21st Oct 2014 11:38
Decent gains in the financial, energy and retail sectors helped the FTSE 100 rise strongly on Tuesday, despite some mixed blue-chip earnings and economic data from China. Also helping sentiment were reports that the European Central Bank is considering buying corporate bonds on the secondary market.
Read more17th Oct 2014 07:40
Thanks to a weak performance from Japan and a mixed picture in the US overnight, London-listed stocks are expected to move lower once again at Friday's opening bell. City sources predict the FTSE 100 will open around 10 points below Thursday's close of 6,195.91. US stocks rebounded on Thursday on b
Read more9th Oct 2014 07:42
Investment, savings and insurance group Old Mutual said it hopes to make $308m from the initial public offering (IPO) of its asset management arm in New York on Thursday. OM Asset Management's shares will be offered at $14 each, slightly lower than the initial expected range of between $15 and $17 o
Read more30th Sep 2014 09:50
Aberdeen: Goldman Sachs ups target price from 540p to 560pp retaining a buy recommendation. African Barrick Gold: Deutsche Bank moves target price from 270p to 280p and reiterates a hold recommendation. Investec lowers target price from 260p to 258p, while upgrading to buy. African Minerals: Invest
Read more23rd Sep 2014 11:23
Old Mutual has launched the initial public offering of its subsidiary, OM Asset Management, which is the holding company of its US-based institutional asset management business. The group revealed it is planning to sell 22m shares in the business, equal to a stake of 18.3%, at a range of between
Read more23rd Sep 2014 09:36
AVEVA: JP Morgan reduces target price from 2450p to 1825p, while leaving its overweight rating unchanged. African Minerals: Credit Suisse reduces target price from 120p to 25p, while leaving its neutral rating unchanged. Aviva: Goldman Sachs ups target price from 490p to 515p and reiterates a neutr
Read more13th Aug 2014 15:31
Poorly-received first-half numbers from Admiral were dragging the non-line insurance sector lower on Wednesday, while life insurers were given a boost by Prudential. Admiral's shares were down 6% at 1,365p in afternoon trade after the car insurance group said that turnover in the first half was dow
Read more7th Aug 2014 14:10
Shares in bottling firm Coca-Cola HBC sank over 3% on Thursday after saying unfriendly consumer sentiment and foreign exchange headwinds looked unlikely to improve during 2014 as it downgraded its volume expectations for the year as a whole. Financial services group Old Mutual declined after saying
Read more7th Aug 2014 12:10
- CCH, Old Mutual, Randgold, Mondi disappoint - Russia-West tensions high after food import ban - BoE holds rates, ECB expected to do same techMARK 2,711.50 -0.13% FTSE 100 6,619.52 -0.25% FTSE 250 15,244.89 -0.12% UK stocks were trading at their lowest levels since mid-April on Thursday morning w
Read more7th Aug 2014 10:34
- Adjusted operating profit down 5% - Rand 25% weaker than 1H13 - interim dividend up 17% South Africa-focused financial services group Old Mutual's bottom line suffered from a weaker rand in the first half, though the company hiked its interim dividend by 17%. Amid a "difficult economic backdrop"
Read more7th Aug 2014 09:06
- BoE, ECB decisions in focus - Russia bans food imports from US, EU - Rio Tinto leads mining stocks higher, but Randgold drops techMARK 2,709.84 -0.19% FTSE 100 6,616.42 -0.30% FTSE 250 15,237.15 -0.17% UK stocks were closing in on a four-month low on Thursday morning as investors turned cautious
Read more5th Aug 2014 11:57
- Aggreko, Standard Life, Old Mutual rise after results - Meggitt, IHG and Fresnillo disappoint - UK services PMI, Eurozone retail sales beat forecasts - Chinese services PMI drops to key 50-point mark techMARK 2,734.64 -0.25% FTSE 100 6,702.33 +0.37% FTSE 250 15,370.24 +0.05% UK stocks advanced o
Read more5th Aug 2014 09:11
Shares in Old Mutual made gains early on Tuesday after the financial services group's South African banking subsidiary reported a big increase in profits for the first half. Nedbank, in which Old Mutual owns a 52% stake, saw headline earnings rise by 17.5% to 4.599bn rand (£256m) in the six months
Read more5th Aug 2014 09:07
- Aggreko, Standard Life and Old Mutual impress with results - Meggitt, IHG and Fresnillo disappoint - Chinese services sector stagnates techMARK 2,742.52 +0.04% FTSE 100 6,708.32 +0.46% FTSE 250 15,415.40 +0.34% Strong gains from Aggreko, Standard Life and Old Mutual helped the FTSE 100 higher on
Read more15th Jul 2014 08:53
Admiral Group: Numis moves target price from 1710p to 1720p, while downgrading from buy to add. African Barrick Gold: UBS initiates with a target price of 260p and a buy recommendation. Ashtead Group: Berenberg initiates with a target price of 1110p and a buy recommendation. British American Taba
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