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 more30th Jul 2015 18:34
(ShareCast News) - Shares in Indivior were given a downgraded 'neutral' rating from Citi after their strong performance in the year to date, while Deutsche Bank argued the company's drug pipeline was not fully reflected in valuation and upgraded to 'buy'. A day after the company's interim results, C
Read more30th Jul 2015 15:09
(ShareCast News) - Berenberg downgraded St James's Place to 'hold' from 'buy' with an unchanged price target of 950p, saying that following a strong rally year-to-date the share price is now largely up with events. "With the FTSE 100 and FTSE All Share struggling to stay in the green so far this yea
Read more29th Jul 2015 10:20
(ShareCast News) - Stocks in London continued to bounce back ahead of Wednesday's policy decision from the US Federal Reserve, as some analyst warned of deflation risks. Even the Shanghai Stock Exchange's Composite Index finished higher overnight, rising by 3.44% to reach 3,789.19 points. Gains were
Read more29th Jul 2015 08:12
(ShareCast News) - St James's Place posted underlying profit before shareholder tax at £72.9m for the six months to June 2015, about 7% lower than the same period last year. The wealth management business said profits were hit by an increase in the Financial Services Compensation Scheme levy, which
Read more29th Jul 2015 07:41
(ShareCast News) - Investors were expected to remain on the sidelines ahead of the conclusion of the US central bank's policy deliberations on Wednesday evening and post-meeting statement. According to the minutes of April's Federal Open Market Committee policy meeting, "most participants" have a bi
Read more10th Jul 2015 14:19
(ShareCast News) - London's blue chips breezed higher on a sunny Friday afternoon, buoyed by China's stock market bounce and renewed hopes of a deal for Greece, and with financial stocks leading the charge. A bullish note from Barclays also injected some life into insurers and other money managers,
Read more7th Jul 2015 12:43
Ahead of Chancellor George Osborne's Budget on Wednesday, here's a round-up of what Goldman Sachs expects. For UK banks, attention will be focused on any potential reform of the bank levy, as Osborne did not discuss it in his Mansion House speech in June, despite prior speculation. Goldman does not
Read more21st May 2015 13:01
Barclays: JP Morgan Cazenove reiterates overweight and 285p target. StanChart: Goldman sachs reiterates neutral. St.James Place: Numis reiterates add and 1050p target. Hargreaves Lansdown: JP Morgan Cazenove reiterates neutral and raises target to 1,100p from 1,050p. UK Mail Group: RBC Capital re
Read more18th May 2015 12:34
UK stocks erased early gains as Greek concerns and a lack of economic data stoked investor uncertainty. Sector-wise, financials delivered the biggest drag, while energy stocks and miners provided a welcome boost. As of 13:30, the FTSE 100 was trading flat, just 1 point higher at 6,961 points. Fresn
Read more11th May 2015 16:40
After a positive start, UK stocks dropped into the red by the close on Monday despite positive news emanating from Greece, which has come good on its debt repayment to the International Monetary Fund (IMF). The FTSE 100 retreated 0.24% to 7,029.85 by the end of the session, having risen as high as 7
Read more28th Apr 2015 13:28
Astrazeneca was trading lower after the results of a study showed US rival Merck's diabetes drug met heart-safety requirements. The British drug-maker's own treatment for the disease was recently required by US authorities to provide information about the risk of heart failure. Standard Chartered wa
Read more28th Apr 2015 09:10
Ahead of the release of UK economic growth figures, the Footsie started the day moving lower is what was otherwise expected to be another light day in terms of economic data. Traders' focus was squarely on the latest batch of company results in the first hour, both in the UK and over on the continen
Read more28th Apr 2015 07:21
Wealth management group St James's Place has posted a 22% increase in funds under management, according to its latest interim statement. Giving details on Tuesday, St James's Place said funds under management had risen to £55.8bn for the three months March end, up 22% from £45.8bn in 2014, and 7% s
Read more17th 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
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