FTSE 100 movers: ARM falls over Apple Christmas sales speculation
18th Dec 2015 14:14
(ShareCast News) - With the US Federal Reserve's hike honeymoon period coming to an end and new easing measures announced in Japan, London markets were similarly affected with the FTSE 100 down 36.19 points (0.59%) to 6,066.35. ARM Holdings was the biggest faller after a perception amongst traders t
Read moreRSA signs five-year exclusive deal with Nationwide
17th Dec 2015 09:17
(ShareCast News) - RSA Insurance has signed an exclusive five-year partnership deal to underwrite all of Nationwide's home insurance products from spring 2017. The insurer said the deal will cement its position as the market leader in home insurance and specifically in partnering with members of bui
Read moreRSA sells Russian unit for GBP5m
9th Dec 2015 07:06
(ShareCast News) - RSA Insurance Group said it was selling its Russian operations to the non-state pension company Blagosostoyanie for £5m in cash. Group chief operating officer Paul Whittaker said the Russian unit, known as Intouch Insurance, did not have the same scale as RSA's core franchises in
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 moreFriday broker round-up
6th Nov 2015 11:14
(ShareCast News) - Weir Group: Citigroup downgrades to neutral. Target price: 1200.00p Amec Foster Wheeler: UBS downgrades to neutral, cuts target price to 600.00p. Citigroup downgrades to neutral. JP Morgan Cazenove reiterates to overweight, reduces target price to 739.00p Rsa Insurance Group:
Read moreLondon close: Copper prices weigh on Footsie despite dovish MPC
5th Nov 2015 16:36
(ShareCast News) - Equities ended near their worst levels of the day despite a dovish set of minutes from the Bank of England's last Monetary Policy Committee meeting, weighed down by a further drop in commodity prices. Following its meeting, the MPC said there were downside risks to growth
Read moreFTSE 100 movers: Anglo American falls to 16-year lows
5th Nov 2015 14:18
(ShareCast News) - The FTSE 100 was down for most of the day on Thursday, with the market going into the black briefly after the Bank of England kept interest rates unchanged. By mid-afternoon, the market was back into the red, down 22.58 points (0.35%) to 6,390.3 points. Anglo American was the big
Read moreLondon open: Investors anxious ahead of MPC's 'Super Thursday'
5th Nov 2015 08:30
(ShareCast News) - Investors in UK shares were anxious ahead of Thursday's meeting of the Monetary Policy Committee after remarks by US Federal Reserve chairwoman Janet Yellen on the previous day led traders to push up the odds of a December rate hike across the Pond. As of 0945 GMT the FTSE 100 was
Read moreLondon pre-open: MPC, central banks in focus
5th Nov 2015 07:07
(ShareCast News) - Investors were anxious ahead of Thursday´s meeting of the Monetary Policy Committee given the more 'hawkish' tone adopted by US Federal Reserve chairwoman Janet Yellen on the previous day. The Footsie was being called to start the day 11 points above Wednesday´s close of 6,412.88
Read moreRSA nine-month premium income nudges up 1%, turnaround on track
5th Nov 2015 07:06
(ShareCast News) - RSA Insurance booked a net loss of £16m in the third quarter as a result of the earthquake in Chile, but insisted its turnaround plan is on track as it posted a 1% rise in underlying premium income in the first nine months of the year. Core group underlying net premiums rose 1% to
Read moreRSA plans sale of Russian and Middle Eastern operations after Zurich pulls out of takeover
27th Sep 2015 15:45
(ShareCast News) - Insurance company RSA is planning to offload its operations in Russia and the Middle East as part of its attempts to strengthen its position after Zurich cancelled its plans to take over its rival. RSA is hoping to generate around £80-£90m from the disposals, which it plans to com
Read moreFTSE 100 movers: Airlines up after Morgan Stanley review, only RSA drops
23rd Sep 2015 14:11
(ShareCast News) - It has been a positive day for the FTSE100, regaining 129.31 points (2.18%) on Wednesday to 6,065.15 after Tuesday's massive falls. International Consolidated Airlines Group was the biggest riser, up 4.85% after Morgan Stanley said the company "moves to our top 'overweight' pick i
Read moreFTSE 100 movers: Glencore leads mining stocks lower
22nd Sep 2015 15:46
(ShareCast News) - The FTSE 100 slipped 2.60% to 5,949.16 points on Tuesday afternoon, led by a decline in mining stocks. Glencore was the top faller, as commodity prices edged lower and Credit Suisse said weak demand from China and emerging markets would continue to drag on the sector. Credit Suis
Read moreBroker tips: RSA, Glencore, HSBC
22nd Sep 2015 14:20
(ShareCast News) - Deutsche Bank cut its price target on RSA Insurance back to a "fundamental" 430p from 540p on news that Zurich Insurance has ended offer talks with the London-listed insurer. The broker said it's unlikely that any of the European composites will emerge as rival bidders and certain
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