29th Jul 2014 09:37
Abderdeen Asset Management: Berenberg cuts target price from 530p to 510p and maintains a buy recommendation. African Barrick Gold: Numis takes target price from 260p to 330p upgrading from hold to buy. Anglo American: Deutsche Bank increases target price from 1590p to 1650p and reiterates a hold
Read more29th Jul 2014 09:36
- H1 revenues down 18%, PBT down 31% - Profit fall not as bad as feared - Costs cut for £17.5m profit benefit in H2 London interdealer broker Tullett Prebon is to further cut back its headcount after revenues and profits declined badly in the first six months of the year due to depressed levels of
Read more17th Jul 2014 15:27
AO World shares dropped on Thursday after the kitchen appliances retailer despite a seemingly strong first-quarter update with like-for-like sales up 30% as analysts cited concerns about the company launch in Germany later this year. Retail Analyst Nick Bubb said that the expansion into German is
Read more17th Jul 2014 10:27
Tullett Prebon has appointed John Phizackerley as Chief Executive of the inter-dealer money broker. Phizackerley, former Chief Executive of Europe, the Middle East and Africa (EMEA) at Nomura International, will join the company on September 1st, replacing Terry Smith who steps down a day earlier.
Read more16th Jul 2014 11:09
Interdealer broker ICAP reported a 14% drop in first quarter revenue due to tough market conditions on trading. The company's voice broking division saw revenue drop 19%, reflecting structural and cyclical foctors including regulatory uncertainty, bank deleveraging and lack of interest rate and for
Read more10th Jul 2014 15:52
Much stronger net inflows and a better investment performance helped emerging markets asset manager Ashmore beat consensus forecasts for fourth-quarter assets under management and arrest the previous quarter's decline. Assets under management increased 7% during the quarter to $75bn, having declined
Read more10th Jul 2014 12:08
Interdealer broker Tullett Prebon said that a court has ruled in its favour in relation to a controversial hiring raid on its US businesses by rival BGC Partners back in 2009. The Financial Industry Regulatory Authority (FINRA) has ordered BCG to pay £19.5m to Tullett's US subsidiaries, but also or
Read more5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read more3rd Jun 2014 14:23
London-based interdealer broker Tullett Prebon jumped on speculation it could soon announce a successor to long-running Chief Executive Officer Terry Smith. According to reports, Smith, a well-known financial executive in the City, is thought to be planning to work full time at Fundsmith, the asset
Read more3rd Jun 2014 14:06
London-based interdealer broker Tullett Prebon could soon announce a successor to long-running Chief Executive Officer Terry Smith, according to reports. Smith, a well-known financial executive in the City, is thought to be planing to work full time at Fundsmith, the asset management company he sta
Read more3rd Jun 2014 11:59
- Pressure steps up on ECB to act - Eurozone inflation eased further in May - HSBC China manufacturing PMI disappoints - UK construction PMI misses estimates techMARK 2,817.91 -0.16% FTSE 100 6,837.71 -0.38% FTSE 250 16,010.39 -0.46% London's FTSE 100 was trading lower on Tuesday as investors reac
Read more15th May 2014 09:43
Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl
Read more14th May 2014 09:34
African Minerals: Deutsche Bank lowers target price from 335p to 324p maintaining a buy recommendation. Aveva: Panmure Gordon downgrades from buy to hold with a target price of 2199p. Aviva: Panmure Gordon ups target price from 540p to 585p and keeps a buy recommendation. boohoo.com: Investec ini
Read more12th May 2014 10:06
Atkins (WS): Numis upgrades from add to buy with a target price of 1650p. Barclays: Credit Suisse moves target price from 260p to 275p and retains a neutral rating. Brit: Numis initiates with a target price of 290p and a buy recommendation. British Sky Broadcasting: JP Morgan raises target price
Read more9th May 2014 15:48
Interdealer broker Tullett Prebon disappointed the market on Friday by saying that it will take a 20m-pound one-off hit this year as it scales back costs and cuts jobs amid a challenging market. The company also said that the level of activity in financial markets has remained "subdued" since the
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