Sector movers: Commodity stocks gain in 'risk-on' session
16th Sep 2015 16:44
(ShareCast News) - Risk on was the name of the game on Wednesday, as traders positioned themselves for the outcome of the US Federal Reserve's interest rate decision on the next day. That put a wind in the sails of commodity-related stocks, which as a group did best on the top flight index. Glencor
Read moreFTSE 100 movers: SABMiller cheers market
16th Sep 2015 13:53
(ShareCast News) - The FTSE 100 was up 1.2% with the index of leading shares up 75.8 points to 6,212. The main riser was SABMiller, which surged 21% on after it responded to recent press speculation by confirming that Anheuser-Busch InBev has informed the company that it intends to make an offer. R
Read moreBroker tips: Henderson Group, AstraZeneca, IAG
14th Sep 2015 16:39
(ShareCast News) - Exane BNP Paribas took a look at UK asset managers, noting that their shares have sold off sharply, making for an enticing entry point. "Equity market volatility is a risk to inflows, but historically the impact has been temporary and flows into other asset classes do not suffer a
Read moreUK asset managers offer "enticing" entry point, says Exane
14th Sep 2015 09:36
(ShareCast News) - Exane BNP Paribas took a look at UK asset managers, noting that their shares have sold off sharply, making for an enticing entry point. "Equity market volatility is a risk to inflows, but historically the impact has been temporary and flows into other asset classes do not suffer a
Read moreFTSE 100 movers: Financials on a flier as risk-on returns
8th Sep 2015 14:03
(ShareCast News) - The FTSE 100 index built on a strong start on Tuesday, rising 1.5% to 6,162.86 points by mid-afternoon with the financial sector leading the charge. Pensions and investment company Hargreaves Lansdown, which is due to publish results on Wednesday, and Aberdeen Asset Management tus
Read moreAberdeen Asset Management to acquire Parmenion
4th Sep 2015 15:22
(ShareCast News) - Aberdeen Assets Management has reached an agreement to acquire Parmenion Capital Partners and its sister company, Self Directed Holdings. The FTSE 100 group said it did not provide any financial details, although it said the acquisition of the provider of risk-graded portfolio was
Read moreFriday broker round-up
24th Jul 2015 16:19
(ShareCast News) - Aberdeen Asset Management: JP Morgan Cazenove reiterates neutral stance and trims target to 415p from 435p. SocGen stays at hold but lowers target to 410p from 485p. Jefferies keeps at hold with 405p target, down from 460p. Aggreko: Investec keeps at sell. AG Barr: Investec reite
Read moreLondon close: East meets West as Nikkei picks up FT
23rd Jul 2015 17:57
(ShareCast News) - The sale of the FT Group by Japan's Nikkei livened up an otherwise lacklustre day in terms of economic data or news-flow. In an e-mail sent to subscribers Nikkei announced the £837m deal, which analysts saw as a bold bid by the Asian media group to break out of its home market. T
Read moreFTSE 100 movers: Pearson plumped on FT sale, ARM bounces, Aberdeen drops
23rd Jul 2015 15:35
(ShareCast News) - London's blue chip index bumped along just above parity for most of Thursday, as the bid talk for Pearson's iconic Financial Times newspaper and various company results announcements were the prime mover of prices. As of 15:30, the FTSE 100 was trading just 0.06% lower at 6,663.02
Read moreLondon midday: Stocks little changed as Pearson plots FT sale
23rd Jul 2015 12:49
(ShareCast News) - Despite lingering concerns over the situation in China and Greece corporate chiefs continued to see the current investment climate as favourable for deal-making. That was all too patent on Thursday morning as Pearson confirmed it was in advanced talks to sell the FT Group. As of
Read moreLondon open: Stocks edge higher after Greece approves reforms
23rd Jul 2015 09:42
(ShareCast News) - With inflation set to remain below its target for longer than expected and as the Greek crisis rolls on Barclays now thinks the European Central Bank will be forced to extend its programme of bond buying beyond the expected end date of September 2016. As of 0828 BST, the FTSE 100
Read moreAberdeen Asset Management slides as third-quarter net outflows accelerate
23rd Jul 2015 09:13
(ShareCast News) - Shares in Aberdeen Asset Management fell sharply after the company reported net outflows in the nine months to 30 June of £9.9bn, as institutional investors continue to reduce exposure to Asia and emerging markets equities. The fund manager said assets under management fell 7% fro
Read moreFTSE 100 movers: Financials and travel stocks plunge, gold miners higher
29th Jun 2015 13:19
UK markets plummeted on Monday, as Greece closed its banks and called a public vote to determine its future within the Eurozone. With just seven stocks on the FTSE 100 in positive territory, the UK index was down 1.5% at 6,655 as of 14:30 BST. Travel tour operator TUI dropped sharply as investors e
Read moreTuesday share tips: Aberdeen Asset Management, StanChart
16th Jun 2015 15:07
Aberdeen Asset Management´s decision to raise 100m pounds via the sale of preference shares is unsettling. Six weeks ago it said it would spend that same amount buying back ordinary shares. In goes one sum of money and out comes another? It´s not that simple. First, one must ask if something at the
Read moreAberdeen Asset Management to issue £100m of non-voting shares to MUTB
15th Jun 2015 07:51
Aberdeen Asset Management said on Monday that it had agreed to issue £100m of non-voting, perpetual, non-cumulative, redeemable shares to Mitsubishi UFJ and Banking Corporation (MUTB). Aberdeen said the issue to MUTB, which owns about 17% of the asset manager, would provide the company with addition
Read more