Citigroup upgrades Man as it hails dividend yield and M&A potential
7th Dec 2015 09:28
(ShareCast News) - Citigroup upgraded Man Group to 'buy' from 'neutral' and lifted the price target to 186p from 164p. It said Man remains a strongly cash generative business, with no net debt and a well-covered dividend at 4.3% yield. Citi expects Man to use its cash to "cherry pick" deals to roun
Read moreThursday broker round-up
12th Nov 2015 09:36
(ShareCast News) - Wood Group (john): Exane BNP Paribas downgrades to neutral. Target price: 600.00p. Man Group: RBC Capital Markets downgrades to sector perform, cuts target price to 170.00p. Bba Aviation: Jefferies reiterates to buy, bumps down target price to 280.00p. Diploma: Jefferies reitera
Read moreLondon close: Stocks up as US inflation exceeds forecasts
15th Oct 2015 16:15
(ShareCast News) - The UK equity market was in positive territory on Thursday after US inflation data beat forecasts. The US consumer price index for September came in flat from a year ago, better than the 0.1% dip forecast by analysts and following a 0.2% increase in August. Compared to a month ag
Read moreLondon midday: Stocks boosted by Chinese lending figures ahead of US inflation
15th Oct 2015 11:09
(ShareCast News) - London stocks were on the front foot on Thursday, buoyed by a higher than expected increase in Chinese lending figures. China's banks issued 1.05trn yuan in new yuan loans in September, compared to 809.6bn yuan in August and analysts' expectations of 850bn yuan. "Although this wi
Read moreMan Group enjoys strong third quarter despite tough background
15th Oct 2015 08:00
(ShareCast News) - Man Group sailed happily through the volatile markets of the third quarter as its quantitative fund and discretionary strategies attracted investors and helped the hedge fund company enjoy net inflows during the period. Man's total funds under management (FUM) of $76.8bn at 30 Sep
Read moreFTSE 250 movers: Miners and automotive links hit mid-caps
14th Sep 2015 17:05
(ShareCast News) - Like its larger benchmark counterpart, the FTSE 250 index pared early gains to finish Monday's session in negative territory. By the close, the second-line index was down 0.25% to 16,925.69 points. Platinum miner Lonmin, one of the index's most volatile stocks, was down by more t
Read moreBroker tips: Henderson Group, AstraZeneca, IAG
14th Sep 2015 16:39
(ShareCast News) - Exane BNP Paribas took a look at UK asset managers, noting that their shares have sold off sharply, making for an enticing entry point. "Equity market volatility is a risk to inflows, but historically the impact has been temporary and flows into other asset classes do not suffer a
Read moreUK asset managers offer "enticing" entry point, says Exane
14th Sep 2015 09:36
(ShareCast News) - Exane BNP Paribas took a look at UK asset managers, noting that their shares have sold off sharply, making for an enticing entry point. "Equity market volatility is a risk to inflows, but historically the impact has been temporary and flows into other asset classes do not suffer a
Read moreFTSE 250 movers: Lookers surges on acquisition, Go-Ahead slumps on warning
3rd Sep 2015 12:49
(ShareCast News) - London's mid-cap index was up 0.9% to 17,037.26 at 1325 BST, tracking a more buoyant tone overall following a positive session in the US and as the closure of Chinese markets gave investors a chance to catch their breath. Motor retail and aftersales service company Lookers surged
Read moreFTSE 250 movers: Rentokil rallies on acquisition, Man Group drops on press report
1st Sep 2015 14:28
(ShareCast News) - London's mid-cap index was in the red on Tuesday as weak Chinese and UK manufacturing figures weighed on sentiment. At 1440 BST, the index was down 1.8% at 16,807.07. OneSavings Bank was the standout gainer after Numis raised its forecasts and target price on the stock following s
Read moreMan Group slumps on reports China chairwoman helping police probe
1st Sep 2015 09:13
(ShareCast News) - Shares in Man Group slumped following a press report that the chairman of the hedge fund manager's China unit, Li Yifei, has been taken into custody by Chinese authorities to assist with a police probe into market volatility. According to Bloomberg, which cited people familiar wit
Read moreFTSE 250 movers: Foxtons, Man and Greggs lead index higher
29th Jul 2015 15:12
(ShareCast News) - London's mid-cap index was led higher by a number of strong earnings. The FTSE 250 was up 0.54% at 17,481.96 by 15:50 on Wednesday. Despite lower property sales revenue and higher costs sending first-half profits tumbling at Foxtons Group shares in the London-focused estate agenc
Read moreMan Group shares up as earnings beat expectations
29th Jul 2015 10:07
(ShareCast News) - Man Group beat analysts' expectations by posting earnings per share of 13.9c for the first half of 2015. The alternative investment business increased earnings per share by 95% from 7.1c in the first half of 2014. Shares in the company rose by 5.43% to 159.20p by 0917 BST. Man G
Read moreBroker tips: Unilever, Man Group, Sky
23rd Jul 2015 16:01
(ShareCast News) - Nomura held onto its 'reduce' rating on Unilever, with its forecasts below consensus and a target price more than quarter lower that the shares' current level. "Despite a better quarter than we expected, we continue to believe UNA will struggle to get over 3% underlying sales grow
Read moreMan Group gets a boost from RBC upgrade
23rd Jul 2015 11:31
(ShareCast News) - Man Group got a boost after RBC Capital Markets upgraded the stock to 'outperform' from 'sector perform' noting that the shares have dropped 30% since 10 April when they hit a year-to-date high. During the same period, the group's flagship AHL fund has declined by 12%, RBC noted.
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