London pre-open: Losses likely
13th Jan 2010 07:34
Last night's decline on Wall Street, its first of 2010, is set to tip London lower in early deals. US stocks were hurt by weaker than expected fourth quarter results from aluminium producer Alcoa after hours Monday, while Chinese moves to cool bank lending and a profit warning from Chevron also hur
Read moreAshmore assets up 2% in Q2
13th Jan 2010 07:03
Emerging markets asset manager Ashmore Group increased assets under management by 2% in the second quarter, but that's less than many analysts were hoping for given improved conditions. Assets under management (AuM) for the quarter ended 31 December rose to $31.6bn from $31.1bn on the 30 September
Read moreWednesday preview: Greggs, Ashmore, Industrial Production
12th Jan 2010 17:57
The cold snap over Christmas may have prompted shoppers to contemplate popping into Greggs for a hot pie or sausage roll, but Shore Capital thinks that icy conditions, particularly in the north of England and Scotland, may have suppressed footfall at the bakery chain. It's a view shared by dinburg
Read moreLondon close: Footsie finishes below 5,500
12th Jan 2010 17:17
Equities staged a rally in the afternoon session but it was not enough to push the Footsie back into the black, largely because of weak miners, which took fright at moves by the Chinese central bank to cool down the economy by increasing the reserves ratio for Chinese commercial banks. Fresnillo, L
Read moreLondon afternoon: Chinese banking move sparks selling
12th Jan 2010 14:47
News that China has raised the reserve requirements for its banks in an attempt to choke growth in the economy has spooked global markets, including London. The prospect of China slowing down economic expansion does not sit well with miners such as Fresnillo, Lonmin, Kazakhmys, Vedanta and Xstrata,
Read moreLondon midday: Retreat picks up pace
12th Jan 2010 12:11
The market's retreat is picking up pace, as the losses suffered by miners lengthen in the wake of disappointing results from Alcoa, the US aluminium producer. Alcoa, which kicked off the fourth quarter earnings reporting season in the US, declared a slightly worse than expected loss from continuing
Read moreFTSE 250 movers: Barr toasts Britvic update
15th Oct 2009 14:56
Irn-Bru maker Barr is fizzing after a positive update from fellow soft drinks group Britvic, which served up a 5.6% rise in full year revenue and believes it will deliver a strong set of results for the year ahead. A strong bounce in its bonds and currency hedging funds lifted emerging markets fun
Read moreAshmore funds jump 25%
15th Oct 2009 10:37
A strong bounce in its bonds and currency hedging funds lifted emerging markets fund manager Ashmore's funds under management by 25% in the past three months, sending its share sharply higher. In the three months to September managed assets rose to $31.1bn, reflecting net inflows of $3.6bn and an
Read moreWednesday tips round-up: Debenhams, Hargreaves Services, Ashmore
16th Sep 2009 06:43
Debenhams is in a far better position than it was at the start of the year. The demises of Woolworths and Adams have given the company the opportunity to build on its historically low market share in children's wear. It is also growing in sportswear, another target area. However after the strong f
Read moreAshmore reports more inflows
15th Sep 2009 07:22
Emerging markets fund manager Ashmore reported a drop in full-year pre-tax profit, but said July and August have seen net inflows, following the trend established in May and June. Pre-tax profit fell by 19% to £159.8m in the year ended 30 June, beating expectations, while net revenue was down 15% a
Read moreLondon close: Footsie continues winning week
16th Jul 2009 16:36
London made it four positive sessions in a row Thursday as some better banks and strength at Petrofac offset largely weaker miners and a big drop at Autonomy. There was little help from Wall Street though, which was trading flat when the City shut up shop. The FTSE 100 has made up about 260 points
Read moreLondon afternoon: Advance gains momentum
16th Jul 2009 15:08
Footsie looks set to make it four days of rises in a row, with a firmer start on Wall Street giving an additional boost in the afternoon session. Risers outnumber fallers by three to one but among the fallers is data search software firm Autonomy, despite registering its 25th consecutive quarter of
Read moreLondon midday: Market rises but Autonomy disappoints
16th Jul 2009 11:53
London's blue-chip index has limped back into positive territory, despite weakness from the heavily weighted mining sector. Data search software firm Autonomy has registered its 25th consecutive quarter of year-on-year growth. Citigroup thought the results were "solid" and took "most of the bear a
Read moreLondon open: Winning streak ends
16th Jul 2009 08:12
London's top stocks have fallen back in early dealings on Thursday, ending a three day winning streak. Data search software firm Autonomy is leading the fallers despite reporting record revenues and profits for the second quarter. Adjusted profit before tax rose to $89.6m from $50.8m the year befor
Read moreAshmore posts 6% rise in quarterly AuM
16th Jul 2009 07:28
Assets under management at Ashmore Group increased by 6% to $24.9bn in the final quarter ended 30 June. This increase comprises investment performance of $1.9bn, arising in external debt and local currency, partially offset by net redemptions of $0.5bn. On a year-on-year basis, AuM dropped to $24.
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