Broker snap: Peel Hunt stays optimistic about Ashmore
12th Jul 2012 11:07
Shares in fund management Ashmore took a battering on Thursday morning after its fourth-quarter statement but Peel Hunt has maintained its 'buy' recommendation and 440p target price for stock saying that it still offers 'long-term structural growth'. Assets under management (AuM) were weaker than e
Read moreLondon open: Ashmore, G4S and miners provide a drag
12th Jul 2012 08:43
- FOMC minutes disappoint - Miners tank after Credit Suisse cuts forecasts - Aegis rockets after Dentsu offer The FTSE 100 dropped sharply in morning trade on Thursday with sentiment dampened by last night's statement by the Federal Reserve which didn't give any hints at further stimulus measures f
Read moreAshmore AuM falls in nervous market
12th Jul 2012 07:11
Fund manager Ashmore said assets under management (AuM) fell 3.3 per cent to $63.7bn in the quarter ended 30 June 2012 as worries about the Eurozone crisis and global growth rattled investor confidence. "The drivers of this decrease were adverse investment performance of $1.6bn and net outflows of
Read moreThursday preview: AB Foods, Centaur, Ashmore
11th Jul 2012 17:45
Associated British Foods, which last Friday announced the acquisition of the Elephant Atta ethnic flour brand from Premier Foods, updates the market on Thursday. Attention will probably be on the group's Primark clothing chain, as usual, but the Elephant Atta purchase is a useful reminder that there
Read moreThursday broker round-up:
5th Jul 2012 08:06
Aquarius Platinum: Canaccord Genuity downgrades to hold. ARM Holdings: Jefferies maintains hold rating and 485p target. Ashmore: Citigroup cuts target from 400p to 350p, neutral rating kept. Babcock: Jefferies keeps buy recommendation and 970p target. Bellway: UBS raises target from 800p to 900p
Read moreWednesday broker round-up
30th May 2012 09:31
Aberdeen: UBS cuts target from 340p to 300p, buy rating unchanged. Ashmore: UBS cuts target from 420p to 380p, buy rating unchanged. AVEVA: Merchant Securities raises target from 1,800p to 1,850p, buy rating unchanged. Centrica: Nomura cuts target from 355p to 320p, neutral rating kept. Drax: No
Read moreLondon open: Footsie rises despite banking weakness
16th Apr 2012 08:33
- Spanish 10-year bond yield above six per cent - Banks under pressure, Moody's delays ratings decision - Int'l Power rises strongly after GDF SUEZ bid London's blue chip index opened moderately higher despite a fall in the banking sector. International Power was leading the risers after receiving
Read moreLondon midday: Mid-caps set the pace
12th Apr 2012 11:49
The top share index spent the morning spinning its wheels with most of the excitement taking place among the mid-cap stocks. Last night, the Federal Reserve's April Beige Book survey encouraged the maintenance of the status quo. The Fed's survey revealed that overall activity "continued to expand a
Read moreLondon open: Shell weighs on the Footsie
12th Apr 2012 08:19
- Shell drops on oil sheen reports - GKN up after upgrade - World Bank cuts Chinese GDP forecast Despite an initial rise, the FTSE 100 index had fallen into the red within the opening hour with oil giant Shell providing a drag on reports of an oil sheen in the Gulf of Mexico. Eurozone peripheral
Read moreAshmore sees strong rise in AuM
12th Apr 2012 07:25
Emerging markets asset manager Ashmore Group saw assets under management (AuM) recover strongly in its third quarter, following a fall in the first half. AuM totalled $65.9bn by March 31st 2012, up 9.1% over the three-month period, helped by net inflows of $1.2bn and the positive investment perform
Read moreLondon close: Stocks rally into long weekend
5th Apr 2012 16:36
- US jobless claims fall to lowest level since 2008 - BoE maintains Bank Rate and QE - Miners, Ashmore rise strongly in ahead of long weekend Stocks rallied in afternoon trade to push the FTSE 100 into positive territory after some upbeat jobless data from the US boosted sentiment. The Footsie dro
Read moreFTSE 100 movers: Ashmore bucks the trend
5th Apr 2012 14:32
Fund manager Ashmore was bucking the downward trend of the financial sector after UBS raised its rating on the stock from neutral to buy. The broker said that its recent under-performance, combined with the strong fund performance and record inflows at industry level, was the reason behind the upgra
Read moreBroker tips: Ashmore, SABMiller, Shire
5th Apr 2012 12:28
Emerging markets (EM) focused fund manager Ashmore was leading the risers on the FTSE 100 on Thursday after UBS upgraded its rating on the stock from neutral to buy. UBS said that the stock's recent underperformance, combined with the strong fund performance and record inflows at industry level, ha
Read moreLondon midday: Footsie down after manufacturing data, BoE holds rates
5th Apr 2012 11:41
- BoE holds rates, QE - UK manufacturing in surprise decline - Financials lead Footsie lower, Ashmore bucks trend After a cautious start, the Footsie found its direction by mid-morning, falling steeply after some worse-than-expected domestic manufacturing data. Meanwhile, the Bank of England's po
Read moreBroker snap: UBS gives Ashmore a lift
5th Apr 2012 11:16
Emerging markets (EM) focused fund manager Ashmore was leading the risers on the FTSE 100 on Thursday after UBS upgraded its rating on the stock from neutral to buy. UBS said that Ashmore has de-rated by 5% versus its peers on a one-month and three-month period. This recent underperformance, comb
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