13 Mar 2018 11:51
CANADA STOCKS-Futures up ahead of U.S. inflation data
March 13 (Reuters) - Futures for Canada's main stock index pointed to a higher opening on Tuesday ahead of a U.S. inflation reading later in the on up
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Don't have an account? Click here to register.Novae profits down on foreign exchange movements
Wed, 05th Aug 2015 15:16
(ShareCast News) - Insurance business Novae posted a 20% fall in first half pre-tax profits due to foreign exchange movements.The company posted first half profit before tax of £16.9m, a 20.6% decline year-on-year after adverse foreign exchange movements had a £12.1m impact on the balance sheet.The group indicated that had it not been for the currency valuations, it would have posted profit before tax up 28.3% on the year before, to £29m.The insurer improved gross written premiums by 27%, to £463.1m, while net tangible asset value per share was down 4.1% to 500.2p, which the company said reflected profits and payment of final and special dividends in May.The board declared an interim dividend of 7.3p, which was a 10.6% increase on last year's interim dividend.Novae said headwinds such as pressure on premium rates, low investment returns and increased regulation would persist.Novae shares were down 0.34% to 730.50p at 1608 BST on Wednesday.
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9 Mar 2018 15:08
CANADA STOCKS-TSX up slightly as full-time jobs drop offset by oil, metals gains
By Nichola Saminather TORONTO, March 9 (Reuters) - Canada's main stock index was marginally higher on Friday as a drop in full-time jobs wage 1
Read more17 Jan 2017 09:44
Reeken Patel joins Novae as finance chief
(ShareCast News) - Novae Group announced the appointment of Reeken Patel as executive director and group chief financial officer, on Tuesday. The London-listed company said the appointment remained subject to regulatory approval. "Patel has an outstanding track record as a member of the executive t
Read more8 Dec 2016 10:20
Novae shares plunge as Canaccord cuts rating to 'hold' after FY warning
(ShareCast News) - Shares in Lloyd's of London insurer Novae Group plunged on Thursday as Canaccord Genuity downgraded its recommendation to 'hold' from 'buy' and cut the target price to 800p from 900p. The downgrade came after Novae warned that larger individual risk and catastrophe losses in the y
Read more25 Aug 2016 15:05
3 Aug 2016 12:31
Lloyd's Novae remains "confident" about Brexit as profit soars
(ShareCast News) - Lloyd's insurance underwriting company Novae said it was cautious about Brexit but remained "confident" that a London insurance company outside of the EU can flourish, as it reported a rise in half year profits. Novae, an underwriting business at Lloyd's of London, has access to t
Read more13 May 2016 15:03
4 May 2016 15:12
4 May 2016 15:12
18 Apr 2016 07:39
BUZZ-Lloyd's insurers: Peel Hunt details Japan quake exposure
** Peel Hunt says The Lloyd's insurers are likely to be exposed to commercial and industrial losses from a major earthquake in the southern Japanese island of Kyushu on April 16 ** Says no loss estimates are available from the catastrophe modelling agencies, but media reports suggest some m
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