Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBeazley Share News (BEZ)

Share Price Information for Beazley (BEZ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 700.00
Bid: 702.00
Ask: 703.00
Change: 5.00 (0.72%)
Spread: 1.00 (0.142%)
Open: 693.00
High: 705.50
Low: 692.50
Prev. Close: 695.00
BEZ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London close: Stocks rise as BoE keeps rates on hold

Thu, 21st Mar 2024 16:33

(Sharecast News) - London markets closed higher on Thursday, sustaining gains after the Bank of England adhered to expectations by maintaining interest rates at a 16-year high.

The FTSE 100 rose 1.88%, closing at 7,882.55 points, while the FTSE 250 saw an increase of 1.32%, reaching 19,741.31 points by the end of trading.

In currency markets, sterling was last down 0.94% on the dollar to trade at $1.2665, while it decreased 0.38% against the euro to change hands at €1.1661.

"Markets have continued their euphoric reaction to this week's central bank events, with the FTSE 100 closing in on 7,900 for the first time since May last year," said IG chief market analyst Chris Beauchamp.

"UK stocks have lagged far behind, but with the Bank of England now on a path to cutting rates we could see the FTSE 350 make further strides as the flow of investor money finally heads to the UK."

Beauchamp quipped that a 'no change' policy meeting rarely produces "quite the excitement" as Wednesday night's Fed decision.

"While nodding towards stronger than expected, the Fed's decision to stick to current plans has resulted in yet more record highs for the Dow, S&P 500 and Nasdaq 100.

"Things do seem to be getting a little excessive in markets, especially since the S&P 500 has yet to register a pullback of more than 3% so far this year."

BoE maintains interest rates as services sector grows

In economic news, the Bank of England kept interest rates unchanged at 5.25%, as anticipated, following a vote by its Monetary Policy Committee.

The decision, with a majority vote of eight-to-one, marked a continuation of the 16-year high borrowing cost.

External member Swati Dhingra dissented, advocating for a 0.25 percentage point cut.

It contrasted with February's decision, when Catherine Mann and Jonathan Haskel pushed for a 25 basis point hike.

With inflation easing from its peak, currently at 3.4%, the MPC was expected to embark on rate reductions this year.

Governor Andrew Bailey highlighted positive indicators of inflation abatement but maintained a cautious approach.

"The BoE will need to see a lot more moderation in wages and services prices before it starts cutting rates," said Marion Amiot, senior European economist at S&P Global Ratings.

"We don't expect that to be before August, as the labour market remains tight.

"While vacancies are falling, the workforce is barely expanding, supporting pay increases that are well above productivity gains and the 2% inflation target."

Meanwhile, UK public-sector borrowing in February saw a significant drop, continuing a downward trend for the fourth consecutive month.

Net borrowing excluding public-sector banks stood at £8.4bn, £3.4bn lower than February 2023, indicating fiscal resilience amidst economic recovery.

Additionally, the UK service sector exhibited growth in March, though at a slower pace, hinting at an economy potentially emerging from recession.

The S&P Global flash UK composite purchasing managers' index showed a slight dip to 52.9, yet remaining above the expansion threshold of 50.0.

On the continent, eurozone business activity displayed early signs of stabilising, with the latest HCOB flash eurozone composite PMI output index reaching a nine-month high of 49.9, suggesting a tentative return to growth.

Next, Virgin Money in the green, Dowlais out of favour

On London's equity markets, fashion retailer Next jumped 6.67% after posting a better-than-expected 5% increase in annual profits to £918m, and maintaining guidance for 2024.

Direct Line Insurance Group managed 0.1% gains despite reporting widening of its full-year losses.

The company announced a new £100m cost-saving plan and reinstated its dividend, which contributed to investor confidence.

Virgin Money UK advanced 2.74% after formally agreeing to be acquired by Nationwide in a £2.9bn deal, confirming a preliminary agreement announced earlier in March.

