Thursday tips round-up: Logica, CSC, Rightmove
6th May 2010 06:06
Put Logica among the likely losers from a hung Parliament. The Government is by far the biggest customer of the IT services provider in its home market, accounting for 62 per cent of last year's UK sales. The company works on big-ticket technology projects for the Crown Prosecution Service, the Poli
Read moreLancashire secures $200m credit facility
26th Apr 2010 08:56
Insurance company Lancashire Holdings has sealed a $200m two year credit facility with LloydsTSB Bank. The facility will be used to support obligations under reinsurance liabilities of the company's wholly owned subsidiary, Lancashire Insurance Company Limited. "This facility boosts the long-term
Read moreLondon close: Footsie suffers hiccup
4th Mar 2010 16:40
The blue chip index failed to stretch its winning streak to a fifth session, falling for the first time this week on negative results reaction and downbeat miners. It held above 5,500 all day despite coming close just after trade began and towards the end of play. Engineering and project managemen
Read moreLondon afternoon: Stocks are becalmed
4th Mar 2010 14:13
It's been an up and down day for the blue-chip index although the Footsie has rarely strayed far from its overnight level. As expected, the Bank of England has held interest rates at 0.5% and taken no further action on quantitative easing (QE) amid conflicting signals over the state of the UK econo
Read moreFTSE 250 movers: Spirax-Sarco steams ahead
4th Mar 2010 13:54
Spirax-Sarco, the engineer that provides services and products for steam-using and specialist peristaltic pumping markets, is higher after it posted record sales and profits in 2009, with a large helping hand from the weakness of sterling. Fellow engineer IMI is also posting strong gains. The compa
Read moreLancashire not sure of earthquake exposure
4th Mar 2010 08:51
Shares in insurance company Lancashire Holdings took a step back on Thursday as the company said it was too soon to gauge the effects on first quarter results of the Chilean earthquake. The company said it has exposures to risks in Chile in the following classes: onshore energy, property retrocess
Read moreCRH director builds a stake
11th Aug 2009 17:01
John Kennedy, a non-executive director at the Irish building materials firm CRH has taken a stake in the firm, buying about €17,400 (£14,850) worth of shares. He paid €17.42 each for 636 shares, €17.40 for 296 shares and €17.43 for 68 shares yesterday. The purchase represents his only holding in t
Read moreLancashire Holdings profits rise
7th Aug 2009 08:28
Insurer Lancashire Holdings posted a rise in half-year profits as it saw strong overall premium growth in the last quarter. Pre-tax profit for the six months rose to $148.2m from $136.2m. Gross written premiums was flat at $384m but in the second quarter it rose 23% to $241.9m. Net written premiums
Read moreLancashire doubles profits
29th Jul 2009 15:28
Insurer Lancashire Holdings hailed a good second quarter performance despite a weaker than expected return from the Gulf of Mexico market. Richard Brindle, group chief executive of Lancashire, expressed surprise at the lower demand for Gulf of Mexico energy hurricane cover, which significantly redu
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