12th Mar 2013 07:19
Abcam:Investec shifts target price from 484p to 487p and keeps a buy recommendation. Admiral Group: UBS ups target price from 1200p to 1275p and reiterates a neutral rating. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite: Numis reduce
Read more7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read more2nd Jul 2012 09:28
Amlin: Jefferies keeps hold rating and 350p target. Avocet Mining: Numis downgrades to hold, target slashed from 230p to 130p; Westhouse Securities downgrades to neutral, target cut from 262p to 102p; JP Morgan Cazenove downgrades to neutral, target cut from 240p to 100p. Barclays: Investec mainta
Read more31st May 2011 08:53
Lloyd's of London insurer Novae has responded to press speculation and confirmed it is running the rule over its rival, Omega. "In accordance with the group's publicly stated strategy, Novae routinely reviews possible transactions and confirms that it is currently undertaking due diligence in evalu
Read more8th Apr 2011 16:24
John Makinson, a director at the publisher Pearson and chairman and chief executive of its book publishing arm Penguin, has pocketed £2.2m from the sale of shares in the company. He sold 200,000 Pearson shares at 1,106p a time leaving him with 402,815 shares. Makinson was finance director of Pears
Read more7th Apr 2011 16:58
Specialist insurance group Novae today provided a preliminary assessment for the cost of the multiple natural disasters which occurred in the first quarter of 2011, in Australia and Japan. As such, it has also warned that any current assessment is subject to change as more information becomes availa
Read more15th Mar 2011 17:05
F&C Asset Management chairman Edward Bramson's investment vehicle SIGA LP has acquired more shares in the asset management company. Bramson was appointed chairman of F&C last month after a shareholder coup removed the previous incumbent, along with another non-executive, and appointed three new di
Read more9th Feb 2011 15:51
Shares in Lloyd's insurance group Novae moved close to a 52-week high after the group said it expects full year profits to be ahead of current market consensus. The group, which has announced the closure of one of its syndicates and the roll-up of two others into Syndicate 2007, the group's ongoing
Read more10th Nov 2010 16:51
Specialist insurance group Novae has maintained progress across the group since the time of its interim results, chief executive Matthew Fosh claimed. Gross written premiums for the first nine months of 2010 were up 54% to £473.3m from £308.2m in the corresponding period of 2009. This represents
Read more21st Sep 2010 13:13
Brewing giant SABMiller is to move towards the centralised business model adopted by its multi-national rivals but this could lead to some short term volatility in the business, Nomura Securities believes. SABMiller's chief executive officer Graham McKay said in a press interview that the company w
Read more21st Sep 2010 12:41
The buy out of insurer Brit Insurance by private equity should focus attention on the remaining members of the sector, five of which are trading at a substantial discount to asset value, on top of which some also offer juicy yields, FinnCap notes. "Catlin is the most liquid, and finnCap's top pick
Read more5th Aug 2010 17:09
Specialist insurance group Novae moved back into profit at the interim stage, while net premium revenue grew by almost one-third. Profit before tax and foreign exchange movement on non-monetary items was £13.6m in the first half of 2010, compared to a loss of £2.1m at the interim stage last year.
Read more18th Jun 2010 16:28
Chief executive John Burns and head of development Simon Silver have both reduced their stakes in real estate investment trust Derwent Valley. Burns raised just over £1m from the sale of 76,000 shares at £13.30 each. Silver sold 45,000 shares at the same share price and raised just short of £600,0
Read more11th Jun 2010 10:51
By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--An indicative takeover offer for Brit Insurance Holdings NV (BRE.LN) this week, though rejected by the company, could herald the start of merger-and-acquisition activity in the U.K.'s non-life insurance sector. Brit Insuranc
Read more11th May 2010 16:40
Newly appointed non-executive chairman Sir Roy Gardner has invested nearly £500,000 in social housing repairs group Connaught. He has bought 158,808 shares at 314.8p a share. He did not own any shares prior to the purchase. Sir Roy is an ex-chief executive of Centrica and the current chairman of
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