Record unfazed by currency fluctuations post Brexit vote
18th Nov 2016 09:32
(ShareCast News) - Record, a specialist currency manager, has seen net inflows of $1.4bn across all product lines during the first half despite currency fluctuations post Brexit vote. Chief executive James Wood-Collins said: "The stand out market event during the first half of the financial year was
Read moreRecord Plc's FY profit falls as firm-wide wage hike lifts expenses
17th Jun 2016 12:37
(ShareCast News) - Currency manager Record Plc has booked a lower full year pre-tax profit after implementing a firm-wide pay hike of 10%, also flagging the potential of a special dividend for shareholders going forward. The results -- set against a challenging backdrop of hesitant global economic g
Read moreRecord skips lower after large hedging mandate suspended
7th Jan 2016 09:40
(ShareCast News) - Shares in Record slumped after the currency manager admitted that a dynamic hedging mandate it was supplying had been suspended pending a potential restructure. The company, which is listed on the FTSE's Fledgling index, said the assets under management equivalent (AuME) attributa
Read moreRecord's bespoke mandate hit by currency headwinds
25th Aug 2015 09:53
(ShareCast News) - Specialist currency manager Record said forex headwinds had a negative impact on the size of a bespoke mandate. The group had previously indicated the size of the bespoke mandate had increased $1.75bn in the first quarter has in fact reduced by $2.8bn. Record added that the size
Read moreTo dips in at Hutchinson China-Meditech
20th Nov 2014 15:26
Since falling below 40p in the height of the financial crisis, shares in Hutchison China MediTech (Hutchison Chi-Med) have climbed and climbed and climbed more than 3,000% but executive chairman Simon To seems to believe they can ascend yet higher. To, the founder and managing director of the tradit
Read moreMonday broker round-up UPDATE
17th Nov 2014 10:32
African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:
Read moreNew Quindell CEO builds company holding
24th Jun 2014 16:08
Robert Fielding has purchased 16,889 shares in Quindell, the software and consulting services group, just a few days after the announcement of his appointment as Group Chief Executive. He has previously been in charge of the Services division, before which he was the Chief Executive of Silverbeck
Read moreThursday broker round-up UPDATE
24th Apr 2014 09:19
AMEC: UBS ups target price from 1145p to 1200p maintaining a neutral rating. ARM Holdings: HSBC raises target price from 1080p to 1120p and keeps an overweight rating. Associated British Foods: HSBC increases target price from 280p to 310p and upgrades from neutral to overweight. Deutsche Bank rai
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 moreNew Premier Farnell director makes first investment
15th Jan 2014 16:22
Peter Ventress, a Non-Executive Director of Premier Farnell has acquired a stake in the technology distribution company totalling 15,000 shares. Ventress, who joined the board at the start of October, paid 234.59p a share, giving the transaction a total trade value of £35,188.50. The firm has be
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreComs Chief builds stake after 'significant' contract win
27th Nov 2013 15:59
David Breith, the Chief Executive Officer of Coms, on Tuesday acquired 1.53m shares, which the same day climbed after the group announced a "significant" contract win. Breith bought the shares at 4.48p each for a total of £68,544. The telecommunications and information technology specialist has s
Read moreFriday broker round-up UPDATE
8th Nov 2013 09:21
Abcam: Canaccord Genuity moves target price from 396p to 386p and keeps a sell recommendation. N+1 Singer shifts target price from 450p to 445p downgrading to sell. Aberdeen Asset Management: Jefferies lowers target price from 440p to 430p and reiterates a hold recommendation. Anglo American: Gold
Read moreShares in Record slide on news of management fee cuts
7th Nov 2013 13:56
Shares in specialist currency manager Record tumbled 16 per cent after it revealed it was cutting its management fees in a bid to woo new clients amid increased competition in its market. It said it would amend the fee scale applied to its existing dynamic hedging mandates to bring them in line wi
Read moreMonday broker round-up UPDATE
21st Oct 2013 08:59
Andor Technology: WH Ireland ups target price from 420p to 435p, while downgrading from buy to outperform. Anglo American: Deutsche Bank reduces target price from 1830p to 1780p, while leaving its buy recommendation unchanged. BAE Systems: Citi increases target price from 360p to 460p and stays wi
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