Financial News

LONDON (Dow Jones) -- U.K. life insurer Standard Life climbed over 6% in its first day of trading, marking a strong start for the last major customer-owned insurance company to be taken public. Shares in the Edinburgh-based firm climbed 5.4% to 242.5 pence from its 230 pence offer price, having touched a high of 245 pence in early London trading. The IPO is the largest involving a U.K. compa ...

LONDON (Dow Jones) -- U.K. life insurer Standard Life climbed over 6% in its first day of trading, marking a strong start for the biggest U.K. initial public offering in several years. Shares in the Edinburgh-based firm climbed 4.2% to 239.75 pence from its 230 pence offer price, having touched a high of 245 pence in early London trading. Trading was brisk, with around 60 million shares chan ...

A TRADING statement from Marks & Spencer and the long-awaited stock market debut of Standard Life will brighten a quiet corporate diary this week. Housebuilder Taylor Woodrow is expected to add its voice to the positive tone of recent updates from the UK property market. Persimmon, Redrow and George Wimpey have forecast growth over the rest of the year, while estate agency group Countrywide  ...

LONDON (Reuters) - The biggest shares edged lower on Monday, with the overall market weighed down as oil stocks BP and Royal Dutch Shell tracked crude prices below $74 a barrel, although property stocks rose on an upbeat Merrill Lynch note. The bank raised its price targets for several property sector players, including Liberty International , up 0.5 percent. Standard Life also featured, jumping over 6 percent from its offer price as the insurer made its debut on the London Stock Exchange, end ...

ICONIC British ports and ferries company P&O was today said to be looking at a shock return to the London stockmarket just months after it set sail for Dubai. The Sunday Times said Dubai Ports World is preparing to float the newly acquired P&O in London with a value of up to £6 billion. State-owned DP World bought P&O for £3.9 billion earlier this year after a bidding war with t ...