London close: Footsie bounces back, small caps underperform
9th Jul 2015 16:50
A motley assortment of airlines, financials and homebuilders paced gains on Thursday, after a bounce in Chinese stockmarkets relieved some of the recent selling pressure. Nevertheless, China and Greece were not far from traders' minds, particularly the latter ahead of fresh reform proposals from of
Read moreThursday broker round-up
9th Jul 2015 16:22
Ashmore: RBC keeps at underperform. Aggreko: Exane reiterates underperform recommendation and 1,250p target. Anglo American: Investec stays at hold on the miner's South African-listed shares. Associated British Foods: Credit Suisse stays at outperform and sets a target price of 3,250p. Barclays:
Read moreFTSE 250 movers: Drax leads charge while Grafton Group takes a hit
9th Jul 2015 16:11
Mid-cap stocks were up slightly on Thursday, by 1.07% at 16:42, with power generator Drax leading the upward charge. The power company put in a solid performance after tumbling to an all-time low on Wednesday after Chancellor of the Exchequer George Osborne announced the government will remove the C
Read moreMan Group manager says hedge funds reducing risk over Greece
9th Jul 2015 10:36
Hedge funds have been cutting back on their risk due to the situation in Greece, according to a Man Group manager. "Hedge funds have been in risk reduction mode over Greece," Chris Huggins, the manager of Man Group's GLG Cross Asset Value Offshore told Bloomberg News in a telephone interview. "Foll
Read moreLondon close: Stocks surge following elections
8th May 2015 17:00
London stocks racked up healthy gains on Friday, as investors welcomed news that Prime Minister David Cameron's Conservative Party would remain in power for a second term. The FTSE 100 closed up 2.32% at 7,046.82, with banks, utility stocks and housebuilders providing the biggest support. Lloyds Ba
Read moreFTSE 250 movers: property and rail stocks surge on Tory win
8th May 2015 13:27
Wireless antenna maker Laird topped the risers on higher first quarter revenues and a strong outlook for the rest of the year. "We have some visibility on new products to be launched by customers in the second half of the year, which underpins our current full year outlook," said chief executive Dav
Read moreLondon midday: Stocks power ahead as market cheers surprise Tory election win
8th May 2015 11:23
London stocks posted healthy gains on Friday as investors welcomed news that Prime Minister David Cameron's Conservative party is on track for a second term in power. The FTSE 100 was up 1.7% at 7,004.23 by midday, with banks, utility stocks and housebuilders pacing the advance. Lloyds Banking Grou
Read moreLondon open: Stocks surge as Conservatives look set for election win
8th May 2015 09:04
London stocks made strong gains on Friday as investors cheered signs that Prime Minister David Cameron's Conservative Party is on track to govern Britain for another five years. The FTSE 100 was up 1.5% at 6,989.60 in early trade, with banks and utility stocks leading the charge. Lloyds Banking Gro
Read moreMan Group retains caution on first-half flows
8th May 2015 07:25
In the first quarter of 2015 Man Group saw a 7% increase in its funds under management (FuM) to reach $78.1bn. All of the company's managers saw positive investment performance, adding $4.3bn to the firm's FuM, the company said in its trading statement. The acquisition of Silvermine, completed on 2
Read moreMan Group impresses with stellar profits growth
25th Feb 2015 08:17
Hedge fund giant Man Group impressed with full year results driven by acquisitions, with surging sales and performance fees from its AHL quant funds. Assets rose 35% to $72.9bn (£47bn) in 2014, with redemptions from group funds declining 6%. Adjusted profit before tax was up 62% at $481m and adjuste
Read moreMan Group acquires Japan equities specialist NewSmith for 'under $50m'
20th Feb 2015 10:14
Man Group, the hedge fund company, has agreed to acquire the investment management business of NewSmith for an undisclosed sum, estimated to be less than $50m. NewSmith, which has $1.2bn of assets under management, compared to Man Group's last reported figure of $72.3bn as at 30 September 2014. Ana
Read moreFTSE 250 movers: Petra Diamonds boosted by higher production guidance, Man Group stonger on upgrade
19th Feb 2015 16:00
Petra Diamonds topped the risers after raising its production guidance from 3.2m to 3.3m carats for the 12 months to 30 June. "Our expansion programmes are on track at all operations, and production is expected to grow to about 3.3m carats in 2015 and to about 5m carats by financial year 2019," said
Read moreFTSE 250 movers: Miners and oil companies trading higher, Halma hit by downgrade
9th Feb 2015 13:51
Halma took its biggest one day fall since May 2010, as JP Morgan downgraded the stock from 'neutral' to 'underweight'. Man Group was among the fallers despite an increased price objective from analysts at Liberum Capital, from 145p to 213p. Polymetal International and Kaz Minerals were putting in d
Read moreFTSE 250 movers: Energy sector struggles as oil price continues to slide
5th Jan 2015 14:04
Oil producers such as Afren and Premier Oil, and energy services firms Wood Group, Hunting and Petrofac, were all falling sharply on Monday as the price of oil continued to sink. Brent crude dropped below $55 a barrel (bbl) for the first time since May 2009. Afren was also continuing to decline afte
Read moreTuesday broker round-up UPDATE
11th Nov 2014 09:55
AdEPT Telecom: WH Ireland moves target price from 170p to 185p, keeping its buy recommendation. Northland moves target price from 165p to 175p and maintains a buy recommendation. Betfair: JP Morgan raises target price from 1175p to 1350p and upgrades from neutral to overweight. BHP Billiton: JP Mor
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