Tuesday preview: UK inflation and US retail sales figures released
13th Jan 2014 14:46
Investors will turn their focus to reports out on UK inflation and US retail sales on Tuesday following a quiet start to the week. The UK consumer price index (CPI) for December is expected to have risen 2.1% year-on-year, in line with the prior month, according to the consensus forecast. That come
Read moreFriday broker round-up UPDATE
20th Dec 2013 09:12
African Barrick Gold: Canaccord Genuity takes target price from 125p to 195p upgrading from hold to buy. Ashmore Group: UBS raises target price from 390p to 430p upgrading from neutral to buy. BAE Systems: JP Morgan cuts target price from 380p to 355p and maintains its underweight rating. UBS lowe
Read moreFTSE 250: Drax Group, Interserve, Balfour Beatty, Ashmore
4th Dec 2013 15:07
British electrical power company Drax Group rose after the UK government confirmed that two of its units converted to burn sustainable biomass to meet the eligibility and minimum evaluation criteria for investment contracts. Construction and infrastructure services stocks including Interserve and
Read moreAshmore's Finance Director to step down
26th Nov 2013 08:22
Graeme Dell, the Finance Director of FTSE 250 emerging markets fund manager Ashmore Group, has stepped down from the board with immediate effect, the firm announced on Tuesday. Dell, who was appointed to the board back in December 2007, is leaving to "pursue other business opportunities" but will r
Read moreHunting Chairman reduces family trust holding
21st Oct 2013 16:11
Richard Hunting, the non-Executive Chairman of FTSE 250-listed energy services provider Hunting, has reduced the Hunting Family Trusts' stake in the company. Some 35,796 shares were disposed of for an average price of 857.8p a share, raising £307,058. Richard, who is a trustee of the Hunting Fami
Read moreThursday broker round-up UPDATE
10th Oct 2013 08:36
Ashmore Group: Canaccord Genuity takes target price from 380p to 400p and retains a hold recommendation. Numis shifts target price from 380p to 390p reiterating its hold recommendation. Ashtead Group: Numis upgrades to add with a target price of 670p. Berkeley Group: Panmure Gordon moves target pr
Read moreAshmore Group reports quarterly AuM growth
10th Oct 2013 07:08
Ashmore Group reported a rise in assets under management for the quarter boosted by strong net inflows. In a trading update for the three months to end of September, the asset manager said it achieved net inflows of $0.6bn and a "positive investment" performance of $0.5bn. Net inflows were driven
Read moreFriday broker round-up UPDATE
20th Sep 2013 08:06
African Minerals: Investec reduces target price from 393p to 246p, while its buy recommendation remains unchanged. Ashmore Group: Berenberg cuts target price from 500p to 470p and retains a buy recommendation. ASOS: Deutsche Bank raises target price from 4450p to 4800p and reiterates a hold recomm
Read moreThursday broker round-up UPDATE
12th Sep 2013 09:01
African Minerals: Deutsche Bank cuts target price from 550p to 450p and retains a buy recommendation. Citi lowers target price from 380p to 320p keeping a buy recommendation. Aggreko: Deutsche Bank reduces target price from 2100p to 1870p, while staying with its buy recommendation. ARM Holdings: G
Read moreWednesday broker round-up UPDATE
11th Sep 2013 08:14
Advanced Medical Solutions: Panmure Gordon moves target price from 90p to 102p and reiterates a buy recommendation. Amara Mining: Numis shifts target price from 40p to 45p retaining its buy recommendation. Anite: Numis cuts target price from 155p to 128p and downgrades to hold. Ashmore Group: Ban
Read moreWednesday tips round-up: Ashmore, Fenner
11th Sep 2013 07:29
Emerging markets and emerging market debt-focused fund manager Ashmore quipped in its full-year results statement that the swings in investor sentiment towards such investments are "myopic". Its institutional clients, about 90 per cent of the total by value, are prepared to take a longer view, the f
Read moreLondon close: Stocks jump to four-week high as Syria concerns ease
10th Sep 2013 16:40
The FTSE 100 jumped to a four-week high on Tuesday as investors' fears of an impending US military strike on Syria eased and the economic outlook for China improved. London's benchmark index finished 53.25 points higher at 6,583.99, a gain of 0.82%; the last time it closed higher was on August 14th
Read moreFTSE 250 movers: Ashmore rises on record subscriptions
10th Sep 2013 14:39
Record subscriptions helped emerging markets asset manager Ashmore to drive strong net inflows into its funds in the year to June, giving the share price a boost today. Strong net inflows of $13.4bn led to a 22% increase in assets under management (AuM) to $77.4bn during the year, with average AuM
Read moreLondon midday: FTSE 100 nears one-month high
10th Sep 2013 11:39
Receding fears about a potential US military strike on Syria and decent data from China lifted UK stocks on Thursday morning, with the FTSE 100 rising to levels not seen in nearly a month. London's benchmark index was up 0.8% at 6,581.91 by midday; the last time it closed higher was on August 14th
Read moreLondon open: Stocks rise on Syria developments, China data
10th Sep 2013 08:39
Stocks jumped strongly on Tuesday morning following a decent finish on Wall Street the night before on the back of easing concerns about a potential US strike on Syria. US benchmarks rose by an average 1% on Monday after Russian Foreign Minister Sergei Lavrov urged Syria to place any chemical weapo
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