Broker tips: Man Group, Restaurant Group, TalkTalk
28th Nov 2016 12:38
(ShareCast News) - Man Group slumped as Exane BNP Paribas downgraded the stock to 'neutral' from 'outperform'. "We see scope for a slowdown in flows as a consequence of flagging performance at AHL and at GLG. Performance issues are also likely to impact the long term outlook for management fee margi
Read moreMan Group drops on Exane downgrade
28th Nov 2016 11:43
(ShareCast News) - Man Group slumped as Exane BNP Paribas downgraded the stock to 'neutral' from 'outperform'. "We see scope for a slowdown in flows as a consequence of flagging performance at AHL and at GLG. Performance issues are also likely to impact the long term outlook for management fee margi
Read moreDirector dealings: Man CFO lops off chunk of hedge fund manager
17th Nov 2016 14:07
(ShareCast News) - Man Group chief financial officer Jonathan Sorrell sold £802,000 worth of shares in the hedge fund manager on Thursday. Sorrell, who was appointed to the board in June 2012 after joining Man as head of strategy and corporate finance in 2011 from a previous career at Goldman Sachs,
Read moreDirector dealings: Man Group's new CEO shows confidence in stock
26th Oct 2016 15:55
(ShareCast News) - Man Group's new chief executive Luke Ellis has bought almost £0.63m of shares in the hedge fund manager on top of pocketing options worth another £1.56m. Ellis, the group's former investment chief who was promoted to the top role at the beginning of September, took delivery of 1.2
Read moreSociete Generale hikes Man Group target, reiterates 'Buy'
17th Oct 2016 13:05
(ShareCast News) - Man Group, the world's largest listed hedge fund, has had its target price lifted to 155p from 145p by brokerage Societe Generale, which reiterated its 'Buy' rating on the stock. The rise in target price reflected the brokerage's earnings per share (EPS) adjustments for Man; down
Read moreMonday broker round-up
17th Oct 2016 10:15
(ShareCast News) - Coca Cola Hellenic: Jefferies keeps at buy with a target price of 2100p. Jupiter Fund Management: Societe Generale downgrades to hold, 490p target. Aveva: Barclays keeps at equal-weight with a 1450p target. Arrow Global: Numis upgrades to buy with a 405p target. Close Brothers
Read moreMan Group FUM up 6%, buys real asset manager Aalto
14th Oct 2016 07:36
(ShareCast News) - Man Group surged on Friday after the FTSE 250 hedge fund manager reported a jump in third-quarter funds under management and announced an agreement to acquire real asset manager Aalto Invest Holding AG. In a trading statement for the quarter ended 30 September, the group said fund
Read moreMonday broker round-up
12th Sep 2016 09:24
(ShareCast News) - Autotrader: Barclays reiterates equal-weight with a target price of 375p. Hikma: Jefferies maintains buy with a 2500p target. Wood Group: Exane BNP Paribas upgrades to buy with a 815p target. Man Group: Citigroup upgrades to buy with a 137p target. McCarthy & Stone: Goldman Sac
Read moreMan Group boosted by Citi upgrade
12th Sep 2016 09:14
(ShareCast News) - Citi upgraded Man Group to 'buy' from 'neutral' and lifted its target price to 137p from 125p on Monday. The broker said the asset management business meets its preference for stocks that can deploy capital successfully and have differentiated offerings in key products, such as al
Read moreMan Group shakes up management
2nd Sep 2016 07:42
(ShareCast News) - Hedge fund Man Group announced a management shakeup on Friday. The company said it plans to appoint Mark Jones, the current co-chief executive officer, as chief financial officer and as an executive director. Subject to regulatory approval, he will assume the role following a han
Read moreMan Group profit, FUM slump in first half
26th Jul 2016 08:50
(ShareCast News) - Hedge fund Man Group reported a slump in pre-tax profit and funds under management for the first half amid tough trading conditions. For the six months ended 30 June, statutory pre-tax profit tumbled to $55m from $163m in the same period last year, while funds under management dec
Read moreBroker tips: Man Group, EasyJet, M&S
22nd Jul 2016 10:22
(ShareCast News) - Man Group shares rose on Friday as RBC Capital Markets upgraded the stock to 'outperform' from 'sector perform' and reiterated a target price of 140p. "We are confident Man's balance sheet should provide the firepower for a positive catalyst (either a merger and acquisition or ext
Read moreRBC upgrades Man Group to 'outperform'
22nd Jul 2016 09:29
(ShareCast News) - Man Group shares rose on Friday as RBC Capital Markets upgraded the stock to 'outperform' from 'sector perform' and reiterated a target price of 140p. "We are confident Man's balance sheet should provide the firepower for a positive catalyst (either a merger and acquisition or ext
Read moreMan Group names Luke Ellis CEO as Roman heads to PIMCO
20th Jul 2016 07:52
(ShareCast News) - Hedge fund manager Man Group said on Wednesday that chief executive officer Emmanuel Roman will step down from the role at the end of August to be replaced by Luke Ellis on 1 September. Roman is leaving the company to become CEO at investment manager PIMCO in November. Ellis, who
Read moreWednesday broker round-up
29th Jun 2016 18:09
(ShareCast News) - Petrofac: Jefferies upgrades to buy with a target price of 835p and Societe Generale stays at buy with a target price of 921p. Thomas Cook: JP Morgan keeps at neutral with a 101p target. Standard Life: HSBC keeps at buy with a target price of 360p and Barclays reiterates equal-we
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