Join our Investor Webinar on the 3rd December 18:00-19:30, with speakers from Sunda Energy and Blencowe Resources. Please register here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

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: 760.00
Bid: 756.00
Ask: 757.00
Change: -6.50 (-0.85%)
Spread: 1.00 (0.132%)
Open: 766.00
High: 768.50
Low: 756.00
Prev. Close: 766.50

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

STOXX 600 recovers early losses on US jobs data relief

Thu, 08th Aug 2024 17:26

Novo rebounds on positive read-across from Lilly

*

Siemens jumps after profit beat

*

Allianz rises on Q2 beat

*

Deutsche Telekom up after increase in Q2 core earnings

*

STOXX 600 up 0.1%

Aug 8 (Reuters) - Europe's benchmark stock index recouped early losses to close slightly higher on Thursday, helped by encouraging U.S. jobs market data and as the heavy-weight healthcare sector got a boost from Novo Nordisk's recovery.

The STOXX 600 closed 0.1% higher, after a sharp early decline in technology stocks knocked the pan-European index down over 1% intraday.

Data showed weekly U.S. jobless claims fell more than expected, suggesting fears of a sharp weakening in the labour market, which in part had fuelled U.S. recession fears, were overblown.

"Just because the labour market is cooling off doesn't mean we're (U.S.) entering into a recession. While there has been renewed worry about the labour market, we believe it's overblown," said from Skyler Weinand, chief investment officer, Regan Capital.

As European stocks recovered after the data, Wall Street also enjoyed strong gains for the day.

The STOXX 600 has been volatile this week as investors evaluated fears of a potential U.S. recession and looked for clear macroeconomic signals, both at home and globally.

German inflation data, due on Friday, will give investors a clearer picture on Europe's largest economy as it teeters on the verge of a recession.

Europe's largest company by market value, Novo Nordisk , rose 4.3%, recovering more than half of Wednesday's near 7% slide, as rival Eli Lilly's raised its annual sales forecast, boding well for the Danish drug maker.

Healthcare was among the top sectoral gainers, also boosted by a 8.3% jump in British drugmaker Hikma Pharmaceuticals on an upbeat annual outlook, while media was the worst hit sector.

Allianz gained 2% after the German insurer posted a better-than-expected rise in second-quarter net profit and said it was on track to meet its full-year target.

Several other European insurers recorded bumper first-half profits on Thursday, such as Zurich Insurance, Munich Re and London's Beazley.

Siemens rose 2.1% after beating quarterly earnings forecasts.

Deutsche Telekom was up 1.9% after the telecom firm reported a 7.8% increase in its second-quarter core earnings, while Entain climbed 5% as the British gambling group raised its annual revenue forecast.

Meanwhile, valve maker Spirax-Sarco Engineering dropped 7.4% after results, while German sportswear maker Puma fell 4% as a raft of brokerage price-target cuts followed Wednesday's dismal earnings. (Reporting by Pranav Kashyap and Ankika Biswas in Bengaluru; Editing by Sonia Cheema, Varun H K and Christina Fincher)

More News
6 Nov 2024 09:40

TOP NEWS: Beazley backs its interim guidance following premium growth

(Alliance News) - Beazley PLC on Wednesday revealed it is on track to meet its guidance for 2024 following strong growth in its written premiums.

Read more
6 Nov 2024 08:54

LONDON MARKET OPEN: Stocks rise as Donald Trump declares victory

(Alliance News) - Stock prices in London opened higher on Wednesday morning, with the dollar surging as investors bet on Trump's increasingly likely US election win, and as composite PMI releases from France and Germany are coming in.

Read more
6 Nov 2024 07:49

LONDON BRIEFING: Beazley to deliver on guidance; M&S profit jumps

(Alliance News) - The FTSE 100 was called 1.1% higher early Wednesday as Donald Trump moves closer to a victory in the US presidential election, winning key swing state Pennsylvania.

