Millennium and Copthorne Hotels non-exec makes sale
4th Apr 2012 15:45
Richard Hartman, a Non-Executive Director of FTSE 250 firm Millennium and Copthorne Hotels, sold 132,694 shares in the company on April 3rd at a price of 478.00p each. The £634,277 transaction followed the vesting of around 479,000 shares under the firm's long term incentive plan on March 30th 200
Read moreMonday broker round-up - UPDATE
19th Mar 2012 09:37
Antofagasta: Exane BNP Paribas upgrades from neutral to outperform, target lifted from 1,200p to 1,450p; Nomura cuts target to 1,500p from 1,650p, buy rating unchanged. AstraZeneca: Goldman Sachs cuts target from 3,350p to 3,306p, neutral rating kept. Barclays: UBS raises target from 240p to 272p,
Read moreBroker tips: Legal&General, IMI, Compass
15th Mar 2012 12:33
Nomura has today raised its target price on Legal&General to 182p from 180p, adding that they continue to be buyers. They begin their research note by calling attention to the success of its so-called ´capital-light strategy´ at growing its asset management and unit-linked savings business, which
Read moreBroker snap: Nomura remains a buyer of L&G, sees scope for increased dividends
15th Mar 2012 12:26
Nomura analysts have this afternoon issued an up-beat assessment of Legal&General´s 2011 full-year results. They begin by calling attention to the success of its so-called ´capital-light strategy´ at growing its asset management and unit-linked savings business, which contributed the major part of
Read moreLondon close: Miners drag Footsie into the red
14th Mar 2012 16:40
- Miners outweigh financials to drag Footsie lower - Fed expects 'moderate' growth in 2012 - Osborne considering 100-year gilts UK stocks finished the day slightly lower on Wednesday despite an earlier rise as steep falls in the mining sector offset a strong performance by the banks and insurers. T
Read moreSector movers: Vodafone drags telecoms lower
14th Mar 2012 16:18
The mobile telecommunications sector was the worst performer of the day with stocks falling an average 1.96%. Vodafone was a major reason, with the telecoms giant falling 2.2% before the close of trade on Wednesday after being downgraded by Exane BNP Paribas from neutral to underperform. The broker
Read moreFTSE 100 movers: Legal and General divi rise sends shares soaring
14th Mar 2012 14:07
The legion of income investors holding shares of Legal and General were cheered by the insurance leviathan's decision to bump up the 2011 dividend by more than a third, well ahead of market expectations. The final dividend in respect of fiscal 2011 has been increased by a whopping 39% to 4.74p per
Read moreBroker tips: Legal and General, Tullow Oil, Marston's
14th Mar 2012 12:06
Nomura has reiterated its buy recommendation and 180p target price for insurance group Legal and General after its 2011 results came in ahead of consensus expectations in key areas. Nomura says the focus of the results was on the dividend, which was raised by 35% to 6.4p, surpassing expectations of
Read moreLondon midday: Financials jump despite jobs data
14th Mar 2012 11:43
- UK unemployment on the rise - Banking stocks lifted by US stress test results - Legal and General beats forecasts in 2011 Stocks held on to earlier gains by lunchtime on Wednesday despite some gloomy jobs data. Financials were leading the rise, buoyed by the results of the stress tests in the US
Read moreBroker snap: Nomura happy with L and G's results
14th Mar 2012 10:50
Nomura has reiterated its buy recommendation and 180p target price for insurance group Legal and General after its 2011 results came in ahead of consensus expectations in key areas. The group generated an IFRS operating profit of £1,056m, from £1,002 in 2010, and just ahead of estimates of £1,042m.
Read moreWednesday broker round-up
14th Mar 2012 10:02
Antofagasta: Fox-Davies upgrades from sell to hold, target lifted from 1,121p to 1,197p. AZ Electronic Materials: Goldman Sachs upgrades from buy to conviction buy, target raised from 380p to 440p. Close Brothers: UBS raises target from 690p to 750p, neutral rating kept. Computacenter: UBS raises
Read moreDivi delight at Legal and General
14th Mar 2012 08:42
The legion of income investors holding shares of Legal and General were cheered by the insurance leviathan's division to bump up the 2011 dividend by more than a third, well ahead of market expectations. The final dividend in respect of fiscal 2011 has been increased by a whopping 39% to 4.74p per
Read moreLondon open: Legal and General leads the Footsie higher
14th Mar 2012 08:28
- Legal and General jumps five per cent after solid 2011 - Majority of US banks pass stress tests - Osborne considering 100-year gilts London's blue chips rose strongly on Wednesday morning, led by financial stocks, following on from a surge on Wall Street last night. The Footsie opened up at level
Read moreLondon pre-open: FTSE to continue its winning streak
14th Mar 2012 07:29
City sources predict the FTSE 100 will open up 21 points from yesterday's close of 5,956, with investor sentiment boosted after stocks surged in the US and Fitch announced an upgrade of its rating for Greece out of default territory. All four of insurance leviathan Legal and General's operating b
Read moreLegal and General hikes divi by more than a third
14th Mar 2012 07:05
All four of insurance leviathan Legal and General's operating business divisions delivered increased sales, cash generation and profits in 2011. Although operating profit in 2011 rose to £1,056m from £1,002m the year before, profit before tax eased to £956m from £1,092m in 2010, below market expect
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