Financial Ratings – Page 127
-
NewsHastings chief: Rates to rise throughout 2015
Gary Hoffman says company is ‘not alarmed’ by rising bodily injury claims
-
Online onlyM&A and consolidation set to increase for managing general agents
Two-fifths of MGAs surveyed are looking to the M&A market for growth over the next three years
-
Online onlyHastings reports £51.2m profit for year to date
Customer numbers grow by more than a fifth over the first nine months of 2014
-
Online onlyFresh blow for Quindell as ex-broker raises cash flow concerns
Canaccord scraps buy recommendation and calls for a financial health check
-
Online onlyTowergate bondholders bring in debt restructuring advisers
Houlihan Lokey and Sullivan & Cromwell are advising Towergate’s unsecured and secured bondholders respectively
-
NewsAviva to buy Friends Life for £5.6bn in ‘shock’ move
Company says deal will cut debt, but news prompts icy response from analysts
-
NewsTowergate unsecured bonds now as risky as Greek debt
Moody’s downgraded broker’s debt to ‘poor standing’ rating today
-
NewsTowergate bond price crashes as investors fear debt write off
Holders of unsecured bonds ‘running for the hills’
-
Online onlyRevealed: The secretive hedge fund targeting Quindell
Reports emerge of Cayman Islands-based companies used to short troubled insurance outsourcer
-
NewsMoody’s downgrades Towergate to 'very high credit risk'
Ratings placed on review for a further downgrade
-
NewsMotor insurers to post 108.2% COR in 2014 - EY
Accounting firm expects rate rises of 2% next year but says this will not restore profitability
-
NewsFitch downgrades Towergate to B- over potential cash shortage
Rating agency also downgrades broker’s bonds to BB- and CCC+
-
NewsQuindell's largest City shareholder: 'We made a mistake'
M&G Recovery manager admits mistake/Quindell analyst exits house broker
-
NewsQuindell share price tanks again amid reports of stock exchange probe
London Stock Exchange to investigate Quindell share price fall
-
NewsTowergate to sell non-core units to stave off cash shortage
Broking group admits it could breach its loan covenant and is at risk of going under if it cannot raise cash in time
-
NewsAmlin UK GWP drops 4.5% despite company-wide growth
But insurer enjoyed UK renewal rate increases of 2.9%
-
Online onlyTowergate assessing potential takeover bids
The broker saw losses increase to £112.7m over the first nine months of 2014
-
NewsRob Terry leaves Quindell with £5.9m from controversial share deal
Former chairman has relinquished his rights to the shares he transferred
-
NewsAon launches new $5bn share buy-back programme
Broking group now authorised to repurchase up to $6.1bn of its own shares
-
Online onlyQuindell shares fall amid house broker resignation and reports of hedge fund talks
Sunday Times reports Quindell spoke to hedge funds about cash injection
