Old Mutual reports solid growth in challenging market
27th Mar 2024 10:14
(Sharecast News) - Old Mutual reported notable growth in its results for 2023 on Wednesday, including a 14% increase in results from operations, reaching ZAR 8.34bn (£349.18m), and a 21% rise in adjusted headline earnings to ZAR 5.86bn.
Read moreOld Mutual H1 earnings expected to grow at least 65%
11th Aug 2022 09:07
(Sharecast News) - Insurance firm Old Mutual said on Thursday that interim earnings were expected to increase no less than 65% year-on-year.
Read moreOld Mutual FY operational and financial performance recovers in 2021
23rd Feb 2022 07:52
(Sharecast News) - Savings, insurance and banking firm Old Mutual said on Wednesday that its operational and financial performance in 2021 had demonstrated "a strong recovery" from the impacts of the Covid-19 pandemic.
Read moreMortality claims and vaccine hesitancy a concern for Old Mutual
23rd Nov 2021 10:24
(Sharecast News) - Old Mutual reported an 18% improvement in life annual premium equivalent (APE) sales in an unscheduled trading update on Tuesday, to ZAR 8.14bn (£390m).
Read moreProfits strengthen at Old Mutual despite third wave
23rd Jun 2021 08:08
(Sharecast News) - Old Mutual reported a rise in profits on Wednesday, but cautioned that South Africa's economic recovery could be hindered by a third wave of Covid-19 infections and the slow pace of the continent's vaccination programme.
Read moreThursday broker round-up
25th Mar 2021 13:07
(Sharecast News) - Keywords Studios: Berenberg upgrades to buy with a target price of 3,110p.
Read moreOld Mutual predicts H1 loss as Covid-19 hits trading
24th Aug 2020 09:55
(Sharecast News) - Old Mutual predicted it would suffer a first-half loss after the insurer was affected by weak sales and rising claims caused by the Covid-19 crisis.
Read moreTuesday broker round-up
26th May 2020 13:50
(Sharecast News) - Greencore Group: Peel Hunt reiterates hold with a target price of 130p.
Read moreOld Mutual terminates chief executive officer's employment
18th Jun 2019 08:32
(Sharecast News) - The board of Old Mutual terminated the employment of its chief executive officer Peter Moyo, alleging that he breached his contractual obligations with the South African financial services group when, as chairman of NMT Capital, he benefitted personally from two dividend payments that it believed to be in breach of Old Mutual's rights as a preference shareholder.
Read moreLondon close: FTSE gains on financials as US consumer inflation surprises
15th Feb 2017 17:15
(ShareCast News) - London stocks ended Wednesday higher as investors considered news that UK's jobless rate held steady at end-2016, with forecast-busting US inflation numbers helping boost global markets led north by financials. The FTSE 100 ended the session up 0.47% or 33.85 points at 7,302.41, s
Read moreLondon close: Blue chips, mid caps end higher as miners rally with copper prices
13th Feb 2017 17:17
(ShareCast News) - UK blue chips and mid caps chimed Monday's close on a positive note, with the latter at yet another record high, as mining-related stocks surged alongside the price of the industrial-favourite copper. Prices for the 'red metal' pushed higher at the start of the week on expectatio
Read moreOld Mutual said to receive approaches for asset management stake
13th Feb 2017 11:39
(ShareCast News) - Insurer Old Mutual is said to have received new approaches for its $900m controlling stake in its US asset management arm. The Financial Times cited four people briefed about the discussions as saying that the company has held preliminary talks with China's HNA Group, and US priva
Read moreOld Mutual Asset Management prices at $14.24 per share
14th Dec 2016 07:15
(ShareCast News) - After announcing that it is to float two thirds of the asset management business on Tuesday, Old Mutual confirmed it will sell the initial 13m shares at $14.24 in a public offering expected to close on 19 December. The FTSE 100 company said in March it will split into four parts b
Read moreOld Mutual to float two thirds of asset management business
13th Dec 2016 07:14
(ShareCast News) - Old Mutual will float two thirds of its asset management business on the London Stock Exchange for what is expected to be around $1.1bn and then continue to reduce it holdings, using the proceeds for "general corporate purposes". Some 13m shares will be sold in the public offering
Read moreMonday broker round-up
12th Dec 2016 15:55
(ShareCast News) - Greencore: Berenberg reiterates buy with a target price of 350p. Talk Talk: UBS reiterates neutral, 160p target. Barclays: JP Morgan reiterates neutral with a 215p target. Bunzl: Deutsche Bank reiterates buy with a 2450p target. Old Mutual: Barclays downgrades to equal-weight w
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