FTSE 100 movers: Credit Suisse starts coverage of Aggreko
17th Sep 2010 15:24
Aggreko is the best performer after Credit Suisse started covering the back-up generator firm with a neutral recommendation. The shares go ex-dividend next Wednesday. The interim dividend is 6.55p a share. Invensys has become the exclusive supplier of railway signalling to Chinese rolling stock ma
Read moreFTSE 100 movers: ARM recommended
8th Sep 2010 14:59
Broker UBS has issued a downbeat assessment of the European semiconductor market but it makes an exception with chip designer ARM, and has raised its price target for the Cambridge-based firm from 305p to 370p a share. There is also speculation that Samsung is choosing to use ARM technology in new p
Read moreLondon close: US jobs data buoys Footsie
3rd Sep 2010 16:33
Footsie was buoyant as trading closed for the weekend following some well-received US jobs data. The number of Americans who lost their jobs in August was 54,000 compared with predictions of over 100,000. The payrolls count in both the previous two months was also revised higher, exciting another
Read moreLondon afternoon: Footsie hits 4-month peak
3rd Sep 2010 14:13
Dealing rooms across the City strapped on their buying boots ahead of the weekend following a much smaller than expected fall in US nonfarm payrolls. The number of Americans who lost their jobs in August was 54,000 compared with predictions of over 100,000. The payrolls count in both the previous t
Read moreLondon midday: Traders play 'spot the bid target'
3rd Sep 2010 12:16
Footsie finished the morning not far off its high for the day, marginally above the 5,400 mark. It was a quiet morning for hard news, however, so traders entertained themselves with some good old fashioned bid speculation. Temporary power solutions provider Aggreko is the top performer on whispers
Read moreFTSE 100 movers: TUI continues downward journey
11th Aug 2010 15:39
There are few risers in the Footsie as TUI Travel continues to head the fallers. Package holiday firm Thomas Cook followed up yesterday's disappointing trading statement by TUI with one of its own. Thomas Cook warned that full-year profits will be at the low end of forecasts due to softer UK booki
Read moreFTSE 100 movers: Standard strong ahead of interims
3rd Aug 2010 15:44
Financials are generally strong but Footsie is still lower on the day. Standard Chartered is strong ahead of tomorrow's interim results. Man Group, Standard Life and Prudential are also higher. Banking group Investec is heading in the other direction after it raised £104.5m through a placing at 4
Read moreFinancial News: Eight People Leave Man Group's AHL
28th Jul 2010 08:35
By Harriet Agnew Of FINANCIAL NEWS Eight people have left AHL, Man Group's (EMG.LN) flagship computer-driven hedge fund responsible for three quarters of its profits, across its research, trading and technology departments. The departures come as analysts express concern about AHL's weak per
Read moreMan Group AHL Diversified Futures Weekly Nav -0.17% To $35.69
27th Jul 2010 17:13
LONDON (Dow Jones)--Man Group PLC (EMG.LN) Tuessaid the net asset value of AHL Diversified Futures Ltd. at the close of business Monday was down 0.17% on the week at %35.69. In the last 12 months, it is down 4.6%. It uses quantitative models to exploit price trends in a variety of markets, i
Read morePRESS RELEASE: S&P: Man Group 'BBB+/A-2' Ratings Remain On Watch Neg
23rd Jul 2010 11:28
The following is a press release from Standard & Poor's: -- We have reviewed the rating implications of Man Group's planned acquisition of GLG Partners Inc., a transaction which Man has stated is likely to complete in September 2010. -- We are keeping the 'BBB+/A-2' ratings on Man on Cred
Read moreMan Group AHL Diversified Futures Weekly Nav +0.28% To $35.75
20th Jul 2010 17:18
LONDON (Dow Jones)--LONDON (Dow Jones)--Man Group PLC (EMG.LN) Tuesday said the net asset value of AHL Diversified Futures Ltd. at the close of business Monday was up 0.28% on the week at $35.75. MAIN FACTS: -In the last 12 months, it is down 1.6%. -It uses quantitative models to exploit
Read moreMan Group AHL Diversified Futures Weekly NAV -2.06%
13th Jul 2010 17:19
LONDON (Dow Jones)--Man Group PLC (EMG.LN) Tuesday said the net asset value of AHL Diversified Futures Ltd. at the close of business Monday was down 2.06% on the week at $35.65. In the last 12 months, it is down 1.6%. It uses quantitative models to exploit price trends in a variety of market
Read moreMan Group Revamps $21.1B AHL Computer Models
9th Jul 2010 18:43
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Man Group PLC's (EMG.LN) $21.1 billion AHL fund is bringing in new models that would have halved its losses in 2009, a Man Group spokesman told Dow Jones Newswires Friday. Man Group's flagship AHL fund uses computer models to
Read moreFriday tips round-up: Hays, Man, FirstGroup
9th Jul 2010 06:55
It was a better update from recruiter Hays than might have been expected given the continuing economic uncertainty here and in Europe. Happily for investors, the recruiter's reach extends well beyond these shores to places where the economic climate is altogether sunnier. The prospective yield is
Read moreHEARD ON THE STREET: The Descent Of Man
9th Jul 2010 06:30
(This story was originally published Thursday.) By Hester Plumridge A DOW JONES COLUMN Investors have been flocking back to hedge funds this year, but not to Man Group. After two consecutive years of outflows, the global hedge fund industry took in $13.7 billion in net new capital in the
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