RMI investors get something OUT
This is proving to be a watershed year for investment holding companies on the JSE. Some of the most famous names of all are unbundling the assets that made them famous in the first...
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OUTsurance News & Analysis
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BRIEF-Rand Merchant Investment Holdings HY Pre-Tax Profit Rises
March 17 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J : * JSE: RMI - UNAUDITED SUMMARY RESULTS ANNOUNCEMENT AND CASH DIVIDEND DECLARATION FOR THE SIX MONTHS ENDED 31 DECEMBER...
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UPDATE 4-Zurich, Farmers to buy MetLife U.S. motor, home insurance business for $3.94 bln
* Zurich to contribute $2.43 bln, Farmers $1.51 bln* Zurich says to benefit from stable, fee-based earnings* Zurich shares down 2.5% (Adds advisers, updates shares)By Silke Koltrowitz and...
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UPDATE 6-Canada's Intact, Denmark's Tryg agree to buy British insurer RSA for $9.6 bln
* RSA chief executive to step down after deal* Tryg would take Swedish and Norwegian businesses* Intact to gain Canadian, UK and international operations* Buyers would co-own RSA's Danish...
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Finland's Sampo says has all approvals for Hastings deal
Oct 27 (Reuters) - Sampo SAMPO.HE has received all regulatory and antitrust approvals needed for its acquisition of British motor insurer Hastings HSTG.L , the Finnish financial group said...
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BRIEF-Rand Merchant Investment Posts FY Headline Earnings Down 49%
Sept 25 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J :* RAND MERCHANT INVESTMENT HOLDINGS LTD - FY HEADLINE EARNINGS R1 956 MILLION (2019: R3 801 MILLION) DOWN 49%* RAND MERCHANT...
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South African Markets - Factors to watch on Sept. 25
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday. ECONOMIC EVENTS - No major...
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BRIEF-Rand Merchant Investment Sees FY HEPS Between 112.1 Cents To 137 Cents
Sept 2 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J :* RAND MERCHANT INVESTMENT HOLDINGS LTD - SEES FY HEADLINE EARNINGS PER SHARE BETWEEN 112.1 CENTS TO 137.0 CENTS
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Upbeat earnings lift London stocks, Hastings surges on buyout
(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.8%, FTSE 250 adds 0.5% Aug 5 (Reuters) - UK shares rose on Wednesday as a clutch of quarterly...
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UPDATE 1-British insurer Hastings agrees to $2.2 bln buyout offer
(Adds details from statement, Hastings' results)HELSINKI, Aug 5 (Reuters) - British motor insurer Hastings HSTG.L agreed a 1.66 billion pounds ($2.17 billion) takeover by Finland's Sampo...
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UPDATE 1-UK Stocks-Factors to watch on Aug. 5
(Adds futures, news items) Aug 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 2 points higher at 6,038 on Wednesday, according to financial bookmakers, with futures FFIc1 up...
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BRIEF-RMI And Sampo To Buy Hastings Valuing It At 1.66 Bln Pounds
Aug 5 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J :* OFFER BY RMI AND SAMPO TO ACQUIRE HASTINGS GROUP HOLDINGS PLC AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT* UNDER TERMS OF...
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Sampo and RMI offer to buy British insurer Hastings for 1.8 bln eur
HELSINKI, Aug 5 (Reuters) - Finnish insurer Sampo SAMPO.HE and South Africa's Rand Merchant Investment (RMI) RMIJ.J have made a recommended cash offer worth 1.84 billion euros ($2.17...
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Sampo and RMI in talks to buy British insurer Hastings
LONDON, July 29 (Reuters) - Finnish insurer Sampo SAMPO.HE and South Africa's Rand Merchant Investment (RMI) RMIJ.J are in talks to buy British motor insurer Hastings HSTG.L , the two...
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BRIEF-Rand Merchant Investment HY HEPS 107.5 Cents
March 12 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J :* UNAUDITED SUMMARY RESULTS ANNOUNCEMENT AND CASH DIVIDEND DECLARATION FOR THE SIX MONTHS ENDED 31 DECEMBER 2019* HY...
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BRIEF-RMI Says Youi's Estimated Losses From Australian Bushfires A$25-$40 Mln
Jan 10 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J :* JSE: RMI - VOLUNTARY ANNOUNCEMENT REGARDING AUSTRALIAN BUSHFIRES AND SALE OF YOUI NEW ZEALAND'S INSURANCE PORTFOLIO* RAND...
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BRIEF-Rand Merchant Investment Announces Sale Of Youi New Zealand Insurance Portfolio
Sept 25 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J :* VOLUNTARY ANNOUNCEMENT: SALE OF YOUI NEW ZEALAND INSURANCE PORTFOLIO* SALE PRICE RANGE IS BETWEEN NZ$10 MILLION AND NZ$13...
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BRIEF-Rand Merchant Investment Says FY Headline Earnings Down 7%
Sept 10 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J :* AUDITED SUMMARY FINAL RESULTS ANNOUNCEMENT AND CASH DIVIDEND DECLARATION FOR THE YEAR ENDED 30 JUNE 2019* FY HEADLINE...
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South African Markets - Factors to watch on March 15
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday. ECONOMIC EVENTS - No...
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BRIEF-Rand Merchant Investment Holdings HY HEPS Of 125.6 Cents
March 11 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J :* HY NORMALISED EARNINGS PER SHARE 137.2 CENTS* HY EARNED PREMIUMS NET OF REINSURANCE R7 492 MILLION VERSUS R7 208 MILLION*...
