FTSE 250 movers: Euromoney climbs on Reuters poaching, as Poundland slips on CMA bananaskin
9th Apr 2015 15:33
The impressive poaching of Reuters' chief executive by Euromoney Institutional Investor sent shares in the business publisher higher on Thursday. Andrew Rashbass will leave Reuters to become executive chairman of Euromoney, which is 70% owned by the Daily Mail & General Trust, after longstanding chi
Read moreAshmore Group second half earnings hit by emerging market concerns
24th Feb 2015 10:05
Diminishing investor sentiment toward emerging markets resulted in a 15% drop in assets for specialist money manager Ashmore Group in the second half of 2014. Concerns about the timing of the first interest rate hike by the US Federal Reserve and the sharp drop in oil prices in the last quarter of 2
Read moreFriday tips round-up: Associated British Foods, Income stocks
17th Jan 2015 00:50
Discount clothing brand Primark has been the main engine behind the rise in shares of Associated British Foods. However, as the unit's rapid rate of growth in both profits and revenues has slowed down so too the company's stock has fast become overvalued. Over the last five years the shares have ris
Read moreAshmore suffers emerging market sell-off, warns recovery unlikely in short-term
13th Jan 2015 11:15
A sharp sell-off in December hit second-quarter figures for Ashmore Group, the emerging markets investment specialist, dragging assets under management (AuM) lower than analyst expectations. Any short-term rebound in emerging markets is unlikely, the FTSE 250 group warned, as uncertainty over the ti
Read moreTuesday broker round-up
9th Dec 2014 09:23
Aberdeen: Cantor Fitzgerald initiates with a target price of 520p and a 'buy' recommendation. Aggreko: Jefferies reduces target price from 1810p to 1350p, downgrading to 'underperform'. Ashcourt Rowan: Cantor Fitzgerald initiates with a target price of 270p and a 'buy' recommendation. Ashmore: Can
Read moreCredit Suisse turning positive on asset managers, upgrades Schroders and Jupiter
4th Nov 2014 09:56
Credit Suisse said on Tuesday that it is "turning more positive" on the European asset-management sector as it upgraded its ratings for Schroders and Jupiter Fund Management. Following market weakness at the end of the third quarter and beginning of the fourth, Schroders is now rated 'outperform' (p
Read moreTuesday broker round-up UPDATE
4th Nov 2014 09:32
Aberdeen Asset Management: Credit Suisse ups target price from 440p to 455p and keeps a neutral rating. Anglo Eastern: FinnCap initiates with a target price of 880p and a buy recommendation. Ashmore: Credit Suisse downgrades to underperform. Barclays: Citi moves target price from 300p to 315p stay
Read moreWednesday broker round-up UPDATE
22nd Oct 2014 09:54
Amino Technologies: N+1 Singer moves target price from 93p to 107p upgrading to buy. Anglo American: Liberum Capital reduces target price from 1300p to 1200p retaining its sell recommendation. ARM Holdings: UBS moves target price from 970p to 980p upgrading from neutral to buy. Deutsche Bank cuts t
Read moreAshmore's canny co-founder Booth sells down stake further
16th Oct 2014 15:55
Company directors were in bargain-hunting mode on Thursday, with the exception of emerging market investment management group Ashmore, where one director and one departed founder both sold shares. With the company already trading around four-year lows, finance director Tom Shippey strangely sold £16
Read moreFTSE 250 movers: Michael Page slides after profit warning, AO tops leaderboard
14th Oct 2014 15:42
The share price of Michael Page International dived after the recruitment firm delivered a profit warning, saying that its full-year bottom line would be "modestly lower than consensus market expectations". The company also said it was more cautious than it was previously on the short-term outlook f
Read moreTuesday broker round-up UPDATE
14th Oct 2014 09:17
Anglo Pacific: FinnCap upgrades to buy with a target price of 158p. Peel Hunt shifts target price from 196p to 198p retaining its buy recommendation. Ashmore: Canaccord Genuity upgrades from sell to hold with a target price of 300p. Numis cuts target price from 369p to 355p retaining an add rating.
Read moreAshmore assets decline in first quarter as dollar hits emerging markets
14th Oct 2014 08:10
Assets under management (AuM) at emerging markets asset manager Ashmore Group fell $3.7bn in the first quarter driven mostly by poor investment performance. AuM was $71.3bn at 30 September as a result of negative investment performance of $3.4bn and net outflows of $0.3bn. "The decline in AuM over
Read moreFTSE 250 movers: Bwin.party climbs on news of new JV
11th Sep 2014 15:54
Bwin.party's wholly-owned digital payments arm, Kalixa, has formed a joint venture focused on Africa and Latin America with telecommunications and media firm Millicom. The group said the move was "a significant step in continuing to build externally generated business volume and revenue". Retail sal
Read moreAshmore misses forecasts, remains bullish on future
11th Sep 2014 08:57
Market volatility and the strength of sterling dragged annual profits for emerging markets asset manager Ashmore marginally below market expectations, but assets under management (AuM) remained resilient. AuM was down 3% year-on-year to $75bn at 30 June, as flagged, mostly from redemptions from its
Read moreThursday preview: Wm Morrison dividend in focus
10th Sep 2014 15:43
Tomorrow is “Super Thursday” for retail followers in the City, with interim results from FTSE 100 heavyweights Next and Morrison, as well as but also a quarterly updates from FTSE 250 pair Ocado and Home Retail, together with updates from small caps Dunelm and Darty and the privately hel
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