FTSE 100 movers: Sage provides a lift after acquisition
20th Jun 2012 15:30
Accountancy software behemoth Sage Group was the best performer on the blue-chip index today after acquiring a majority interest in Folhamatic Group, a provider of accounting, tax and payroll and regulatory content software in Brazil, for 125m pounds. Investec upgraded its rating on the stock today
Read moreLondon midday: Stocks gain on stimulus hopes
20th Jun 2012 11:31
- Stocks pare losses after MPC minutes - Markets await the Fed decision later today - Aviva, ITV and Sage gain; ex-div stocks drag The Bank of England's (BoE's) vote on maintaining its asset purchase programme proved to be a contentious issue last month and the news provided a boost to stock market
Read moreLondon close: Stocks drop after gloomy US data
31st May 2012 17:04
- US GDP, payrolls, jobless claims, Chicago PMI disappoints - Spain continues to dampen sentiment - M and A boosts IHG and Logica Despite a strong start early on, London's blue-chip index dropped into the red in afternoon trade as a raft of disappointing data from the US compounded fears over the
Read moreLondon midday: IHG leads stocks higher
31st May 2012 11:45
- IHG jumps on M and A speculation - Logica soars after CGI bid - Stocks rise but eyes still focus on Eurozone Stocks had held on to early gains by Thursday lunchtime as the Footsie attempted to rebound from heavy falls the day before; concerns over Spain and its financial system sent stocks tumbli
Read moreBroker tips: Prudential, Logica, Premier Oil
31st May 2012 11:36
Nomura says that Prudential's acquisition of Reassure American Life Insurance Company (REALIC) from Swiss Re will indeed provide a short-term boost to earnings, but raises some 'strategic questions' for the UK-listed insurance giant. The broker says that its main concerns is that "it is a closed bo
Read moreBroker snap: Nomura has doubts about Pru's acquisition of Swiss Re unit
31st May 2012 11:33
Nomura says that Prudential's acquisition of Reassure American Life Insurance Company (REALIC) from Swiss Re will indeed provide a short-term boost to earnings, but raises some 'strategic questions' for the UK-listed insurance giant. Jackson National Life Insurance, an indirect wholly-owned subsidi
Read moreThursday broker round-up
31st May 2012 09:26
Aviva: Nomura cuts target from 600p to 540p, buy rating unchanged. Babcock: Panmure Gordon downgrades from buy to hold, target left at 940p. BG Group: Jefferies reiterates buy stance and 2,000p target. BHP Billiton: Credit Suisse maintains outperform rating and 2,460p target. BT Group: Nomura ke
Read moreLondon open: Stocks rebound, Logica rockets after CGI bid
31st May 2012 08:34
- Logica jumps 64pc after bid - Eyes on Ireland as public votes on fiscal treaty - Eurobonds still a possibility The FTSE 100 rebounded on Thursday morning following a sharp fall the day before, but gains were only modest as uncertainty over the Eurozone continues to weigh heavily on investors' min
Read moreLondon pre-open: FTSE set for minimal gains in early trading
31st May 2012 07:32
City sources predict the FTSE 100 will open up six points from yesterday's close of 5,297, with investors expected to take a breather following significant sell-offs in both the UK and the US. Sweeteners firm Tate and Lyle returned full year profits bang in line with expectations as it saw steady
Read morePrudential to buy US life business from Swiss Re
31st May 2012 07:13
Financial services giant Prudential is to get its hands on Reassure American Life Insurance Company (REALIC) through the acquisition of its US holding company from Swiss Re. Jackson National Life Insurance, an indirect wholly-owned subsidiary of Prudential, on Wednesday entered into an agreement to
Read morePrudential names new Chairman to replace McGrath
28th May 2012 15:17
Insurance and financial services group Prudential has named Paul Manduca as its incoming Chairman when Harvey McGrath leaves on July 2nd. Manduca, who has been an independent non-executive director of Prudential since October 2010, became a senior independent director in January 2011. He founded
Read moreSunday newspaper round-up: Eurozone, Sterling, Euro-bonds
20th May 2012 18:46
George Osborne warns today that Britain faces "enormous risks" from chaos in the Eurozone, admitting that the government is preparing for the crisis to deepen. In a bleak assessment the chancellor voices fears that the turmoil in the European Union may "only get worse", hampering Britain's recovery
Read moreThursday newspaper round-up: Spain, Mortgages, India
17th May 2012 07:04
Mariano Rajoy pleaded for an urgent "defence of the euro project" yesterday as Madrid was close to being locked out of international markets by "astronomical" borrowing costs. The prime minister of Spain called for European leaders to publicly back the so-called 'sinner states' amid fears that conta
Read morePrudential tilting even more to the east
9th May 2012 15:55
Asia continues to be the engine of growth for insurance behemoth Prudential, while the significance of the UK diminishes. Group sales on an annual premium equivalent (APE) basis rose 9% in the first quarter of 2012 to £964m from £888m. Sales in Asia rose 21% to £443m from £367m in the first quarte
Read moreLondon open: Financials lead comeback following steep losses
24th Apr 2012 08:40
- Footsie rebounds after Monday's steep losses - Shell makes 220p-a-share offer for Cove - Capita drops after proposing placing The FTSE 100 was clawing its way back slowly on Tuesday morning, following yesterday's steep sell-off which saw London's benchmark lose nearly two per cent of its value on
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