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BRIEF-Rand Merchant Declares Final Gross Cash Dividend Of 65 Cents Per Ordinary Share
Oct 18 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J :* CASH PAYMENT IN RESPECT OF FRACTIONAL ENTITLEMENTS* DECLARED A FINAL GROSS CASH DIVIDEND OF 65 CENTS PER ORDINARY SHARE FOR...
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BRIEF-Rand Merchant Investment Says FY HEPS From Cont Ops 269.7 Cents
Sept 11 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J :* FY HEPS FROM CONTINUING OPERATIONS 269.7 CENTS* FY NORMALISED EPS FROM CONTINUING OPERATIONS 295.1 CENTS* EXPECTS CURRENT...
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South African Markets - Factors to watch on July 10
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday. ECONOMIC DIARY -...
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BRIEF-Rand Merchant Investment Holdings Posts HY HEPS of 138.3 Cents
March 12 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J :* HY HEADLINE EARNINGS: +28% TO R2 087 MILLION; +26% TO 138.3 CENTS PER SHARE* CHAIRMAN GT FERREIRA IN APRIL WILL TURN...
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BRIEF-Rand Merchant Says Retirement Of GT Ferreira As Chairman
March 7 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J : * RETIREMENT OF CHAIRMAN GT FERREIRA * GT FERREIRA WILL BE REPLACED AS CHAIRMAN BY JANNIEDURAND,CURRENT DEPUTY...
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BRIEF-Rand Merchant Investment Holdings Sees HY HEPS Up Between 20-30 Pct
March 6 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J :* RAND MERCHANT INVESTMENT HOLDINGS - 6 MONTHS TO DEC, HEPSAREEXPECTED TO DIFFER BY AT LEAST 20% FROM THOSE OF...
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BRIEF-Rand Merchant Investment says Marthinus Visser appointed CEO of Outsurance Holdings
Nov 13 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J * RAND MERCHANT INVESTMENT HOLDINGS LTD - APPOINTMENT OF MARTHINUS VISSER AS NEW GROUP CEO OF OUTSURANCE HOLDINGS LIMITED *...
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BRIEF-Rand Merchant Investment says OUTsurance CEO Willem Roos resigned
Oct 11 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J* RAND MERCHANT INVESTMENT HOLDINGS LTD - CEO OF OUTSURANCE, WILLEM ROOS, HAS RESIGNED WITH EFFECT FROM 31 DECEMBER 2017.* RAND...
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BRIEF-Rand Merchant Investment posts FY headline earnings 3,480 mln rand
Sept 19 (Reuters) - RAND MERCHANT INVESTMENT HOLDINGS LIMITED RMIJ.J * FY NORMALISED EARNINGS (FROM CONTINUING OPERATIONS): R3 927 MILLION (2016: R3 342 MILLION) +18% * FY HEADLINE...
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BRIEF-Rand Merchant Investment posts 12 pct rise in HY normalised earnings from cont ops
March 13 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J * HY normalised earnings from continuing operations up 12% to 121.3 cents * HY normalised earnings from continuing and...
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BRIEF-Rand Merchant Investment says enters negotiations with its unit Outsurance Holdings
March 13 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J * Says that RMI has entered into exclusive negotiations with its 84% subsidiary, Outsurance Holdings Limited * Deal...
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UPDATE 1-UK Stocks-Factors to watch on Dec 15
(Adds futures, company news items) Dec 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down about 13 points, or 0.19 percent, on Thursday, according to financial bookmakers,...
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UK Stocks-Factors to watch on Dec 15
Dec 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down about 13 points, or 0.19 percent lower on Thursday, according to financial bookmakers.* The UK blue chip index...
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UPDATE 2-S.Africa's Rand Merchant buys 30 pct stake in UK insurer Hastings
(Adds background, analyst, RMI statement, share price)By Vidya L Nathan and Carolyn CohnLONDON, Dec 14 (Reuters) - South Africa's Rand Merchant Investment Holdings RMIJ.J ramped up its...
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UPDATE 1-S.Africa's Rand Merchant buys stake in UK's Hastings Group
(Adds details, share movement)Dec 14 (Reuters) - South Africa's Rand Merchant Investment Holdings Ltd RMIJ.J said it bought a 30 percent stake in UK insurer Hastings Group Holdings Plc...
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S.Africa's Rand Merchant buys stake in UK's Hastings Group
Dec 14 (Reuters) - South Africa's Rand Merchant Investment Holdings Ltd RMIJ.J said it bought a stake of about 30 percent in UK insurer Hastings Group Holdings Plc HSTG.L in a deal...
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BRIEF-Rand Merchant Investment FY normalised earnings from cont ops up 8 pct
Sept 12 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J* Summarised audited results announcement and cash dividend declaration for year ended 30 june 2016* FY normalised earnings -...
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UPDATE 1-South Africa's rand sinks on report finance minister told to report to police
* Rand slides to three-week low as police contact finance minister * Stocks firmer, eyes on Fed rate hike (Adds latest prices, analyst contacts) JOHANNESBURG, Aug 23 (Reuters) - South...
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BRIEF-Rand Merchant Investment's H1 normalised earnings up 4 pct
March 7 (Reuters) - Rand Merchant Investment Holdings Ltd RMIJ.J * Mmi is targeting a further reduction in annual expenses of r750 million by 2019 financial year * Summarised unaudited...
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