Monday broker round-up UPDATE
2nd Jun 2014 10:24
Anglo Pacific: FinnCap places both its target price (prev.: 216p) and its hold recommendation under review. Associated British Foods: Berenberg increases target price from 2600p to 3060p, while maintaining its hold recommendation. Barr (AG): Numis moves target price from 612p to 624p retaining a h
Read moreLondon open: Chinese data gives UK mining stocks a boost
2nd Jun 2014 08:58
- Miners lead gains early on - China manufacturing PMI rises, but house prices weaken - Busy week ahead with ECB and US jobs in focus techMARK 2,819.95 +0.27% FTSE 100 6,856.96 +0.18% FTSE 250 16,086.39 +0.48% Rising mining stocks helped UK equity markets to gain on Monday morning, as risk appeti
Read moreBerenberg upgrades Man Group to 'hold' from 'sell'
2nd Jun 2014 07:59
Fund manager Man Group's "enormous" restructuring effort of the last three years is set to pay off, analysts at Berenberg explained to clients on Monday morning. In a research note entitled 'Turning the corner', they argued that much of the "heavy-lifting" associated with a wide-scale and aggressi
Read moreFTSE 250 movers: Man climbs after confirming M&A talks
29th May 2014 14:59
Man Group leapt after it confirmed it is in talks to buy US money manager Numeric Holdings. The world's largest publicly traded hedge-fund manager said the discussions are "ongoing and may or may not lead to a transaction". Numeric, which uses quantitative analysis to make investments, manages $13.9
Read moreMan Group confirms takeover talks with Numeric
29th May 2014 08:14
Man Group has confirmed it is in talks to buy US money manager Numeric Holdings. The world's largest publicly traded hedge-fund manager said the discussions are "ongoing and may or may not lead to a transaction". Numeric, which uses quantitative analysis to make investments, manages $13.9bn. Man
Read moreTuesday broker round-up UPDATE
13th May 2014 09:08
Aberdeen Asset Management: Espirito Santo ups target price from 514p to 550p maintaining its buy recommendation. Asia Resource Minerals: JP Morgan starts with a target price of 210p and a neutral rating. Babcock International: Credit Suisse initiates with a target price of 1350p and an outperform
Read moreFTSE 250 movers: Tullett Prebon and Man Group provide a drag
9th May 2014 15:48
Interdealer broker Tullett Prebon disappointed the market on Friday by saying that it will take a 20m-pound one-off hit this year as it scales back costs and cuts jobs amid a challenging market. The company also said that the level of activity in financial markets has remained "subdued" since the
Read moreMan Group reports FuM growth but outlook cautious
9th May 2014 12:50
Hedge-fund manager Man Group said that net inflows of two billion pounds helped funds under management (FuM) grow in the first quarter, but shares fell after its executives sounded a cautious note on the outlook. FuM totalled $55bn as of March 31st, up from $54.1bn at the end of December, 1% ahead
Read moreFriday broker round-up UPDATE
9th May 2014 08:44
Advanced Medical Solutions: Numis ups target price from 105p to 121p and retains its hold recommendation. Arrow Global: Numis upgrades from add to buy with a target price of 285p. Bank of Georgia: Numis downgrades from buy to hold with a target price of 2708p. Barclays: Citi lowers target price f
Read moreUBS downgrades asset manager Ashmore, prefers Henderson
14th Apr 2014 10:22
Ashmore and Henderson are the two most expensive asset managers, according to UBS, which downgraded its rating on the former from 'buy' to 'neutral' on Monday. UBS said it remains positive on the emerging markets-focused group's fundamentals, though "the valuation is now demanding for an asset clas
Read moreFTSE 250 movers: Evraz lifted by sale completion, rising metal prices
4th Apr 2014 15:26
Evraz was a strong riser after announcing that it has finalised the sale of its wholly-owned subsidiary Evraz Vitkovice Steel (EVS) to a group of investors for a gross consideration of 89m dollars. Rising metal prices also provided a lift. Man Group was given a leg up by JP Morgan after it moved i
Read moreFriday broker round-up UPDATE
4th Apr 2014 10:07
African Minerals: Deutsche Bank reduces target price from 382p to 335p, while its buy recommendation remains unchanged. Arrow Global: Canaccord Genuity moves target price from 309p to 318p and keeps a buy recommendation. Ashmore Group: JP Morgan takes target price from 344p to 351p and maintains a
Read moreWednesday broker round-up UPDATE
2nd Apr 2014 08:48
Aberdeen Asset Management: Canaccord Genuity reduces target price from 540p to 460p, while its buy recommendation is kept. Anglo American: JP Morgan ups target price from 1260p to 1300p, while leaving its underweight rating unchanged. Aviva: JP Morgan raises target price from 528p to 570p maintain
Read moreFTSE 250 movers: Balfour Beatty lifted by broker rating
28th Mar 2014 15:25
Balfour Beatty rose after broker Jefferies initiated its coverage with a target price of 406p and a 'buy' recommendation. Synthomer was also on the up following JP Morgan's decision to up its target price from 244p to 260p. Oil and gas company Enquest was back in the red; it this week revealed th
Read moreFTSE 250 movers: Partnership Assurance shares recover
26th Mar 2014 14:24
Partnership Assurance rose strongly today as the annuity provider climbed alongside others in the sector following last week's major sell-off which came on the back of the government's decision to bin compulsory annuities for pensioners. Just Retirement Group also made strong gains. Online gaming
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