(ShareCast News) - Esure shares tumbled on Thursday following the completion of the demerger of price comparison website GoCompare.com. RBC Capital Markets downgraded its stance on the stock to 'underperform' from 'outperform' and slashed the price target to 180p from 305p as it removed GoCompare ea
Read more(ShareCast News) - Esure Group confirmed on Thursday that it completed the demerger of Gocompare.com Group from the group. Shares in Gocompare.com were admitted during the morning to the premium segment of the Official List, and to trading on the main market of the London Stock Exchange. "The proce
Read more(ShareCast News) - Pharmaceuticals giants want the government to plug a £1bn-a-year funding gap that will be created when Britain leaves the EU, as part of a list of demands being drawn up by big business after last week's deal with Nissan. After the Japanese car maker said it would make two new mod
Read more(ShareCast News) - FirstGroup: Goldman Sachs keeps at buy with a target price of 168p. Esure: Berenberg stays at sell, 238p target. Anglo American: Deutsche Bank reiterates hold with a 965p target. Intertek: UBS reiterates buy with a 4100p target. Sainsbury: Goldman Sachs reiterates sell with a 1
Read more(ShareCast News) - Esure updated the market on its proposed demerger of Gocompare.com on Tuesday, saying shareholders get to vote on it at a general meeting on 1 November. The group had announced plans in September to spin off its financial services comparison website via a flotation on the London S
Read more(ShareCast News) - Esure's plans to de-merge Gocompare, its price comparison website, makes sense, the Financial Times's Lex column said. "There is trapped value there," Lex added. Insurance companies are all about managing risk and are sustained on capital, whereas the website is a wholly diffe
Read more(ShareCast News) - Insurer Esure has begun working on plans to spin off its financial services comparison website GoCompare.com via a flotation on the London main market. The FTSE 250 company said the spin-out had the potential to enhance business growth, performance and shareholder value, after a s
Read more(ShareCast News) - Motor insurance group Esure is reportedly set to unveil plans this week for the demerger of its price comparison business, GoCompare. According to Sky News, Esure's board is expected to sign off on the £500m demerger in the next few days. It was understood that under the demerger
Read more(ShareCast News) - HSBC upgraded RSA Insurance to 'buy' from 'hold' and raised the price target to 595p from 520p despite the strong share price performance. The bank noted RSA shares are up 19% year-to-date, outperforming the FTSE 100 index and the DJ Stoxx Insurance index by 9% and 36%, respective
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