FTSE 250 movers: Commodity prices pull oil stocks down
6th Aug 2015 14:48
(ShareCast News) - London's FTSE 250 fell slightly on Thursday, down 0.25% to 17,731.01 at 1456 BST. Tullow Oil led the fallers, declining 8.67% to 222.20p while fellow oil company Premier Oil was not far behind, falling by 7.81% to 116.80p. The pair suffered at the hands of falling oil prices as a
Read morePhoenix Group on track to meet expectations despite cash generation decline
24th Apr 2015 09:26
Investment group Phoenix Group said it was on track to meet its full-year targets, despite reporting a decline in first quarter cash generation. The FTSE 250 group generated £87m in cash in the first quarter, a 62.9% decline year-on-year, while total holding company cash totalled £1.03bn, up 4.2%.
Read morePhoenix reports jump in profits but waves goodbye to chairman
18th Mar 2015 08:04
UK investment manager Phoenix Group Holdings reported a jump in full year pretax profit on the back of strong performance of its managed funds business. Pretax profit increased to £336m from £268m as revenue, net of reinsurance payable, rose to £5.32bn from £4.22bn and operating expenses increased t
Read moreSector movers: Results from Aviva and Friends Life spark surge among life insurers
5th Mar 2015 14:18
Insurers Aviva and Friends Life Group (FLG) each jumped over 7% on Thursday as investors celebrated the companies' 2014 results ahead of the proposed merger, giving the life insurance sector a big boost in London. The impressive figures also helped to allay fears across the wider sector, showing tha
Read morePhoenix Group confident of cash generation targets for 2014
23rd Oct 2014 08:16
Phoenix Group expects 2014 cash generation to hit the top-end of targets, with chief executive Clive Bannister saying the closed life and pension fund consolidator is "set to finish the year in a good financial position". Cash generation for the first nine months of the year stood at £438m, compared
Read moreTuesday broker round-up
26th Aug 2014 10:16
Bioquell: N+1 Singer upgrades from hold to buy with an unchanged target price of 112p. Investec cuts target price from 133p to 98p, while upgrading from hold to add. Circle Oil: Investec moves target price from 50p to 70p and maintains a buy recommendation. Clinigen Group: N+1 Singer ups target pr
Read moreFriday broker round-up UPDATE
22nd Aug 2014 08:39
Ashtead Group: Berenberg raises target price from 1110p to 1145p maintaining its buy recommendation. Bank of Georgia: Peel Hunt increases target price from 2416p to 2600p and reiterates a hold recommendation. Boot (Henry): Numis upgrades from add to buy with a target price of 254p. Howden Joinery
Read morePhoenix cash, profits, gearing and MCEV ahead of expectations in H1
21st Aug 2014 11:33
Closed life insurer Phoenix Group significantly lifted profits and slashed debt in the first half of 2014 thanks in part to the sale of Ignis to Standard Life. Pre-tax profits soared to £290m compared with £13m in the same period in the prior year. The group, the UK's largest consolidator of speci
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreLondon pre-open: Chinese PMI to give FTSE lift early on
1st Jul 2014 07:40
Buoyed by a positive set of Chinese manufacturing figures out overnight, London stocks are set to register decent gains this morning. City sources predict the FTSE 100 will open around 17 points above yesterday's close of 6,743.94. Wall Street finished yesterday on a mixed note, matching the pic
Read moreStandard Life completes £390m Ignis acquisition
1st Jul 2014 07:35
Standard Life has completed the £390m purchase of Ignis Asset Management from insurance peer Phoenix Group. The deal, which has now received approval from the Financial Conduct Authority, was first announced in March and was a move by Standard Life to bolster its investment management division. "T
Read morePhoenix posts lower Q1 cash generation
1st May 2014 11:07
Phoenix Group Holdings, a company that acquires and manages closed life insurance businesses, posted a reduction in first-quarter cash generation on Thursday. Cash generation fell from £410m to £235m year-on-year, although the total holding company's cash rose to £1,197m compared to £995m at the 2
Read moreLegal & General the top pick in changing UK life insurance sector, says Berenberg
17th Apr 2014 12:51
Berenberg has said that Legal & General remains its 'preferred play' in the life insurance sector following the recent major shake-up of the annuity and savings markets in the UK. The broker called it a "brave new world" for the industry which will be transformed by the end of quasi-compulsory annu
Read moreFTSE 250 movers: Rathbone Brothers up on AuM increase
2nd Apr 2014 16:11
Rathbone Brothers was higher on reports it has increased its assets under management (AuM) after acquiring private client businesses, including one from Jupiter Asset Management. Kazakhmys climbed after it completed the disposal of its 50% stake in Ekibastuz GRES-1 to Samruk-Energo. The group rece
Read moreLondon midday: Markets edge higher but gains limited
2nd Apr 2014 11:48
- Stocks extend three-week high - ECB, US data ahead - Antofagasta unharmed by Chile quake - Sports Direct extends gains on expansion potential techMARK 2,795.73 +0.42% FTSE 100 6,666.62 +0.21% FTSE 250 16,470.77 +0.39% The FTSE 100 had pushed into positive territory by Wednesday lunchtime, but ga
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