Read more
6 Nov 2024 07:37

Beazley expects up to $175m hit from Helene and Milton hurricanes

(Sharecast News) - Insurance group Beazley has reiterated its profitability guidance for the full year after a solid third quarter, as it estimated a hit of up to $175m from Hurricanes Helene and Milton.

Read more
30 Oct 2024 15:08

UK earnings, trading statements calendar - next 7 days

Thursday 31 October 
Coca-Cola HBC AGTrading Statement
Grit Real Estate Income Group LtdFull Year Results
Haleon PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Seeing Machines LtdFull Year Results
Shell PLCQ3 Results
Smith & Nephew PLCTrading Statement
Spectris PLCQ3 Results
Zotefoams PLCTrading Statement
Friday 1 November 
no events scheduled 
Monday 4 November 
Empiric Student Property PLCQ3 Results
Kingspan Group PLC Trading Statement
Kosmos Energy LtdQ3 Results
Ryanair Holdings PLCHalf Year Results
Tuesday 5 November 
Asos PLCFull Year Results
Associated British Foods PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
EnSilica PLCFull Year Results
International Workplace Group PLCTrading Statement
Smiths News PLCFull Year Results
TI Fluid Systems PLCQ3 Results
TP ICAP Group PLCTrading Statement
Weir Group PLCTrading Statement
Wednesday 6 November 
Beazley PLCTrading Statement
Braemar PLCHalf Year Results
Conduit Holdings LtdQ3 Trading Statement
Domino's Pizza Group PLCTrading Statement
dotdigital Group PLCFull Year Results
JD Wetherspoon PLCTrading Statement
Lancashire Holdings LtdQ3 Results
Marks & Spencer Group PLCHalf Year Results
MaxCyte IncQ3 Results
Morgan Sindall Group PLCTrading Statement
OSB Group PLCTrading Statement
Persimmon PLCTrading Statement
TBC Bank Group PLCQ3 Results
Totally PLCHalf Year Results
Wise PLCHalf Year Results
  
Comments and questions to newsroom@alliancenews.com
  
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
22 Oct 2024 09:40

LONDON BROKER RATINGS: UBS trims Hiscox price target, raises Beazley's

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

Read more
18 Oct 2024 09:44

LONDON BROKER RATINGS: Deutsche Bank cuts Compass Group to 'hold'

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

Read more
10 Oct 2024 14:58

London close: Stocks red as US inflation, jobless claims top forecasts

(Sharecast News) - London's stock markets ended Thursday in negative territory as investors weighed a higher-than-expected inflation and jobless claims readings out of the United States.

Read more
9 Oct 2024 19:34

Hurricane Milton could cost insurers up to $100 billion, analysts say

Milton loss could reach $100 billion, matching Katrina

*

Read more
9 Oct 2024 16:04

Hurricane Milton could cost insurers up to $100 bln, analysts say

Milton loss could reach $100 bln, matching Katrina

*

Read more
9 Oct 2024 10:30

Hurricane Milton could cost insurers $60 bln, raise reinsurance rates, RBC says

Hurricane Milton loss could be $60 bln, similar to Hurricane Ian in 2022- RBC

*

Read more
2 Oct 2024 11:55

DIRECTOR DEALINGS: Judges Scientific non-exec follows CEO in selling

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News:

Read more
1 Oct 2024 11:55

IN BRIEF: Beazley completes USD325 million share buyback

Beazley PLC - London-based specialist insurance underwriter, managing six Lloyd's of London syndicates - Completes the USD325 million share buyback programme that it launched back in March. A total of 37.3 million shares were bought back by Deutsche Numis, who conducted the buyback for Beazley.

Read more
25 Sep 2024 17:02

LONDON MARKET CLOSE: Stocks dip after bright start as oil majors weigh

(Alliance News) - London's blue-chip index conceded early gains to close lower on Wednesday as index heavyweights BP and Shell dropped as oil prices eased.

Read more
25 Sep 2024 09:36

LONDON BROKER RATINGS: JPMorgan cuts Smiths, Burberry price targets

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

Read more

Track Your Investments

Register for FREE

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.