FTSE 100 movers: G4S back amongst the risers
18th Jul 2012 14:46
Security solutions group G4S was performing well as it attempts to claw back some of the losses it has incurred over the last week - including today's gain, the stock is still down nearly 15% on last Wednesday. The group said on Monday that it will take a 35-50m pound loss on its Olympics contract.
Read moreLondon midday: Stocks flat with central banks in focus
18th Jul 2012 11:48
- BoE could consider rate cut in future - UK unemployment falls - Bernanke comments will be closely watched The morning's gains were pared by Wednesday lunchtime as investors digested the minutes of the latest UK policy-makers' meeting and prepared for another testimony from Federal Reserve Chairm
Read moreWednesday broker round-up
18th Jul 2012 09:21
Ashmore: Goldman Sachs upgrades to buy. Ashtead: Jefferies reiterates buy rating and 320p target. Booker: Investec maintains buy rating and 98p target. British Land: BarCap downgrades to equal weight. Capital Shopping Centres: BarCap upgrades to overweight. Chariot Oil & Gas: Merchant Securitie
Read moreLondon open: Stocks edge higher ahead of BoE minutes
18th Jul 2012 08:37
- MPC minutes due out shortly - Markets still digesting Bernanke comments - Fresnillo, Ashmore, Schroders lead the risers on the Footsie The FTSE 100 edged higher on Wednesday morning ahead of the Bank of England minutes due out shortly. Meanwhile, a well-received earnings report from Swiss banking
Read moreFriday broker round-up
13th Jul 2012 09:11
Aegis: Exane BNP Paribas downgrades to neutral, target upped from 220p to 240p; UBS downgrades to neutral, target upped from 195p to 240p; HSBC downgrades to underweight, target upped from 180p to 240p. Anglo American: Liberum Capital downgrades to hold. Ashmore: Singer Capital Markets downgrades
Read moreLondon close: Stocks slide ahead of Chinese growth data
12th Jul 2012 16:31
- All eyes on Chinese GDP data tomorrow - FOMC minutes disappoint as they fail to hint at QE3 - Aegis rockets after Dentsu offer; miners tank The FTSE 100 finished around 1% lower on Thursday afternoon with the mining sector bearing the brunt of concerns over the global economy ahead of some highly
Read moreFTSE 100 movers: Miners plunge but Ashmore beats them to bottom spot
12th Jul 2012 14:39
Mining heavyweights Antofagasta, Rio Tinto, ENRC and BHP Billiton were all registering steep losses after Credit Suisse slashed target prices across the sector after lowering commodity price estimates. Rio Tinto announced this morning that its Chief Financial Officer is to retire at the end of next
Read moreLondon midday: Growth concerns fuel risk aversion
12th Jul 2012 11:22
- Ashmore drops eight per cent; miners tank - Aegis rockets after Dentsu offer - Markets focus on FOMC minutes and global growth concerns European markets were firmly in negative territory on Thursday morning on the back of concerns over the global economy, with miners about the worst hit in London
Read moreBroker tips: Ashmore, Miners, Aegis
12th Jul 2012 11:08
Shares in fund management Ashmore took a battering on Thursday morning after its fourth-quarter statement but Peel Hunt has maintained its 'buy' recommendation and 440p target price for stock saying that it still offers 'long-term structural growth'. "Given the slightly lower period-end AuM, and re
Read moreBroker snap: Peel Hunt stays optimistic about Ashmore
12th Jul 2012 11:07
Shares in fund management Ashmore took a battering on Thursday morning after its fourth-quarter statement but Peel Hunt has maintained its 'buy' recommendation and 440p target price for stock saying that it still offers 'long-term structural growth'. Assets under management (AuM) were weaker than e
Read moreLondon open: Ashmore, G4S and miners provide a drag
12th Jul 2012 08:43
- FOMC minutes disappoint - Miners tank after Credit Suisse cuts forecasts - Aegis rockets after Dentsu offer The FTSE 100 dropped sharply in morning trade on Thursday with sentiment dampened by last night's statement by the Federal Reserve which didn't give any hints at further stimulus measures f
Read moreAshmore AuM falls in nervous market
12th Jul 2012 07:11
Fund manager Ashmore said assets under management (AuM) fell 3.3 per cent to $63.7bn in the quarter ended 30 June 2012 as worries about the Eurozone crisis and global growth rattled investor confidence. "The drivers of this decrease were adverse investment performance of $1.6bn and net outflows of
Read moreThursday preview: AB Foods, Centaur, Ashmore
11th Jul 2012 17:45
Associated British Foods, which last Friday announced the acquisition of the Elephant Atta ethnic flour brand from Premier Foods, updates the market on Thursday. Attention will probably be on the group's Primark clothing chain, as usual, but the Elephant Atta purchase is a useful reminder that there
Read moreThursday broker round-up:
5th Jul 2012 08:06
Aquarius Platinum: Canaccord Genuity downgrades to hold. ARM Holdings: Jefferies maintains hold rating and 485p target. Ashmore: Citigroup cuts target from 400p to 350p, neutral rating kept. Babcock: Jefferies keeps buy recommendation and 970p target. Bellway: UBS raises target from 800p to 900p
Read moreWednesday broker round-up
30th May 2012 09:31
Aberdeen: UBS cuts target from 340p to 300p, buy rating unchanged. Ashmore: UBS cuts target from 420p to 380p, buy rating unchanged. AVEVA: Merchant Securities raises target from 1,800p to 1,850p, buy rating unchanged. Centrica: Nomura cuts target from 355p to 320p, neutral rating kept. Drax: No
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