Friday broker round-up UPDATE
31st Jan 2014 09:43
Aberdeen Asset Management: Berenberg cuts target price from 555p to 530p staying with its buy recommendation. Amlin: Canaccord Genuity moves target price from 420p to 430p reiterating a hold recommendation. ARM Holdings: Credit Suisse cuts target price from 1150p to 1100p and reiterates an outperf
Read moreSector movers: Financials gain as emerging-market tensions ease
28th Jan 2014 15:27
Easing concerns over the emerging markets helped the financial sector higher on Tuesday, with stocks buoyed by M&A activity surrounding F&C Asset Management. Fund managers such as Aberdeen and Man Group have fallen sharply in recent sessions owing to their exposure to developing nations after a sel
Read moreMonday broker round-up UPDATE
27th Jan 2014 09:30
Aberdeen Asset Management: Espirito Santo cuts target price from 573p to 514p and keeps a buy recommendation. Morgan Stanley reduces target price from 492p to 393p and stays with its equal-weight rating. Amino Technologies: N+1 Singer shifts target price from 89p to 93p and reiterates a hold recomm
Read moreSector movers: Metals, financials bear brunt of the sell-off
24th Jan 2014 15:33
Every sector on the UK stock market was either flat or in the red on Friday afternoon as a global rout of equity indices spurred investors to shy away from risk. Rising concerns about a slowdown in China - figures yesterday pointed to a contraction in the manufacturing sector in January - and a sel
Read moreFriday broker round-up UPDATE
24th Jan 2014 08:35
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
Read moreBroker snap: Credit Suisse ups targets for most diversified financials
20th Jan 2014 12:55
Credit Suisse on Monday raised its price targets for a broad swathe of the European Diversified Financials sector, benefiting several UK managers in the process, albeit not all. The main reason for its changes was the fact that the sector is the most sensitive to rising 10-year US Treasury yields. T
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreWednesday tips round-up: ASOS, IG Group, Ashmore
15th Jan 2014 07:57
Online fashion retailer ASOS on Tuesday again managed to beat market forecasts for Christmas sales. However, there were signs in the latest full-year results that the company is working harder to deliver its impressive growth. For example, it seems to be outgrowing its logistical base and marketin
Read moreLondon close: BSkyB leads markets higher after decent economic data
14th Jan 2014 16:31
- Markets at highest level since October 30th - UK inflation falls to BoE target - Eurozone industrial production, US retail sales beat forecasts - UBS highlights potential M&A at BSkyB techMARK 2,818.48 +0.54% FTSE 100 6,766.86 +0.14% FTSE 250 16,236.02 -0.12% Markets managed to finish in positiv
Read moreFTSE 250 movers: Ashmore declines on falling AuM
14th Jan 2014 15:49
Ashmore, a UK fund manager that invests in emerging markets, saw its shares dive after it said assets under management fell 4.1 per cent during the quarter ended December 31st amid continued market volatility. AuM fell to $75.3bn during the quarter from $78.5bn as a result of net outflows totalling
Read moreAshmore quarterly AuM declines - UPDATE
14th Jan 2014 12:03
- AuM fell 4.1 per cent during the quarter - Continued market volatility - Confident in year ahead, sees easing volatility Ashmore, a UK fund manager that invests in emerging markets, said assets under management fell 4.1 per cent during the quarter ended December 31st amid continued market volati
Read moreLondon midday: Stocks lower but losses trimmed as inflation eases
14th Jan 2014 11:20
- CPI inflation falls to BoE target - US earnings season in focus - UBS sees merger opportunities at BSkyB - Ashmore reports fall in AuM techMARK 2,800.75 -0.09% FTSE 100 6,740.89 -0.24% FTSE 250 16,152.84 -0.63% Nervousness ahead of the US earnings season and a disappointing update from fund mana
Read moreBroker snap: Consensus downgrades likely a Ashmore, says Numis
14th Jan 2014 09:43
Numis Securities has maintained a 'hold' rating for fund manager Ashmore, saying that downgrades to consensus estimates are likely after the group's disappointing second-quarter update. The company reported that assets under management (AuM) totalled $75.3bn by the end of December 2013, down 4.1% f
Read moreLondon open: Markets pull back from 10-week high, Ashmore drops
14th Jan 2014 08:35
- Ashmore reports fall in AuM, drags peers lower - Lockhart quashes stimulus optimism - FTSE 100 pulls back from 10-week high techMARK 2,798.85 -0.16% FTSE 100 6,723.86 -0.49% FTSE 250 16,144.85 -0.68% A disappointing set of results from Ashmore and a host of other stocks on the FTSE 350 dampened
Read moreAshmore quarterly AuM declines
14th Jan 2014 07:59
- AuM fell 4.1 per cent during the quarter - Continued market volatility - Confident in year ahead, sees easing volatility Ashmore, a UK fund manager that invests in emerging markets, said assets under management fell 4.1 per cent during the quarter ended December 31st amid continued market volati
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