Monday broker round-up UPDATE
29th Sep 2014 09:22
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 430p and stays with its hold recommendation. Numis upgrades from hold to add with a target price of 455p. Balfour Beatty: Westhouse Securities places its target price under review keeping a sell recommendation. Circle Holdi
Read moreLondon pre-open: Flat start predicted for FTSE
29th Sep 2014 07:42
London's blue chips are set to open flat on Monday morning ahead of a very busy week both at home and abroad, particularly in the latter half. City sources predict the FTSE 100 will open unchanged from Friday's close of 6,649. "European markets are set for an incredibly busy week as we see the f
Read moreAberdeen Asset Management reports 3% increase in AuM
29th Sep 2014 07:35
Emerging markets focused asset manager Aberdeen saw its assets under management (AuM) rise by 3% in the two months to 31 August, as the rate of net outflows moderated considerably. Net outflows over the last two months amounted to just £1.7bn, after a drain of £8.8bn in the two months prior. The lar
Read moreLondon midday: UK stocks near two-week high as Scots vote against independence
19th Sep 2014 11:18
UK stocks advanced on Friday, poised to finish at their highest levels in two weeks, after the Scottish people voted in favour of the Union in a crucial independence referendum. Some 55.3% of Scots voted 'no' to independence from the UK while 44.7% voted 'yes', erasing concerns about a break-up whic
Read moreLondon open: UK stocks rise as Scots vote 'no' to independence
19th Sep 2014 08:22
UK stocks staged a relief rally on Friday morning in the aftermath of the Scottish referendum, which saw people north of the border vote convincingly to remain part of the Union. Some 55.3% of Scots voted 'no' to independence from the UK while 44.7% voted 'yes', erasing concerns about a break-up whi
Read moreFTSE 100 movers: TUI rises after broker upgrade
18th Sep 2014 16:07
TUI Travel was a strong performer on Thursday thanks to an upgrade from Morgan Stanley to 'overweight' following its merger with TUI AG. Scotland-based businesses such as RBS, Lloyds, Standard Life and Aberdeen Asset Management were among the best performers as investors readied themselves for th
Read moreLondon midday: Scottish stocks lead gains ahead of crucial referendum
18th Sep 2014 11:43
After a slow start, London stocks advanced on Thursday with the FTSE 100 bouncing off its lowest levels in nearly a month, as companies based north of the border advanced with the focus firmly on the Scottish referendum. The benchmark Footsie index was trading 0.4% higher at 6,811 by noon. Three str
Read moreLondon close: Referendum jitters weigh on stocks
9th Sep 2014 18:20
London shares ended Tuesday’s session in the red as jitters about the Scottish independence referendum offset more positive economic news. The FTSE 100 Index closed 5.77 points down at 6,829 as investors chewed over one poll giving Scottish separatists the lead and another with the ‘no&r
Read moreLondon close: Stocks modestly higher after dovish BoE
13th Aug 2014 17:00
- BoE strikes dovish tone as wages fall - Ukraine crisis, Asian data in focus - Ex-dividend stocks limit upside - G4s leads gains techMARK 2,738.64 +0.38% FTSE 100 6,656.68 +0.37% FTSE 250 15,527.48 +0.40% UK equities ended the session modestly higher after the overall dovish tone to the Bank of E
Read moreFTSE 100 movers: Schroders leads fallers
8th Aug 2014 15:45
Shares in Schroders fell on Friday after the boss of sector peer Aberdeen said that investors were too bullish on UK fund managers. Aberdeen's chief executive Martin Gilbert was quoted as saying that the industry "has over-promised and under-delivered". Consumer products groups were also on the d
Read moreTuesday broker round-up UPDATE
29th Jul 2014 09:37
Abderdeen Asset Management: Berenberg cuts target price from 530p to 510p and maintains a buy recommendation. African Barrick Gold: Numis takes target price from 260p to 330p upgrading from hold to buy. Anglo American: Deutsche Bank increases target price from 1590p to 1650p and reiterates a hold
Read moreFTSE 100 movers: Reckitt Benckiser up on plan for drugs arm
28th Jul 2014 15:18
Household goods group Reckitt Benckiser climbed after it unveiled plans to hive off its drug arm into a separate UK-listed company. The rise came despite the group warning of a potentially tough second half. British Sky Broadcasting Group has made an equity investment of around $400,000 in Jaunt, a
Read moreLondon midday: Stocks edge higher
28th Jul 2014 12:28
- GSK break-up possibly on the cards - RyanAir reports doubling of first quarter profits - Aberdeen Asset Management sees slight drop in AuM techMARK 2,792.12 -0.26% FTSE 100 6,802.87 +0.17% FTSE 250 15,630.82 -0.39% The Footsie was largely unchanged come the midday point of the session ahead of a
Read moreLondon open: Stocks in holding pattern ahead of key data
28th Jul 2014 09:24
- GSK break-up possibly on the cards - RyanAir reports doubling of first quarter profits - Aberdeen Asset Management sees slight drop in AuM techMARK 2,794.05 -0.19% FTSE 100 6,800.81 +0.14% FTSE 250 15,661.43 -0.19% The Footsie was trading little changed early on in the session, ahead of what was
Read moreAberdeen Asset Management sees Asia pick-up but assets fall
28th Jul 2014 08:00
Aberdeen Asset Management reported a pick-up in business in Asia and emerging markets, but revealed a slight fall in assets under management. Aberdeen said investor sentiment towards Asia and emerging markets recovered somewhat during the quarter. "While the improvement in our underlying equity ne
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