Broker tips: ICAP, Ocado, Lloyd's insurers

LONDON (SHARECAST) - Inter-dealer broker ICAP is set to launch a new electronic platform for euro interest rate swaps (IRS) on 6 September, which suggests to ICAP fan Panmure Gordon that dealers are warming to the faceless alternative to telephonic transactions.

Broker tips: Hays, Go-Ahead, H&T

LONDON (SHARECAST) - Recruitment firm Hays delivered full year results that were ahead of expectations but the outlook for the UK continues to look bleak in KBC Peel Hunt’s view, though the broker notes this is largely reflected in the price.

Broker snap: Panmure slashes Go-Ahead price target

LONDON (SHARECAST) - Panmure Gordon has cut its rating for bus and train group Go-Ahead Group despite Thursday’s results from the group exceeding its expectations, as the broker has concerns over the potential lack of earnings growth in the coming years.

Broker given 5 years in DUI crash that killed young mom

A financial broker who crashed his Mercedes after driving at speeds of more than 100 mph on the Eisenhower Expy. — killing a young mother in 2007 — was sentenced to five years in prison Tuesday.Michael Penachio, 38, received the sentence prosecutors sought after pleading guilty to killing Danielle Baker, 22, an aspiring journalist from Maywood and mother of a 4-year-old girl. Penachio's ...

Watchdog bans insurance broker

An insurance broker was banned for using clients' cash to pay himself bonuses and buy a luxury car.