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European reinsurers rise as hurricane losses appear less than feared

BUZZ-European reinsurers rise as hurricane losses appear less than feared ** Shares in European reinsurers rise as insured losses from hurricanes Helene and Milton in the U.S. may not be as high as originally feared ** "The latest update signals a more southernly direction, and our best guess for insured losses is now around the $50bn mark," Citi says in a note ** "We moved away from the most catastrophic scenarios.
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Scor In Talks With Albin Michel For The Sale Of Humensis

BRIEF-Scor In Talks With Albin Michel For The Sale Of Humensis Oct 9 (Reuters) - Scor SE SCOR.PA : HAS ENTERED IN EXCLUSIVE NEGOTIATIONS WITH ALBIN MICHEL FOR THE SALE OF HUMENSIS - SPOKESPERSON Further company coverage: SCOR.PA (Gdansk Newsroom)
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Reinsurers on watch for Hurricane Milton impact

LIVE MARKETS-Reinsurers on watch for Hurricane Milton impact STOXX 600 down 0.6% Miners, luxury lag Hong Kong stocks sink Wall St futures higher Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com REINSURERS ON WATCH FOR HURRICANE MILTON IMPACT The densely populated west coast of Florida, still reeling from the devastating Hurricane Helene less than two weeks ago, is bracing for land
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L'Oreal, Stellantis NV, Videndum

EUROPE RESEARCH ROUNDUP-L'Oreal, Stellantis NV, Videndum Oct 4 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including L'Oreal, Stellantis NV and Videndum on Friday. HIGHLIGHTS * Gerresheimer AG GXIG.DE : Berenberg cuts target price to EUR 110 from EUR 125 * L'Oreal OREP.PA : Stifel cuts target price to EUR 440 from EUR 450 * Scor SCOR.PA : Berenberg raises to buy from hold * Stellantis NV STLAM.MI : RBC cuts to sector perform from outperfo
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Berenberg ups Scor to 'buy' after less severe Q3 hurricane season

BUZZ-Berenberg ups Scor to 'buy' after less severe Q3 hurricane season ** Berenberg upgrades French reinsurance company Scor SCOR.PA to "buy" from "hold" citing a less severe hurricane season in Q3 and expected solid balance sheet ** The severity of the hurricane season in Q3 was well below expectations, which should help Scor build up its P&C buff
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Reinsurer Scor to buy Altarea's stake in MRM and will then aim to de-list MRM

BRIEF-Reinsurer Scor to buy Altarea's stake in MRM and will then aim to de-list MRM Sept 27 (Reuters) - Scor SCOR.PA : SCOR, MRM'S REFERENCE SHAREHOLDER, ANNOUNCED ITS INTENT TO ACQUIRE ALL REMAINING SHARES OF MRM THROUGH A SIMPLIFIED PUBLIC TENDER OFFER M.R.M. SA informed that SCOR SE has reached an agreement to acquire Altarea SCA’s stake in MRM, representing circa 15.92% of the share capital, bringing SCOR’s shareholding in MRM to circa 72.5% of the share capital and voting rights.
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Sept 27 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. TRADE French President Emmanuel Macron on Thursday said he was convinced that the CETA free-trade agreement between the European Union and Canada would eventually be formally ratified by all members.
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Scor rises on takeover interest rumour

BUZZ-Scor rises on takeover interest rumour ** Scor SCOR.PA rises almost 7% after Insurance Insider publishes a report about potential takeover interest for the Paris-listed insurance company ** Scor says it does not comment on market rumours or speculation ** By 1007 GMT, Scor up 4.8%, second biggest gainer on the region wide STOXX .STOXX index. S
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Bakkavor, Drax Group, Greggs

EUROPE RESEARCH ROUNDUP- Bakkavor, Drax Group, Greggs Aug 5 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bakkavor, Drax Group and Greggs on Monday. HIGHLIGHTS * Bakkavor BAKK.L : HSBC raises target price to 170p from 150p * Drax Group Plc DRX.L : HSBC raises target price to 600p from 500p * Greggs GRG.L : HSBC cuts to hold from buy * Pennon Group PNN.L : Barclays cuts to equal-weight from overweight * United Utilities UU.L : Bar
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Arkema, Man Group, Shell

EUROPE RESEARCH ROUNDUP- Arkema, Man Group, Shell Aug 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Arkema, Man Group and Shell, on Friday. HIGHLIGHTS * Arkema SA AKE.PA : HSBC raises target price to EUR 105 from EUR 103 * Berkeley Group BKGH.L : Jefferies raises target price to 4,936p from 4,834p * Diageo Plc DGE.L : Morgan Stanley cuts target price to 2200p from 2380p * Man Group Plc EMG.L : Peel Hunt cuts to add from buy * Sh
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Citi sees increased risks for Scor, cuts to 'neutral'

