Wednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreWednesday tips round-up: ASOS, IG Group, Ashmore
15th Jan 2014 07:57
Online fashion retailer ASOS on Tuesday again managed to beat market forecasts for Christmas sales. However, there were signs in the latest full-year results that the company is working harder to deliver its impressive growth. For example, it seems to be outgrowing its logistical base and marketin
Read moreLondon close: BSkyB leads markets higher after decent economic data
14th Jan 2014 16:31
- Markets at highest level since October 30th - UK inflation falls to BoE target - Eurozone industrial production, US retail sales beat forecasts - UBS highlights potential M&A at BSkyB techMARK 2,818.48 +0.54% FTSE 100 6,766.86 +0.14% FTSE 250 16,236.02 -0.12% Markets managed to finish in positiv
Read moreFTSE 250 movers: Ashmore declines on falling AuM
14th Jan 2014 15:49
Ashmore, a UK fund manager that invests in emerging markets, saw its shares dive after it said assets under management fell 4.1 per cent during the quarter ended December 31st amid continued market volatility. AuM fell to $75.3bn during the quarter from $78.5bn as a result of net outflows totalling
Read moreAshmore quarterly AuM declines - UPDATE
14th Jan 2014 12:03
- AuM fell 4.1 per cent during the quarter - Continued market volatility - Confident in year ahead, sees easing volatility Ashmore, a UK fund manager that invests in emerging markets, said assets under management fell 4.1 per cent during the quarter ended December 31st amid continued market volati
Read moreLondon midday: Stocks lower but losses trimmed as inflation eases
14th Jan 2014 11:20
- CPI inflation falls to BoE target - US earnings season in focus - UBS sees merger opportunities at BSkyB - Ashmore reports fall in AuM techMARK 2,800.75 -0.09% FTSE 100 6,740.89 -0.24% FTSE 250 16,152.84 -0.63% Nervousness ahead of the US earnings season and a disappointing update from fund mana
Read moreBroker snap: Consensus downgrades likely a Ashmore, says Numis
14th Jan 2014 09:43
Numis Securities has maintained a 'hold' rating for fund manager Ashmore, saying that downgrades to consensus estimates are likely after the group's disappointing second-quarter update. The company reported that assets under management (AuM) totalled $75.3bn by the end of December 2013, down 4.1% f
Read moreLondon open: Markets pull back from 10-week high, Ashmore drops
14th Jan 2014 08:35
- Ashmore reports fall in AuM, drags peers lower - Lockhart quashes stimulus optimism - FTSE 100 pulls back from 10-week high techMARK 2,798.85 -0.16% FTSE 100 6,723.86 -0.49% FTSE 250 16,144.85 -0.68% A disappointing set of results from Ashmore and a host of other stocks on the FTSE 350 dampened
Read moreAshmore quarterly AuM declines
14th Jan 2014 07:59
- AuM fell 4.1 per cent during the quarter - Continued market volatility - Confident in year ahead, sees easing volatility Ashmore, a UK fund manager that invests in emerging markets, said assets under management fell 4.1 per cent during the quarter ended December 31st amid continued market volati
Read moreTuesday preview: UK inflation and US retail sales figures released
13th Jan 2014 14:46
Investors will turn their focus to reports out on UK inflation and US retail sales on Tuesday following a quiet start to the week. The UK consumer price index (CPI) for December is expected to have risen 2.1% year-on-year, in line with the prior month, according to the consensus forecast. That come
Read moreFriday broker round-up UPDATE
20th Dec 2013 09:12
African Barrick Gold: Canaccord Genuity takes target price from 125p to 195p upgrading from hold to buy. Ashmore Group: UBS raises target price from 390p to 430p upgrading from neutral to buy. BAE Systems: JP Morgan cuts target price from 380p to 355p and maintains its underweight rating. UBS lowe
Read moreFTSE 250: Drax Group, Interserve, Balfour Beatty, Ashmore
4th Dec 2013 15:07
British electrical power company Drax Group rose after the UK government confirmed that two of its units converted to burn sustainable biomass to meet the eligibility and minimum evaluation criteria for investment contracts. Construction and infrastructure services stocks including Interserve and
Read moreAshmore's Finance Director to step down
26th Nov 2013 08:22
Graeme Dell, the Finance Director of FTSE 250 emerging markets fund manager Ashmore Group, has stepped down from the board with immediate effect, the firm announced on Tuesday. Dell, who was appointed to the board back in December 2007, is leaving to "pursue other business opportunities" but will r
Read moreHunting Chairman reduces family trust holding
21st Oct 2013 16:11
Richard Hunting, the non-Executive Chairman of FTSE 250-listed energy services provider Hunting, has reduced the Hunting Family Trusts' stake in the company. Some 35,796 shares were disposed of for an average price of 857.8p a share, raising £307,058. Richard, who is a trustee of the Hunting Fami
Read moreThursday broker round-up UPDATE
10th Oct 2013 08:36
Ashmore Group: Canaccord Genuity takes target price from 380p to 400p and retains a hold recommendation. Numis shifts target price from 380p to 390p reiterating its hold recommendation. Ashtead Group: Numis upgrades to add with a target price of 670p. Berkeley Group: Panmure Gordon moves target pr
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