UK SMALLCAP ROUNDUP: Salamander Energy: Vietnam Well Dry
23rd Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SALAMANDER ENERGY PLC (SMDR.LN), an oil and gas firm, Friday said it didn't find any oil at an exploration well offshore Vietnam, marking another setback
Read moreINTERVIEW: Beazley Still Cautious On Recession-Related Claims
23rd Jul 2010 08:18
By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Specialist Lloyd's of London insurer Beazley PLC (BEZ.LN) is keeping a cautious outlook on recession-related claims on professional indemnity cover, Chief Executive Andrew Horton said Friday, despite recent falls in claims levels
Read moreFX gain aids Beazley profit surge
23rd Jul 2010 08:06
Specialist insurer and reinsurer Beazley delivered a big rise in profits during the first half despite intense competition and a series of catastrophe losses. Profit for the six months ended 30 June jumped to $115.5m from $30.1m a year earlier, partly thanks to an exceptional foreign exchange gain
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jul 2010 07:52
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0652 GMT [Dow Jones] Beazley's (BEZ.LN) interim results are strong says KBC Peel Hunt with EPS of $0.18 well ahead of the bro
Read moreMARKET TALK: Beazley Results Strong, Beating Expectations
23rd Jul 2010 07:52
0652 GMT [Dow Jones] Beazley's (BEZ.LN) interim results are strong says KBC Peel Hunt with EPS of $0.18 well ahead of the brokerage's and consensus expectations. Says total pretax profit of $115.5M is boosted by an excellent reserving performance. Says the group's Chilean and Deepwater Horizon losse
Read moreBeazley 1H Pretax Profit Soars To $115.5M, Raises Dividend
23rd Jul 2010 07:25
LONDON (Dow Jones)--Specialist Lloyd's of London insurer Beazley PLC (BEZ.LN) Friday posted a significant rise in first-half pretax profit, boosted by a $33.7 million foreign exchange gain, but said the "intense competition" in many lines of insurance is likely to continue to hit rates. Chief Ex
Read moreMellon adds to Speymill Deutsche stake
22nd Jun 2010 17:03
Speymill Deutsche Immobilien Property Company non-executive director Jim Mellon has been buying shares in the AIM-quoted property investment company just after it has agreed to take over the management of its own property portfolio. Mellon bought 5m shares at €0.05772 a share and 2m shares at €0.06
Read moreUPDATE: Brit Insurance Shares Leap After Apollo Takeover Bid
11th Jun 2010 14:17
(Adds bid details, Apollo comment.) By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares of U.K. insurer and reinsurer Brit Insurance Holdings NV (BRE.LN) rocketed on Friday after the company said late Thursday it had rejected a takeover offer from a private equity group
Read moreFOCUS: Brit Insurance Offer May Usher UK Non-Life Sector M&A
11th Jun 2010 10:51
By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--An indicative takeover offer for Brit Insurance Holdings NV (BRE.LN) this week, though rejected by the company, could herald the start of merger-and-acquisition activity in the U.K.'s non-life insurance sector. Brit Insuranc
Read moreBeazley Buys Back 0.4M Shares At 113.0P Each
9th Jun 2010 08:18
LONDON (Dow Jones)--Beazley PLC (BEZ.LN) said Wednesday it purchased 362,854 Ordinary Shares of 5 pence each at an average price of 112.998 pence per share. MAIN FACTS: -The highest price and lowest price paid for these shares was 113.00 pence and 112.80 pence respectively. -All the purc
Read moreBeazley Buys 377,612 In Own Shares
8th Jun 2010 08:34
LONDON (Dow Jones)--Beazley PLC (BEZ.LN), announced Tuesday it has purchased 377,612 Ordinary Shares of 5 pence each at an average price of 114.00 pence per share. MAIN FACTS: -All the purchased shares will be held as Treasury shares. -Shares at 0732 GMT down 0.10 pence, or 0.09%, at 113
Read moreHiscox and Beazley escape major Deepwater hits
12th May 2010 11:45
Hiscox has dodged any major payout relating to the Deepwater Horizon, Gulf of Mexico disaster, with the Lloyds underwriter putting its exposure at below £10m. "Hiscox is a leading underwriter of offshore energy business but relative to our size we have a small exposure to this event. For an industr
Read moreThursday tips round-up: Petrofac, Antofagasta, Electrocomponents
8th Apr 2010 06:44
EnQuest is the combination of Petrofac's UK North Sea fields with those of Swiss group Lundin Petroleum. It contains assets such as a 27.7% stake in West Don field in the West of Shetland and other blocks in the vicinity. Over the weekend, shareholders should have received one share in EnQuest for
Read moreLondon close: Footsie retreats from 21-month high
7th Apr 2010 17:18
An attempted rally by blue-chip stocks petered out in the final hour of trading and the Footsie finished close to its low for the day. Miners were a drag on the index throughout the day though gold miner Randgold Resources was a bright spot. Hedge fund giant Man was the best performer. Last night
Read moreLondon afternoon: Footsie in drift mode
7th Apr 2010 14:46
Footsie is becalmed after a weak start in the US and mixed news on the UK economy. Hedge fund giant Man remains the best performer. Last night the company disclosed that the net asset value of the AHL fund had risen 3.81% last week, prompting brokers Execution Nobel to rush out a 'buy' note, while
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