UK MARKET TALK ROUNDUP: BROKERS COMMENTS
15th Jul 2010 07:17
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0617 GMT [Dow Jones] Citigroup downgrades Ashmore Group (ASHM.LN) to hold from buy and lowers the price target to 300p from
Read moreLondon close: Winning streak ends
14th Jul 2010 17:05
A spirited late rally was not enough to return Footsie into positive territory. The blue-chip index recovered from its nadir of 5,206 to rise almost 50 points in the last 90 minutes of trading. Just a third of the blue-chip index's constituents advanced on the day and chief among them was chip desi
Read moreLondon afternoon: Drift lower continues
14th Jul 2010 14:54
A soft start on Wall Street has seen London slide further into the red although there do remain some bright spots. Chief among them is chip designer ARM, which has been lifted by Intel's record results announced last night. Goldman Sachs has responded to Intel's results by upping its price target
Read moreLondon midday: ICAP leads the slide
14th Jul 2010 12:04
London looks like it is pausing for breath after the recent good run that has seen the FTSE 100 index advance by 8% over the last week. As has been the case every day this week, BP is in focus but the slant on the news today is downwards. The company has delayed a pressure test on the newly instal
Read moreMARKET TALK: Arden Ups Ashmore Price Targets, 2010 Estimates
14th Jul 2010 08:48
0748 GMT [Dow Jones] Arden Partners increases Ashmore Group's (ASHM.LN) price target to 330p from 303p. Broker also revises up 2010 revenue estimates to GBP277m from GBP245m, while increase profit before tax forecasts for the year to GBP197m from GBP171m. It upgrades EPS expectations to 19.8p from 1
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
14th Jul 2010 08:48
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0748 GMT [Dow Jones] Arden Partners increases Ashmore Group's (ASHM.LN) price target to 330p from 303p. Broker also revise
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
14th Jul 2010 08:17
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0717 GMT [Dow Jones] Oriel Financials upgrades Ashmore Group's (ASHM.LN) EPS estimates for fiscal year ending 2010 to 19p
Read moreMARKET TALK: Oriel Financials Ups Ashmore EPS Estimates
14th Jul 2010 08:17
0717 GMT [Dow Jones] Oriel Financials upgrades Ashmore Group's (ASHM.LN) EPS estimates for fiscal year ending 2010 to 19p from 17.2p after company reported 7% increase in assets under management to $35.3 billion and an increase in performance fees to GBP82.9 million, which was above its own estimate
Read moreAshmore grows assets again
14th Jul 2010 08:06
Emerging markets asset manager Ashmore Group grew assets under management by $2.3bn, or 7%, to $35.3bn in the fourth quarter from the previous three months. Main drivers this time round were net inflows of $2.9bn into the external debt (+5%), local currency (+15%) and special situations (+13%) them
Read moreAshmore Assets Up 7% As Investors Move To Emerging Markets
14th Jul 2010 07:49
By Margot Patrick and Kaveri Niththyananthan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Emerging markets specialist Ashmore Group PLC (ASHM.LN) Wednesday said the amount of money it manages rose 7% in the last three months of its fiscal year, driven by $2.9 billion of net inflows into its e
Read moreMARKET TALK: Ashmore Assets Under Management Ahead
14th Jul 2010 07:45
0645 GMT [Dow Jones] Ashmore Group's (ASHM.LN) 4Q interim management statement shows assets under management ahead of expectations says KBC Peel Hunt. Says this is driven by inflows of $2.9Bln, well ahead of the $0.7Bln the brokerage was expecting. Says the performance fees for the year are estimate
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 07:45
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0645 GMT [Dow Jones] Ashmore Group's (ASHM.LN) 4Q interim management statement shows assets under management ahead of expecta
Read moreAshmore Group 4Q Assets Under Management Up $2.3B At $35.3B
14th Jul 2010 07:06
LONDON (Dow Jones)--Ashmore Group PLC (ASHM.LN), a specialist emerging markets asset manager, said Wednesday the final quarter of the financial year ended June 30 saw assets under management increase by $2.3 billion to $35.3 billion. MAIN FACTS: -The drivers of this were net inflows of $2.9
Read morePanama Seeks Construction Of $800M Gas, Electricity Project
24th Jun 2010 20:25
CARTAGENA, Colombia (Dow Jones)--The Panamanian government seeks the construction of a plant to process natural gas and a gas-fired power generator, which would need $800 million investment, Energy Minister Juan Manuel Urriola said Thursday. The government wants a private company to build a rega
Read moreSan Miguel Executes Deal To Buy 40% Stake In SEA Refinery
21st Jun 2010 03:12
MANILA (Dow Jones)--San Miguel Corp. (SMCB.PH), the Philippine food and beverage conglomerate diversifying into heavy industries, said Monday it finalized a deal to buy a 40% stake in SEA Refinery Corp. The PHP16 million ($350,530) deal is part of San Miguel's plan to acquire a majority stake in
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