London open: Man Group leads the rise early on
1st Mar 2012 08:46
- Man Group surges after shaking up divi policy. - Chinese manufacturing continues to expand. - Tata weighing up a bid for Cable and Wireless Worldwide. London's blue chips edged higher on Thursday morning, helped by a strong rise performance by Man Group. Meanwhile, Chinese manufacturing data help
Read moreLondon pre-open: Markets digest LTRO
1st Mar 2012 07:30
City sources predict the FTSE 100 will open down 8 points from yesterday's close of 5,872, as markets take some time to process the European Central Bank's (ECB) decision over the long term refinancing operation (LTRO). Yesterday, the ECB announced the receipt of €529.5bn in bids for liquidity at it
Read morePositive start for Man; overhauls divi policy
1st Mar 2012 07:16
Funds under management (FUM) at hedge fund manager Man Group have edged up during 2012, despite customers reducing the amount of money they have placed with the company. FUM at the end of February stood at an estimated $59.5bn, up from $58.4bn at the end of 2011, reflecting positive investment perf
Read moreLondon midday: Stocks up as investors await news from Greece
8th Feb 2012 11:46
- Reckitt, miners and banks provide a lift on the FTSE 100. - Big movers on the FTSE 250 drag index into the red. - Markets await news from Greek meetings. Stocks pared gains by midday but were still trading in positive territory as investors awaited developments from Greece with leaders still grap
Read moreLondon open: Stocks rise with Greece in focus
8th Feb 2012 08:42
- Greek leaders scheduled to discuss draft deal. - Reckitt rises strongly after beating full-year targets. - Miners, financials provide a lift. Stocks opened higher on Wednesday following two days in the red, with banks and resource stocks providing a lift. Worth noting, the FTSE All-World equity i
Read moreLondon midday: Footsie unchanged, RBS leads risers
20th Jan 2012 11:57
- Greek talks still in progress. - RBS taps ECB emergency facility. - Vodafone up on Indian tax ruling. The Footsie was rather flat at midday, after swinging between gains and losses in the mid-morning session. Neverthess, the blue chip index was trading within a narrow range with just 26 points se
Read moreLondon close: Stocks edge higher on IMF hopes
18th Jan 2012 16:33
- IMF looks to boost lending capacity by $500bn - UK jobless rate rises to 8.4% - Essar bounces back after Indian tax ruling UK stocks finished moderately higher on Wednesday, with reports that the IMF is boosting its lending capacity lifting the mood across European markets. The International Mo
Read moreFTSE 100 movers: Recovering Essar in top spot
18th Jan 2012 14:54
Essar Energy was leading the way higher after a court ruling in India wiped 26% of the company's share price yesterday. The ruling appeared to put an end to Essar's use of a tax scheme for its oil refining operations in the state of Gujarat, which had seen the company defer $1.235bn in tax payment
Read moreLondon midday: Essar recovery pushes Footsie into the blue
18th Jan 2012 12:01
The Footsie pushed into positive territory in late morning trade, helped the blue chip index nudge above the 5,700 mark, helped by a strong recovery from Essar Energy and a well-received trading update from Man Group. Nevertheless, investors are keeping a close eye on Athens today as Greek private
Read moreBroker snap: Man still a buy despite tough quarter, says Peel Hunt
18th Jan 2012 10:36
Peel Hunt has kept its buy rating on hedge fund manager Man Group, despite today's update confirming a "very difficult quarter". Assets under management fell to $58.4bn by December 31st, down 9.5% from September 30th. Though the group saw $3.1bn of new money flow into its funds in the final quarter
Read moreWednesday broker round-up
18th Jan 2012 09:32
BT Group: UBS downgrades from buy to neutral, target cut from 230p to 210p. Tullow Oil: finnCap retains sell rating and 1,000p target. Man Group: Peel Hunt keeps buy stance but puts 245p target under review. Vodafone: On UBS's most preferred telecoms list. Rio Tinto: UBS cuts target from 5,500p
Read moreLondon open: Tullow, BHP lead resource stocks lower
18th Jan 2012 08:21
Yesterday's optimism - on the back of positive macro data from China, Germany and the US - seems to have been short-lived, with the FTSE 100 falling in to the red in early trading on Wednesday. Eurozone concerns are now again in focus with meetings between the Greek government an private creditors s
Read moreLondon pre-open: Stocks to open marginally lower
18th Jan 2012 07:25
City sources predict the FTSE 100 will open down 5 points from yesterday's close of 5,693, ahead of today's unemployment rate announcement. It seems that yesterday's cheery mood - on the back of positive economic data from China, Germany and the US - was short-lived, as attention also turns to cruci
Read moreRedemptions slow but FUM still plunge at Man
18th Jan 2012 07:03
Struggling hedge fund manager Man Group bade goodbye and good riddance to 2011, as it revealed funds under management (FUM) took another dive in the final quarter of last year. FUM at 31 December 2011 fell $6bn to $58.4bn from the $64.5bn billion at the end of September, an even bigger fall than th
Read moreWednesday preview: Man and Wetherspoon
17th Jan 2012 15:46
Pubs group JD Wetherspoon gives an update on Wednesday for the second quarter of its financial year, which will cover the hyper-busy Christmas and New year trading period. Panmure Gordon notes the group will be running up against some tough comparative figures from a year ago, but still reckons the
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