Prudential non-exec stocks up, Executive Director sells
7th Apr 2014 16:50
Anthony Nightingale, a Non-Executive Director of Prudential who joined the board in June last year, has doubled his stake in the international financial services group. Nightingale acquired 15,000 shares at 1,328p each, spending a total of £199,200. Meanwhile, Executive Director Jackie Hunt trad
Read moreSunday newspaper round-up: Insurance, Sports Direct, Tesco
6th Apr 2014 08:57
The Financial Conduct Authority ignored Bank of England warnings that it had created a false market in insurance shares for more than five hours, the Sunday Times writes. A newspaper report that the FCA planned a clampdown on insurance policies going back up to 30 years caused shares of Legal & Gene
Read moreThursday newspaper round-up: Sports Direct, Glencore, Prudential
3rd Apr 2014 07:19
Management at Sports Direct is licking its wounds after being forced into a second humiliating climbdown over a proposed reward scheme for its Chief Mike Ashley. Overnight institutional investors revolted against the proposal to hand Ashley shares worth more than 72.5m pounds. As a result the compan
Read moreWednesday broker round-up UPDATE
2nd Apr 2014 08:48
Aberdeen Asset Management: Canaccord Genuity reduces target price from 540p to 460p, while its buy recommendation is kept. Anglo American: JP Morgan ups target price from 1260p to 1300p, while leaving its underweight rating unchanged. Aviva: JP Morgan raises target price from 528p to 570p maintain
Read moreLondon close: Traders look through slight weakness in data
1st Apr 2014 16:48
- Aberdeen, Babcock, BHP Billiton and GKN provide a lift - Insurers gain as Osborne calls for inquiry into leak - UK PMI falls to eight-month low techMARK 2,783.94 +0.70% FTSE 100 6,652.61 +0.82% FTSE 250 16,407.56 +0.82% Stocks rose sharply on Tuesday as investors chose to look through what at fi
Read moreLondon open: Stocks at three-week high ahead of data-heavy week
31st Mar 2014 08:29
- Busy week for economic data - German retail sales rise, Eurozone CPI ahead - Insurance stocks rebound after heavy falls techMARK 2,778.57 +0.59% FTSE 100 6,657.68 +0.64% FTSE 250 16,276.97 +0.59% UK stocks were trading at a three-week high on Monday morning as investors began the week in a bulli
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
Read moreSector movers: Insurance stocks whacked by FCA investigation
28th Mar 2014 14:42
Insurance stocks were reeling on Friday ahead of a Financial Conduct Authority (FCA) investigation into billions of pounds worth of policies dating back four decades on concerns that customers were being exploited. The FCA, which will formally announce the probe on Monday, is focusing on products t
Read moreLondon midday: Markets erase gains as insurance stocks tank
28th Mar 2014 12:02
- Insurers drop sharply on FCA investigation reports - Miners edge higher - Chinese Premier hints at more stimulus techMARK 2,767.34 +0.16% FTSE 100 6,590.41 +0.03% FTSE 250 16,181.96 -0.12% The FTSE 100 was trading more or less flat by Friday lunchtime after erasing earlier gains as heavy losses
Read moreLondon open: Miners rise on Chinese stimulus hopes, insurers drop
28th Mar 2014 08:34
- Miners rise on Chinese stimulus hopes - Li Keqiang hints at possible easing - Insurers fall on FCA investigation techMARK 2,779.04 +0.58% FTSE 100 6,621.74 +0.51% FTSE 250 16,239.90 +0.23% UK stocks were making decent gains on Friday morning after a positive session in Asia overnight as comments
Read moreLondon midday: Insurance stocks push markets higher, but banks fall
26th Mar 2014 11:42
- FTSE 100 at highest since March 11th - Insurers provide a lift, Standard Life and Phoenix in focus - Lloyds drops after government sale, RBS downgraded - ECB, PBoC stimulus hopes and US data drive gains techMARK 2,787.86 +0.51% FTSE 100 6,630.79 +0.39% FTSE 250 16,273.83 +0.75% UK stocks were at
Read moreLondon open: Stocks at two-week high, Standard Life jumps
26th Mar 2014 08:19
- FTSE 100 set for best close since March 12th - Markets track gains on US, Asian indices - Standard Life, Phoenix agree on Ignis deal - Lloyds drops after government sale techMARK 2,793.31 +0.70% FTSE 100 6,620.06 +0.23% FTSE 250 16,264.06 +0.69% UK stocks edged higher on Wednesday morning with m
Read moreSunday newspaper round-up: Life insurers, energy companies, supermarkets
23rd Mar 2014 15:45
The chief executives of some of Britain's biggest life insurers have asked regulators to intervene after the Chancellor's announcement of dramatic changes to the pensions market, the Sunday Telegraph said. The insurance bosses have contacted the Financial Conduct Authority and the Prudential Regulat
Read moreFriday tips round-up: Ophir Energy, Insurance sector
21st Mar 2014 07:18
Ophir Energy's remaining 20 per cent Tanzania stake is being valued at half of what the other 20 per cent was hived off for towards the end of last year. In fact, it is owed and should soon receive 1.25bn dollars from Pavilion Energy for the stake which it acquired. That comes on top of another 667m
Read moreWednesday broker round-up UPDATE
19th Mar 2014 09:00
Afren: Canaccord Genuity lowers target price from 185p to 180p and stays with its buy recommendation. Antofagasta: Westhouse Securities reduces target price from 1060p to 985p staying with its buy recommendation. Credit Suisse downgrades from neutral to underperform with a target price of 750p. JP
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