FTSE 100 movers: Morrisons leads rally, Hargreaves' double hit
15th Sep 2016 14:08
(ShareCast News) - Boosted by encouraging retail data and a serene Bank of England, the FTSE 100 turned higher by Thursday afternoon, with Morrisons topping the index. Interim results from the Yorkshire-based supermarket group strongly beat the market's estimates, with first half like-for-like sales
Read moreBroker tips: Genus, RSA, Experian
8th Sep 2016 10:57
(ShareCast News) - Numis placed its rating and target price on Genus 'under review' on Thursday, after the animal genetics company reported its full year results. Genus posted a 7% increase in adjusted pre-tax profit to £49.7m, driven by strong performances in Genus PIC and Genus Asia, particularly
Read moreHSBC upgrades RSA, downgrades Hastings
8th Sep 2016 09:57
(ShareCast News) - HSBC upgraded RSA Insurance to 'buy' from 'hold' and raised the price target to 595p from 520p despite the strong share price performance. The bank noted RSA shares are up 19% year-to-date, outperforming the FTSE 100 index and the DJ Stoxx Insurance index by 9% and 36%, respective
Read moreFriday broker round-up
12th Aug 2016 09:36
(ShareCast News) - Britvic: Berenberg reiterates buy with a target price of 775p. RSA Insurance: Deutsche Bank maintains hold with a 525p target. GlaxoSmithKline: JP Morgan reiterates neutral with a 1900p target. Amec Foster: Goldman Sachs stays at buy with a 691,1p target. A.G. Barr: Berenberg d
Read moreRSA Insurance operating profit up 20% in first half
4th Aug 2016 07:52
(ShareCast News) - RSA Insurance reported a drop in pre-tax profit but a rise in operating profit for the first half, as it lifted its dividend. Group operating profit was up 20% from the first half of last year to £312m while pre-tax profit fell to £148m from £281m, partly because the previous year
Read moreRSA completes withdrawal from South America with sale of Uruguay unit
1st Jul 2016 07:18
(ShareCast News) - RSA closed the sale of its subsidiary in Uruguay to local rival Suramericana S.A., completing its withdrawal from South America. The transaction followed similar divestments throughout 2016 in Brazil, Colombia, Chile, Argentina and Mexico.
Read moreBroker tips: ABF, Dixons Carphone, RSA Insurance
22nd Jun 2016 17:41
(ShareCast News) - Associated British Foods was under the cosh on Wednesday after Morgan Stanley cut its stance on the stock to 'equalweight' from 'overweight' and slashed the price target to 2,650p from 3,500p as it took a fresh look at Primark. The bank said that while Primark remains a great busi
Read moreLondon close: Financials and miners gain on eve of referendum
22nd Jun 2016 16:59
(ShareCast News) - Shares of financials and miners continued their advance on the eve of the EU referendum, despite warnings from quite a few analysts that the result of Thursday's vote was too close to call. The Footsie jumped 1.23% or 76.48 points to close at 6,303.03, with the mid-cap FTSE 250 in
Read moreBarclays gains confidence in RSA Insurance's growth and yield ambitions
22nd Jun 2016 12:47
(ShareCast News) - Barclays said it sees 15% upside at RSA Insurance after an encouraging meeting with some of the company's management, reiterating its 'overweight' rating. RSA's chief financial officer Scott Egan repeated the recent mantra that, while it is early days on the roadmap to its 2018 ta
Read moreLondon open: Housebuilders lead FTSE higher on Brexit confidence
22nd Jun 2016 08:41
(ShareCast News) - London stocks inched up on Wednesday morning as polls showed the EU referendum remained too close to call, though rallying housebuilding and financials stocks indicated investors were confident a Brexit will be avoided. The FTSE 100 was 0.09% higher at 6,232.19 just before 0900 BS
Read moreCommercial insurers face more claims, slimmer margins from August - Fitch
14th Jun 2016 09:34
(ShareCast News) - Insurers are likely to face more more claims, more intense price competition and slimmer margins, Fitch Ratings said, due to changes to UK laws on disputing commercial insurance claims and timing of payments due to come into force in August and next year. Coming into force on 12 A
Read moreRSA completes sale of Mexico operations
1st Jun 2016 07:35
(ShareCast News) - RSA Insurance Group said it had completed the sale of its operations in Mexico to Suramericana SA, the insurance subsidiary of Grupo de Inversiones Suramericana. The sale of RSA's operations in Brazil completed on 29 February 2016; in Colombia on 31 March 2016; and in Chile and Ar
Read moreDirector dealings: RSA's Hester shows confidence in turnaround
5th May 2016 15:23
(ShareCast News) - RSA Insurance chief executive Stephen Hester bought almost £0.5m worth of shares in the company just after first quarter results from the company showed his turnaround plan appeared to be working. Hester, who joined the insurer just over two years ago after a post-crash stint at R
Read moreLondon pre-open: Stocks seen higher amid raft of earnings
5th May 2016 07:36
(ShareCast News) - London stocks were expected open higher on Thursday following declines in the previous session. The FTSE 100 was seen opening 18 points higher than Wednesday's close at 6,130. On the data front, UK services PMI is at 0930 BST while US initial jobless claims are at 1330 BST. "Giv
Read moreRSA says 'good' Q1 underwriting results to drive operating profits
5th May 2016 07:01
(ShareCast News) - Heavyweight insurer RSA said first quarter underwriting results were "good" with operating profits up strongly as a consequence. Net written premiums were down slightly quarter-on-quarter to £1.57bn from £1.59bn. Group weather event costs £23m which represents 1.5% of net earned
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