(Alliance News) - Helios Underwriting PLC on Friday offered an optimistic outlook for the year ahead, expressing hopes of attracting more third party capital to participate in next year's portfolio. Read More
(Alliance News) - Helios Underwriting PLC shares rose on Wednesday, after it said it will buy up to GBP3.7 million in shares. Read More
Helios Underwriting PLC - investment vehicle, which provides shareholders with participation in the Lloyd's insurance market - Chief Executive Officer Martin Reith resigns to pursue other opportunities. The company promotes Non-Executive Chair Michael Wade to the role of executive chair with immediate effect, as the company searches for a successor for Reith. Further, Executive Deputy Chair Nigel Hanbury is moved to non-executive deputy chair. Executive Chair Michael Wade says: "Martin has made a significant contribution to Helios and has been instrumental in developing the Helios spread syndicate portfolio." Read More
(Alliance News) - Stock prices in London opened red on Friday, with the FTSE 250 trending downwards following news that C&C Group's CEO Patrick McMahon has stepped down with immediate effect over issues that occurred while he was chief financial officer. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Helios Underwriting PLC - investment vehicle, which provides shareholders with participation in the Lloyd's insurance market - Says value of the capacity fund at December 31 is expected to be GBP82.4 million from GBP60.0 million a year earlier. Expects freehold capacity of GBP175.9 million versus GBP147.3 million. Now expects NAV per share to rise to 172 pence on December 31 from 154p on June 30. Read More
(Alliance News) - Helios Underwriting PLC on Tuesday announced plans to increase its dividend policy with help from its forecast profit stream, and to commence a new share buyback worth up to GBP1.5 million. Read More
(Alliance News) - Helios Underwriting PLC on Thursday said it swung to a profit in the first half of 2023, as revenue increased, while it added it expects its portfolio to "thrive". Read More
(Alliance News) - Helios Underwriting PLC on Wednesday said it had a strong second quarter thanks to an "outstanding" portfolio, with an increased net asset value and an anticipated rise in underwriting profit. Read More
Helios Underwriting PLC - London-based limited liability vehicles investment company - Buys Park Farm Underwriting Ltd for GBP3.2 million. Parks Farm is a limited liability vehicle, that provides a syndicate capacity of GBP2.3 million. Read More
Helios Underwriting PLC - London-based limited liability vehicles investment company - Acquires entire issued capital of Chorlton Underwriting Ltd for GBP2.0 million, including GBP200,000 via the issue of 123,457 shares at a price GBP1.62 per share. The rest is payable in cash. Helios Underwriting's issued share capital will comprise 77.5 million shares with voting rights and no restrictions following the acquisition. Read More
Helios Underwriting PLC - London-based limited liability vehicles investment company - Executive Deputy Chair Nigel Hanbury sells 200,000 shares at 170 pence each, worth GBP340,000, in London on Tuesday. Read More
Helios Underwriting PLC - London-based limited liability vehicles investment company - Reports the initial mid-point profit forecast for 2022 of 5.7% compares to 3.9% in 2021, a recognition of stronger market conditions. Says this, compounded by Helios' increased retained capacity results in the recognition of additional after tax underwriting profits to be earned of 20 pence per share in the future. Read More