London midday: Bears bite Man
28th May 2009 11:56
Stock market bears were out in force again this morning in London after thee overnight shake-out on Wall Street. Shares in hedge fund manager Man Group would be expected to plunge on a day when optimism about the economic recovery of the US is in short supply but the stock is also weighed down by
Read moreFTSE 100 movers: Man hammered on profit slide
28th May 2009 11:30
Hedge fund manager Man slumped over 10% at one point today as troubles in the global financial markets in the past year dragged on profits. Funds under management at 31 March slumped to $46.8bn against $74.6bn last year. The figure was $0.9bn lower than the trading update it announced in March due
Read moreLondon open: Footsie starts down
28th May 2009 08:14
London's top stocks have started in the red as the US markets finished lower yesterday. Hedge fund manager Man Group is the biggest faller after it saw profits slide for the year. "The past financial year saw extraordinary turmoil in financial markets globally which put extreme stress on business
Read moreLondon pre-open: Strong start predicted
28th May 2009 07:52
Footsie is expected to rise in early dealings despite the sharp fall on Wall Street last night. Sugar and sweetener firm Tate & Lyle posted a sharp fall in profits after facing impairment charges and tough trading conditions.Profit before tax in the year to 31 March fell to £113m from £182m the pre
Read moreMan Group profits slump
28th May 2009 07:05
Hedge fund manager Man Group saw profits slide for the year as troubles in the global financial markets hit revenues. "The past financial year saw extraordinary turmoil in financial markets globally which put extreme stress on business models across the financial services industry. Man has not bee
Read moreThursday preview: Man Group, United Utilities, Booker
27th May 2009 18:09
Hedge fund manager Man Group will probably be glad to have seen the back of its last financial year, which Peter Clarke, its chief executive, described as "a very difficult year for global markets." Broker Charles Stanley is forecasting a pre-tax profit of $2,079m for the year to end-March. "As usu
Read moreFTSE 100 movers: Fund managers in demand as markets rally
27th May 2009 14:31
Fund manager Man Group leads the risers on hopes that rising equity markets will feed through into inflows in to its core hedge funds. Old Mutual is another with large exposure to the US. It, too, has rallied today, aided by news it has dropped its planned acquisition of a stake in Chinese fund man
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