Broker tips: Lloyds, Man Group, Imperial
1st May 2012 11:36
Investec has reiterated its buy recommendation and 40p target price for Lloyds Banking Group following the bank's well-received first-quarter results on Tuesday morning. "In the recent past, financial updates from Lloyds often sounded like a desperate plea for help - but no more," Investec said in
Read moreLondon midday: Lloyds makes gains as stocks shrug off PMI data
1st May 2012 11:35
- UK, China PMIs disappoint - Lloyds provides a lift, Man Group and BP drop after updates - European, Asian markets closed; US open With most European and Asian markets closed today for May Day, the Footsie was trading only slightly higher by Tuesday lunchtime as some worse-than-expected manufactur
Read moreBroker snap: Peel Hunt downgrades Man Group to hold
1st May 2012 09:57
Peel Hunt has downgraded its rating for hedge fund manager Man Group from buy to hold, saying that today's first-quarter update 'will do little to quell fears' surrounding the company. Overall, the broker says that this morning's statement is broadly as expected with asset flows remaining relativel
Read moreLondon open: UK stocks rise on quiet day for global markets
1st May 2012 08:28
- Several bourses closed for May Day - Chinese manufacturing PMI below expectations - Lloyds impresses, BP doesn't With most markets in Asia and Europe closed for May Day on Tuesday, London's FTSE 100 opened with moderate gains as some well-received results from Lloyds and Imperial Tobacco provided
Read moreTuesday broker round-up - UPDATE
1st May 2012 08:09
Aberdeen Asset Management: Citigroup ups target from 290p to 310p, buy rating kept; Barclays Capital raises target from 260p to 285p, equal weight retained; UBS lifts target from 310p to 340p, buy rating unchanged. Avocet Mining: Nomura reiterates buy recommendation and 310p target. Cape: Arden Pa
Read moreMan Group sees FuM rise, but AHL struggles continues
1st May 2012 07:20
Man Group, the hedge fund manager which has seen its share price plummet over the last two months, has reported a slight increase in funds under management (FuM) in the first quarter. FuM at March 31st was $59bn, up from the $58.4bn reported at the end of the previous financial year, but lower than
Read moreLondon close: Stocks snap four-day winning streak
30th Apr 2012 16:30
- Chicago PMI, US consumer spending disappoints - Spain joins the UK in recession - Global stock markets in the red With economic data missing expectations Stateside and Spain continuing to dampen the outlook for the Eurozone economy, London's FTSE 100 index slumped on Monday, snapping a four-day w
Read moreFTSE 100 movers: Man's slump continues
30th Apr 2012 14:49
The volatility in the share price of hedge fund manager Man Group has continued on Monday, with the stock extending recent losses ahead of its first-quarter update due tomorrow. Including today's +4% fall, the shares are nearly 11% higher than they were a week ago but down over 24% on the month. Th
Read moreLondon midday: Footsie down as Man Group provides a drag
30th Apr 2012 11:48
- Spain joins the UK in recession - Man Group volatile ahead of Q1 IMS - Aberdeen up after solid first half London's blue chip index was trading near its lowest levels of the day by Monday lunchtime, snapping a four-day winning streak as Eurozone concerns were once again brought into the spotlight.
Read moreLondon close: Footsie finishes week strongly, Man Group soars
27th Apr 2012 16:22
- Footsie finishes up five points on the week - Stocks rise despite US GDP data, Spanish downgrade - Man Group jumped 14% after upgrade Following a steep sell-off on Monday, a four-day rise for blue-chip stocks saw the FTSE 100 finish slightly above levels seen last week with financials leading the
Read moreFTSE 100 movers: Man Group leads the way after upgrade
27th Apr 2012 15:24
Hedge fund manager Man Group became the highest riser after Societe Generale upgraded its rating on the stock from hold to buy. Earlier this week Swiss bank UBS suggested the hedge fund operator could be a takeover target as its shares have more than halved over the last year, and are down by a quar
Read moreLondon midday: Stocks rise as markets await US GDP data
27th Apr 2012 11:56
- US futures flat ahead of GDP data - UK investors shrug off Spanish downgrade - Man, CRH, British Land rise after upgrades The Footsie was trading firmly higher on Friday morning as investors shrugged off a downgrade for Spain and some disappointing UK economic data. US stock futures were pointi
Read moreFriday broker round-up - UPDATE
27th Apr 2012 09:21
AstraZeneca: Credit Suisse maintains underperform rating and 2,600p target. ASOS: HSBC upgrades from neutral to overweight, target cut from 1,900p to 1,780p. Barclays: Nomura reiterates neutral recommendation and 268p target. British American Tobacco: Jefferies maintains buy recommendation and 3,
Read moreLondon close: Markets rebound after steep losses
24th Apr 2012 16:43
- Global markets rebound after yesterday's losses - Man Group jumps as UBS speculates over M&A - Shell makes 220p-a-share offer for Cove London's FTSE 100 index clawed its way back above the 5,700 level on Tuesday afternoon after a broadly stronger start on Wall Street. Europe's major benchmarks we
Read moreFTSE 100 movers: Man Group leaps on UBS comments
24th Apr 2012 14:49
Hedge fund manager Man Group was leading the risers in London ahead of its quarterly assets under management update next week. UBS reiterated its buy recommendation on the stock this morning, saying that the firm is a "likely take-out candidate" and is on its 'M&A Watch List'. "With Man Group shar
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