Broker snap: Strong quarter expected for Ashmore
11th Oct 2010 10:59
Singer Capital Markets expects Ashmore to announce increased assets under management (AUM) in its update for the July to September quarter. The investment management group reported AUM of $35.5bn for the year ended June, and the broker anticipates that the update will reveal an increased figure by
Read moreLondon Stock Exchange boss makes initial investment
23rd Sep 2010 17:00
Xavier Rolet has invested £158,000 in London Stock Exchange shares. The London Stock Exchange's chief executive has bought the shares for his US pension fund. He acquired 23,000 shares at 689p a share. These are the first shares he has bought since becoming chief executive. Rolet is participatin
Read moreBroker tips: SABMiller, Ashmore, underwriters
21st Sep 2010 13:13
Brewing giant SABMiller is to move towards the centralised business model adopted by its multi-national rivals but this could lead to some short term volatility in the business, Nomura Securities believes. SABMiller's chief executive officer Graham McKay said in a press interview that the company w
Read moreBroker snap: Emerging markets key for Ashmore
21st Sep 2010 13:11
KBC Peel Hunt has shifted out of neutral and turned positive in its stance on fund manager Ashmore Group after upgrading its profit forecasts. "We confirm that our June 2011 forecasts are upgraded by 12%, primarily due to higher performance fees. Fundamental drivers of the business continue to look
Read moreWednesday tips round-up: Hargreaves Services, Hilton Food, Ashmore...
15th Sep 2010 06:54
The three main growth areas for Hargreaves are niche coal supplies in Europe, renewable power and the development of the Tower Colliery in Wales, bought by the miners in 1995 after it was closed down. Tower is to reopen in the spring, the coal extracted over seven years and the site then redevelop
Read moreLondon close: Footsie makes round trip
14th Sep 2010 16:52
Footsie finished the day as it started it, marginally in positive territory, but for much of the day it languished in the red, as investors turned their attention to gold. The most actively traded contract in the yellow stuff has risen to a record high of $1,269.50 an ounce in New York trading, as
Read moreLondon afternoon: Public sector gloom lifts a little
14th Sep 2010 14:11
The afternoon session has been much like the morning one with Footsie drifting sideways. There has been some focus on companies that rely, in part, on contracts from the public sector, and the feeling is that the worries about the government tap being turned off may have been overdone. Telecoms
Read moreLondon midday: Busy going nowhere
14th Sep 2010 12:02
Footsie has been unable to make early gains stick and despite the strength of resource stocks is hovering close to its starting point for the day. Inflation data did little to boost sentiment, with the annual inflation rate remaining unchanged at 3.1% in August against expectations of a slight eas
Read moreLondon open: More gains for Footsie
14th Sep 2010 08:50
Footsie has defied predictions of a fall early on and has pushed on again. The index has been rising steadily now for nearly two weeks. Lloyds and Royal Bank of Scotland are two of the best performers as banks go well again in the wake of the new Basel III guidelines announced yesterday. Rio Tint
Read moreEmerging markets drive Ashmore
14th Sep 2010 07:41
Fund manager Ashmore saw a big hike in profits last year as more money from existing clients meant assets under management increased steadily throughout the 12 months. The emerging markets specialist reported pre-tax profits of £217.2m in the year to June, up from £159.8m, on sales of £281.4m, up f
Read moreBroker tips: Experian, Ashmore
15th Jul 2010 12:28
Credit checking firm Experian issued an interim management statement which showed a stronger start to the year than Charles Stanley was expecting. "There are a number of positive trends within today's release. One feature we would highlight is the improved performance from North America which acco
Read moreBroker snap: Ashmore price target lifted by KBC
15th Jul 2010 11:55
KBC Peel Hunt has bumped up its earnings forecasts for Ashmore Group after the emerging markets asset manager's trading update on Wednesday. The broker has factored in the higher than expected assets under management (AuM) figure Ashmore announced and upgraded its forecasts for the year to end-June
Read moreMARKET TALK: KBC Raises Ashmore Price Target
15th Jul 2010 08:56
0756 GMT [Dow Jones] KBC Peel Hunt lifts Ashmore Group (ASHM.LN) price target to 320p from 305p following the company's better than expected trading update. Raises '10 EPS estimate to 20.2p from 18p to reflect the higher opening level of assets under management. Says the stock is well supported by b
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
15th Jul 2010 08:56
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0756 GMT [Dow Jones] KBC Peel Hunt lifts Ashmore Group (ASHM.LN) price target to 320p from 305p following the company's be
Read moreMARKET TALK: Citigroup Downgrades Ashmore To Hold Vs Buy
15th Jul 2010 07:17
0617 GMT [Dow Jones] Citigroup downgrades Ashmore Group (ASHM.LN) to hold from buy and lowers the price target to 300p from 325p. With slowing fund flow momentum and performance fees driving a fall in FY '11E EPS, Citigroup finds it difficult to see Ashmore building on its premium rating. It thinks
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