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Legal & General has signed a deal to reinsure 136m euros of New Ireland Assurance's existing and future annuity business. The insurance and investment company said the agreement with New Ireland was its first annuity transaction outside the UK, allowing it to expand its reach to new markets. The r
29 Apr 13 08:11Insurance giant Standard Life was a strong riser after beating analysts' predictions in the first quarter after delivering strong sales and group assets under administration. The group recorded a 24% increase in long-term savings sales to £6.3bn and a 26% increase in long-term savings net flows to
24 Apr 13 15:09Stocks had trimmed gains and were trading broadly flat by Wednesday lunchtime as markets gave a mixed reaction to weak economic data from Germany with traders guessing at whether the figures will prompt the European Central Bank (ECB) to cut interest rates. However, the cautious mood on market this
24 Apr 13 11:49Standard Life surges to the top of the FTSE 100 leaderboard after announcing that its net flow of new money more than doubled year on year in the first three months of 2013. The British insurance firm rises 6.3 percent after announcing that it's assets under management rose to 7 percent in
24 Apr 13 08:30Admiral Group: Deutsche Bank takes target price from 1140p to 1300p retaining a hold recommendation. African Barrick Gold: Deutsche Bank ups target price from 173p to 180p staying with its hold recommendation. Albemarle & Bond: Canaccord Genuity reduces target price from 280p to 146p and downgrade
22 Apr 13 07:20"One of the biggest corporate deals in history edged closer yesterday after Verizon said that it was 'extremely confident' it could buy Vodafone's stake in North America's largest mobile network without triggering a huge tax bill," The Times says. Vodafone owns a 45 per cent stake in Verizon Wireles
19 Apr 13 06:55African Barrick Gold: Deutsche Bank cuts target price from 230p to 173p, while its hold recommendation is reiterated. Ashmore Group: Morgan Stanley raises target price from 395p to 444p and maintains an equal-weight rating. Ashtead Group: Jefferies increases target price from 615p to 690o and reit
17 Apr 13 07:20African Barrick Gold: Citigroup cuts target price from 267p to 175p and keeps its sell recommendation. African Minerals: Goldman Sachs lowers target price from 420p to 410p keeping a buy recommendation. Citigroup moves target price from 440p to 430p and retains a buy recommendation. Anglo American
15 Apr 13 09:50* FTSE 100 down 0.5 percent on day * Technical charts show room for more gains * HSBC upgrades British equities to 'overweight' By Toni Vorobyova LONDON, April 12 (Reuters) - Britain's FTSE 100 edged lower on Friday, with concerns about a fresh flare up of the euro zone cr
12 Apr 13 16:04The FTSE 100 was pulling back on Friday morning after four consecutive days of gains as investors turned cautious ahead of a meeting of Eurozone finance ministers in Dublin. Results due out from US banking giants JPMorgan Chase and Wells Fargo later today were also making markets nervous, with stoc
12 Apr 13 11:55* FTSE 100 down 0.4 percent * 50-day moving average acts as floor for weakness * Euro zone concerns resurface as finance ministers meet By Toni Vorobyova LONDON, April 12 (Reuters) - Britain's top share index succumbed to profit-taking on Friday after its best four-day run
12 Apr 13 11:48Renewed concerns about the Eurozone were weighing on markets on Friday morning with the FTSE 100 pulling back after four consecutive days of gains ahead of a meeting of European finance ministers later today. It was revealed yesterday in a draft of the updated rescue plan for Cyprus that the countr
12 Apr 13 08:40Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in
12 Apr 13 07:25Steve Good, the Group Chief Executive of materials group Low & Bonar, has sold a significant portion of the 1.4m shares that recently vested under the company's long-term incentive plan. Of these, he sold 908,676, taking his total stake in the company to 919,098. Mike Holt, the group's Finance Di
11 Apr 13 16:13* UK rented private housing returned 8.9 pct in 2012 * Residential returns beat commercial property * Govt incentives expected to boost investment By Brenda Goh and Tom Bill LONDON, April 5 (Reuters) - Insurers and pension funds are poised to spend 7 billion pounds ($11 bi
5 Apr 13 09:22
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