Insurer Direct Line reported a 5% drop in gross written premiums for the first quarter on Wednesday and warned that claims associated with the cold weather at the beginning of the year would eat up its full annual weather budget.
Randgold Resources: Canaccord upgrades to buy with a target price of 7,000p
Direct Line announced bumper dividend payments as the insurance company posted a more than 50% increase in annual operating profit.
Virgin Money Holdings: RBC Capital Markets downgrades to underperform with a target price of 250p.
Moneysupermarket.com: Barclays downgrades to sector perform with a target price of 350p.
Direct Line guided toward a much bigger profit for 2017 than the market was expecting, thanks to good results from motor and commercial insurance and lower than expected weather claims.
Barclays upgraded its stance on Direct Line to 'overweight' from 'equalweight' and lifted its price target to 413p from 384p as it took a look at motor insurers.
Life insurers are not as overpriced as many investors believe, said JP Morgan Cazenove in a note on Friday, but an expected shifting pricing backdrop in 2018 saw it upgrade Lancashire but downgrading Admiral and Hastings.
Early strong gains in European stockmarkets stuck this time, amid US tax reform progress that boosted the dollar's value and after news broke of a possible breakthrough in Brexit talks.
Dialog Semiconductor said on Monday that Apple, its largest client by far, could potentially design its own power management chips "in the next few years", sending shares in the UK-based, German-listed chip maker into red for the second day in a row.
Apple will use power chips designed in-house for iPhone built in 2018, reports suggested on Thursday, sending shares in UK-based chip designer Dialog Semiconductor crashing.
Direct Line issued a mixed update for the first nine months of the year, in which it warned that the impairment charge in 2017 could exceed that incurred last year.
RSA Insurance got a boost on Tuesday as JPMorgan Cazenove upgraded the stock to 'overweight' from 'neutral' as it took a look at the UK non-life sector.
Motor insurance pricing is set to hold steady as companies benefit from another shift in the sector's dynamics, Deutsche Bank said as it recommendation on Admiral and kept Direct Line and Esure at 'buy'.
British Land: Deutsche Bank upgrades to Buy with a target price of 660p.
Direct Line said on Friday that Penny James - currently chief risk officer and executive director at Prudential - will join the company as chief financial officer designate.
Insurance company shares were boosted as the government backtracked on rules governing the way personal injury claims are calculated.
Morgan Stanley upgraded Direct Line Group's target price from 423.00p to 451.00p in a research report on the insurer on Thursday.
Direct Line posted a 9.5% jump in first-half operating profit on Tuesday as gross written premiums rose 5% and the insurer bumped its dividend up by 39%.
Direct Line: Credit Suisse upgrades to Outperform with a target price of 410p.