Sector movers: Insurers drop as Admiral and Aviva disappoint
9th Jul 2014 14:43
Sinking share prices of Admiral and Aviva ensured that the insurance sector was firmly in the red on Wednesday afternoon. "Insurers are feeling the brunt of the bearishness today," said Will Hedden, Premium Client Manager at IG. Motor insurance group Admiral disappointed the market with a gloomy o
Read moreOld Mutual completes Intrinsic acquisition, appoints new Customer Director
1st Jul 2014 11:32
FTSE 100 financial services group Old Mutual has completed the acquisition of Intrinsic Financial Services, one of the largest networks of financial advisers in the UK. The acquisition was carried out by Old Mutual Wealth, which comprises Skandia and Old Mutual Global Investors. The company has
Read moreFTSE 100 movers: Smith & Nephew leads top-tier index higher on M&A reports
5th Jun 2014 14:59
M&A speculation continued to boost the share price of Smith & Nephew on Thursday, as another company was reported to be interested in the medical devices firm. According to Bloomberg which cited people familiar with the matter, US peer Medtronic is in the early stages of preparing to make a bid for
Read moreLondon midday: Investors show caution ahead of ECB, ASOS leads retailers lower
5th Jun 2014 11:25
- Markets await ECB decision, Draghi with caution - BoE keeps policy unchanged - ASOS shares plummet after profit warning, retailers fall - Smith & Nephew jumps on continued M&A speculation techMARK 2,820.75 -0.07% FTSE 100 6,796.31 -0.33% FTSE 250 15,939.53 -0.29% UK stocks were in the red on Thu
Read moreOld Mutual Wealth agrees to sell Skandia Poland
30th May 2014 10:26
FTSE-100 listed financial services group Old Mutual announced it has sold its Skandia Poland part of Old Mutual Wealth, to Vienna insurance group Wienner Versichreung. The sale was announced in November last year and is part of the group's plans to simplify operations in Europe and to focus on a nu
Read morePremier Foods Senior Independent Director adds 200,000 to stake
16th May 2014 16:10
Ian Krieger, the Senior Independent Director of Premier Foods, acquired 200,000 shares in the food manufacturing, processing and distribution group. Krieger, who joined the company in late 2012, paid 54.25p a share, spending a total of £108,500. Last month the company reported lower sales of its
Read moreFTSE 100 movers: LSE climbs on revenue rise
15th May 2014 15:29
LSE rose strongly after it reported a 10 per cent rise in annual revenue to 1.1bn pounds helped by the acquisition of LCH.Clearnet business. While profits fell on the back of higher expenses due to the purchase, the company said it has identified significant cost savings as part of the integration.
Read moreLondon midday: Markets post small gains amid earnings, ECB speculation
15th May 2014 11:43
- ECB speculation picks up after weak GDP - LSE jumps after strong annual results - Aviva, Old Mutual disappoint with earnings - Thomas Cook leads travel sector lower techMARK 2,781.23 -0.42% FTSE 100 6,889.08 +0.15% FTSE 250 15,857.35 -0.73% UK stocks were fluctuating at 14-year highs on Thursday
Read moreLondon open: LSE leads stocks higher as FTSE 100 extends gains
15th May 2014 08:40
- LSE leads financial stocks higher - Dixons and Carphone announce 3.8bn-pound merger - Data-heavy session ahead - Japanese GDP surges in first quarter techMARK 2,794.14 +0.04% FTSE 100 6,886.04 +0.11% FTSE 250 15,984.75 +0.06% Strong gains from London Stock Exchange (LSE) and a merger between Dix
Read moreOld Mutual excited about UK opportunity and acquisitions in Africa
15th May 2014 07:42
Financial services group Old Mutual enjoyed strong sales ahead of forecasts in the first quarter and said it was excited about the opportunity for its pension drawdown products in the UK thanks to loosening of annuity rules. Gross sales rose 12% to £6.2bn in the first three months of the year, tho
Read moreOld Mutual appoints new Finance Director and Chief Operating Officer
14th May 2014 09:38
A new Group Finance Director has been appointed at FTSE 100 company Old Mutual, it said on Wednesday. The role has been given to Ingrid Johnson, who is currently the Group Managing Executive of Retail and Business Banking for Nedbank Group. She is succeeeding Philip Broadley, who will remain an
Read moreLondon midday: Stocks inch lower on mixed data and earnings
23rd Apr 2014 11:37
- AB Foods jumps, ARM and Sports Direct fall - UK borrowing falls more than expected - Chinese manufacturing still in contraction - Eurozone business activity improves techMARK 2,740.84 +0.09% FTSE 100 6,670.05 -0.18% FTSE 250 15,991.94 -0.56% UK stocks pulled back from a three-week high on Wednes
Read moreLondon open: Stocks edge higher, AB Foods jumps on Primark expansion
23rd Apr 2014 08:40
- AB Foods jumps on Primark expansion plans - Stocks rise, but upside limited - BoE minutes, economic data ahead - Chinese manufacturing PMI contracts again techMARK 2,749.64 +0.41% FTSE 100 6,688.65 +0.10% FTSE 250 16,067.20 -0.09% UK stocks edged higher on Wednesday morning with Primark owner As
Read moreOld Mutual completes acquisition of Faulu Microfinance Bank
1st Apr 2014 10:52
Old Mutual has completed the acquisition of a controlling stake in Faulu Microfinance Bank Limited, a deposit-taking microfinance business in Kenya. Julian Roberts, Group Chief Executive of Old Mutual, said: "We are delighted to announce the official start of our partnership with Faulu in Kenya, an
Read moreFTSE 100 movers: Insurers and miners at polar ends of index
28th Mar 2014 14:45
Insurance groups were hit by the news the FCA is planning to look into 30m insurance policies sold between the 1970s and 2000 on the back of concerns that they may have contained 'unfair' terms continue to push insurance companies sharply lower. The policies are reportedly worth 150bn pounds. The
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