Friday broker round-up UPDATE
11th Jan 2013 07:01
Aberdeen Asset Management: Credit Suisse raises target price from 380p to 410p reiterating an outperform rating. Afren: Deutsche Bank cuts target price from 175p to 165p stayling with its buy rating. Ashmore Group: Credit Suisse moves target price from 380p to 375p and downgrades to underperform.
Read moreFriday tips round-up: DS Smith, BAE Systems, Rangers FC ....
12th Oct 2012 06:38
Tempus in the Times writes that cardboard box maker DS Smith has been transformed by its recent acquisition of Swedish rival Svenska Cellulosa Aktiebolaget (SCA). Yesterday it gave a positive update on the first 100 days since the deal. Expected annual savings have been raised to 100m euros within t
Read moreLondon midday: Bumi booming on back of buy-out proposal
11th Oct 2012 11:51
London enjoyed a solid morning sparked by a return to favour of stock market darling Burberry, the luxury fashion chain. Burberry, which issued a profit warning last month, confirmed like-for-like (LFL) sales growth in its stores slowed dramatically in the July-September quarter, but the good news
Read moreAshmore sees rise in assets under management - Update
11th Oct 2012 08:56
Assets under management (AUM) at fund manager Ashmore picked up sharply in its first quarter, largely on the back of a positive investment performance. The July - September quarter AUM increase 6.8% to $68bn, driven by positive investment performance of $3.7bn and net inflows of $0.6bn. The princi
Read moreLondon open: Burberry back in fashion
11th Oct 2012 08:51
London has, for once, decided not to dance to Wall Street's tune and has opened little changed, despite the shake-out yesterday stateside. Another credit ratings downgrade for troubled economy Spain has also been shrugged off. In company news, Burberry, the luxury fashion chain which issued a profi
Read moreLondon pre-open: FTSE to extend Wednesday's losses
11th Oct 2012 07:31
City sources predict the FTSE 100 will open down eight points from yesterday's close of 5,777, after investor sentiment was dampened by a less that dazzling start to earnings season in America. The largest US aluminium producer, Alcoa, cut its forecast for growth in global consumption of the metal
Read moreAshmore sees positive performance across the board
11th Oct 2012 07:18
Assets under management at fund manager Ashmore picked up sharply in the July - September quarter, largely on the back of a positive investment performance. The quarter saw assets under management increase 6.8% to $68.0bn, driven by positive investment performance of $3.7bn and net inflows of $0.6b
Read moreWednesday broker round-up
12th Sep 2012 08:54
African Minerals: Jefferies keeps buy rating and 550p target. Ashmore: UBS raises target from 370p to 390p, buy rating kept. ASOS: Panmure Gordon lifts tagged from 2,179p to 2,378p, buy rating kept. Barratt Developments: Panmure Gordon keeps buy rating and 190p target; Jefferies keeps buy rating
Read moreLondon close: Footsie shrugs off Burberry fall to finish flat
11th Sep 2012 16:34
- Burberry sinks 21 per cent after profit warning - Markets flat ahead of 'event-risks' - Moody's says US rating at risk Following a morning slump, the FTSE 100 rallied in afternoon trade to finish broadly flat on Tuesday as a strong showing by banks managed to offset a heavy fall from Burberry. T
Read moreLondon midday: New MPC appointee open to more QE?
11th Sep 2012 11:59
- Markets await German ruling on ESM, FOMC meeting - Burberry sinks after full-year guidance - Miners provide a drag London's FTSE 100 index was at its lowest levels of the day by Tuesday lunchtime as Burberry and the miners suffered from a steep sell-off; meanwhile, investors continued to show
Read moreLondon open: Footsie lower as Burberry plummets
11th Sep 2012 08:42
- Markets await German ruling on ESM, FOMC meeting - Burberry sinks after full-year guidance - Miners provide a drag The FTSE 100 opened slightly lower on Tuesday morning as markets gear up for some big 'risk events' later this week; falls in the heavyweight mining sector and a sharp drop from Burb
Read moreAshmore's AUM dips despite positive net flows
11th Sep 2012 07:54
Assets under management (AUM) at Ashmore Group fell back in the year to end-June, despite the fund manager enjoying a net inflow of funds in both halves of the year. AUM at the end of June stood at $63.7bn, down $2.1bn from a year earlier, as overall negative investment performance of $3.4bn exceed
Read moreLondon pre-open: Germany´s CC will not delay ESM decision
11th Sep 2012 07:26
City sources predict the FTSE 100 will open down 24 points from yesterday's close of 5,793. Dragging on markets, surely, is the uncertainty in Germany, where just last night the entire future of the Eurozone's bailout mechanism was thought to hang in the balance. The nation's Constitutional Court
Read moreAshmore hails 'satisfactory' performance
11th Sep 2012 07:05
Full year profit before tax at fund manager Ashmore took a small dip from the year before but came in ahead of market expectations. Profit before tax of £243.2m for the year to the end of June was down 1% from the previous year's £245.9m, but ahead of the £229.40m the market had been expecting. To
Read moreTuesday preview: House prices, Betfair, Ashmore, Supergroup
10th Sep 2012 16:04
The Royal Institution of Chartered Surveyors (RICS) house prices balance for August is due to be released at midnight on Monday, and the expectation is that it will have improved slightly to -23. What that means is that for every 100 RICS members polled, the number experiencing house price falls ex
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