Reeken Patel joins Novae as finance chief
17th Jan 2017 09:44
(ShareCast News) - Novae Group announced the appointment of Reeken Patel as executive director and group chief financial officer, on Tuesday. The London-listed company said the appointment remained subject to regulatory approval. "Patel has an outstanding track record as a member of the executive t
Read moreNovae shares plunge as Canaccord cuts rating to 'hold' after FY warning
8th Dec 2016 10:20
(ShareCast News) - Shares in Lloyd's of London insurer Novae Group plunged on Thursday as Canaccord Genuity downgraded its recommendation to 'hold' from 'buy' and cut the target price to 800p from 900p. The downgrade came after Novae warned that larger individual risk and catastrophe losses in the y
Read moreLloyd's Novae remains "confident" about Brexit as profit soars
3rd Aug 2016 12:31
(ShareCast News) - Lloyd's insurance underwriting company Novae said it was cautious about Brexit but remained "confident" that a London insurance company outside of the EU can flourish, as it reported a rise in half year profits. Novae, an underwriting business at Lloyd's of London, has access to t
Read moreWednesday broker round-up
2nd Mar 2016 16:45
(ShareCast News) - Just Eat: JP Morgan reiterates overweight with a target price of 393p and Investec reiterates buy with a target price of 479p. Capital & Counties Properties: Morgan Stanley downgrades to underweight with a target price of 330p. Rightmove: Jefferies upgrades to hold with a target
Read moreNovae profits down on foreign exchange movements
5th Aug 2015 15:16
(ShareCast News) - Insurance business Novae posted a 20% fall in first half pre-tax profits due to foreign exchange movements. The company posted first half profit before tax of £16.9m, a 20.6% decline year-on-year after adverse foreign exchange movements had a £12.1m impact on the balance sheet. T
Read moreSector movers: RSA drags non-life insurers lower as results underwhelm
26th Feb 2015 15:14
Underwhelming results from RSA were weighing down on the non-life insurance sector on Thursday despite the FTSE 100 company swinging to a profit and recommencing its dividend payment. RSA, the third-largest insurer in the UK, reported a pre-tax profit of £275m for 2014, compared with a £244m loss th
Read moreWednesday broker round-up UPDATE
21st May 2014 08:36
African Minerals: Citi reduces target price from 260p to 190p, while leaving its buy recommendation unchanged. Alliance Pharma: Numis lowers target price from 39p to 37p and maintains an add rating. APR Energy: JP Morgan shifts target price from 1082p to 1089p keeping its overweight rating. Astra
Read moreFriday broker round-up UPDATE
7th Mar 2014 09:39
AGA Rangemaster: N+1 Singer ups target price from 175p to 192p and maintains a buy recommendation. Aggreko: JP Morgan lowers target price from 1542p to 1536p and maintains a neutral rating. Goldman Sachs increases target price from 1876p to 1950p and keeps a buy recommendation. Numis upgrades to re
Read moreThursday broker round-up UPDATE
23rd Jan 2014 09:12
Afren: Investec ups target price from 170p to 200p and maintains a buy recommendation. AG Barr: Investec raises target price from 585p to 620p retaining an add rating. Canaccord Genuity ups target price from 630p to 650p and keeps a buy recommendation. Arbuthnot: Numis downgrades from add to hold
Read moreThursday broker round-up UPDATE
16th Jan 2014 08:59
Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell
Read moreSector movers: ARM lifts tech stocks, RSA weighs down insurers
13th Dec 2013 15:25
Technology stocks were making gains on Friday on hopes of new business for microchip designer ARM Holdings, while the non-life insurance sector was dragged lower by a sell-off at RSA Insurance. ARM was the best performer on the FTSE 100 in afternoon trade, up 3.8% at 1,009p, after Bloomberg reporte
Read moreFriday broker round-up UPDATE
8th Nov 2013 09:21
Abcam: Canaccord Genuity moves target price from 396p to 386p and keeps a sell recommendation. N+1 Singer shifts target price from 450p to 445p downgrading to sell. Aberdeen Asset Management: Jefferies lowers target price from 440p to 430p and reiterates a hold recommendation. Anglo American: Gold
Read moreWednesday broker round-up UPDATE
7th Aug 2013 08:57
Antofagasta: Canaccord Genuity ups target price from 1000p to 1035p leaving its buy recommendation unchanged. BBA Aviation: JP Morgan increases target price from 289p to 343p retaining an overweight rating. UBS moves target price from 250p to 280p and reiterates a neutral rating. Liberum Capital ra
Read moreWednesday broker round-up UPDATE
22nd May 2013 09:37
Afferro Mining: Panmure Gordon reduces target price from 279p to 100p, while keeping its buy recommendation. Amara Mining: Westhouse Securities cuts target price from 110p to 90p retaining a buy recommendation. Amlin: Westhouse Securities moves target price from 455p to 470p and upgrades to add.
Read moreWednesday broker round-up UPDATE
13th Mar 2013 08:28
Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price from 255p to 195p and keeps a sell recommendation. Antofagasta: Deutsche Bank lowers target price from 1260p to 1150p, while staying with its hold r
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