Tough first quarter for Aberdeen Asset Management
27th Jan 2016 07:08
(ShareCast News) - Difficult market conditions were making for a tough start to the year for Aberdeen Asset Management with its net flows remaining in the red. According to a trading update on Wednesday, the FTSE 100 firm did increase its assets under management in the three months to 31 December 20
Read moreFTSE 100 movers: Oil prices sink blue chip market
15th Jan 2016 14:29
(ShareCast News) - The FTSE 250 is set to end the week on a sour note, with the blue chip market sitting down 119.49 points (2.02%) at 5,798.74 by mid-afternoon Friday. Falling oil prices affected most of the market's biggest fallers, as oil stayed below $30 a barrel. That hit the mining sector, esp
Read moreFTSE 100 movers: Miners and oil stocks drag down market over China woes
7th Jan 2016 13:56
(ShareCast News) - The FTSE 100 continued to fall on Thursday, down 156.34 points (2.57%) to 5,917.04 by mid-afternoon. Miners again dragged the market down amid growing concerns about China, one of the world's largest commodities consumers, after the country had its shortest trading day in history.
Read moreBroker tips: Cairn Energy, RBS, Aberdeen Asset Management
5th Jan 2016 12:11
(ShareCast News) - Canaccord Genuity on Tuesday raised its target price on Cairn Energy to 185p from 170p after the company announced the successful testing of the SNE-2 appraisal well offshore Senegal with positive results. The oil and gas exploration and production company on Monday said operation
Read moreThursday broker round-up
10th Dec 2015 15:52
(ShareCast News) - Anglo American: Nomura slashes target from 780p to 370p but reiterates reduce. Royal Mail: Morgan Stanley stays at buy with 420p target price. Enquest: Canaccord Genuity lowers target from 30p to 25p but keeps at hold. Entertainment One: JP Morgan reiterates overweigh and nudges
Read moreSovereign Wealth Funds pull money from asset managers at record pace
7th Dec 2015 08:08
(ShareCast News) - The drop in commodity prices forced sovereign wealth funds to raid their piggy banks, by dipping into their funds at asset managers at a record pace. The likes of Aberdeen Asset Management, Northern Trust, Franklin Resources and Old Mutual Asset Management were among the firms aff
Read moreFTSE 100 movers: Banks lead the charge after stress test results
1st Dec 2015 14:15
(ShareCast News) - The FTSE 100 was in the black on Tuesday, sitting at 6,379.33, up 23.24 points (0.37%) by mid-afternoon. The biggest risers came from the banking sector after all seven of Britain's largest banks passed stress tests by the Bank of England, with Governor Mark Carney assuring that n
Read moreTuesday newspaper share tips: Glimmer of hope for Petra Diamonds
1st Dec 2015 10:56
(ShareCast News) - Petra Diamonds has a glimmer of hope according to The Telegraph's Questor. The FTSE 250 company announced on Monday that its lender group has agreed to waive the measurements of the two covenant tests related to consolidated earnings before interest, taxes, depreciation and amorti
Read moreAberdeen full year profits hit by Asia, emerging markets equities slump
30th Nov 2015 07:24
(ShareCast News) - Full year underlying pre-tax profits at investment house Aberdeen Asset Management rose only slightly to £491m from £490m due to the slump in Asian and emerging market equities. Assets under management slid to £283.7bn from £324.4bn as a result of investors feeling the stock marke
Read moreFears over sovereign wealth funds pulling assets overblown, Morgan Stanley says
16th Nov 2015 16:36
(ShareCast News) - Fears that sovereign wealth funds would pull out of equity markets - say, as some countries tried to shore up their public finances in the face of lower oil prices - and the impact that might have on asset managers and banks were "overblown," analysts at Morgan Stanley found. Only
Read moreSector movers: Utilities downgraded, banks hit by FSB capital rules
9th Nov 2015 16:05
(ShareCast News) - The utilities sector was the worst performer on Monday, with banks starting well but losing ground and fund managers well bought. Banks got off to a good start early in the session, with Barclays, RBS, HSBC and Standard Chartered all powering higher as, following last week's robus
Read moreFTSE 100 movers: Financial companies' rises offset IHG and utility falls
9th Nov 2015 14:10
(ShareCast News) - The FTSE 100 started the day on a high but slowly started to sink into the red, with the market down 4.22 (0.07%) by mid-afternoon to 6,349.61 despite a strong performance from financials. Aberdeen Asset Management, Standard Chartered, Barclays and HSBC were all boosted by the ri
Read moreLondon close: Equities close lower as investors weigh disappointing UK, US data
26th Oct 2015 16:11
(ShareCast News) - The UK equity market slumped on Monday as worse-than-expected data in the UK and in the US offset a better-than-forecast German business confidence report. The CBI Industrial Trends Survey's headline total orders balance fell from -7 in September to -18 in October, its lowest leve
Read moreReport Aberdeen said to be sounding out buyers denied
26th Oct 2015 07:53
(ShareCast News) - Shares of emerging markers-focused fund manager Aberdeen Asset Management were being called to start the morning higher on unconfirmed press reports the firm might be sounding out possible buyers. As of 07:52 the stock was expected to rise by 5%. However, a spokesman firmly denie
Read moreAberdeen to open full Shanghai office
21st Sep 2015 12:06
(ShareCast News) - Aberdeen Asset Management looks to be the first UK fund manager to operate in China. Sky News reports that Aberdeen will sign a deal this week as part of Chancellor of the Exchequer George Osborne's tour of China. The news comes only weeks after turmoil in Shanghai's stock market
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