FTSE 250 movers: Kcom Group rises following dividend hike
7th Jun 2013 15:31
Telecoms and internet communication provider Kcom Group advanced after announcing a 10 per cent rise in its dividend in its annual results despite a slump in sales. 888 Holdings rallied after New York Congressman Peter King proposed a bill that back online gambling. Emerging markets fund Ashmore
Read moreWednesday broker round-up UPDATE
5th Jun 2013 09:34
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation. Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation. API Group: Numis upgrades to add with a target price of 75p. Ashmore Group: UBS lowers t
Read moreFTSE 250 movers: Tullett Prebon and ICAP jump after UBS upgrade
30th May 2013 14:48
Inter-dealer brokers Tullett Prebon and ICAP surged on Thursday afternoon after UBS upgraded both stocks from 'sell' to 'neutral' following their recent underperformance. While the broker said it remains cautious on inter-dealer brokers in general due to "structural issues", it sees "risks to the
Read moreFriday broker round-up UPDATE
10th May 2013 07:14
Afren: Westhouse Securities initiates with a target price of 160p and a buy recommendation. Ashmore Group: Credit Suisse raises target price from 375p to 440p upgrading from underperform to neutral. Barratt Developments: Citigroup increases target price from 245p to 315p leaving its neutral rating
Read moreWednesday broker round-up UPDATE
17th Apr 2013 07:20
African Barrick Gold: Deutsche Bank cuts target price from 230p to 173p, while its hold recommendation is reiterated. Ashmore Group: Morgan Stanley raises target price from 395p to 444p and maintains an equal-weight rating. Ashtead Group: Jefferies increases target price from 615p to 690o and reit
Read moreMonday broker round-up UPDATE
15th Apr 2013 09:50
African Barrick Gold: Citigroup cuts target price from 267p to 175p and keeps its sell recommendation. African Minerals: Goldman Sachs lowers target price from 420p to 410p keeping a buy recommendation. Citigroup moves target price from 440p to 430p and retains a buy recommendation. Anglo American
Read moreFriday tips round-up: Ashmore Group, PZ Cussons, Hays
12th Apr 2013 15:47
Emerging-market focused fund manager Ashmore Group startled the market yesterday when it released its latest figures for its funds under management (FuM) in the first quarter. These raced past analysts' expectations, rising by a net $6.7bn, on the back of strong inflows from sovereign wealth funds,
Read moreFTSE 250 movers: Dixons Retail boosted by broker rating
12th Apr 2013 15:05
Dixons Retail was a strong riser after Cantor Fitzgerald reiterated its 'buy' rating on the stock. Supergroup climbed after Canaccord Genuity gave the group's new women's range an excellent write-up, describing it as potentially 'transformational'. Asset manager Ashmore Group has continued to ri
Read moreFriday broker round-up UPDATE
12th Apr 2013 07:25
Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in
Read moreFTSE 250 movers: Ashmore rises on strong Q3
11th Apr 2013 15:51
Ashmore was a high riser after reporting that assets under management (AuM) increased by 9.4 per cent in the third quarter as it attracted funds from government clients. The news also gave sector peer Man Group a lift. Recruitment company Hays was also higher after it said it expects full-year op
Read moreLondon midday: Markets edge higher ahead of US jobless claims
11th Apr 2013 11:47
After a tentative start, the FTSE 100 was firmly in positive territory by Thursday lunchtime, extending its recent winning streak to a fourth day despite some steep falls in the heavyweight mining sector. Renewed optimism regarding the Chinese economy has driven markets higher in the past few days,
Read moreBroker tips: M&S, Ashmore, Balfour Beatty
11th Apr 2013 10:35
Investec has kept its 'sell' rating for High Street department store Marks & Spencer (M&S), but has placed its target price under review after a better-than-expected fourth quarter. The broker admitted that the trading update on Thursday offers a "glimmer of hope". Analyst Bethany Hocking said: "We
Read moreBroker snap: Ashmore underestimated by market forecasts, says Canaccord
11th Apr 2013 09:25
Canaccord Genuity has reiterated its 'buy' rating and 399p target rice for asset management group Ashmore after a trading update showed strong inflows in the third quarter. Assets under management (AuM) increased by 9.4% to $77.7bn during the three months to March 31st, helped by net inflows of $7.
Read moreLondon open: EVRAZ and ENRC limit gains early on
11th Apr 2013 08:37
The FTSE 100 opened broadly flat on Thursday morning, with sharp falls by steel maker EVRAZ and diversified miner ENRC limiting gains, as investors paused for breath after three consecutive days of gains. Renewed optimism regarding the Chinese economy has driven markets higher in the past few days,
Read moreAshmore Group's increases assets under management
11th Apr 2013 08:09
Ashmore Group's shares surged Thursday after reporting a 9.4 per cent rise in assets under management (AuM) in the third quarter as the group attracted funds from government clients. AuM came to $77.7bn in the three months ended March 31st, compared to $71bn the previous quarter, boosted by net in
Read more