London close: Miners drag FTSE into the red on concerns over China
25th Feb 2014 17:09
- Miners drag FTSE into red - Feb US consumer confidence falls - EU expects mild euro area recovery techMARK 2,903.08 -0.49% FTSE 100 6,830.50 -0.52% FTSE 250 16,527.88 -0.07% Stocks eased back from some of the session's earlier losses, but still ended the day on a downbeat note as miners weighed
Read moreFTSE 250 movers: Ashmore dives as profits sink by a third
25th Feb 2014 15:30
Asset manager Ashmore was at the bottom of the pile after its first-half profits fell by a third as it counted the cost of investor wariness over emerging markets against a backdrop of the US winding down its bond-buying stimulus programme. The news prompted Canaccord to downgrade the stock to 'hold
Read moreCanaccord downgrades Ashmore to 'hold' after disappointing interims
25th Feb 2014 12:13
Below par interim results at Ashmore have led to a downgrade by Canaccord to "hold". Describing the numbers, which came in at 25% below consensus, as "lacklustre", the broker reduced its target price to 325p. Canaccord said that Ashmore's assets under management are more or less maintained and "gi
Read moreBroker 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 moreAshmore upbeat on emerging markets despite tough half year
25th Feb 2014 08:28
Asset manager Ashmore saw first half profits dive by a third as it counted the cost of investor wariness over emerging markets against a backdrop of the US winding down its bond-buying stimulus programme. The group sought to underline its confidence on outlook by hiking the interim payout. For
Read moreMonday broker round-up UPDATE
17th Feb 2014 08:23
Aberdeen Asset Management: Goldman Sachs lowers target price from 600p to 540p, while its buy recommendation is kept. Anglo American: Deutsche Bank cuts target price from 1500p to 1460p, while leaving its hold recommendation unchanged. Credit Suisse raises target price from 1650p to 1900p upgrading
Read moreFTSE 250 movers: Balfour Beatty boosted by RBC upgrade
5th Feb 2014 14:14
Infrastructure services group Balfour Beatty was among the best performers on the FTSE 250 on Wednesday after RBC Capital Markets upgraded its rating by two notches from 'underperform' to 'outperform', saying that the stock is geared to the recovery in the UK. "We believe that the outlook in its en
Read moreLondon midday: AB Foods and RSA lead markets higher
5th Feb 2014 11:21
- Upside limited after UK, Eurozone data disappoints - Investors cautious ahead of US data, policy decisions - AB Foods rises, RSA appoints Hester as CEO - Hargreaves Lansdown drops after H1 results techMARK 2,756.02 +0.36% FTSE 100 6,465.16 +0.25% FTSE 250 15,589.91 +0.32% UK markets snapped a fi
Read moreWednesday broker round-up UPDATE
5th Feb 2014 09:04
Afren: Westhouse Securities ups target price from 165p to 180p retaining a buy recommendation. Amlin: Nomura lowers target price from 467p to 442p maintaining a neutral rating. ARM Holdings: Jefferies reduces target price from 1300p to 1140p, while keeping a buy recommendation. Deutsche Bank cuts
Read moreFriday broker round-up UPDATE
31st Jan 2014 09:43
Aberdeen Asset Management: Berenberg cuts target price from 555p to 530p staying with its buy recommendation. Amlin: Canaccord Genuity moves target price from 420p to 430p reiterating a hold recommendation. ARM Holdings: Credit Suisse cuts target price from 1150p to 1100p and reiterates an outperf
Read moreSector movers: Financials gain as emerging-market tensions ease
28th Jan 2014 15:27
Easing concerns over the emerging markets helped the financial sector higher on Tuesday, with stocks buoyed by M&A activity surrounding F&C Asset Management. Fund managers such as Aberdeen and Man Group have fallen sharply in recent sessions owing to their exposure to developing nations after a sel
Read moreMonday broker round-up UPDATE
27th Jan 2014 09:30
Aberdeen Asset Management: Espirito Santo cuts target price from 573p to 514p and keeps a buy recommendation. Morgan Stanley reduces target price from 492p to 393p and stays with its equal-weight rating. Amino Technologies: N+1 Singer shifts target price from 89p to 93p and reiterates a hold recomm
Read moreSector movers: Metals, financials bear brunt of the sell-off
24th Jan 2014 15:33
Every sector on the UK stock market was either flat or in the red on Friday afternoon as a global rout of equity indices spurred investors to shy away from risk. Rising concerns about a slowdown in China - figures yesterday pointed to a contraction in the manufacturing sector in January - and a sel
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 moreBroker snap: Credit Suisse ups targets for most diversified financials
20th Jan 2014 12:55
Credit Suisse on Monday raised its price targets for a broad swathe of the European Diversified Financials sector, benefiting several UK managers in the process, albeit not all. The main reason for its changes was the fact that the sector is the most sensitive to rising 10-year US Treasury yields. T
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