CLIG to merge with US-based Karpus Management
9th Jun 2020 11:07
(Sharecast News) - City of London Investment Group (CLIG) has entered into a merger agreement to acquire US-based investment business Karpus Management (KMI) on a debt-free basis, it announced on Tuesday.
Read moreCity of London Investment Group funds under management drop
8th Oct 2015 09:46
(ShareCast News) - City of London Investment Group said it's hopeful of adding at least a net $250m to funds under management in the next six to nine months. The emerging markets asset management group said FuM were $3.6bn (£2.4bn) at the end of September, down from $4.2bn (£2.7bn) at the end of Jun
Read moreCity of London Investment Group's funds under management grow in 2015
15th Jul 2015 10:30
(ShareCast News) - City of London Investment Group reported an increase in funds under management in the year to end June. The London-listed company said its funds under management totalled $4.2bn (£2.7bn), an 8% year-on-year increase in dollar terms and a 17% growth in sterling terms, as a result o
Read moreCity of London Investment Group funds under management rise 5% in first quarter of 2015
8th Apr 2015 10:50
Asset management company City of London Investment Group said its funds under management increased in the first quarter of 2015. In the three months to end of the March, which represents the company's fiscal third quarter, funds under management rose 5% quarter-on-quarter to $4.2bn (£2.8bn). The co
Read moreCity of London Investment profits rise on FuM growth
11th Feb 2015 14:03
Asset management company City of London Investment Group said its funds under management edged higher over the course of 2014, leading to an increase in pre-tax profit and revenue in the first half of the year. Pre-tax profit for the six months to 31 December rose 30% to £4.3m, while revenue from ma
Read moreThursday broker round-up UPDATE
7th Aug 2014 09:42
Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a target price of 120p. Aggreko: Morgan Stanley raises target price from 1300p to 1350p, while leaving its underweight rating unaltered. Clinigen: N+1 Sin
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreTuesday broker round-up UPDATE
15th Jul 2014 08:53
Admiral Group: Numis moves target price from 1710p to 1720p, while downgrading from buy to add. African Barrick Gold: UBS initiates with a target price of 260p and a buy recommendation. Ashtead Group: Berenberg initiates with a target price of 1110p and a buy recommendation. British American Taba
Read moreMonday broker round-up UPDATE
7th Jul 2014 09:26
Balfour Beatty: Berenberg lowers target price from 290p to 280p and retains a buy recommendation. UBS lowers target price from 230p to 225p and keeps a neutral rating. Barclays: Citi lowers target price from 305p to 300p and keeps its sell recommendation. Clinigen: Investec cuts target price from
Read moreThursday broker round-up UPDATE
12th Dec 2013 08:13
British American Tabacco: Credit Suisse reduces target price from 3700p to 3550p and retains its outperform rating. City of London Inc Group: N+1 Singer cuts target price from 260p to 220p downgrading to hold. Diageo: Credit Suisse reduces target price from 2350p to 2200p and maintains an outperfo
Read moreMonday broker round-up UPDATE
9th Sep 2013 10:42
Associated British Foods: Panmure Gordon cuts target price from 2100p to 2075p, while leaving its buy recommendation unchanged. Investec places its target price (prev.: 1930p) under review keeping a hold recommendation. Aviva: Morgan Stanley increases target price from 403p to 445p and maintains an
Read moreCity of London Investment Group reports fall in FuM
17th Jun 2013 10:12
City of London Investment Group's shares dropped Monday after the company reported a fall in its funds under management (FuM). In a trading update for the financial year to May 31st, the group said FuM declined 17% to $3.7bn at the end of the period. The emerging markets asset management business
Read moreCity of London Group's CEO and FD step down
15th Apr 2013 09:58
City of London Investment Group's Chief Executive Officer (CEO) Doug Allison and Finance Director (FD) Valerie Tannahill have resigned from the board with immediate effect. Chief Information Officer, Barry Olliff, has been appointed interim CEO and the company has started looking for a new FD. Fin
Read morePlastics Capital founding shareholder reduces holding
14th Feb 2013 15:57
Richard Vessey, the founding shareholder of Plastics Capital, sold a slice of his stake in the niche plastics products group. Vessey, who is also a Non-Executive Director, disposed of 142,809 at 81.50p each, generating £116,389. He now holds 2.47m shares in the company, equal to 8.98% of the issue
Read moreCity of London Investment Group appoints CEO
31st Dec 2012 09:11
City of London Investment Group reported Monday that Doug Allison would take over as the new Chief Executive Office in the New Year. Allison, who has been Finance Director since 1998, will replace Barry Olliff, who will continue as Chief Investment Officer. Valerie Tannahill, who joined the compan
Read more