Chesnara Share News (CSN)

Chesnara Acquires UK Life Insurance Business From Direct Line Insurance Group

BROKER RATING CHANGES: Liberum Initiates Trinity Mirror At Buy

Insurer Chesnara to buy Direct Line's closed life fund

Oct 8 (Reuters) - Insurance-focused takeover specialist Chesnara Plc said it would buy Direct Line Insurance Group Plc's domestic closed life insurance business for about 39.3 million pounds ($63.19 million) in cash. Chesnara, which has been looking to acquire life insurance funds in Wester

Direct Line offloads life business to Chesnara - UPDATE

FTSE 250 insurer Direct Line has agreed to sell its life insurance arm to closed book specialist Chesnara and return the profit to shareholders. The pair have agreed a £62m fee for Direct Line Life Insurance (DLL), with Chesnara paying £39.3m cash that parent Direct Line said it expected to result

STOCKS NEWS EUROPE-FTSE Small Caps index rises 0.2 pct

The FTSE Small Caps index rises 0.2 percent and the junior-listed AIM index is flat, both outperforming a 0.5 percent retreat for the mid-caps and the blue chips. Styles & Wood Group, the integrated property services and project delivery specialist, falls 8.5 percent after the company swing

Tuesday broker round-up UPDATE

Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a

Chesnara's results benefit from equity market growth

Insurance company Chesnara said the global investment market performance had a positive influence on its results in the first quarter. Equity markets improved, with the leading UK and Swedish indices increasing by 8.7%. The company's European Embedded Value (EEV) has increased by £33.7m to £344.8

STOCKS NEWS EUROPE-UK small caps climb 0.1 percent

UK small caps advance 0.1 percent, underperforming the wider market, with the mid-caps up 0.4 percent and the blue chips 0.3 percent firmer. Life assurance specialist Chesnara edges up 1 percent after issuing a solid trading update, prompting Panmure Gordon to lift its target price for the

STOCKS NEWS EUROPE-UK small caps gain 0.2 percent

UK small caps climb 0.2 percent, in line with the FTSE 100 index, while the midcaps advance 0.4 percent. Life assurance specialist Chesnara climbs 1.3 percent after the company unveils full-year results and hikes its dividend, with Panmure Gordon hiking its target price for the stock to 264

MOVES-Deutsche Bank, Chesnara

March 1 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, email to moves@thomsonreuters.com. DEUTSCHE BANK AG The Germany-based investment bank named Igor Lojevsky as vice-chairman of its asset & wealth mana

Chesnara churns out cash but Sweden is a concern

The legion of income investors with holdings in Chesnara will be pleased to see that the insurance company has once again upped its interim dividend, to 6.1p from 5.95p the year before. It may be unusual to highlight a dividend payment in a company's interim results, but when a stock yields more th

Glencore boss strikes again, LSE boss sells

Glencore International's Chief Executive Officer Ivan Glasenberg bought himself another chunk of shares in the mining titan, his third in the past week, it was announced on Tuesday. Since earning a whopping $110m in the latest dividend payout at the start of this month, the director has paid out j

Diageo CEO offloads 90,000 shares

Paul Walsh, the Chief Executive Officer (CEO) at Diageo, the FTSE 100 beverage giant, has sold off a bumper-load of shares in the firm. Walsh, who disposed of 90,000 shares at 1,500.00p each, made the transaction on February 13th, just a few days after the company reported an 8% rise in net sales

Sector movers: Old Mutual boosts life insurers after Nordic sale

Life insurance stocks were on the rise on Thursday afternoon, helped by FTSE 100 savings, investment and insurance group Old Mutual. Shares in Old Mutual roared higher on Thursday after announcing that it is to sell its Nordic business Skandia AB for £2.1bn in an effort to "reduce complexity" and p

Chesnara happy to be an income stock

A dividend hike at life assurance company Chesnara was not enough to stop shares sliding after first half profits fell dramatically. The firm proposed a 5.95p interim dividend per share, an increase of 2.6%, but this was overshadowed by pre-tax profits which fell to £3.8m from £12m the previous yea