FTSE 100 movers: Oil prices sink blue chip market
15th Jan 2016 14:29
(ShareCast News) - The FTSE 250 is set to end the week on a sour note, with the blue chip market sitting down 119.49 points (2.02%) at 5,798.74 by mid-afternoon Friday. Falling oil prices affected most of the market's biggest fallers, as oil stayed below $30 a barrel. That hit the mining sector, esp
Read moreFTSE 100 movers: New Standard Chartered executive bolsters share price
17th Dec 2015 13:55
(ShareCast News) - The FTSE 100 was buoyed by yesterday's Fed rate hike, climbing 47.79 points (0.79%) to 6,108.98 by mid-afternoon Thursday. Standard Chartered's share price was bolstered after news around lunchtime that it has hired HSBC veteran Simon Cooper to head up its corporate and institutio
Read moreFTSE 100 movers: Old Mutual rebound continues
15th Dec 2015 13:58
(ShareCast News) - The FTSE was on track to reverse Monday's losses, with the blue chip market up 124.93 points (2.13%) mid-afternoon Tuesday to 5,998.99 points. Old Mutual continued to rebound after last week's losses due to political issues in South Africa. A broker downgrade and weaker rand weig
Read moreTuesday newspaper share tips: Old Mutual still highly exposed
15th Dec 2015 11:14
(ShareCast News) - The Telegraph's Questor was keeping an eye on the very volatile Old Mutual on Tuesday. The shares started to rebound on Monday after last week's losses due to political issues in South Africa. A broker downgrade and weaker rand weighed on the stock on Thursday last week, compound
Read moreFTSE 100 movers: Old Mutual claws back last week's losses
14th Dec 2015 13:58
(ShareCast News) - The FTSE 100 has started the week on a rollercoaster, shifting between positive and negative territory throughout the day. The market was back in the green by mid-afternoon Monday, up 7.63 points (0.13%) Old Mutual rebounded after last week's losses due to political issues in Sou
Read moreFTSE 100 movers: Political issues in South Africa hit Old Mutual again
11th Dec 2015 14:25
(ShareCast News) - The FTSE 100 has failed to regain any traction on the week, with the blue chip market down 21.60 points (2.00%) to 5,966.45 by mid-afternoon Friday. Old Mutual again led the fallers, still reeling from political issues in South Africa. It's the second day of major falls for the co
Read moreFTSE 100 movers: Old Mutual hit by rand and rating downgrade, Debt plan drives Glencore up
10th Dec 2015 14:07
(ShareCast News) - The FTSE 100 remained in negative territory on Thursday, sitting down 34.53 points (0.56%) on 6,092.15 by mid-afternoon. Old Mutual, which generates a large chunk of its profits from South Africa, sank as a broker downgrade and weaker rand weighed on the stock. The rand fell near
Read moreOld Mutual under pressure on RBC downgrade, rand slump
10th Dec 2015 09:28
(ShareCast News) - Shares in Old Mutual, which generates a large chunk of its profits from South Africa, slumped on Thursday as a broker downgrade and weaker rand weighed on the stock. The rand fell near it lowest level against the dollar since 1971 after South Africa's president unexpectedly sacked
Read moreSovereign Wealth Funds pull money from asset managers at record pace
7th Dec 2015 08:08
(ShareCast News) - The drop in commodity prices forced sovereign wealth funds to raid their piggy banks, by dipping into their funds at asset managers at a record pace. The likes of Aberdeen Asset Management, Northern Trust, Franklin Resources and Old Mutual Asset Management were among the firms aff
Read moreOld Mutual appoints former SA finance minister as non-exec director
3rd Dec 2015 09:12
(ShareCast News) - Old Mutual has appointed South Africa's former finance minister, Trevor Manuel, as a non-executive director with effect from 1 January next year. Manuel will also become non-executive chairman of holding company Old Mutual Group Holdings (OMGH) after the current chairman Paul Hanr
Read moreOld Mutual reports strong third quarter sales growth
4th Nov 2015 07:47
(ShareCast News) - Old Mutual has seen a strong growth in sales for the third quarter for the year. The FTSE 100 investment firm posted results for the three months to 30 September on Wednesday. Gross sales were up 31% on the same period in 2014 to £8.1bn, with a 45% increase in sales of its Old Mu
Read moreOld Mutual unveils new CEO, says Nedbank posts increase in Q3 profit
2nd Nov 2015 08:19
(ShareCast News) - UK insurer Old Mutual said Nedbank Group, its majority-owned South African banking subsidiary, posted an increase in net interest income for the first three quarters of the year. In the nine months to 30 September, net interest income rose 3.7% year-on-year to 17.7bn rand (£0.83bn
Read moreBarclays ups Old Mutual to 'overweight'
7th Oct 2015 15:09
(ShareCast News) - Barclays upgraded Old Mutual to 'overweight' from 'equalweight', keeping the price target at 235p, saying risks are skewed to the upside and the stock is underpriced. The bank said recent weakness in the South African rand is priced into expectations. In addition, it noted that th
Read moreOld Mutual COO Paul Hanratty to leave
15th Sep 2015 07:23
(ShareCast News) - Old Mutual's chief operating officer, Paul Hanratty, will be stepping down after thirty years with the company. The Anglo-South African life insurer said Hanratty is expected to remain on the board until the preliminary results in March 2016. He will then step down from the board
Read moreFTSE 100 movers: Financials on a flier as risk-on returns
8th Sep 2015 14:03
(ShareCast News) - The FTSE 100 index built on a strong start on Tuesday, rising 1.5% to 6,162.86 points by mid-afternoon with the financial sector leading the charge. Pensions and investment company Hargreaves Lansdown, which is due to publish results on Wednesday, and Aberdeen Asset Management tus
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