Net inflows drive double-digit first quarter profit gain at Schroders
30th Apr 2015 08:08
Inflows at its asset management arm drove a double digit gain in profits at fund manager Schroders in the first quarter, leading analysts to cautiously revise their forecasts for full-year earnings higher. In the first quarter of 2015 the firm registered £5.1bn in net inflows which drove a 6.5% inc
Read moreLondon close: Stocks drop 0.9% in volatile session amid Greek worries
17th Apr 2015 16:38
UK stocks dropped sharply on Friday with the FTSE 100 finishing below the 7,000 level for the first time in seven sessions, after a terminal blackout and changes in Chinese trading regulations. After a positive start, the Footsie ended 65.82 points lower (-0.93%) at 6,994.63, its lowest finish since
Read moreTuesday broker round-up
10th Mar 2015 11:53
Pearson: Barclays reiterates equal-weight recommendation and keeps target at 1,405p. UBM: Westhouse Securities takes target to 599p from 552p but reiterates add. ARM Holdings: Citi keeps at buy with a 1,35p target price. Kaz Minerals: Jefferies shaves target to 250p from 275p and reiterates hold.
Read moreBroker tips: Schroders, Kingfisher, Royal Mail, Thomas Cook
6th Mar 2015 11:44
Surging flows into funds at Schroders support the asset manager's premium rating to the sector, according to Berenberg, which hiked its target price for the stock on Friday. "Schroders is a best-in-class asset/wealth manager with strongly performing funds and global reach," Berenberg said. The broke
Read moreBerenberg hikes target for "best-in-class" Schroders after strong results
6th Mar 2015 10:33
Surging flows into funds at Schroders support the asset manager's premium rating to the sector, according to Berenberg, which hiked its target price for the stock on Friday. "Schroders is a best-in-class asset/wealth manager with strongly performing funds and global reach," Berenberg said. The brok
Read moreLondon open: Stocks edge higher as investors focus on ECB
5th Mar 2015 08:07
Stocks began the morning moving slightly higher ahead of a key policy meeting of the European Central Bank. Meeting in Cyprus, the assembled central bankers are expected to unveil the monetary authority's latest set of macroeconomic projections, which may provide clues on the extent to which its new
Read moreLondon pre-open: All eyes on the ECB
5th Mar 2015 07:44
Futures are now pointing to a nearly flat start today for the Footsie, as investors wait on tomorrow's US non-farm payrolls data and ahead of today's Bank of England and European Central Bank policy meetings. The ECB is on Thursday expected to provide further details of its €1.1trn quantitative easi
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 moreTuesday newspaper round-up: Germany, Schroders, Goldman Sachs
25th Nov 2014 06:41
German bond yields are to fall below Japanese levels and plumb depths never seen before in history as Europe becomes the epicentre of global deflationary forces, according to new forecast from the Royal Bank of Scotland. "We are seeing `Japanification' setting in across Europe," said Andrew Roberts,
Read moreTuesday broker round-up
18th Nov 2014 09:42
Aggreko: HSBC raises target price from 1550p to 1650p and maintains a neutral rating. Al Noor Hospitals: Citi initiates with a target price of 1240p and a buy recommendation. Barclays: Credit Suisse ups target price from 230p to 250p and keeps a neutral rating. Bodycote: JP Morgan cuts target pric
Read moreTuesday broker round-up UPDATE
11th Nov 2014 09:55
AdEPT Telecom: WH Ireland moves target price from 170p to 185p, keeping its buy recommendation. Northland moves target price from 165p to 175p and maintains a buy recommendation. Betfair: JP Morgan raises target price from 1175p to 1350p and upgrades from neutral to overweight. BHP Billiton: JP Mor
Read moreFriday broker round-up UPDATE
7th Nov 2014 09:44
AstraZeneca: Deutsche Bank increases target price from 4100p to 4350p and reiterates its hold recommendation. AVEVA: Societe Generale reduces target price from 2250p to 2000p, while keeping its buy recommendation. Big Yellow Group: Citi raises target price from 470p to 540p and maintains its neutra
Read moreSchroders reports increase in third quarter pre-tax profit
6th Nov 2014 08:15
Schroders reported an increase in third quarter pre-tax profit as the asset management company secured new business. Profit before tax and exceptional items in the three months to 30 September was £119.7m, up from £109.6m the previous year, as asset management net revenue rose to £329.5m from £315m.
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
Read moreCredit Suisse turning positive on asset managers, upgrades Schroders and Jupiter
4th Nov 2014 09:56
Credit Suisse said on Tuesday that it is "turning more positive" on the European asset-management sector as it upgraded its ratings for Schroders and Jupiter Fund Management. Following market weakness at the end of the third quarter and beginning of the fourth, Schroders is now rated 'outperform' (p
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