, Aviva, Vedanta...
19th Apr 2013 06:55
"One of the biggest corporate deals in history edged closer yesterday after Verizon said that it was 'extremely confident' it could buy Vodafone's stake in North America's largest mobile network without triggering a huge tax bill," The Times says. Vodafone owns a 45 per cent stake in Verizon Wireles
Read moreWednesday broker round-up UPDATE
17th Apr 2013 07:20
African Barrick Gold: Deutsche Bank cuts target price from 230p to 173p, while its hold recommendation is reiterated. Ashmore Group: Morgan Stanley raises target price from 395p to 444p and maintains an equal-weight rating. Ashtead Group: Jefferies increases target price from 615p to 690o and reit
Read moreMonday broker round-up UPDATE
15th Apr 2013 09:50
African Barrick Gold: Citigroup cuts target price from 267p to 175p and keeps its sell recommendation. African Minerals: Goldman Sachs lowers target price from 420p to 410p keeping a buy recommendation. Citigroup moves target price from 440p to 430p and retains a buy recommendation. Anglo American
Read moreLondon midday: FTSE 100 snaps four-day winning streak
12th Apr 2013 11:55
The FTSE 100 was pulling back on Friday morning after four consecutive days of gains as investors turned cautious ahead of a meeting of Eurozone finance ministers in Dublin. Results due out from US banking giants JPMorgan Chase and Wells Fargo later today were also making markets nervous, with stoc
Read moreLondon open: Stocks fall ahead of Eurozone meeting
12th Apr 2013 08:40
Renewed concerns about the Eurozone were weighing on markets on Friday morning with the FTSE 100 pulling back after four consecutive days of gains ahead of a meeting of European finance ministers later today. It was revealed yesterday in a draft of the updated rescue plan for Cyprus that the countr
Read moreFriday broker round-up UPDATE
12th Apr 2013 07:25
Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in
Read moreLow & Bonar CEO and Finance Director trade in shares from LTIP
11th Apr 2013 16:13
Steve Good, the Group Chief Executive of materials group Low & Bonar, has sold a significant portion of the 1.4m shares that recently vested under the company's long-term incentive plan. Of these, he sold 908,676, taking his total stake in the company to 919,098. Mike Holt, the group's Finance Di
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreLondon midday: Markets still nervous after Cypriot bailout
26th Mar 2013 11:57
Markets were rangebound on Tuesday morning, making only slight gains, with concerns about Cyprus still very much in focus following the comments made by the head of the Eurogroup yesterday. Following the €10bn deal to bail out Cyprus at the weekend, which involved forcing big losses on uninsured de
Read moreLondon open: Markets flat with focus on Cyprus, US data
26th Mar 2013 08:25
Markets opened more or less flat on Tuesday with sentiment still fragile following the Cypriot bailout and investors showing caution ahead of some key economic data from the US. Durable-goods orders, the S&P/Case-Shiller Home Price Index, new home sales and consumer confidence figures are all due o
Read moreLegal & General acquires Cofunds Holdings
26th Mar 2013 07:28
Legal & General, which provides insurance and investment services, has agreed to acquire a 75 per cent interest in UK fund platform Cofunds Holdings for 131m pounds. Cofunds will be paid for using Legal & General's existing cash resources and will boost the company's digital offering, identified a
Read more