London 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 moreMonday broker round-up UPDATE
8th Apr 2013 07:21
Aberdeen Asset Management: Jefferies takes target price from 400p to 420p maintaining a hold recommendation. Admiral Group: Credit Suisse increases target price from 1320p to 1351p keeping a neutral rating. Antofagasta: Investec moves target price from 958p to 934p keeping a sell recommendation.
Read moreBroker snap: Jefferies downgrades asset managers Schroders, Henderson and Jupiter
5th Apr 2013 09:51
Jefferies has downgraded its ratings for three asset managers, Schroders, Henderson and Jupiter, in a review of the sector following the strong equity markets and re-ratings seen so far this year. Unsurprisingly, given the year-to-date stock-market surge year seen across the globe, Jefferies says t
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreMonday broker round-up UPDATE
25th Feb 2013 07:26
Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank
Read moreFriday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreAshmore Group raises dividend despite profit drop
21st Feb 2013 09:19
Specialist asset manager Ashmore Group increased its dividend following a 'satisfactory' financial performance for the second half of 2012. The group raised its dividend 2.3% to 4.35p per share as assets under management increased by 11% to $71.0bn as a result of net inflows and positive investment
Read moreFriday broker round-up UPDATE
8th Feb 2013 07:19
Aggreko: HSBC upgrades to neutral with a target price of 1650p. Anglo American: HSBC ups target price from 1950p to 2240p and upgrades to overweight. Antofagasta: HSBC reduces target price from 1200p to 1160p, while upgrading to neutral. ARM Holdings: Credit Suisse increases target price from 780
Read moreThursday broker round-up UPDATE
7th Feb 2013 07:14
African Barrick Gold: Deutsche Bank shifts target price from 415p to 410p, while its hold recommendation is maintained. Ashmore Group: Canaccord Genuity moves target price from 315p to 399p and upgrades to buy. Atkins: JP Morgan takes target price from 859p to 893p and reiterates an overweight rat
Read moreWednesday broker round-up UPDATE
6th Feb 2013 10:12
ARM Holdings: Investec ups target price from 900p to 940p, maintaining its hold recommendation. JP Morgan increases target price from 540p to 625p and retains a neutral rating. UBS moves target price from 900p to 930p, while its neutral rating is reiterated. Espirito Santo raises target price from 8
Read moreLondon close: Stocks hold on to gains despite poor start on Wall Street
18th Jan 2013 16:49
- Chinese Q4 growth beats forecasts - Results from US bellwethers come in mixed - EVRAZ leads Footsie higher on steel hopes UK stock markets managed to hold on to gains on Friday as better-than-expected data from China lifted sentiment, though the Footsie did finish below its intraday high after so
Read moreFTSE 250 movers: Spectris a strong riser after positive outlook
18th Jan 2013 16:29
Full-year like-for-like sales growth at instrumentation and controls group Spectris was boosted by a strong fourth quarter, as the firm said it is well positioned for 2013. LFL sales growth accelerated from 2% to 4% from the third to the fourth quarter of 2012, "helping deliver a robust full year
Read moreLondon midday: Mining companies lead the way following strong Chinese growth data
18th Jan 2013 11:43
- Chinese GDP growth accelerates in Q4 - UK retail sales miss forecasts - EVRAZ, Carnival and Meggitt on the rise UK stocks had extended gains by Friday lunchtime, with better-than-expected Chinese growth figures offsetting some weak domestic retail sales. China's economic growth seems to have acc
Read moreBroker snap: UBS cuts Ashmore to 'neutral'
18th Jan 2013 11:30
UBS has downgraded its recommendation for fund manager Ashmore from 'buy' to 'neutral' and reduced its target price for the stock from 390p to 375p, causing the stock to take a small hit on Friday morning. "We downgrade Ashmore [...] on valuation grounds and because we believe that competitive pres
Read more