Monday broker round-up UPDATE
10th Jun 2013 07:34
ASOS: HSBC Holdings increases target price from 3660p to 4380p and keeps an overweight rating. Bellway: Deutsche Bank raises target price from 1482p to 1503p and reiterates a hold recommendation. Betfair Group: Citi ups target price from 880p to 950p, upgrading from neutral to buy. Capco: UBS inc
Read moreLancashire names Portfolio Manager for capital management division
4th Jun 2013 07:23
FTSE 250-listed global provider of speciality insurance products Lancashire has appointed Mathieu Marsan as Portfolio Manager and Actuary of the Lancashire Capital Management division. The group said that Marsan had more than 13 years of insurance and investment experience, having previously spent
Read moreMonday broker round-up UPDATE
20th May 2013 08:32
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating. Amlin: Morgan Stanley ups target price from 428p to 469p, while maintaining an overweight rating. Anite: Espirito Santo cuts target price from 180p to 165p retaining a buy recommendation. Ashtead Group: UBS takes
Read morePetrofac heads stock up as group unveils growth predictions
17th May 2013 16:10
Both the Chairman and the Chief Financial Officer of Petrofac bought shares on Thursday, the same day the company predicted modest growth in net profits for the year. In an announcement issued Friday, it was reported that Norman Murray and Tim Weller bought 7,500 and 7,454 shares respectively. M
Read moreFTSE 250 movers: Construction and house building groups rise on Budget
20th Mar 2013 16:05
Shares in Barratt Developments, Taylor Wimpey, Persimmon, Bellway, Redrow and Bovis Homes Group all charged higher on Wednesday afternoon after the Chancellor, George Osborne, said in his 2013 Budget speech that the government was launching a programme to help people get on, or move up, the property
Read moreLancashire Holdings appoints new division head
13th Mar 2013 07:47
Lancashire Holdings said Wednesday it has appointed Darren Redhead as Head of Lancashire Capital Management division. Redhead has previously worked as Chief Underwriting Officer of D.E. Shaw Re (Bermuda), a hedge fund-backed property catastrophe reinsurer. He has also served as Syndicate Deputy U
Read moreNon-exec at Lancashire Holdings sells quarter of stake
6th Mar 2013 16:11
Non-executive Director Neil McConachie sold 25,000 shares in Lancashire Holdings this week, it was announced Wednesday. Neil McConachie disposed of the shares at 913.00p each for a total of £228,250. The transaction comes two weeks after the insurance group announced that it will return $170m to
Read moreWednesday broker round-up UPDATE
6th Mar 2013 07:03
Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter
Read moreRolls Royce director sells stake worth almost two million pounds
4th Mar 2013 14:52
The President and Chief Executive Officer of Rolls-Royce North America, James Guyette, on Friday sold 1.966m pounds-worth of shares in the global power systems company, just two weeks after it delivered a 24 per cent leap in annual profits. Guyette, who was appointed to the board in January 1998,
Read moreFriday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreLancashire to pay special dividend
21st Feb 2013 08:50
Insurance group Lancashire Holdings said Thursday that it will return 170m dollars to shareholders by way of a special dividend, as the company gained 'significant excess headroom', saying the market looks broadly flat following the loss from Hurricane Sandy. The payment is equal to $1.05 per shar
Read moreTuesday broker round-up UPDATE
15th Jan 2013 07:17
African Barrick Gold: Investec lowers its target price from 526p to 405p, while upgrading from hold to buy. ARM Holdings: Morgan Stanley raises its target price from 725p to 911p, while downgrading to equal-weight. Investec ups target price from 800p to 900p and downgrades from buy to hold. Aurum
Read moreLondon close: Stocks finish flat on US budget uncertainty
20th Dec 2012 16:52
The FTSE 100 index finished broadly flat on Thursday afternoon, taking a pause of two days of decent gains, with the focus remaining on the US 'fiscal cliff' ahead of the Christmas holiday. Even a positive surprise in US gross domestic product (GDP) failed to give markets a boost. The American econ
Read moreFTSE 250 movers: Vesuvius gains after de-merger
20th Dec 2012 16:10
Vesuvius, the de-merged Engineered Ceramics division of former FTSE 250 group Cookson, surged on Thursday, on day after its split from the chemicals division (now called Alent) became effective. In a research report yesterday, Investec gave the stock a 'hold' rating but expressed optimism regarding
Read moreLondon midday: Stocks pause on 'fiscal cliff' concerns
20th Dec 2012 11:54
UK stocks traded broadly sideways on Thursday morning with 'fiscal cliff' uncertainty dashing hopes that a deal between US politicians can be struck before Christmas. Trade was cautious in London this morning with just 14 points separating the Footsie's intraday low and high. Stocks finished sligh
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