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Life insurance stocks were on the rise on Thursday afternoon, helped by FTSE 100 savings, investment and insurance group Old Mutual. Shares in Old Mutual roared higher on Thursday after announcing that it is to sell its Nordic business Skandia AB for £2.1bn in an effort to "reduce complexity" and p
Read moreOld Mutual, the savings and investment group, leapt into the top spot on news it is to sell its Nordic business Skandia AB for £2.1bn in an effort to "reduce complexity" and pay down debt. The deal, which still needs regulatory and shareholder approval, is expected to complete during the first quar
Read moreLegal & General's vice chairman and senior indepedent director Henry Staunton purchased over £10,000-worth of shares, one month after the firm reported a slight drop in sales. Staunton, who was appointed to the board in 2004, bought 9,708 shares at 105.60p each for a total of £10,252. At the sta
Read moreFinancials led the decline on Monday, bearing the brunt of Eurozone contagion fears. All eyes were on the bond market as yields on Italian and Spanish debt crept higher. ALL EYES ON BOND MARKETS The Italian Treasury met its target after issuing €3bn in five-year debt today, and while demand improv
Read moreInsurers were among the worst performers of the day, as the broader financial sector was weighed down by concerns over rising bond yields in Italy and Spain. FTSE 100 life insurance peers Prudential, Legal & General and Resolution were among the heaviest fallers on the blue chip index, while Phoeni
Read moreThe Ministry of Defence will this week award contracts worth up to £420m to Interserve to maintain four overseas military bases. The group will provide electrical, mechanical and building services for bases in Cyprus, Ascension Island, Gibraltar and the Falkland Islands, where Prince William is to s
Read moreThe Independent looks at Randgold Resources which issued a management statement yesterday and was one of the FTSE 100's biggest climbers. The numbers for the third quarter were impressive with a huge rise in revenues and profits over the equivalent period of 2010. That said, there are a few dark clo
Read moreG4S: Credit Suisse upgrades from neutral to outperform, target raised from 240p to 285p. Standard Chartered: Evolution Securities downgrades from buy to neutral, target unchanged at 1,800p. Standard Chartered: Nomura maintains buy rating and 1,800p target. Next: Investec places 2,350p target unde
Read moreWith a surprise referendum vote on the Greek bail-out announced, a mass sell-off was seen in stock markets across the globe on Tuesday, not helped by some worrying manufacturing data at home and away. The Footsie may have finished some 78 points off its intraday lows, but that wasn't enough to pul
Read moreMan Group was heading lower despite Credit Suisse reiterating its outperform rating and 235p target on the stock. The stock has been contaminated by association with its former subsidiary, US futures broker MF Global, which applied for bankruptcy yesterday. Barclays was close behind after UBS downg
Read moreNews that Greece is to hold a referendum on its latest bailout package and some worrying economic data at home and away rattled the markets on Tuesday, with the Footsie dropping close to 3%, while other European benchmarks fell by between 4% and 5%. GREEK REFERENDUM SCARES MARKETS The decision by
Read moreMan Group: Credit Suisse reiterates outperform rating and 235p target. Barclays: UBS downgrades from buy to neutral, target raised from 208p to 215p. Barclays: Investec keeps buy rating and 330p target. Legal & General: Nomura keeps buy rating and 180p target. Legal & General: Investec keeps sel
Read moreThe Footsie lost a further 2% on Tuesday morning on the news that Greece is to hold a referendum on the latest bailout announced last week. The decision by George Papandreou, the Greek Prime Minister, to hold a referendum on the details of the Greek bailout tortuously negotiated by Eurozone leaders
Read moreThe decision by George Papandreou, the Greek Prime Minister, to hold a referendum on the details of the Greek bailout tortuously negotiated by Eurozone leaders, has sent markets into reverse. City sources predict the FTSE 100 will open down 95 points from yesterday's close of 5,544. Security solu
Read moreLegal and General saw sales drop slightly in the third quarter but the company preferred to focus on its cash generation, which is said remains strong. Operational cash rose to £736m in the three months to the end of September from £628m in the same period a year ago, while net cash generation was
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