UPDATE: 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
Read moreLondon midday: Footsie flat on quiet morning
7th Apr 2010 12:04
Footsie has recovered its early losses but investors are struggling to find reasons push it any higher ahead of the US open. The share price of hedge fund giant Man has become a lot more volatile since it switched to more frequent updates of the performance of its flagship AHL fund. Last night th
Read moreLondon open: Blue chips drift lower
7th Apr 2010 08:51
Blue chips have opened lower following an indecisive performance in the US last night as concerns over the financial health of Greece resurfaced. Hedge fund giant Man is one of the few strong risers alongside property giants Land Securities and Hammerson. Mobile phone giant Vodafone is to launch a
Read moreLondon pre-open: Flat start expected
7th Apr 2010 07:37
Little movement is expected from Footsie in early dealings following an indecisive performance from US shares last night. Mobile phone giant Vodafone is to launch a customised version of Opera, the popular Internet browser, to run on low-cost handsets on 2G networks in a move aimed at developing ma
Read moreBeazley counts cost of Chilean earthquake
7th Apr 2010 07:14
Specialist insurer and reinsurer Beazley has announced its preliminary estimate of its exposure to claims arising from the Chilean earthquake and the European windstorm Xynthia. The company expects the losses from the earthquake to be in the range of $55m to $75m, though uncertainty still surrounds
Read moreNon-exec sells stake in Twilight distributor
26th Mar 2010 16:30
Non-executive Robert Lantos has sold his entire holding of ordinary shares in Entertainment One, which owns distribution rights to the Twilight vampire films. The Entertainment One share price has almost quintupled in the past year. Lantos gained his stake and board position after he sold his Cana
Read moreDeparting Serco chairman sells most of his stake
18th Mar 2010 16:37
Departing chairman Kevin Beeston has sold nearly all his remaining shares in outsourcing group Serco. Alastair Lyons will take up the chairmanship of the company after the Annual General Meeting on 11 May. Lyons has been non-executive chairman of Admiral Group since 2000. Beeston's departure mark
Read moreLondon close: Footsie flatlines
7th Jan 2010 16:46
A late afternoon rally fizzled out to leave London's blue chip index little changed on the day. Banks emerged from a sticky start as the day's best performers led by Barclays and Lloyds Bank, which both received decent write-ups in an otherwise cautious broker note from Keefe, Bruyette & Woods. It
Read more