Deutsche Bank cuts RSA price target, says new suitors unlikely
22nd Sep 2015 12:51
(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. It said there are few or no obvious suitors in view and certainly not any likely to match what Zurich had
Read moreTuesday newspaper share tips: Mixed bag for Inmarsat
22nd Sep 2015 10:31
(ShareCast News) - Inmarsat was the big focus for the newspaper tippers Tuesday, on the back of two pieces of positive news for the satellite communications firm. Firstly, it announced Lufthansa passengers will be able to use the internet inflight next summer thanks to the Global Xpress satellite-ba
Read moreLondon close: Analysts see further downside risks for copper
21st Sep 2015 17:06
(ShareCast News) - UK stocks finished the session with slight gains, tracking the ebb and flow of trading Stateside as analysts continued to weigh in with their opinions on the US Federal Reserve's decision on 17 September to stay put. Investors were also digesting remarks from various Fed officials
Read moreRSA appoints new CFO
21st Sep 2015 15:41
(ShareCast News) - Insurance giant RSA has confirmed that Scott Egan will step into the role of chief financial officer (CFO) next month. Egan, who has served as CFO of Towergate Insurance since April 2012, was initially appointed on 7 July and will join the insurer on 1 October. "I am incredibly e
Read moreFTSE 100 movers: Shire and Wolseley rally, RSA Insurance plummets as Zurich deal called off
21st Sep 2015 13:02
(ShareCast News) - The FTSE 100 was up 0.74% with the index of leading shares up 45.26 points to 6,149.37. Wolseley led the market on Monday after Credit Suisse added the stock to its European and Global Focus Lists and raised its price target to 4,900p from 4,400p. It said Wolseley has delivered
Read moreLondon midday: Investors shake off Wall Street losses, Fed remarks
21st Sep 2015 11:33
(ShareCast News) - UK stocks edged higher as investors digested a raft of remarks over the weekend from various members of the Federal Reserve and ahead of a speech from another top US central bank official scheduled for later on Monday. As of 1147 BST the Footsie was 33.45 points higher to reach 6,
Read moreLondon open: Stocks gain despite hawkish Fed remarks
21st Sep 2015 09:22
(ShareCast News) - Stocks recovered after opening in the red, despite rather hawkish comments over the weekend from at least two top-ranking officials at the US Federal Reserve. Speaking on Saturday, the president of the San Francisco Fed, John Williams, said he believes it remains appropriate to ra
Read moreLondon pre-open: Small losses seen at start of trading
21st Sep 2015 07:42
(ShareCast News) - Stocks are expected to start the morning slightly lower on follow-through selling after the losses seen on Wall Street last Friday, as investors continue to digest the US central bank's more cautious message. The top flight index is being called to start the session 22 points lowe
Read moreRSA Insurance tumbles as Zurich abandons bid
21st Sep 2015 07:25
(ShareCast News) - Shares in RSA Insurance tumbled after Zurich Insurance said it has terminated discussions with the London-listed company regarding a possible £5.6bn offer. Zurich, which issued third-quarter results on Monday, said in a statement that it has terminated talks with RSA due to the re
Read moreLondon midday: Stocks higher after China exports fall less than forecast
8th Sep 2015 11:54
(ShareCast News) - London stocks were sitting higher after a better-than-expected report on Chinese exports lifted sentiment. China's exports dropped 5.5% in August from a year earlier in dollar terms after a 8.3% drop in July, according to the General Administration of Customs, better than the 6.6%
Read moreRSA Insurance sells Latin American business for £403m
8th Sep 2015 07:41
(ShareCast News) - RSA Insurance has signed contracts to sell its operations in Latin America to Suramericana SA, which is the insurance subsidiary of Grupo de Inversiones Suramericana, for around £403m in cash. RSA, which has caught the eye of Zurich Insurance, said the Swiss insurer has been made
Read moreFTSE 100 movers: Glencore and Antofagasta lead blue chips higher
7th Sep 2015 15:20
(ShareCast News) - The FTSE 100 began the week on the front foot, lifted by commodities giants Glencore and Antofagasta. With less than an hour before the London session's close, the blue chip index was up 0.48% at 6,071.64 points. Glencore was surging on the back of its new plan to pare back its $
Read moreZurich Insurance said to have arranged £5.5bn financing for RSA bid
7th Sep 2015 14:01
(ShareCast News) - Zurich Insurance has reportedly arranged £5.5bn in financing for the takeover of UK rival RSA Insurance. Bloomberg cited people familiar with the matter as saying that the Swiss insurer has arranged the loans through Morgan Stanley, Citigroup, HSBC Holdings, Deutsche Bank, UBS and
Read moreZurich offer should convince RSA but other bidders unlikely, says RBC
25th Aug 2015 10:51
(ShareCast News) - RBC Capital Markets said Zurich Insurance's revised 550p a share offer for RSA Insurance is in line with the bank's initial estimates when the approach was first announced. It said that based on first-half figures, this values RSA at 1.55x book value of 1.95x tangible book, which
Read morePoundland gets provisional approval for 99p Store acquisition
25th Aug 2015 07:22
(ShareCast News) - London open City sources predict the FTSE 100 will open 56 points higher than Monday's close of 5,898.87. Stocks to watch The UK competition regulator has provisionally given approval for Poundland Group to acquire rival 99p Stores Ltd. The Competition and Markets Authority gave
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