Best of the Brokers

Numis upgraded Amlin to “add” from “hold” and raised its target price by 60p to 445p after the insurance firm last week reported it returned to profit in the first half of the year.

Canaccord Genuity retained its “sell” rating after the firm posted half year results on Tuesday, and kept its target price at €90 per share, and said it was trading 10 per cent above fair value.

Espirito Santo reduced its target price by one per cent to 1,960p and retained its “neutral” stance saying the drivers of Derwent’s growth remain in robust health.