Tuesday broker round-up
13th Oct 2015 09:49
(ShareCast News) - Ladbrokes: Citigroup upgrades to neutral, raises target price to 110.00p. Jupiter Fund Management: RBC Capital Markets upgrades to outperform, bumps up target price to 475.00p. Jefferies reiterates to buy, lifts target price to 493.00p. Glaxosmithkline: JP Morgan Cazenove upgrade
Read moreJupiter Fund investments dip due to "difficult" market
12th Oct 2015 07:14
(ShareCast News) - A "difficult market backdrop" is being blamed for a dip in assets under management at Jupiter Fund Management. The FTSE 250 investment firm released its third quarter trading update to 30 September on Monday indicating total assets under management stood at £33.5bn, down £0.8bn fr
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 moreCitigroup bumps Ashmore up to 'buy', notes good medium-term entry point
13th Aug 2015 10:44
(ShareCast News) - Ashmore got a boost after Citigroup upgraded the stock to 'buy' from 'neutral' as it took a look at UK asset managers. The bank said Ashmore was a "brave buying opportunity for the medium term" as it raised its price target on the stock to 290p from 270p. It said that if investor
Read moreJupiter Fund Management's interim profit surges
29th Jul 2015 10:50
(ShareCast News) - Investment management group Jupiter Fund Management said its interim pre-tax profit almost doubled, thanks to a number of non-recurring charges. In the six months to the end of June, the FTSE 250 group saw its profit before tax surged 73% year-on-year to £84m, while assets under m
Read moreThursday broker round-up
14th May 2015 14:30
ITV: Numis downgrades to add but nudges target to 290p from 275p, Investec reiterates hold and Credit Suisse reiterates outperform. SAB Miller: Credit Suisse reiterates underperform stance, Nomura reiterates neutral recommendation and Deutsche reiterates its call to hold. GlaxoSmithKline: UBS downg
Read moreJupiter Fund Management more than doubles net inflows in first quarter
15th Apr 2015 07:45
Jupiter Fund Management more than doubled inflows of cash from clients in the first quarter of this year, driven by surging valuations across equity and bond markets. The UK-listed fund manager on Wednesday attracted £883m of net inflows during the period, more than double than the £465m it attracte
Read moreFTSE 250 movers: Euromoney climbs on Reuters poaching, as Poundland slips on CMA bananaskin
9th Apr 2015 15:33
The impressive poaching of Reuters' chief executive by Euromoney Institutional Investor sent shares in the business publisher higher on Thursday. Andrew Rashbass will leave Reuters to become executive chairman of Euromoney, which is 70% owned by the Daily Mail & General Trust, after longstanding chi
Read moreJupiter Fund Management boosts dividend on AUM growth
26th Feb 2015 10:27
London-listed wealth manager Jupiter Fund Management boosted its dividend on Thursday after its assets under management crept higher in 2014, lifting group pre-tax profits. Jupiter reported assets under management (AUM) rose 0.6% to £31.9bn last year from £31.7 in 2013, despite inflows slowing 25% t
Read moreSunday newspaper round-up: Enquest, Britain's economy, Bank of England
18th Jan 2015 19:00
EnQuest is cutting spending, jobs and pay in an effort to avoid breaking the terms of its bank loans, the Sunday Times reported. The biggest independent UK North Sea oil producer's shares have fallen 80% since last summer as the price of crude oil collapsed. Investors took fright because of the comp
Read moreFriday tips round-up: Associated British Foods, Income stocks
17th Jan 2015 00:50
Discount clothing brand Primark has been the main engine behind the rise in shares of Associated British Foods. However, as the unit's rapid rate of growth in both profits and revenues has slowed down so too the company's stock has fast become overvalued. Over the last five years the shares have ris
Read moreJupiter Fund Management disappoints with flat AuM growth
14th Jan 2015 07:59
A somewhat disappointing fourth-quarter trading update from Jupiter Fund Management showed market performance was the only contribution to moderate growth in funds under management. After slowing in August and September, retail fund sales in the UK picked up slightly in the final three months of the
Read moreTuesday broker round-up
9th Dec 2014 09:23
Aberdeen: Cantor Fitzgerald initiates with a target price of 520p and a 'buy' recommendation. Aggreko: Jefferies reduces target price from 1810p to 1350p, downgrading to 'underperform'. Ashcourt Rowan: Cantor Fitzgerald initiates with a target price of 270p and a 'buy' recommendation. Ashmore: Can
Read moreJupiter CIO Chatfeild-Roberts pockets £2.3m
6th Nov 2014 15:46
John Chatfeild-Roberts, the chief investment officer of Jupiter Fund Management, has trousered a tidy £2.29m after selling shares in an options deal a few weeks after they recovered from 12-month lows. Chatfeild-Roberts, who heads the Merlin multi-manager team and has been at Jupiter since 2001, sol
Read moreBroker tips: Legal & General, Shire, Anglo American...
4th Nov 2014 12:05
Broker Berenberg is advising investors to take cover in Legal & General after the insurer and pension provider doubled its annuity sales target for 2014 despite turbulence caused by a UK government pension shake-up. Berenberg has a 'buy' recommendation on L&G with a 265p price target. Analysts at Sw
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