London open: Footsie rises despite banking weakness
16th Apr 2012 08:33
- Spanish 10-year bond yield above six per cent - Banks under pressure, Moody's delays ratings decision - Int'l Power rises strongly after GDF SUEZ bid London's blue chip index opened moderately higher despite a fall in the banking sector. International Power was leading the risers after receiving
Read moreLondon midday: Mid-caps set the pace
12th Apr 2012 11:49
The top share index spent the morning spinning its wheels with most of the excitement taking place among the mid-cap stocks. Last night, the Federal Reserve's April Beige Book survey encouraged the maintenance of the status quo. The Fed's survey revealed that overall activity "continued to expand a
Read moreLondon open: Shell weighs on the Footsie
12th Apr 2012 08:19
- Shell drops on oil sheen reports - GKN up after upgrade - World Bank cuts Chinese GDP forecast Despite an initial rise, the FTSE 100 index had fallen into the red within the opening hour with oil giant Shell providing a drag on reports of an oil sheen in the Gulf of Mexico. Eurozone peripheral
Read moreAshmore sees strong rise in AuM
12th Apr 2012 07:25
Emerging markets asset manager Ashmore Group saw assets under management (AuM) recover strongly in its third quarter, following a fall in the first half. AuM totalled $65.9bn by March 31st 2012, up 9.1% over the three-month period, helped by net inflows of $1.2bn and the positive investment perform
Read moreLondon close: Stocks rally into long weekend
5th Apr 2012 16:36
- US jobless claims fall to lowest level since 2008 - BoE maintains Bank Rate and QE - Miners, Ashmore rise strongly in ahead of long weekend Stocks rallied in afternoon trade to push the FTSE 100 into positive territory after some upbeat jobless data from the US boosted sentiment. The Footsie dro
Read moreFTSE 100 movers: Ashmore bucks the trend
5th Apr 2012 14:32
Fund manager Ashmore was bucking the downward trend of the financial sector after UBS raised its rating on the stock from neutral to buy. The broker said that its recent under-performance, combined with the strong fund performance and record inflows at industry level, was the reason behind the upgra
Read moreBroker tips: Ashmore, SABMiller, Shire
5th Apr 2012 12:28
Emerging markets (EM) focused fund manager Ashmore was leading the risers on the FTSE 100 on Thursday after UBS upgraded its rating on the stock from neutral to buy. UBS said that the stock's recent underperformance, combined with the strong fund performance and record inflows at industry level, ha
Read moreLondon midday: Footsie down after manufacturing data, BoE holds rates
5th Apr 2012 11:41
- BoE holds rates, QE - UK manufacturing in surprise decline - Financials lead Footsie lower, Ashmore bucks trend After a cautious start, the Footsie found its direction by mid-morning, falling steeply after some worse-than-expected domestic manufacturing data. Meanwhile, the Bank of England's po
Read moreBroker snap: UBS gives Ashmore a lift
5th Apr 2012 11:16
Emerging markets (EM) focused fund manager Ashmore was leading the risers on the FTSE 100 on Thursday after UBS upgraded its rating on the stock from neutral to buy. UBS said that Ashmore has de-rated by 5% versus its peers on a one-month and three-month period. This recent underperformance, comb
Read moreLondon open: Stocks rebound after heavy sell-off
5th Apr 2012 08:28
- Market awaits BoE decision - Ashmore flying high after upgrade - Miners recover after sell-off yesterday London's blue chip index rose moderately in early trading on Thursday ahead of a long weekend, recovering after yesterday's sell-off. The Footsie fell 135 points, or 2.3%, yesterday on the ba
Read moreThursday broker round-up - UPDATE
5th Apr 2012 08:00
Antofagasta: AlphaValue upgrades from reduce to add, target cut from 1,233.6p to 1,211.5p. Aveva: Merchant Securities raises target from 1,785p to 1,800p, buy rating kept. Ashmore: UBS upgrades from neutral to buy, target lifted from 400p to 420p. Barclays: AlphaValue upgrades from reduced to add
Read moreFriday broker round-up - UPDATE
24th Feb 2012 09:36
Lloyds Banking Group: Nomura keeps reduce rating and 35p target; Credit Suisse keeps neutral rating and 33p target. Royal Bank of Scotland: Nomura reiterates reduce recommendation and 26p target. RSA Insurance: Nomura downgrades from buy to neutral, target reduced from 148p to 120p; UBS keeps long
Read moreAshmore's AuM recover
23rd Feb 2012 08:00
Ashmore Group, the fund manager specialising in investments in emerging markets, saw its assets under management (AuM) slide in the second half of 2011 as markets took a dive, though things did improve in the final quarter. AuM at the end of 2011 stood at $60.4bn, down $5.4bn (8%) over what is the
Read moreLondon open: Stocks slip after Greek bailout approval
21st Feb 2012 08:19
- Eurogroup approves Greek bailout. - Euro strengthens after announcement. - Footsie slips early on with oil stocks weighing on index. Despite Eurozone finance ministers doing what many had expected by approving the next tranche of aid for Greece, the Footsie opened moderately lower on Tuesday morn
Read moreLondon close: Optimistic mood ahead of Eurogroup, but risks remain
17th Feb 2012 17:10
-Merkel optimistic about Eurogroup meeting. -Miners lead gains on Footsie. -Retailer rise on economic data. London's benchmark index finished the week strongly - up 53 points on last Friday's close of 5,852 - as markets expressed confidence that the next Greek bailout can be secured on Monday. Af
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