Ashmore gets off to solid start amid volatile emerging markets
12th Oct 2018 07:19
(Sharecast News) - Ashmore recorded net inflows of $1.9bn in the past quarter as clients looked to take advantage of price volatility across emerging markets, which management expects to continue in coming months.
Read moreAshmore posts record net inflows, says planning to open Ireland office
7th Sep 2018 07:44
(Sharecast News) - Ashmore reported steady full-year pre-tax profit on Friday and record net inflows, as it said it was in the process of establishing an office in Ireland ahead of Brexit.
Read moreShift from active to passive asset managers slowing, UBS says
1st Aug 2018 10:58
(Sharecast News) - European asset managers are facing better conditions in the second half of the year, UBS said on Wednesday, suggesting UK funds Schroders and Ashmore would benefit most.
Read moreUBS revises target price on Ashmore Group higher
10th Feb 2017 12:25
(ShareCast News) - UBS bumped up its target price on shares of Ashmore Group following its most recent interims and a detailed analysis of its quarterly gross inflows. Analyst Michael Werner highlighted the Emerging Markets investment manager's earnings beat on first half 2017 earnings per share,
Read moreFriday broker round-up
10th Feb 2017 10:35
(ShareCast News) - British American Tobacco: Berenberg upgrades to Buy with a target price of 5670p. Smith & Nephew: Jefferies reiterates Buy with a target price of 1350p. BT Group: UBS maintains Neutral with a target price of 325p. Ashmore Group: UBS maintains Buy with a target price of 390p. Da
Read moreAshmore posts rise in first-half profit, but AuM slip
9th Feb 2017 07:08
(ShareCast News) - FTSE 250 fund manager Ashmore, which focuses on emerging markets, reported a rise in pre-tax profit for the first half, thanks to favourable currency movements and higher performance fees. In the six months to the end of December, pre-tax profit rose 94% to £121.5m, while net reve
Read moreTuesday broker round-up
31st Jan 2017 08:55
(ShareCast News) - Whitbread: HSBC reiterates Buy with a target price of 4800p Ashmore Group: Goldman Sachs reiterates Buy with a target price of 370p. Vodafone: JPMorgan reiterates Overweight with a target price of 193p. Ferrexpo: JPMorgan upgrades to Overweight with a target price of 205p. Virg
Read moreLondon close: FTSE ends higher as Trump lifts global sentiment
25th Jan 2017 16:03
(ShareCast News) - The FTSE 100 rose marginally on Wednesday as global stocks rallied after a series of executive orders from US President Donald Trump lifted investor sentiment. The index closed up 0.20% to 7,164.43 points. The FTSE's gains were limited as the pound recovered after Prime Minister
Read moreWednesday broker round-up
25th Jan 2017 09:59
(ShareCast News) - Paddy Power: Barclays reiterates Overweight with a target price of 110p. Reckitt Benckiser: Berenberg upgrades to Buy with a target price of 7,900p. Crest Nicholson: Deutsche Bank reiterates Hold with a target price of 564p. BT Group: Citi reiterates Buy with a target price of 4
Read moreAshmore rallies on UBS upgrade
25th Jan 2017 09:23
(ShareCast News) - Ashmore was a high riser on Wednesday as UBS upgraded the stock to 'buy' from 'neutral', saying the market has little to fear from rising US dollar interest rates. UBS said the market has over-reacted to the impact a stronger US dollar and rising US dollar interest rates will have
Read moreAshmore confident of 'strong 2017' despite quarterly decline
16th Jan 2017 07:06
(ShareCast News) - Emerging markets focused fund manager, Ashmore revealed that relatively minor outflows and negative market performance combined to put a $2.4bn dent in assets under management in the second quarter, but that for 2017 it expects "further strong performance". AUM declined 4.4% to $5
Read moreFTSE 250 movers: Halma gets healthy boost; metals stocks down
9th Jan 2017 15:35
(ShareCast News) - The FTSE 250 index was 0.23% higher at 18,384.09 in the late afternoon. Swiss iron ore miner Ferrexpo was in the green after it achieved record sales volumes in 2016, but produced fewer pellets as it focused on reducing its debt. Safety, health and environmental technology group
Read moreAshmore slumps as Barclays reiterates 'underweight', slashes price target
9th Jan 2017 08:40
(ShareCast News) - Ashmore tumbled on Monday after Barclays reiterated its 'underweight' rating on the investment manager and cut its price target to 270p from 325p. The bank noted that despite a 19% selloff in the final quarter of last year, the company still outperformed its asset manager peers an
Read moreEmerging market-focused stocks battered
11th Nov 2016 16:45
(ShareCast News) - Financials with exposure to emerging markets, such as StanChart, Aberdeen Asset Management and Ashmore Group were near the bottom of the pile, amid worries of capital outflows from emerging markets as US interest rates climbed higher, in part on the prospect for increased fiscal s
Read moreBroker tips: Wood Group, Petrofac, Ashmore, Debenhams
17th Oct 2016 12:35
(ShareCast News) - Raymond James initiated coverage of Wood Group at 'outperform' with a 900p price target. It said Wood was in the frontline to take advantage of the oil market recovery it expects. Raymond James said management has weathered the downturn well, preserving the strong balance sheet.
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