Broker tips: BAE Systems, UK life assurers, Big Yellow
11th Jan 2016 13:19
(ShareCast News) - JP Morgan Cazenove believes 2016 will be a big year for defence stocks and has upgraded BAE Systems from 'neutral' to 'overweight'. The investment bank on Monday cited a major escalation in geo-political tensions as a reason why it will be a good year for the sector, as well as it
Read moreDeutsche Bank reviews UK life assurers; notes uncertain outlook
11th Jan 2016 12:07
(ShareCast News) - Deutsche Bank adjusted its ratings on London-listed life assurers as it took a look at the UK sector, saying the outlook was uncertain on a number of fronts. The bank said most UK life assurers continue to offer the potential for structural long-term growth with attractive dividen
Read moreBroker tips: UK life insurers, Entertainment One, Micro Focus International
10th Dec 2015 15:38
(ShareCast News) - Shares in UK life insurers will catch-up with their European peers next year after underperforming in 2014, as Solvency II proved to be a more acute headwind for them, Nomura told clients on Thursday. Yet developments for them had generally been better than expected for them, so c
Read moreUK life insurers set to catch up next year, Nomura says
10th Dec 2015 15:06
(ShareCast News) - Shares in UK life insurers will catch-up with their European peers next year after underperforming in 2014, as Solvency II proved to be a more acute headwind for them, Nomura told clients on Thursday. Yet developments for them had generally been better than expected for them, so c
Read moreSt James's Place third-quarter net inflows up 17%
27th Oct 2015 07:30
(ShareCast News) - Wealth manager St James's Place posted a 17% rise in third-quarter net inflows to a record £1.48bn, taking funds under management to £54.5bn. Over the nine months to 30 September, net inflows were up 12% to £4.15bn. The company said retention of clients remained strong, at around
Read moreAviva, St.James's and Standard Life set to outperform, JP Morgan says
23rd Oct 2015 14:54
(ShareCast News) - The upcoming implementation of the Solvency II capital regime will lift a significant source of uncertainty which has been hanging over UK and European life insurers, JP Morgan said in a research note sent to clients. The new measures will likely see Aviva, St.James Place and Stan
Read moreFTSE 100 movers: Financials lead risers as blue chips end losing streak
25th Aug 2015 15:18
(ShareCast News) - The FTSE 100 bounced back on Tuesday, recouping some of Monday's China-triggered losses, for what looked like being the first positive session in 11 trading days. An hour before the close London's blue chips were up 136.80 points, or 2.32%, to 6,035.67, led by companies lifted pur
Read moreCitigroup bumps Ashmore up to 'buy', notes good medium-term entry point
13th Aug 2015 10:44
(ShareCast News) - Ashmore got a boost after Citigroup upgraded the stock to 'buy' from 'neutral' as it took a look at UK asset managers. The bank said Ashmore was a "brave buying opportunity for the medium term" as it raised its price target on the stock to 290p from 270p. It said that if investor
Read moreBroker tips: Indivior, St James Place, Tate & Lyle
30th Jul 2015 18:34
(ShareCast News) - Shares in Indivior were given a downgraded 'neutral' rating from Citi after their strong performance in the year to date, while Deutsche Bank argued the company's drug pipeline was not fully reflected in valuation and upgraded to 'buy'. A day after the company's interim results, C
Read moreBerenberg cuts St James's Place to 'hold', says it's up with events
30th Jul 2015 15:09
(ShareCast News) - Berenberg downgraded St James's Place to 'hold' from 'buy' with an unchanged price target of 950p, saying that following a strong rally year-to-date the share price is now largely up with events. "With the FTSE 100 and FTSE All Share struggling to stay in the green so far this yea
Read moreLondon open: US Fed in a pinch with CPI set to drop
29th Jul 2015 10:20
(ShareCast News) - Stocks in London continued to bounce back ahead of Wednesday's policy decision from the US Federal Reserve, as some analyst warned of deflation risks. Even the Shanghai Stock Exchange's Composite Index finished higher overnight, rising by 3.44% to reach 3,789.19 points. Gains were
Read moreSt James's Place blames levy increase for first half profit drop
29th Jul 2015 08:12
(ShareCast News) - St James's Place posted underlying profit before shareholder tax at £72.9m for the six months to June 2015, about 7% lower than the same period last year. The wealth management business said profits were hit by an increase in the Financial Services Compensation Scheme levy, which
Read moreLondon pre-open: Subdued start expected ahead of Fed Meeting
29th Jul 2015 07:41
(ShareCast News) - Investors were expected to remain on the sidelines ahead of the conclusion of the US central bank's policy deliberations on Wednesday evening and post-meeting statement. According to the minutes of April's Federal Open Market Committee policy meeting, "most participants" have a bi
Read moreFTSE 100 risers: Financials flying, retailers bounce on minimum wage revision
10th Jul 2015 14:19
(ShareCast News) - London's blue chips breezed higher on a sunny Friday afternoon, buoyed by China's stock market bounce and renewed hopes of a deal for Greece, and with financial stocks leading the charge. A bullish note from Barclays also injected some life into insurers and other money managers,
Read moreGoldman Sachs expects rethink on bank levy in UK Budget
7th Jul 2015 12:43
Ahead of Chancellor George Osborne's Budget on Wednesday, here's a round-up of what Goldman Sachs expects. For UK banks, attention will be focused on any potential reform of the bank levy, as Osborne did not discuss it in his Mansion House speech in June, despite prior speculation. Goldman does not
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