Broker tips: Fund managers, asset managers, Lifeline Scientific
26th Sep 2011 14:33
RBS has upgraded its rating on Ashmore to "buy" from "hold" following heavy falls in the fund manager's share price lately. "We see the recent share price pullback as an excellent opportunity to gain exposure to this high quality business," RBS says. It points to Ashmore's "strong funds flow outlo
Read moreBroker snap: Buy Ashmore after falls, says RBS
26th Sep 2011 10:42
RBS has upgraded its rating on Ashmore to "buy" from "hold" following heavy falls in the fund manager's share price lately. "We see the recent share price pullback as an excellent opportunity to gain exposure to this high quality business," RBS says. It points to Ashmore's "strong funds flow outlo
Read moreLondon close: Late rally pulls FTSE 100 into blue
8th Sep 2011 16:32
It was a volatile day for the Footsie on Thursday, as a steady decline after the Bank of England (BoE) rate decision was met with a late afternoon comeback. The Footsie managed to pull above water by 16:30 to finish with a gain of 0.41%. The BoE announced at midday that it had kept interest rates u
Read moreFTSE 100 Movers: Buyers find value at Morrisons
8th Sep 2011 13:16
Heading up was supermarket chain Morrisons after its focus on value - and longer opening hours - helped it post sales and profits ahead of expectations in the half year to 31 July. Pre-tax profits rose to £449m from £412m the previous year. Turnover climbed to £8.7bn from £8.1bn, while like-for-li
Read moreBroker tips: Schroders, Rolls-Royce, Hunting
8th Aug 2011 12:17
Singer Capital Markets has upgraded its rating on global asset management firm Schroders from fair value to buy, saying that the recent sell-off has "presented an opportunity to invest in a strong business for those with long enough time horizons." However, while the group's interim results were in
Read moreBroker snap: Singer upgrades Schroders to buy
8th Aug 2011 11:21
Singer Capital Markets has upgraded its rating on global asset management firm Schroders from fair value to buy, saying that the recent sell-off has "presented an opportunity to invest in a strong business for those with long enough time horizons." "Although the short term outlook for asset manager
Read moreBroker snap: RBS hikes estimates for Schroders on cost performance
5th Aug 2011 13:34
RBS has hiked its target price for global asset management firm Schroders after its first half earnings beat expectations, reflecting a "strong cost performance". Schroders delivered first half diluted earnings per share (EPS) of 57.8p, 5% ahead of the 56p consensus forecasts, and reported a better
Read moreFriday tips round-up: Schroders, British Land, Fiderweb...
5th Aug 2011 06:44
It appears institutional investors are willing to trust Schroders to look after their money in turbulent times. The blue-chip and blue-blooded fund manager yesterday reported a rise in assets under management to £204.8bn, which was ahead of most analysts' forecasts and was helped by net new business
Read moreSchroders profits up but outlook is 'muted'
4th Aug 2011 09:18
Asset management firm, Schroders, saw its pre-tax profits jump in the first half to £215.7m, compared with £188.2m the year before. In a statement, Schroders' management said a faltering economic recovery and the uncertainties created in particular by the continuing Eurozone crisis had overshadowed
Read moreSunday newspaper round-up: Npower, LSE, Greece, Northern Rock ...
3rd Jul 2011 11:22
Npower, one of Britain's biggest electricity suppliers, could be sold for up to £5 billion after its German owner, RWE, hired Goldman Sachs to review its future, The Sunday Times reports. Insiders said RWE is now considering a sale because of its hefty debt burden, the need to invest billions in a n
Read moreFTSE 100 movers: Miners recover after yesterday's sell-off
24th Jun 2011 14:40
Miners, on the whole, are wanted, recovering from the broad sector sell-off experienced on Thursday. Blue chips Antofagasta, Xstrata, ENRC, Rio Tinto, BHP Billiton and Randgold Resources are among the big gainers. Rolls-Royce is a high riser after it secured - along with Daimler - full control of
Read moreBroker tips: Schroders, Berkeley, Game
24th Jun 2011 12:09
Credit Suisse has reduced its forecasts for asset management firm Schroders given the decline in equity markets in the last month. "We have reduced our AUM [assets under management] forecasts for this year and next year by 6-7% reflecting lower markets and slightly more conservative flow assumption
Read moreBroker snap: Credit Suisse reduces forecasts at Schroders
24th Jun 2011 11:45
Credit Suisse has reduced its forecasts for asset management firm Schroders given the decline in equity markets in the last month. "We have reduced our AUM [assets under management] forecasts for this year and next year by 6-7% reflecting lower markets and slightly more conservative flow assumption
Read moreLondon close: Late rally helped by the US
6th May 2011 16:41
The Footsie finished over 1% higher as an afternoon rally was helped by some better-than-expected US non-farm payrolls figures. According to the Bureau of Labor Statistics, non-farm payrolls rose by 244,000 in the month of April, while consensus had been pointing to a gain of 198,000. Banking gian
Read moreLondon close: Another day of big losses for FTSE 100
5th May 2011 16:51
Stocks fell sharply having started the day well, with banks and miners among the heaviest fallers. First quarter profits fell sharply at part-nationalised lender Lloyds Banking, which closed down 8% today, as the bank took an impairment charge that was half a billion pounds larger than it was expec
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