Jupiter finance chief reduces stake amid controversy at AGM
22nd May 2014 15:57
Jupiter Fund Management's Chief Financial Officer, Philip Johnson, traded in 63,588 shares, making only a small dent in his holding, which was reduced to 1.32m. Johnson, who took up the role in 2009, paid 383.80p per share, giving the deal a trade value of £244,051. The purchase was made the day
Read moreFTSE 250 movers: African Barrick climbs on rating upgrade
11th Apr 2014 15:31
African Barrick Gold rose after Numis raised its target price from 170p to 260p and upgraded the miner from 'sell' to 'hold'. Drax also climbed following Deutsche Bank's decision to reiterate its 'buy' rating on the stock. Technology group Pace and biotech-focused Worldwide Healthcare Trust were l
Read moreLondon pre-open: Stocks to track US markets firmly lower early on
11th Apr 2014 07:08
The City is set for a downbeat start to today's session after stocks in the States slumped, particularly on the Nasdaq, which suffered its worst single-day performance since November 2011. City sources predict the FTSE 100 will open around 50 points below yesterday's close of 6,641.97. Gains made
Read moreJupiter AuM rises on inflows to mutual funds
11th Apr 2014 07:07
Fund manager Jupiter reported a small increase in assets under management (AuM) during its first quarter, with net inflows totalling over half a billion pounds. AuM rose to £32.21bn in the three months to March 31st, up nearly 2% from £31.66bn at the start of the year. Overall net inflows for the
Read moreFriday broker round-up UPDATE
4th Apr 2014 10:07
African Minerals: Deutsche Bank reduces target price from 382p to 335p, while its buy recommendation remains unchanged. Arrow Global: Canaccord Genuity moves target price from 309p to 318p and keeps a buy recommendation. Ashmore Group: JP Morgan takes target price from 344p to 351p and maintains a
Read moreLondon open: BHP, Aberdeen lead markets higher ahead of data
1st Apr 2014 08:23
- BHP Billiton, Aberdeen, Babcock, GKN provide a lift - Weir falls on Metso merger speculation - Markets await global manufacturing PMIs techMARK 2,779.21 +0.53% FTSE 100 6,621.97 +0.36% FTSE 250 16,339.39 +0.40% UK stocks opened with small gains on Tuesday ahead of a data-heavy session with manuf
Read moreLondon pre-open: Gains expected ahead of economic data
1st Apr 2014 07:50
UK stocks are expected to rise on Tuesday morning following a strong finish on Wall Street last night after comments from Federal Reserve Chair Janet Yellen. City sources predict the FTSE 100 will open 28 points higher than Friday's close of 6,598.37. Tuesday will be a data-heavy session for finan
Read moreJupiter offloads private client assets to Rathbone Brothers
1st Apr 2014 07:17
Jupiter Fund Management is to dispose of its Private Client & Charities operations to Rathbone Brothers after a strategic review. The private client assets, which represent 7% of Jupiter's £31.7bn under management, are being offloaded to Rathbone Investment Management for £43m, assuming all the £2
Read moreWednesday broker round-up UPDATE
26th Mar 2014 08:51
Aberdeen Asset Management: Citi reduces target price from 455p to 390p and stays with its neutral rating. Acta: Cantor Fitzgerald places both its target price (prev.: 16p) and its buy recommendation under review. Alliance Pharma: Numis shifts target price from 38p to 39p upgrading to add. APR Ene
Read moreFTSE 250 movers: Polymetal lifted by broker comments
17th Mar 2014 13:55
Polymetal received a boost from Canaccord Genuity which raised the stock to 'buy' after lifting its assumptions for gold prices over the medium and long term. Kenmare Resources was recovering well after it last week posted losses of $44m for 2013, helped by positive comments from both Goodbody Stoc
Read moreJupiter Fund Management appoints new CEO
17th Mar 2014 07:25
Maarten Slendebroek has taken over as Chief Executive Officer of Jupiter Fund Management on Monday. He succeeds Edward BonhamCarter, who will remain on the board and work as Vice Chairman. Bonham Carter led Juipter's buyout from German group Commerzbank in 2007 and its stock market float three ye
Read moreTate & Lyle exec builds stake on behalf of children
5th Mar 2014 15:59
Javed Ahmed, an Executive Director of Tate & Lyle, added 20,000 shares to his stake in the group, which he registered in the name of his children. The 639.46p-a-share deal took Ahmed's interest to 1.2m shares. He also transferred a total of 55,356 shares to his two children as a gift on the same d
Read moreTuesday broker round-up UPDATE
4th Mar 2014 09:37
Abcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
Read moreFriday broker round-up UPDATE
28th Feb 2014 09:51
Barratt Developments: Liberum Capital ups target price from 430p to 468p and keeps a buy recommendation. Deutsche Bank takes target price from 394p to 452p and retains a buy recommendation. Citi raises target price from 390p to 460p and maintains its buy recommendation. Bodycote: FinnCap increases
Read moreJupiter reveals higher than expected dividend payout ratio
27th Feb 2014 16:57
Jupiter Fund Management saw its assets under management rise to 31.7bn pounds during 2013, up from 26.3bn pounds in the prior year, as net mutual fund inflows increased to 1.2bn pounds from 1bn pounds. Full year revenues grew 18% to reach £288.5m. That saw the company's profit before tax grow by 5
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