International Airlines Group (IAG), the owner of British Airways and Iberia, saw its shares ascend 2.9% following an upgrade to 'outperform' by RBC Capital Markets.

The upgrade cited potential upside to consensus expectations for 2024.

On the downside, Schroders, British American Tobacco, Crest Nicholson, Hikma Pharmaceuticals, and Beazley all saw decreases, as they traded without entitlement to dividends.

Savings and investment firm M&G fell 3.57% despite beating analysts' forecasts with its 2023 results.

Net client flows, adjusted profits, and operating capital generation improved significantly from the previous year.

Shares in automotive engineering group Dowlais dropped sharply by 9.94% despite announcing a £50m share buyback and pointing to stable revenues in 2024.

Computacenter also experienced a decline of 1.7%, despite reporting record revenue, gross profit, and adjusted earnings per share a day earlier.

Reporting by Josh White for

Market Movers

FTSE 100 (UKX) 7,882.55 1.88%

FTSE 250 (MCX) 19,741.31 1.32%

techMARK (TASX) 4,501.89 0.85%

FTSE 100 - Risers

St James's Place (STJ) 461.50p 10.33%

3i Group (III) 2,748.00p 8.83%

Airtel Africa (AAF) 97.75p 7.77%

Melrose Industries (MRO) 664.20p 6.99%

Next (NXT) 9,070.00p 6.98%

Halma (HLMA) 2,362.00p 6.97%

Croda International (CRDA) 5,004.00p 5.93%

JD Sports Fashion (JD.) 117.10p 5.92%

Anglo American (AAL) 1,923.80p 5.62%

Persimmon (PSN) 1,334.00p 5.62%

FTSE 100 - Fallers

Burberry Group (BRBY) 1,191.00p -3.25%

Prudential (PRU) 759.00p -2.77%

Centrica (CNA) 125.20p -2.38%

Smith & Nephew (SN.) 1,033.00p -2.36%

British American Tobacco (BATS) 2,362.00p -2.07%

Hikma Pharmaceuticals (HIK) 1,873.50p -2.06%

Reckitt Benckiser Group (RKT) 4,300.00p -1.56%

Unilever (ULVR) 3,907.00p -0.56%

Schroders (SDR) 378.80p -0.45%

Smurfit Kappa Group (CDI) (SKG) 3,584.00p -0.44%

FTSE 250 - Risers

Close Brothers Group (CBG) 398.00p 14.57%

Hochschild Mining (HOC) 124.70p 10.26%

Johnson Matthey (JMAT) 1,860.00p 8.93%

Marshalls (MSLH) 285.60p 8.59%

Mobico Group (MCG) 73.05p 8.54%

Future (FUTR) 641.00p 8.09%

TI Fluid Systems (TIFS) 169.00p 7.78%

Investec (INVP) 524.00p 6.72%

Shaftesbury Capital (SHC) 141.80p 6.70%

Genus (GNS) 1,829.00p 6.65%

FTSE 250 - Fallers

Computacenter (CCC) 2,696.00p -8.36%

Ferrexpo (FXPO) 43.74p -7.99%

Trustpilot Group (TRST) 192.50p -7.45%

Watches of Switzerland Group (WOSG) 343.60p -6.22%

Octopus Renewables Infrastructure Trust (ORIT) 72.90p -4.83%

Bytes Technology Group (BYIT) 515.50p -4.18%

Moonpig Group (MOON) 161.10p -3.88%

Bakkavor Group (BAKK) 100.50p -3.37%

Crest Nicholson Holdings (CRST) 197.00p -3.24%

Dr. Martens (DOCS) 87.05p -3.12%

More News
21 May 2024 10:00

IN BRIEF: Beazley confirms appointment of new CFO Barbara Jensen

Beazley PLC - London-based specialist insurance underwriter, managing six Lloyd's of London syndicates - Appoints new Group Chief Financial Officer Barbara Plucnar Jensen to its board with immediate effect. Jensen joined Beazley as CFO on May 1, having previously served as CFO of Danish insurance company Tryg AS which is the Nordic region's largest general insurance service provider. She replaces former CFO Sally Lake, who announced her resignation in August after five years in the role.

