Man Group confirms GLG analyst being questioned by FSA
28th Feb 2013 09:45
An analyst from GLG, which is owned by alternative asset manager Man Group, has been arrested by the Financial Services Authority (FSA) and the Metropolitan Police. In a statement issued on Wednesday, the FSA, reported that it had executed six search warrants in the City of London and Greater Londo
Read moreAdjusted profits edge higher at Man Group
28th Feb 2013 08:45
Adjusted profit before tax (PBT) rose to 278m dollars in the full year to December 31st from 262m dollars in the nine months to December 31st 2011 at Man Group. The FTSE 100-listed alternative asset manager reported that funds under management at the end of 2012 were $57bn compared to $58.4bn in th
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreSunday newspaper round-up: easyJet, Barclays, Man Group
10th Feb 2013 17:24
The Sunday Telegraph understands Sir Stelios, who with his family owns 36 per cent of easyJet´s shares, is to vote against the re-election of Sir Mike Rake, the Chairman, as well as against the board's remuneration report. In addition, he will abstain against all 18 other resolutions on matters such
Read moreThursday broker round-up UPDATE
7th Feb 2013 07:14
African Barrick Gold: Deutsche Bank shifts target price from 415p to 410p, while its hold recommendation is maintained. Ashmore Group: Canaccord Genuity moves target price from 315p to 399p and upgrades to buy. Atkins: JP Morgan takes target price from 859p to 893p and reiterates an overweight rat
Read moreFriday broker round-up UPDATE
25th Jan 2013 07:03
Aberdeen Asset Management: Goldman Sachs upgrades to buy with its target price at 360p. APR Energy: JP Morgan lowers target price from 1005p to 950p, while its overweight rating is left unchanged. Brooks Macdonald Group: Numis ups target price from 1400p to 1470p and retains a hold recommendation.
Read moreMonday broker round-up UPDATE
14th Jan 2013 06:57
Aberdeen Asset Management: JP Morgan ups target price from 414p to 479p and retains an overweight rating. HSBC downgrades to neutral. Aggreko: UBS cuts target price from 2350p to 2250p maintaining a buy rating. ARM Holdings: Piper Jaffray downgrade to neutral. Ashmore Group: JP Morgan shifts ta
Read moreRoman to succeed Clarke as new CEO of Man Group
10th Dec 2012 16:51
Alternative asset manager Man Group has announced that Peter Clarke will retire as Chief Executive Officer and step down from the board on February 28th 2013. Incumbent Chief Operating Officer Emmanuel "Manny" Roman will succeed him following a handover period lasting until tFebruary 28th 2013, wh
Read moreLondon close: Stocks rally on 'fiscal cliff' optimism
10th Dec 2012 16:39
- Obama-Boehner meeting sparks optimistic mood - Italian PM steps down - Economic data from Asia comes in mixed Optimism that US law-makers can agree over the impending 'fiscal cliff' managed to offset concerns regarding political uncertainty in Italy, with the FTSE 100 rallying to finish with smal
Read moreFTSE 250 movers: AZ Electronic Materials hit by downgrade
10th Dec 2012 15:52
Speciality chemicals producer AZ Electronic Materials was leading the fallers on the FTSE 250 after UBS cut its rating from 'buy' to 'neutral' on valuation grounds, removing the stock from its 'Pan-euro Midcap Key Call List'. Including Monday's over 5% decline (to 360.8p), the stock has still gain
Read moreThursday broker round-up UPDATE
29th Nov 2012 07:27
Aberdeen Asset Management: Morgan Stanley raises target price from 365p to 375p; keeping an overweight rating. ASOS: Societe Generale raises target price from 2500p to 2530p and reiterates its hold recommendation. Babcock International: UBS downgrades from buy to neutral. Barratt Developments: HS
Read moreLondon close: Stocks rise on low volumes
22nd Nov 2012 16:52
- Trading light as US celebrates Thanksgiving - Focus shifts to EU summit - SABMiller jumps; 'Glenstrata' merger approved With trading volumes light owing to Thanksgiving, upbeat Chinese manufacturing data saw UK markets finish Thursday's session with decent gains in spite of the ongoing uncertaint
Read moreFTSE 250 movers: Man Group leads risers as Talvivaara drops
22nd Nov 2012 15:50
Fund manager Man Group advanced today after the Financial Times reported that it has moved 1.5bn dollars of its flagship fund AHL into a new portfolio in order to raise returns. Chemring was higher after it was reported that a subsidiary of the company was awarded a $4.4m contract for the manufact
Read moreLondon midday: Miners gain after upbeat Chinese data
22nd Nov 2012 11:31
- Stocks gains despite Eurozone gloom - Chinese manufacturing figures lift sentiment - Trade expected to be light with US closed Decent manufacturing figures from China ensured that the FTSE 100 was making gains on Thursday with the heavyweight mining sector bolstering the benchmark index. However
Read moreMan Group rises on report of fund experiment
22nd Nov 2012 08:56
The world's largest hedge fund, Man Group, rose strongly on reports it is experimenting with a new way of improving results at its flagship computerised fund. AHL, which manages assets of $16.3bn, has been hit hard by quantititave easing and chaos in the Eurozone, in turn hitting Man's share price
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