Standard Life Shares

sabretoothtigger

An awful fall in the sp500 today after close of the ftse will mean alot of movement tomorrow, I dont suppose sl will jump again but you never know

sabretoothtigger

The reason for the jump?

Standard Life slipped 5.9 per cent to 241½p. Traders pinned the fall on nothing more sinister than profit-taking. Standard Life has outperformed its peer significantly over the past month – its shares are flat while the life assurance sector has fallen 20 per cent. Traders also said a bid for the company from Aegon was unlikely to materialise in the near term.

Standard Life said it too has a sound financial base which it believes "is more than capable of withstanding the current market difficulties." Its solvency surplus at half-year was GBP3.5 billion.

Yorkshireman_3

sabretoothtigger wrote: »

The reason for the jump?

I cant seem to get closing price of shares today????/ can only get around 2.40 pm to 3.48pm whts happening or should i be checking prices elsewhere??

Yorkshireman_3

Yorkshireman wrote: »

I cant seem to get closing price of shares today????/ can only get around 2.40 pm to 3.48pm whts happening or should i be checking prices elsewhere??

Can someone tell me a good site to get current shares prices from? today so far yahoo finance isnt letting me check any share prices --- have we been stopped from trading??

competitionscafe

You can get 15 min delayed share prices from several sites, bbc, hgl, ft etc.
Eg: for Standard Life:

http://www.h-l.co.uk/shares/security_details/sedol/B16KPT4

http://markets.ft.com/ft/tearsheets/performance.asp?s=SL%3ALSE

sabretoothtigger

Curious george spikes the sl price again, this graph shows after hours trading by market makers I think, erroneous

StevieJ

Weird, last time I looked they were up 2%.

whu

Closed today at 210p - down just over 10%

sabretoothtigger

They're no longer outperforming pourquoi

The sector was hit Wednesday by a note from Deutsche Bank (Xetra: 514000 - news) foreseeing dividend cuts.

The Dow Jones Index of US Insurers has fallen 33% in October.

Fitch Ratings said on October 16 that US life insurers could be downgraded due to investment losses.

http://www.breakingviews.com/2008/10/16/Insurers.aspx?email

StevieJ

Take your eye of them for a minute.


- STOCKS NEWS Reuters Results diary
Stocks on the move Real-time Equity News
08:05GMT 15Oct2008-Insurers fall as Deutsche Bank cuts targets

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Shares in European insurers fall as Deutsche Bank cuts price targets and earnings estimates in the sector and points to possible dividend cuts. The DJ insurance index falls 1.6 percent, with Standard Life shedding 7.9 percent, Old Mutual down 5.3 percent and Aegon off 3 percent.
Deutsche Bank says insurers may start to reassess dividend levels. The broker cuts its dividend per share forecasts by 10 percent for 2009.
'Our analysis suggests the sector is adequately capitalised at present, though the attrition of the last few weeks from equity market falls and corporate bond defaults has clearly taken its toll,' it says in a note.
Deutsche Bank cuts its target price on Standard Life by 10 percent to 249 pence, while maintaining a 'hold' rating.
Its target price on Old Mutual is cut by 23 percent to 130 pence, but it keeps its 'buy' rating. As for Aegon, the broker cuts its price objective by 40 percent to 5.9 euros and has a 'hold' rating.
Deutsche Bank says AXA and Zurich Financial Services are its top plays, but the shares fall 3.2 and 4.7 percent, respectively.