London close: Stocks end flat ahead of Fed statement
22nd Jun 2011 16:44
After a poor start, the Footsie was pulled into positive territory for a brief moment but ended flat ahead of the Federal Reserve's decision over the interest rate and a possible QE3. Expectations are for the rate-setting committee to announce few changes, but one never knows for sure. There is now
Read moreFTSE 100 movers: Man Group leads the recovery
22nd Jun 2011 15:33
Hedge fund manager Man Group is the high riser of the day, pulling the Footsie back into positive territory, after some kind words from Credit Suisse. Man is "moving in the right direction", according to the Swiss brokerage, who upgraded the firm from a 'neutral' to an 'outperform' rating. "Clearly
Read moreLondon close: Greek concerns weigh on financials
20th Jun 2011 16:43
The Footsie finished moderately lower on Monday afternoon as Greek debt crisis dragged on. Financials were among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the c
Read moreFTSE 100 movers: RBS leads financials lower
20th Jun 2011 16:01
Financials are among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the country. RBS, Man Group, Hargreaves Lansdown and Schroders were the worst four performers as o
Read moreBroker tips: Kingfisher, Man Group, Topps Tiles
1st Jun 2011 12:54
Matrix has hiked up its target price for B&Q owner Kingfisher ahead of its first quarter results, seeing more upside to come despite the recent share price run. Analyst Tom Gadsby says that the 31 ex-Focus stores acquired by Kingfisher in early May would add 2% to B&Q sales, "offsetting the headwin
Read moreBroker snap: Target price upped for Man Group
1st Jun 2011 12:24
Credit Suisse thinks that the fund raising environment for hedge fund manager Man Group is improving and raises its target price from 250p to 270p. The broker says there is increased demand for hedge funds, and in particular managed futures funds such as AHL (Man's quantitative managed futures mana
Read moreLondon close: FTSE 100 edges higher again
26th May 2011 16:51
The FTSE 100's hesitant performance since Monday's dive has continued, with the top share index closing just a few points higher. Among the risers was Man Group whose adjusted profit before tax rose to $599m in the year to 31 March from $560m the year before, ahead of company guidance. Statutory pr
Read moreFTSE 100 movers: Weir rises above the rest
26th May 2011 14:37
Engineering titan Weir is a strongest gainer, roaring over 5% higher on Thursday afternoon. Meanwhile, the mining sector is dominating the risers, with Antofagasta, Lonmin, Anglo American and Fresnillo in demand, Man Group, the hedge fund manager, is performing well after full-year pre-tax profit
Read moreLondon midday: Stocks clinging on despite mixed updates
26th May 2011 12:15
Stocks are holding onto their modest early morning gains, after a mixed reception for company updates. Among the risers is Man Group whose adjusted profit before tax rose to $599m in the year to 31 March from $560m the year before, ahead of company guidance. Statutory profit before tax tumbled to $
Read moreLondon open: Stocks move higher
26th May 2011 08:29
Shares have edged higher following an improvement on Wall Street after London closed yesterday. Among the risers is Man Group whose adjusted profit before tax rose to $599m in the year to 31 March from $560m the year before, ahead of company guidance. Statutory profit before tax tumbled to $324m fr
Read moreLondon pre-open FTSE 100 to post gains
26th May 2011 07:48
The top share index is seen posting gains following a fightback on Wall Street last night. In company news this morning, strong sales of non-clothing items such as leather handbags helped the luxury fashion group Burberry to a sharp rise in sales in the year to 31 March. Adjusted pre-tax profit ros
Read moreMan Group in upside surprise
26th May 2011 07:07
Full-year pre-tax profit at hedge fund manager Man Group came in at just under $600m, higher than the group had indicated at the time of its pre-close trading statement. The higher profit number was caused mainly by three factors: an increase of $10m in gross management fee income following strong
Read moreThursday preview: Burberry, Daily Mail, Man Group
25th May 2011 17:25
Burberry is undoubtedly one of Britain's gilt-edged brands and it is amazing to recall that it was once thought in some circles that the popularity of the Burberry check baseball cap with "chavs" in the previous decade had fatally undermined the value of the brand. More recently, the shares have co
Read moreLondon close: Sluggish day for FTSE 100
3rd May 2011 16:46
Shares started well after the extended weekend, but the buoyancy soon gave way to sluggishness and the top share index closed just a few points higher. Hedge fund manager Man Group was a strong performer after it announced the launch of an AHL open-ended fund in Japan, Nomura Global Trend, which ha
Read moreLondon open: Strong start for FTSE 100
3rd May 2011 08:32
Shares have hit the ground running following the long weekend. Hedge fund manager Man Group is setting the pace after it announced the launch of an AHL open-ended fund in Japan, Nomura Global Trend, which has raised $1.5 billion. The fund began trading at the end of April 2011. Catering giant Co
Read more