8th Nov 2016 17:12
(ShareCast News) - Old Mutual chief Bruce Hemphill sold a hefty amount of shares amid ongoing doubts in the marketplace about whether the insurer would finally choose to sell its UK wealth management unit, possibly opting instead for a listing. On 20 September, and citing persons familiar with the m
Read more20th Sep 2016 14:54
(ShareCast News) - Old Mutual may hold off from listing its UK wealth management unit as a result of the mounting costs of upgrading its investment platform. Its managers were now leaning towards a sale, Bloomberg reported, citing a person familiar with the matter. However, the preferred option of
Read more11th Aug 2016 07:58
(ShareCast News) - Old Mutual posted its interim results for the six months to 30 June on Thursday, amid a managed separation into four different entities. The FTSE 100 firm said the macro-environment had been challenging, with a weaker South African rand against the first half of 2015 and lower ave
Read more10th Aug 2016 12:41
(ShareCast News) - Old Mutual reports its first half results on Thursday with the focus on any updates on plans to carve up the business. The group is planning to split the business into four parts: Old Mutual Wealth, South African lender Nedbank, the South African Old Mutual Emerging Markets busine
Read more9th Aug 2016 08:38
(ShareCast News) - Investment bank Old Mutual is to sell its Old Mutual Wealth Italy subsidiary to insurance company Ergo Italia, which is owned by private equity firm Cinven, for €278m. The sale is expected to be completed in the next six months is part of Old Mutual's strategy to divest its Contin
Read more5th Aug 2016 10:09
(ShareCast News) - Pets at Home: HSBC reiterates buy with a target price of 295p. BT: UBS maintains neutral with a 425p target. Aviva: Exane BNP Paribas reiterates underperform with a 400p target. Inmarsat: HSBC stays at hold with a 940p target. Cairn Energy: UBS upgrades to buy with a target pri
Read more1st Aug 2016 07:37
(ShareCast News) - Old Mutual's majority-owned South African banking subsidiary Nedbank released its interim results for the six months ended 30 June on Monday, with headline earnings growth of 2% to ZAR 5.427bn (£294.56m). The FTSE 100 firm said that excluding Ecobank Transnational Incorporated (ET
Read more28th Jul 2016 07:48
(ShareCast News) - Old Mutual announced on Thursday morning that its OM Asset Management division has made underwritten public offerings of $400m aggregate principal amount of senior notes, consisting of $275m of senior notes due 2026 - the 'Institutional Notes' - and $125m of senior notes due 2031
Read more27th Jul 2016 14:35
(ShareCast News) - Electronic & electrical equipment was among the top-performing FTSE 350 sectors on Wednesday, with constituents Renishaw and Morgan Advanced Materials rising on earnings news. Engineering firm Renishaw reported a 44% slump in full-year pre-tax profit to £80m as revenue fell due to
Read more28th Jun 2016 07:33
(ShareCast News) - Old Mutual's underlying businesses may be affected by the UK's vote to leave the European Union, the company said on Tuesday. The financial services company added that expected headwinds of weaker and more volatile foreign exchange and equity markets have materialised. "However,
Read more14th Jun 2016 13:01
(ShareCast News) - Old Mutual's asset management business, OM Asset Management, will buy a 60% stake in secondary private equity, real estate and real asset investment firm Landmark Partners. It will pay around $240m in cash at closing, with the potential for an additional payment based on the growt
Read more2nd Jun 2016 13:33
(ShareCast News) - Car dealer Vertu Motors has had a "Buy" opinion placed on it by the Telegraph's Questor column, which cites likely improvements to next year's results and broker upgrades after news of a recent deal. The Gateshead-based outfit said on Wednesday that it had nabbed five car deale
Read more24th May 2016 07:31
(ShareCast News) - Old Mutual confirmed on Tuesday that it has received approaches from third parties to acquire its 66% stake in OM Asset Management (OMAM), and that it is continuing to assess its options with regard to the preferred route to effect the managed separation announced in March. "As a
Read more16th May 2016 18:20
(ShareCast News) - South Africa Finance Minister Pravin Gordhan faces potential arrest and prosecution for alleged "espionage" after the country's Directorate for Priority Crime Investigation (DPCI) handed a case docket to the National Prosecuting Authority for a decision, a local newspaper has repo
Read more5th May 2016 13:26
(ShareCast News) - OM Asset Management, the majority-owned subsidiary of Old Mutual, said first quarter economic net income fell 14.2% year on year to $32m, or $0.27 per share. Assets under management rose 2.6% from the final quarter of 2015 to $218bn. Net client cash flows (NCCF) for the quarter we
Read more