Broker tips:St.James Place, Croda, Ashmore
25th Feb 2014 11:50
Shore Capital has reiterated its 'buy' stance on financial advisory firm St James's Place after the company reported an 'excellent' set of final results. The broker, which set a price target 795p, said 2013 results highlight that "in financial terms the company is going from strength to strength",
Read moreShore Capital reiterates 'buy' on St James's Place after 'excellent' 2013 results
25th Feb 2014 10:59
Shore Capital has reiterated its 'buy' stance on financial advisory firm St James's Place after the company reported an 'excellent' set of final results. The broker, which set a price target 795p, said 2013 results highlight that "in financial terms the company is going from strength to strength",
Read moreSt James Place set to buy Asian firm as profits rise 42 per cent
25th Feb 2014 08:48
Wealth management group St James's Place said it was close to finalising the purchase of an Asian financial advisor business as it reported a 42 per cent increase in profits before shareholder tax of 190.7m pounds for 2013. Operating profits on an European Embedded Value (EEV) basis were £462.7m,
Read moreFriday broker round-up UPDATE
24th Jan 2014 08:35
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
Read moreThursday broker round-up UPDATE
23rd Jan 2014 09:12
Afren: Investec ups target price from 170p to 200p and maintains a buy recommendation. AG Barr: Investec raises target price from 585p to 620p retaining an add rating. Canaccord Genuity ups target price from 630p to 650p and keeps a buy recommendation. Arbuthnot: Numis downgrades from add to hold
Read moreSt. James's Place assets rise to record high
23rd Jan 2014 08:46
- Full-year assets boosted by recovering markets, strong demand - Total new business up 16 per cent - Confident of continued momentum FTSE 250-listed St James's Place said funds under management for the full-year rose 27 per cent, buoyed by strong sales and as financial markets recovered. Assets a
Read moreThursday preview: easyJet reports first quarter results
22nd Jan 2014 15:49
easyJet's first quarter is expected to have been disrupted by the power outage the Gatwick North Terminal over Christmas and winter storms, Numis said ahead of the airline's results on Thursday. However, the broker believes that overall the disruption is unlikely to have had a material negative imp
Read moreFriday broker round-up UPDATE
17th Jan 2014 10:05
Aberdeen Asset Management: JP Morgan cuts target price from 544p to 529p, while its overweight rating remains unchanged. Canaccord Genuity reduces target price from 586p to 540p and reiterates a buy recommendation. UBS lowers target price from 540p to 520p and keeps a buy recommendation. Ashtead Gr
Read moreSector movers: Life Insurers lifted by ratings report
19th Dec 2013 14:39
Life insurers were almost universally higher after rating agency Fitch gave an encouraging bill of health on US counterparts for 2014. The sector was up 2.3 per cent on the day. Insurance peers Aviva, Legal & General, Old Mutual, Phoenix, Prudential, St James's Place and Standard Life were all high
Read moreMonday broker round-up UPDATE
16th Dec 2013 08:16
Admiral Group: Deutsche Bank moves target price from 1300p to 1330p and maintains a hold recommendation. Allocate Software: N+1 Singer raises target price from 98p to 108p keeping a buy recommendation. Amlin: Deutsche Bank ups target price from 465p to 484p reiterating its hold recommendation. Ca
Read moreLondon midday: Weir leads markets higher as stocks rise for third day
10th Dec 2013 11:16
- FTSE 100 tracks S&P 500 higher after another record close - Taper speculation picks up ahead of Fed meeting - China, UK data comes in mixed - Weir extends gains on GE bid reports techMARK 2,685.85 +0.23% FTSE 100 6,571.16 +0.18% FTSE 250 15,455.13 +0.41% UK markets were rangebound on Tuesday mor
Read moreLondon open: Stocks at one-week high, Lloyds gains
10th Dec 2013 08:17
- UK market at highest since December 2nd - S&P 500 hits 39th record close this year - Taper speculation picks up ahead of Fed meeting - Carney calls for sustained low rates techMARK 2,684.69 +0.19% FTSE 100 6,567.32 +0.12% FTSE 250 15,424.59 +0.21% UK markets opened with small gains on Tuesday mo
Read moreLondon close: Markets up after economic data, Lloyds rises
27th Nov 2013 16:43
- Economic data comes in broadly positive - Global indices trading near record highs - M&A speculation surrounds Lloyds, AMEC techMARK 2,658.82 +0.35% FTSE 100 6,649.47 +0.20% FTSE 250 15,406.67 +0.66% UK markets finished in positive territory on Wednesday as investors reacted to a flurry of econo
Read moreLloyds close to selling 10 per cent stake in St.James Place
27th Nov 2013 15:52
In the context of a research note on St.James Place issued on Wednesday analysts at Panmure Gordon wrote that they believe that Lloyds will look to place at least a 10 per cent stake in the wealth management firm in the first couple of weeks of December. That comes after the "lock-in" period for L
Read moreSt James's Place upbeat after jump in funds under management
24th Oct 2013 07:55
St James's Place reported funds under management had jumped five per cent in the three months to the end of September to a record 41.8bn pounds. The wealth management group said it had benefited from the strong performance in equity markets as well as another good quarter for new business. Chief
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