Friday broker round-up
6th May 2016 14:34
(ShareCast News) - Man Group: Citigroup downgrades to sell with a 120p target. Royal Mail: Jefferies reiterates underperform with a 400p target. Easyjet: JP Morgan keeps at overweight with a 1900p target. IMI: Societe Generale reiterates hold with a target of 920p and JP Morgan stays at neutral wi
Read moreBroker tips: Interserve, Shire, Man Group
6th May 2016 12:12
(ShareCast News) - Numis has placed its rating and target price on Interserve 'under review' after the company highlighted contractual issues. Interserve said expectations for its UK construction division have taken a significant hit due to a further deterioration in its Glasgow energy from waste co
Read moreCiti double-downgrades Man Group shares to sell
6th May 2016 08:37
(ShareCast News) - Analysts at Citi took a knife to their recommendation and estimates for shares of Man Group. The -13% performance of the company's AHL fund since mid-February was described as "a particular disappointment". As a result, the broker tore up its previous forecasts for Man's earnings
Read moreMonday broker round-up
18th Apr 2016 14:31
(ShareCast News) - Thomas Cook: Berenberg upgrades to hold with a target price of 105p and Goldman Sachs reiterates sell with a 94p target. Rightmove: Investec upgrades to buy with a target price of 4400p. Spirax: RBC downgrades to sextor perform with a target price of 3700p. Polymetal: Deutsche B
Read moreShoreCap hails strong Q1 net inflows at Man Group
15th Apr 2016 09:01
(ShareCast News) - Shares in Man Group are significantly undervalued, analysts at Shore Capital argued following the company's first quarter update. Contrary to what one might expect, in a quarter pockmarked by volatility the fund manager saw net inflows rise by $0.5bn, helping to keep its total ass
Read moreLondon pre-open: Stocks seen flat after muted Asia session
15th Apr 2016 07:32
(ShareCast News) - London stocks were set to open broadly flat on Friday following a muted session in Asia, after Chinese first quarter GDP met expectations. The FTSE 100 was seen starting five points lower than Thursday's close at 6,360. "Chinese Q1 GDP released Friday early AM slowed to slow to 6
Read moreMan Group rides out volatile first quarter
15th Apr 2016 07:19
(ShareCast News) - Thanks to a £0.5bn net inflow into its raft of hedge funds, Man Group was able to report that funds under management shrank only very slightly in a volatile first quarter of 2016 for global markets. Funds under management (FUM) sat at $78.6bn at 31 March, down from $78.7bn at the
Read moreWednesday broker round-up
13th Apr 2016 15:24
(ShareCast News) - DCC: Exane BNP Paribas downgrades to neutral with a target price of 6200p. Cobham: Barclays upgrades to overweight with a target price of 255p. Bunzl: Exane BNP Paribas upgrades to outperform with a target price of 2275p. Asos: JP Morgan keeps at overweight with a target of 4000
Read moreDirector dealing: Icap's new CFO dips in
30th Mar 2016 14:27
(ShareCast News) - The day after Icap gained final approval to sell its voice broking arm, finance director Stuart Bridges showed his confidence in the deal with a £118,425 purchase of shares. Bridges, who joined the interdealer broker from the same role at specialist insurer Hiscox in September
Read moreFTSE 250 movers: IPF plunges after profit dips
24th Feb 2016 15:36
(ShareCast News) - The FTSE 250 had undone the week's gains on Wednesday, dropping 140.42 points (0.87%) to 16,088.78 by mid-afternoon. Shares in International Personal Finance plunged after the company's full year revenue and profit before tax dipped. The credit business reported revenue dropped f
Read moreEarnings down in tougher year for Man Group
24th Feb 2016 07:40
(ShareCast News) - Man Group revealed lower earnings in its full year trading financials published on Wednesday. Funds under management at the FTSE 250 firm grew 8% to $78.7bn (£56.18bn) during the calendar year, up from $72.9bn in 2014. That included gross sales of $22.9bn, up 4.57%; redemptions o
Read moreFormer JP Morgan executive joins Man Group board
19th Jan 2016 08:26
(ShareCast News) - Former JP Morgan executive Richard Berliand has been appointed to the board of Man Group. The FTSE 250 company announced the appointment on Tuesday. Berliand has over 30 years of experience in the financial services sector, including 23 years at JP Morgan. He has held roles at t
Read moreFTSE 250 movers: Commodities downturn clobbers midcaps
14th Dec 2015 15:14
(ShareCast News) - The FTSE 250 bounced around on Monday with the market in the red by mid-afternoon, down 16.77 points (0.10%) to 16,860.52. The commodities downturn hit a number of FTSE 250 companies on Monday, with Evraz down over 15% by mid-afternoon. Three-month metal contracts were down, with
Read moreMan Group to appoint former trade minister Livingston as chairman
14th Dec 2015 07:39
(ShareCast News) - Man Group confirmed on Monday that it was in the process of appointing former trade minister Lord Livingston of Parkhead as its new chairman. The fund manager said the potential appointment is currently subject to a Financial Conduct Authority review and an announcement will be ma
Read moreMonday broker round-up
7th Dec 2015 16:16
(ShareCast News) - Equiniti: Barclays starts coverage at overweight with a 230p target price; Goldman starts at buy with a 260p target and Credit Suisse initiated. Genel Energy: Credit Suisse reiterates outperform and 430p target; Goldman Sachs downgrades to neutral with 333p target. Dixons Carphon
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