Intermediate Capital's assets under management increase in quarter to June
15th Jul 2015 09:12
(ShareCast News) - Investment group Intermediate Capital said strong fundraising in the quarter to end June saw a sharp increase in the assets under management. The FTSE 250 group said it raised €2.8bn of new third party money in the three months to 30 June, resulting in 12% increase year-on-year in
Read moreWednesday broker round-up
20th May 2015 13:36
BHP Billiton: Credit Suisse reiterates outperform and 1,350p target. Associated British Foods: Credit Suisse reiterates outperform and 3,250 target. BP: RBC Capital ups target to 500p from 490p and reiterates outperform. Royal Dutch Shell: Canaccord Genuity reiterates buy and 2,275p target. Vedan
Read moreFTSE 250 movers: Bank of Georgia higher on strong quarter
20th May 2015 12:58
London stocks were trading slightly lower on Wednesday as strong performances from mining and telecommunications stocks were outweighed by weakness in the utility and real estate sectors. As of 3:00, the FTSE 250 was trading 66 points lower at 16,121. Allied Minds topped the fallers on reports that
Read moreIntermediate Capital proposes 300m pound capital return as AuM soars
20th May 2015 11:36
Strong full year results and news of on ongoing return of cash from asset manager Intermediate Capital impressed the market, with assets under management lifted 39% thanks to strong levels of fundraising. Record assets under management of €18.0bn were up 39% on the same period last year, following a
Read moreIntermediate Capital Group says ICG Europe Fund VI has raised £1.8bn
8th Apr 2015 08:41
Asset manager Intermediate Capital Group said its European corporate investment fund, ICG Europe Fund VI, has raised €2.5bn (£1.8bn) to date. The FTSE 250 group said the funds raised included €2bn worth of third party subscriptions as well as a €500m contribution from ICG's balance sheet, with furth
Read moreIntermediate Capital Group impresses with strong inflows and outlook
28th Jan 2015 09:46
With third-quarter net inflows and assets under management (AUM) above target, asset manager Intermediate Capital Group (ICG) reported a positive outlook for its investment pipeline and a "very strong fundraising environment" ahead. The FTSE 250 provider of mezzanine finance increased AUM 8% in the
Read moreIntermediate Capital Group buys remaining stake in Longbow Real Estate Capital
17th Sep 2014 12:02
Intermediate Capital Group (ICP), a specialist asset manager, has announced the aquisition of a remaining 49.3% stake in Longbow Real Estate Capital, an investment manager within the UK commercial property sector. The company acquired an initial 50.7% interest in Longbow in March 2011 for £4.3m. Co
Read moreThursday broker round-up UPDATE
14th Aug 2014 09:39
Admiral Group: Deutsche Bank reduces target price from 1330p to 1260p and maintains a hold recommendation. Balfour Beatty: Deutsche Bank lowers target price from 250p to 245p keeping its hold recommendation. Betfair: Jefferies raises target price from 1175p to 1230p maintaining a buy recommendatio
Read moreTuesday broker round-up UPDATE
12th Jun 2014 08:50
Afren: Oriel downgrades from buy to hold with a target price of 145p. Aggreko: RBC Capital downgrades to neutral with a target price of 1700p. Betfair Group: Morgan Stanley raises target price from 1150p to 1260p and keeps an overweight rating. BG Group: Nomura downgrades to neutral with a target
Read moreFTSE 250 movers: Broker comment pushes Dechra Pharma higher
11th Jun 2014 14:34
Investec helped Dechra Pharmaceuticals into the top 10 after reiterating its 'buy' rating and upping its target price from 787p to 842p. Online betting exchange Betfair thrashed analysts' full-year forecasts as management tackled the cost base and the introduction of a more traditional bookmaker's
Read moreLondon midday: Airlines and engineers weigh on FTSE 100
11th Jun 2014 11:26
- Lufthansa profit warning hits airline stocks - Rolls-Royce falls as Emirates cancels order - UK unemployment falls, wage growth slows - World Bank cuts growth forecasts techMARK 2,839.77 -0.68% FTSE 100 6,838.15 -0.52% FTSE 250 16,031.19 -1.11% Mixed labour-market data, a growth downgrade from t
Read moreLondon open: Lack of catalysts sends UK stocks lower early on
11th Jun 2014 08:46
- Markets fall as traders await catalysts - Sainsbury's gains despite drop in Q1 LFL sales - Rolls-Royce hit by Emirates order cancellation techMARK 2,846.37 -0.45% FTSE 100 6,855.44 -0.26% FTSE 250 16,103.59 -0.66% UK stocks edged lower on Wednesday as markets continue to struggle for direction w
Read moreThursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreBT Finance Director makes most of recent run in share price
3rd Jun 2014 16:24
Tony Chanmugam, the Group Finance Director of BT Group, has taken advantage of the recent run in the group's share price, selling 125,000 shares at 400p apiece. The value of the stock initially fell after the telecoms giant posted record fourth quarter consumer revenues as investors engaged in a p
Read moreLondon close: FTSE lifted by gains in US, eyes on BoE, retail sales
21st May 2014 16:59
- FTSE closes up 19.04 points at 6,821.04 - Retail figures, BoE in focus - April mortgage lending up by more than a third techMARK 2,735.35 +1.07% FTSE 100 6,821.04 +0.28% FTSE 250 15,603.20 +1.06% A rise in stocks on the other side of the Pond helped drive blue chips into positive territory by to
Read more