BUZZ-Citi sees increased risks for Scor, cuts to 'neutral' ** Citigroup cuts its rating on Scor SCOR.PA to "neutral" from "buy" saying the French reinsurer's "slowburn" upside potential is not enough to compensate for increased downside risks ** The risks could come in the form of unexpected P&C Re (property and casualty reinsurance) losses, additi
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Top of the Street: Spectris, Scor, Euronext, Nestle

BUZZ-Top of the Street: Spectris, Scor, Euronext, Nestle A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** J.P.Morgan raises British scientific instruments maker Spectris SXS.L to "neutral" from "underweight", as it believes earnings momentum will improve in the nearer term, given the recently announced acquisitions expected to close before Q3 ** Citigroup cuts French reinsurer Scor SCOR.PA to "neutral" from "buy" citing significant uncertainty that the gr
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Scor rises as L&H result 'a bit better' than profit warning, P&C in-line

BUZZ-Scor rises as L&H result 'a bit better' than profit warning, P&C in-line ** Shares in Scor SCOR.PA rise about 3% after the French reinsurer posted a slightly better than pre-announced H1 L&H insurance service Q2 loss, while other divisions were in line ** Q2 L&H insurance service loss amounts to 329 million euros ($356.01 million) in Q2 2024,
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Scor End-June Solvency Ration At 201%

BRIEF-Scor End-June Solvency Ration At 201% July 30 (Reuters) - Scor SE SCOR.PA : SECOND QUARTER 2024 RESULTS: DESPITE VERY STRONG P&C RESULTS AND INVESTMENTS PERFORMANCES, SCOR POSTS A EUR -308 MILLION NET LOSS IN Q2 2024 (EUR -112 MILLION NET LOSS IN H1 2024), DRIVEN BY THE 2024 L&H ASSUMPTION REVIEW CONTINUED VERY STRONG PERFORMANCE OF P&C, WITH
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Greencore, UCB, Unilever

EUROPE RESEARCH ROUNDUP-Greencore, UCB, Unilever July 26 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Greencore, UCB, and Unilever, on Friday. HIGHLIGHTS * Greencore GNC.L : HSBC raises target price to 190p from 160p * Lonza Group AG LONN.S : JP Morgan raises target price to CHF 645 from CHF 600 * Sartorius Stedim Biotech STDM.PA : HSBC cuts target price to EUR 310 from EUR 360 * UCB SA UCB.BR : TD Cowen raises target price to E
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Genus, Nexans, Scor

EUROPE RESEARCH ROUNDUP-Genus, Nexans, Scor July 18 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Genus, Nexans and Scor, on Thursday. HIGHLIGHTS * Genus GNS.L : HSBC raises target price to 2600p from 2500p * Munters Group AB MTRS.ST : Jefferies raises target price to SEK 260 from SEK 255 * Nexans NEXS.PA : Berenberg raises target price to EUR 124 from EUR 112 * Scor SCOR.PA : Berenberg cuts to hold from buy; cuts target price to
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Top of the Street: Adidas, Scor, Prysmian

BUZZ-Top of the Street: Adidas, Scor, Prysmian A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Telsey Advisory Group upgrades Adidas ADSGn.DE to "outperform" from "market perform", saying Q2 results showed "better-than-anticipated underlying brand strength" and strong demand for its footwear ** Morgan Stanley cuts Scor SCOR.PA to "equal-weight" from "overweight" after what it calls a "disappointing" profit warning from the French reinsurer INITIATIONS AN
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Adidas, Spirax Group, Stroeer

EUROPE RESEARCH ROUNDUP-Adidas, Spirax Group, Stroeer July 17 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adidas, Spirax Group and Stroeer, on Wednesday. HIGHLIGHTS * Adidas AG ADSGn.DE : JP Morgan raises target price to EUR 260 from EUR 250 * J D Wetherspoon JDW.L : Jefferies raises target price to 1,000p from 925p * Spirax Group SPX.L : HSBC raises to hold from reduce * Stroeer SAXG.DE : HSBC raises target price to EUR 79 fro
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MS cuts Scor on 'disappointing' profit warning

BUZZ-MS cuts Scor on 'disappointing' profit warning ** Morgan Stanley cuts its rating on Scor SCOR.PA to "equal-weight" from "overweight", after what it says was a "disappointing" profit warning from the French reinsurer ** On Tuesday, Scor's shares plunged after it cut guidance for its life and health (L&H) unit ** The stock fell 25%, "a level whe
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Scor investors’ bad year can still get worse

BREAKINGVIEWS-Scor investors’ bad year can still get worse The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, July 16 (Reuters Breakingviews) - Scor SCOR.PA investors must be wishing they had access to a time machine. It’s six years since the 3.5 billion euro French reinsurer fought off a hostile takeover from its domestic rival Covéa, which valued the company at 43 euros per share.
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