Ashmore beats forecasts following strong inflows
10th Sep 2013 07:11
Record subscriptions helped emerging markets asset manager Ashmore to drive strong net inflows into its funds in the year to June. Strong net inflows of $13.4bn (£8.5bn) led to a 22% increase in assets under management (AuM) to $77.4bn during the year, with average AuM rising 13%. Net revenue o
Read moreFriday broker round-up UPDATE
6th Sep 2013 08:01
Antofagasta: Canaccord Genuity lowers target price from 1035p to 1020p, while leaving its buy recommendation unchanged. Ashmore Group: Canaccord Genuity downgrades from buy to hold with a target price of 380p. Associated British Foods: Societe Generale upgrades to hold with a target price of 1900p
Read moreFTSE 250 movers: N Brown jumps after broker upgrade
21st Aug 2013 14:36
Internet shopping group N Brown was a high riser today after Credit Suisse raised its rating for the stock from 'neutral' to 'outperform' and lifted its target price from 455p to 620p. N Brown, whose brands include Simply Be, Jacamo and Figleaves, has seen its stock surge by around 50% so far this
Read moreFriday broker round-up UPDATE
9th Aug 2013 07:29
Aquarius Platinum: Deutsche Bank lowers target price from 63p to 60p keeping a buy recommendation. Ashmore Group: HSBC ups target price from 400p to 435p, while keeping overweight rating. ASOS: UBS raises target price from 4600p to 6000p staying with its buy recommendation. Aviva: Bank of America
Read moreBroker snap: Recent sell-off at Aberdeen overdone, says UBS
12th Jul 2013 11:04
The recent share price fall at Aberdeen Asset Management over the past month has been overdone, according to UBS, which reiterated its 'buy' rating for the stock on Friday. "The market is pricing in outflows in emerging market (EM) equities; while we expect these to have slowed, we note that Aberde
Read moreFriday broker round-up UPDATE
12th Jul 2013 08:11
Ashmore Group: Morgan Stanley cuts target price from 444p to 420p and leaves its equal-weight rating unchanged. JP Morgan ups target price from 339p to 377p maintaining a neutral rating. AstraZeneca: Jefferies reduces target price from 3560p to 3400p, while keeping its hold recommendation. Aviva:
Read moreLondon close: Miners lead FTSE 100 higher after Bernanke comments
11th Jul 2013 16:46
Dovish comments from Federal Reserve Chairman Ben Bernanke sparked a sharp fall in the dollar and a strong rise in commodity prices on Thursday, sending mining equities soaring in London. The FTSE 100 finished the session up 38 points (+0.6%) at 6,543, a level not seen since June 4th, with resource
Read moreFTSE 250 movers: Gold miners jump as metals prices surge
11th Jul 2013 14:23
Rising commodity prices lifted equities in the mining sectors on Thursday with gold stocks among the best performers as the price of the precious metal jumped the most in a year on the back of comments from Federal Reserve Chairman Ben Bernanke. Bernanke said last night that the US economy needs "h
Read moreLondon midday: Bernanke comments drive gains on FTSE 100
11th Jul 2013 11:35
A strong performance in the mining sector ensured that the FTSE 100 was trading firmly in positive territory on Thursday after dovish comments from Federal Reserve Chairman Ben Bernanke sparked gains in commodity prices. "After June's sell-off in risk assets was attributed to seemingly hawkish comm
Read moreLondon open: FTSE 100 up one per cent, miners surge after Bernanke comments
11th Jul 2013 08:36
Dovish comments from Federal Reserve Chairman Ben Bernanke prompted some strong gains on the FTSE 100 on Thursday morning, as mining stocks tracked metals prices higher on the back of a weaker US dollar. "Bernanke and his colleagues are trying to reassure the market by communicating that even once
Read moreAshmore final quarter AuM unchanged
11th Jul 2013 07:38
Fund manager Ashmore said assets under management during the final quarter were unchanged from the same time a year earlier as market conditions turned more challenging towards the end of the period. The London based firm said AuM in the quarter ended June 30th 2013 stood at $77.4bn. Net inflows of
Read moreTuesday broker round-up UPDATE
9th Jul 2013 07:53
Adept Telecom: Northland Capital revises target price from 108p to 115p and maintains a buy recommendation. AG Barr: Panmure Gordon raises target price from 500p to 600p and retains a hold recommendation. Aquarius Platinum: Westhouse Securities shifts target price from 35p to 40p upgrading from se
Read moreMonday broker round-up UPDATE
8th Jul 2013 08:48
Anglo American: Exane reduces target price from 1700p to 1400p and reiterates its underperform rating. Anite Group: Investec raises target price from 135p to 155p and upgrades from hold to buy. Ashmore Group: RBC Capital Markets takes target price from 440p to 375p and keeps its neutral rating. B
Read moreThursday broker round-up UPDATE
4th Jul 2013 08:17
Aberdeen Asset Management: JP Morgan reduces target price from 573p to 476p and reiterates its overweight rating. Ashmore Group: JP Morgan cuts target price from 410p to 339p maintaining a neutral rating. ASOS: Jefferies raises target price from 2199p to 6200p and upgrades from underperform to buy
Read moreMonday broker round-up UPDATE
1st Jul 2013 07:27
Ashmore Group: Canaccord Genuity lowers target price from 399p to 380p, while its buy recommendation remains unchanged. ASOS: Panmure Gordon increases target price from 4320p to 4555p and retains a buy recommendation. AVEVA Group: Sanlam Securities reduces target price from 2500p to 2325p leaving
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