Read more
8 May 2024 09:39

LONDON BROKER RATINGS: UBS raises Centrica to 'buy' from 'neutral

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
3 May 2024 09:14

LONDON BROKER RATINGS: Jefferies cuts AJ Bell; Deutsche likes ConvaTec

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
30 Apr 2024 09:46

LONDON BROKER RATINGS: Deutsche says buy Barr, Britvic and Fevertree

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
29 Apr 2024 15:08

London close: Stocks manage to finish above the waterline

(Sharecast News) - London markets showed resilience on Monday, finishing in the green as investors looked to the start of the US Federal Reserve's policy meeting.

Read more
29 Apr 2024 09:06

Beazley maintains annual growth outlook after "solid start to year"

(Alliance News) - Beazley PLC on Monday hailed a "solid start to the year" and maintained its annual guidance for insurance premium growth in response.

Read more
29 Apr 2024 07:50

LONDON BRIEFING: Hipgnosis Songs Fund backs new Blackstone bid

(Alliance News) - London's FTSE 100 is called to open higher on Monday, with heady gains for US tech stocks on Friday brightening the mood in Europe and Asia at the start of the new week.

Read more
29 Apr 2024 07:08

Insurer Beazley keeps guidance after solid Q1 premiums growth

(Sharecast News) - Insurance group Beazley said that first-quarter results were in line with guidance with insurance written premiums (IWP) growing at high single digits.

Read more
26 Apr 2024 13:36

UK dividends calendar - next 7 days

Monday 29 April 
NatWest Group PLCdividend payment date
New Star Investment Trust PLCdividend payment date
Quartix Technologies PLCdividend payment date
Tuesday 30 April 
Abrdn Private Equity Opportunities Trustdividend payment date
Amedeo Air Four Plus Ltddividend payment date
Balanced Commercial Property Trust Ltddividend payment date
BioPharma Credit PLCdividend payment date
CT Private Equity Trust PLCdividend payment date
Doric Nimrod Air Three Ltddividend payment date
Doric Nimrod Air Two Ltddividend payment date
European Assets Trust PLCdividend payment date
Kings Arms Yard VCT PLCdividend payment date
Lowland Investment Cos PLCdividend payment date
Middlefield Canadian Income PCCdividend payment date
Shires Income PLCdividend payment date
US Solar Fund PLCdividend payment date
Wynnstay Group PLCdividend payment date
Wednesday 1 May 
Dalata Hotel Group PLCdividend payment date
NWF Group PLCdividend payment date
Thursday 2 May 
4imprint Group PLCex-dividend payment date
AB Dynamics PLCex-dividend payment date
Albion Development VCT PLCex-dividend payment date
Alfa Financial Software Holdings PLCex-dividend payment date
Ashtead Technology Holdings PLCex-dividend payment date
Atrato Onsite Energy PLCex-dividend payment date
Blackstone Loan Financing Ltdex-dividend payment date
British American Tobacco PLCdividend payment date
Carr's Group PLCex-dividend payment date
CLS Holdings PLCdividend payment date
Coats Group PLCex-dividend payment date
CQS New City High Yield Fund Ltdex-dividend payment date
Dunedin Income Growth Investment Trust PLCex-dividend payment date
Edinburgh Investment Trust PLCex-dividend payment date
Elementis PLCex-dividend payment date
FBD Holdings PLCex-dividend payment date
Genuit Group PLCex-dividend payment date
Glencore PLCex-dividend payment date
Global Opportunities Trust PLCex-dividend payment date
Henry Boot PLCex-dividend payment date
Hiscox Ltdex-dividend payment date
Inchcape PLCex-dividend payment date
IWG PLCex-dividend payment date
J Smart & Co (Contractors) PLC ex-dividend payment date
M&G Credit Income Investment Trust PLCex-dividend payment date
Mobeus Income & Growth VCT PLCex-dividend payment date
Nichols PLCdividend payment date
Octopus Apollo VCT PLCdividend payment date
Porvair PLCex-dividend payment date
Relx PLCex-dividend payment date
Robert Walters PLCex-dividend payment date
Schroders PLCdividend payment date
Seneca Growth Capital VCT PLC B ex-dividend payment date
Senior PLCex-dividend payment date
Zotefoams PLCex-dividend payment date
Friday 3 May 
Anglo American PLCdividend payment date
Beazley PLCdividend payment date
BP Marsh & Partners PLCdividend payment date
CT UK High Income Trust PLCdividend payment date
CT UK High Income Trust PLC - Class Bdividend payment date
European Smaller Cos Trust PLCdividend payment date
Glanbia PLCdividend payment date
Hikma Pharmaceuticals PLCdividend payment date
i3 Energy PLCdividend payment date
Marble Point Loan Financing Ltddividend payment date
Maven Income & Growth VCT 3 PLCdividend payment date
Maven Income & Growth VCT 5 PLCdividend payment date
North American Income Trust PLCdividend payment date
Pearson PLCdividend payment date
Segro PLCdividend payment date
Synectics PLCdividend payment date
TwentyFour Income Fund Ltddividend payment date
TwentyFour Select Monthly Income Fund Ltddividend payment date
Comments and questions to
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
22 Apr 2024 14:45

