FTSE 100 movers: China data gives boost to miners
19th Jan 2016 13:38
(ShareCast News) - The FTSE 100 surged on Tuesday, rising 102.51 points (1.77%) to 5,882.43 by mid-afternoon. The market was led by the miners, after worse-than-expected economic growth data from one of the world's largest commodities consumers raised hopes of further stimulus measures. China's gro
Read moreLondon pre-open: Stocks set to bounce back after raft of Chinese data
19th Jan 2016 07:30
(ShareCast News) - Stocks are set to jump at the start of trading despite the release of a spate of weaker than expected economic data out of the world's second largest economy, China, with economists sounding a relatively optimistic note on the figures. Acting as a backdrop, speaking on Tuesday eve
Read moreInvestment director takes up Prudential CEO post full-time
19th Jan 2016 07:27
(ShareCast News) - Prudential has appointed John Foley as permanent chief executive of the group's UK and Europe division. He has stepped into the role as an interim measure in October last year, and was previously Group Investment Director. He also held a number of senior roles since joining the F
Read moreBroker tips: BAE Systems, UK life assurers, Big Yellow
11th Jan 2016 13:19
(ShareCast News) - JP Morgan Cazenove believes 2016 will be a big year for defence stocks and has upgraded BAE Systems from 'neutral' to 'overweight'. The investment bank on Monday cited a major escalation in geo-political tensions as a reason why it will be a good year for the sector, as well as it
Read moreDeutsche Bank reviews UK life assurers; notes uncertain outlook
11th Jan 2016 12:07
(ShareCast News) - Deutsche Bank adjusted its ratings on London-listed life assurers as it took a look at the UK sector, saying the outlook was uncertain on a number of fronts. The bank said most UK life assurers continue to offer the potential for structural long-term growth with attractive dividen
Read moreFTSE 100 movers: Miners slump on China data but Randgold shines
4th Jan 2016 14:00
(ShareCast News) - London's FTSE 100 was down 2.2% to 6,106.37 at 1418 GMT, kicking off the new year with broad-based losses following the release of uninspiring Chinese data. Heavily-weighted miners, which are heavily reliant on demand from China, were hit hard following the release of disappointin
Read more888 Holdings CFO offloads his stake
18th Dec 2015 14:47
(ShareCast News) - Two senior executives at 888 Holdings sold shares in the gaming company. Chief operating officer Itai Frieberger sold 350,000 shares at 181.30p, while chief financial officer Aviad Kobrine sold 500,204 shares at 180.91p and no longer has any interest in the company Meanwhile, Dav
Read moreBroker tips: UK life insurers, Entertainment One, Micro Focus International
10th Dec 2015 15:38
(ShareCast News) - Shares in UK life insurers will catch-up with their European peers next year after underperforming in 2014, as Solvency II proved to be a more acute headwind for them, Nomura told clients on Thursday. Yet developments for them had generally been better than expected for them, so c
Read moreUK life insurers set to catch up next year, Nomura says
10th Dec 2015 15:06
(ShareCast News) - Shares in UK life insurers will catch-up with their European peers next year after underperforming in 2014, as Solvency II proved to be a more acute headwind for them, Nomura told clients on Thursday. Yet developments for them had generally been better than expected for them, so c
Read moreRSA, Prudential, Legal & General get green light on Solvency II rules
7th Dec 2015 07:12
(ShareCast News) - Three major UK insurers said they had received approval to use their internal models to comply with the new European-wide Solvency II requirements to protect against financial shocks. RSA, Prudential and Legal & General are among 19 companies to get full or partial approval for th
Read moreBank of England gives insurance firms go-ahead on Solvency II plans
6th Dec 2015 09:13
(ShareCast News) - The Bank of England has approved the internal capital calculation models of 19 insurance firms, including Lloyd's of London, Aviva, RSA and Prudential. The endorsement means that the firms can use an internal model to determine the amount of capital they need to set aside to prote
Read morePrudential shares drop after reporting quarterly outflows of GBP2.3bn
10th Nov 2015 08:54
(ShareCast News) - Prudential's share price has dropped after the company reported total outflows of £2.3bn for the quarter due to redemptions in the retail market. The FTSE 100 insurance company posted its third quarter interim management statement to 30 September on Tuesday. The latest results br
Read moreTuesday preview: Vodafone and Prudential interims expected to be solid
9th Nov 2015 17:25
(ShareCast News) - Although a relatively quiet day for macroeconomic data, Tuesday sees a handful of the FTSE 100's heavyweights reporting on their financial progress. Vodafone is expected to deliver a solid second quarter as it reports its interim results, with European rivals having reported stron
Read moreCredit Suisse ups European insurance to overweight, downgrades banks
3rd Nov 2015 09:05
(ShareCast News) - Analysts at Credit Suisse increased their weighting in the European insurance space to 'overweight' and said they now preferred the sector to banks. Their performance had become less sensitive to bond yields over the past 18 months, unlike European banks or US life insurance, it s
Read moreAviva, St.James's and Standard Life set to outperform, JP Morgan says
23rd Oct 2015 14:54
(ShareCast News) - The upcoming implementation of the Solvency II capital regime will lift a significant source of uncertainty which has been hanging over UK and European life insurers, JP Morgan said in a research note sent to clients. The new measures will likely see Aviva, St.James Place and Stan
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