Old Mutual agrees terms of sale of Skandia divisions
27th Mar 2014 08:44
FTSE 100 financial services group Old Mutual on Thursday said that terms had been agreed on the sale of Skandia Germany and Skandia Austria, which is being completed for a 220m euro cash sum. The businesses, which at the end of 2013 had combined funds under management of 4.9bn euro, are part of Old
Read moreSector movers: Strong results from Prudential boost life insurers
12th Mar 2014 14:40
Strong results from Prudential gave the life insurance sector a lift on Wednesday after the company impressed with a decent increase in the dividend as profits came in at the top end of analysts' estimates. Even though Prudential was the only life insurance stock to register gains in London, its w
Read moreTuesday broker round-up UPDATE
11th Mar 2014 09:03
Aviva: RBC Capital takes target price from 400p to 550p upgrading to neutral. Nomura increases target price from 489p to 625p and reiterates a buy recommendation. Balfour Beatty: Citi raises target price from 220p to 310p maintaining a neutral rating. Goldman Sachs reduces target price from 335p to
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreLondon close: Flat finish for FTSE in data heavy session
28th Feb 2014 16:30
- FTSE closes flat, down 28 points on the week - Feb UK house prices climb - UK consumer confidence at six-year high - Eurozone's unemployment unchanged at 12 per cent techMARK 2,904.71 +0.09% FTSE 100 6,809.70 -0.01% FTSE 250 16,726.00 +1.23% UK stocks ended the final session of the week flat as
Read moreFTSE 100 movers: Old Mutual climbs on strong 2013 performance
28th Feb 2014 15:03
Financial services group Old Mutual climbed after revealing that its underlying activities had performed strongly in 2013. Old Mutual, which owns pension provider Skandia, unveiled adjusted operating profit of £1.6bn, similar to last year in reported currency but up 15% at constant currency. Mon
Read moreLondon open: FTSE surprises with retreat early on
28th Feb 2014 08:25
- Feb Consumer Confidence holds steady - House prices rise at fastest rate in nearly four years - Yellen comments send S&P 500 to record high techMARK 2,904.42 +0.08% FTSE 100 6,808.29 -0.03% FTSE 250 16,595.16 +0.44% The FTSE ignored record gains in the US to inch lower early on, as investors gea
Read moreOld Mutual hails strong progress despite rand volatility
28th Feb 2014 08:02
Financial services group Old Mutual blamed the volatility of the South African rand for flat annual profits, but said its underlying activities had performed strongly. Old Mutual, which owns pension provider Skandia, unveiled adjusted operating profit of £1.6bn, similar to last year in reported cur
Read moreBroker snap: Goldman sees tough regulation in life insurance
30th Jan 2014 16:08
Investment bank Goldman Sachs expects life insurance regulators to be tough on the industry after meeting with officials from a UK financial watchdog. Goldman analysts who met the Financial Conduct Authority's Long-Term Savings & Pensions Director said in a note that they expected "ongoing regulato
Read moreLondon close: Stocks swing into the red as investors weigh emerging markets, Fed
29th Jan 2014 17:00
- Stocks swing sharply into red in afternoon trade - Renewed EM currency volatility follows rate hikes - Wall Street lower ahead of Fed decision - Miners rise after strong updates, Sainsbury boss exits techMARK 2,768.00 -0.48% FTSE 100 6,544.28 -0.43% FTSE 250 15,688.31 -0.18% Market volatility re
Read moreOld Mutual eyes African expansion
29th Jan 2014 16:04
Anglo-South African financial services group Old Mutual is plotting an expansion of its African business, but its shares fell on Wednesday. The group, which runs pensions group Skandia in the UK, hopes to raise the proportion of profits contributed by the African operation to 15% from 10% by the en
Read moreFTSE 100 movers: Miners rise on strong updates
29th Jan 2014 15:10
Chilean miner Antofagasta raced to the top of the leaderboard today after it reported a record year of copper production for 2013, supported by a strong output performance in the fourth quarter and despite predictions 2014 production is set to drop. The stock was helped even higher after analysts at
Read moreLondon close: BSkyB leads markets higher after decent economic data
14th Jan 2014 16:31
- Markets at highest level since October 30th - UK inflation falls to BoE target - Eurozone industrial production, US retail sales beat forecasts - UBS highlights potential M&A at BSkyB techMARK 2,818.48 +0.54% FTSE 100 6,766.86 +0.14% FTSE 250 16,236.02 -0.12% Markets managed to finish in positiv
Read moreLondon midday: Stocks lower but losses trimmed as inflation eases
14th Jan 2014 11:20
- CPI inflation falls to BoE target - US earnings season in focus - UBS sees merger opportunities at BSkyB - Ashmore reports fall in AuM techMARK 2,800.75 -0.09% FTSE 100 6,740.89 -0.24% FTSE 250 16,152.84 -0.63% Nervousness ahead of the US earnings season and a disappointing update from fund mana
Read moreLondon open: Markets pull back from 10-week high, Ashmore drops
14th Jan 2014 08:35
- Ashmore reports fall in AuM, drags peers lower - Lockhart quashes stimulus optimism - FTSE 100 pulls back from 10-week high techMARK 2,798.85 -0.16% FTSE 100 6,723.86 -0.49% FTSE 250 16,144.85 -0.68% A disappointing set of results from Ashmore and a host of other stocks on the FTSE 350 dampened
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