Ashmore sees $1.7bn in second quarter outflows
14th Jan 2016 08:57
(ShareCast News) - Emerging markets fund manager Ashmore said assets under management fell $1.7bn (£1.18bn) in the second quarter. That took total funds under management to $49.4bn at the end of December. "Net inflows to alternatives and overlay/liquidity were offset by net outflows from local curr
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 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 moreAshmore appoints new non-exec director
22nd Oct 2015 15:15
(ShareCast News) - Clive Adamson has been appointed as non-executive director at Ashmore Group, the investment management services provider said on Thursday. In a short statement, the FTSE 250 group confirmed Adamson will join the company on 22 October once the company has received approval from the
Read moreLondon close: Stocks up as US inflation exceeds forecasts
15th Oct 2015 16:15
(ShareCast News) - The UK equity market was in positive territory on Thursday after US inflation data beat forecasts. The US consumer price index for September came in flat from a year ago, better than the 0.1% dip forecast by analysts and following a 0.2% increase in August. Compared to a month ag
Read moreLondon midday: Stocks boosted by Chinese lending figures ahead of US inflation
15th Oct 2015 11:09
(ShareCast News) - London stocks were on the front foot on Thursday, buoyed by a higher than expected increase in Chinese lending figures. China's banks issued 1.05trn yuan in new yuan loans in September, compared to 809.6bn yuan in August and analysts' expectations of 850bn yuan. "Although this wi
Read moreAshmore suffers 13% drop in first-quarter AUM
15th Oct 2015 07:59
(ShareCast News) - Fund manager Ashmore reported a 13% drop in assets under management in the first quarter, dented by net outflows and negative investment performance. For the quarter ended 30 September, assets under management fell to $51.1bn from $58.9bn at the end of June, on net outflows of $4b
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 moreAshmore posts full-year AUM drop of 21%
8th Sep 2015 07:21
(ShareCast News) - Ashmore posted a 21% drop in assets under management in the year to the end of June, but profit and revenue increased and the company said fundamentals across emerging markets remain sound. AUM fell to $58.9bn from $75bn last year, while pre-tax profit rose 6% to £181.3m and net r
Read moreLondon pre-open: Chinese data to cap gains at start of trading
8th Sep 2015 07:10
(ShareCast News) - The top flight index is being called to start the day slightly higher despite the release of Chinese trade figures for August that left analysts divided. China's international trade performance in August was weaker than expected, although some economists struck an upbeat note. Th
Read moreCitigroup bumps Ashmore up to 'buy', notes good medium-term entry point
13th Aug 2015 10:44
(ShareCast News) - Ashmore got a boost after Citigroup upgraded the stock to 'buy' from 'neutral' as it took a look at UK asset managers. The bank said Ashmore was a "brave buying opportunity for the medium term" as it raised its price target on the stock to 290p from 270p. It said that if investor
Read moreFriday broker round-up
10th Jul 2015 14:03
(ShareCast News) - Anglo American: Citi upgrades to neutral. Ashmore: Jefferies reiterates buy but shaves target price to 373.5p, Cannacord reiterates hold. Aviva: Barclays reiterates neutral stance and nudges target to 637p from 632p, Berenberg keeps at sell. BaE Systems: Berenberg upgrades to bu
Read moreThursday broker round-up
9th Jul 2015 16:22
Ashmore: RBC keeps at underperform. Aggreko: Exane reiterates underperform recommendation and 1,250p target. Anglo American: Investec stays at hold on the miner's South African-listed shares. Associated British Foods: Credit Suisse stays at outperform and sets a target price of 3,250p. Barclays:
Read moreAshmore Group sheds $2.2bn in assets, wary of Fed rate hikes
9th Jul 2015 08:11
Emerging markets asset manager Ashmore Group shed more assets in the latest three month period and said it remains cautious of US rate hikes. The company's assets under management dropped $2.2bn or 3.3% to $58.9bn for the quarter ended on 30 June. Ashmore said the net flow for the period was infl
Read moreWednesday tips round-up: Poundland, Ashmore Group
15th Apr 2015 18:49
Contrary to expectations, Poundland's takeover bid for 99p Stores has run into a possible regulatory hurdle. The Competition & Markets Authority has found there are up to 92 areas where the two firms compete, hence the risks to market competitiveness should the tie-up go ahead, although the argument
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