UK earnings, trading statements calendar - next 7 days

Tuesday 23 April 
Alphawave IP Group PLCFull Year Results
Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
Wednesday 24 April 
1Spatial PLCFull Year Results
abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Quilter PLCQ1 Results
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tracsis PLCHalf Year Results
Warpaint London PLCFull Year Results
Thursday 25 April 
Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Dillistone Group PLCFull Year Results
Focusrite PLCHalf Year Results
Gem Diamonds LtdTrading Statement
Hikma Pharmaceuticals PLCTrading Statement
Hummingbird Resources PLCTrading Statement
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
Pinewood Technologies Group PLCFull Year Results
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
Zinc Media Group PLCFull Year Results
Friday 26 April 
Facilities by ADF PLCFull Year Results
Kingspan Group PLCTrading Statement
NatWest Group PLC Q1 Results
Pearson PLCTrading Statement
Record PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Taylor Maritime Investments LtdTrading Statement
Monday 29 April 
Beazley PLCTrading Statement
Biome Technologies PLCFull Year Results
Christie Group PLCFull Year Results
Gresham Technologies PLCFull Year Results
Jadestone Energy PLCFull Year Results
Oxford BioMedica PLCFull Year Results
SpaceandPeople PLCFull Year Results
Comments and questions to
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
18 Apr 2024 14:12

UK shareholder meetings calendar - next 7 days

Friday 19 April 
Murray International Trust PLCAGM
Quantum Exponential Group PLCGM re delisting or potential investment in company
Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
Admiral Group PLCAGM
Beazley PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
Comments and questions to
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
11 Apr 2024 13:28

IN BRIEF: Beazley promotes former Hiscox executive to senior director

Beazley PLC - London-based specialist insurance underwriting, including managing six Lloyd's of London syndicates - Promotes Pierre-Olivier Desaulle to senior independent director, succeeding Christine LaSala when she steps down from the board following the company's annual general meeting on April 25. Desaulle has been on the Beazley board since January 2021. He is the former chief executive officer of Hiscox Europe, part of fellow insurer Hiscox Ltd.

Read more
8 Apr 2024 09:13

LONDON BROKER RATINGS: Wizz Air raised; HSBC cuts Rentokil to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
18 Mar 2024 15:33

London close: Stocks slip ahead of central bank decisions

(Sharecast News) - London markets closed with a slight downturn on Monday as investors monitored upcoming rate decisions from a number of central banks.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.