Insurers set to raise dividends in results week August 1, 2010 THE INSURANCE sector earnings season is expected to deliver growing profits and dividend increases this week, though uncertainty over new European rules could dampen forecasts, according to analysts. Legal & General is set to kick off on Wednesday with a widely tipped dividend rise. Analysts have forecast operating profits of up to £412m for the [...]
Failed $400m RidgeWorth deal hits Henderson’s profits July 8, 2010 FUND management group Henderson said yesterday its failed takeover of US fund manager RidgeWorth had made a sizeable dent to its profit forecasts. In a trading update, Henderson said recurring profits for the six months to end-June will be between £47m and £49m – six per cent lower than expected. That compares with the £27m [...]
EARNINGS SEASON | CALENDAR August 1, 2010 Monday 2 August Xchanging – UK Thomas Cook – UK Hammerson – UK Tullett Prebon – UK HSBC – UK Intertek – UK Mouchel – UK Qinetiq – UK Berkshire Hathaway – US Warner Music Group – US Linde – Germany BNP Paribas – France Air Liquide – France Tuesday 3 August ITV – UK [...]
EARNINGS SEASON | CALENDAR August 1, 2010 Monday 2 August Xchanging – UK Thomas Cook – UK Hammerson – UK Tullett Prebon – UK HSBC – UK Intertek – UK Mouchel – UK Qinetiq – UK Berkshire Hathaway – US Warner Music Group – US Linde – Germany BNP Paribas – France Air Liquide – France Tuesday 3 August ITV – UK [...]
CITY VIEWS: HAS THE CITY STARTED TO QUIETEN DOWN IN THE SUMMER? July 26, 2010 RACHEL NEWTON | BREWIN DOLPHIN “I think people have become more optimistic as the weather has improved. But until the government’s spending review comes out in the autumn there’s still going to be a lot of uncertainty in the City. In the public sector too, people still seem anxious about spending cuts.” RUSSELL LAMB | [...]
FTSE remains flat as takeover moves are offset by weak Japanese survey August 16, 2010 BRITAIN’S top shares closed flat yesterday as concerns over economic recovery after weak data from Japan offset firmer miners, led up by Vedanta Resources which made its play for a controlling stake in Cairn India. The FTSE 100 ended up 0.66 points at 5,276.10, having closed up 0.2 per cent on Friday. “Investors continue to [...]
Aviva buys US equities house January 5, 2010 AVIVA Investors has bolted on a US equities operation through the takeover of River Road, a Kentucky-based boutique asset manager, for an undisclosed sum. The British insurer’s funds arm said the acquisition would complement its existing fixed income presence in the US and help it win more institutional mandates in North America. River Road has [...]
Pru investors to rebel over executive pay June 6, 2010 THREE major investors are voting against Prudential’s remuneration package, heaping more misery on the embattled firm. Aviva Investors, Schroders and Co-operative Investments, all top 40 investors, say the awards being offered to two new executives, which have come under scrutiny lucrative “golden hello” deals, are unacceptable. The remuneration package is still expected to pass at [...]
City heavyweights poised to swoop for government assets July 8, 2010 A PAIR of prominent City figures are drawing up secret plans to launch a bid for one of the banks owned by British taxpayers, according to Sky News. It has been reported that Lord Levene, chairman of Lloyd’s of London, and Sir David Walker are backing a new acquisition vehicle that will list on the [...]
City heavyweights poised to swoop for government assets July 8, 2010 A PAIR of prominent City figures are drawing up secret plans to launch a bid for one of the banks owned by British taxpayers, according to Sky News. It has been reported that Lord Levene, chairman of Lloyd’s of London, and Sir David Walker are backing a new acquisition vehicle that will list on the [...]