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Brokers bearish on Aviva and Direct Line
Barclays Capital and Deutsche Bank were bearish on insurance and savings groups on Wednesday as the markets continue to react to last week’s Brexit vote
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LON:LGEN
Legal & General Group PLC is a holding company for a group of risk, savings and investment management businesses. Its risk business is engaged in the provision of financial security for customers and their families, including life assurance, critical illness cover, retirement income, and buildings and contents insurance.
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Barclays Capital and Deutsche Bank were bearish on insurance and savings groups on Wednesday as the markets continue to react to last week’s Brexit vote
London’s FTSE 100 index rose on Tuesday and ended above 6,000 points as some calm returned to the bourse after three days of frantic trading in the wake of Britain’s shock referendum decision to quit the European Union
The FTSE 100 Index lifted 160 points to 6142 while BBA Aviation flew higher
Major share price risers and fallers in London at 12.30pm
Yesterday, FTSE closed beneath the 6,000 level but is now up 115, or 2% at 6,097.
Qinetiq Group, Tate & Lyle and Legal & General are set to be among the announcements on Thursday.
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Known primarily as a closed book consolidator, the company's latest acquisition will write new business, to ensure the company's income stream grows steadily
There is a good chance Kalibrate's petrol station forecourt software will be put through its paces on Wednesday evening after the chancellor of the exchequer's budget speech.
Chancellor of the Exchequer George Osborne gives his budget speech on Wednesday
A light hearted look at shareholder perks that are available. Great news for beer swilling clothes horses in need of a telephone line rental.
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ASOS, Boo and SuperGroup to have full stockings, while M&S, Halfords and SPorts Direct may be disappointed says Peel Hunt
Andy Haldane, the BoE’s chief economist, worked out up to 15mln of us could lose our jobs to robots in the coming decades.
Marks reports on Wednesday, while a host of other companies report alond with a slew of economic data.
Investments and investor services
In the UK, things were looking better than they were after the data release, with the FTSE100 ending almost 60 points higher, around 1%, to 6,129.
The U.S. economy created just 142,000 new jobs in September and the number of new hires in August and July was also revised lower.
Banks were on the up as an exit from the PPI black hole is possibly in sight.
Below are some of the main news-driven share price changes at 4pm.
ABF, Sophos, Legal & General, Ferrexpo, TUI and Poundland are all in Thursday’s broker spotlight
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The shift to bulk annuity sales appears to have helped the savings firm.
Investments and investor services
HSBC and Standard Chartered are often bracketed together because of their focus on Asian markets, and they continue their double-act this week.
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It’ll soon be time for summer holidays, but first City brokers handed out a upgrades in the travel and leisure sector.
It’ll soon be time for summer holidays, but first City brokers handed out a upgrades in the travel and leisure sector.