London afternoon: Public sector gloom lifts a little
14th Sep 2010 14:11
The afternoon session has been much like the morning one with Footsie drifting sideways. There has been some focus on companies that rely, in part, on contracts from the public sector, and the feeling is that the worries about the government tap being turned off may have been overdone. Telecoms
Read moreLondon midday: Busy going nowhere
14th Sep 2010 12:02
Footsie has been unable to make early gains stick and despite the strength of resource stocks is hovering close to its starting point for the day. Inflation data did little to boost sentiment, with the annual inflation rate remaining unchanged at 3.1% in August against expectations of a slight eas
Read moreLondon open: More gains for Footsie
14th Sep 2010 08:50
Footsie has defied predictions of a fall early on and has pushed on again. The index has been rising steadily now for nearly two weeks. Lloyds and Royal Bank of Scotland are two of the best performers as banks go well again in the wake of the new Basel III guidelines announced yesterday. Rio Tint
Read moreEmerging markets drive Ashmore
14th Sep 2010 07:41
Fund manager Ashmore saw a big hike in profits last year as more money from existing clients meant assets under management increased steadily throughout the 12 months. The emerging markets specialist reported pre-tax profits of £217.2m in the year to June, up from £159.8m, on sales of £281.4m, up f
Read moreBroker tips: Experian, Ashmore
15th Jul 2010 12:28
Credit checking firm Experian issued an interim management statement which showed a stronger start to the year than Charles Stanley was expecting. "There are a number of positive trends within today's release. One feature we would highlight is the improved performance from North America which acco
Read moreBroker snap: Ashmore price target lifted by KBC
15th Jul 2010 11:55
KBC Peel Hunt has bumped up its earnings forecasts for Ashmore Group after the emerging markets asset manager's trading update on Wednesday. The broker has factored in the higher than expected assets under management (AuM) figure Ashmore announced and upgraded its forecasts for the year to end-June
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
15th Jul 2010 08:56
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0756 GMT [Dow Jones] KBC Peel Hunt lifts Ashmore Group (ASHM.LN) price target to 320p from 305p following the company's be
Read moreMARKET TALK: KBC Raises Ashmore Price Target
15th Jul 2010 08:56
0756 GMT [Dow Jones] KBC Peel Hunt lifts Ashmore Group (ASHM.LN) price target to 320p from 305p following the company's better than expected trading update. Raises '10 EPS estimate to 20.2p from 18p to reflect the higher opening level of assets under management. Says the stock is well supported by b
Read moreMARKET TALK: Citigroup Downgrades Ashmore To Hold Vs Buy
15th Jul 2010 07:17
0617 GMT [Dow Jones] Citigroup downgrades Ashmore Group (ASHM.LN) to hold from buy and lowers the price target to 300p from 325p. With slowing fund flow momentum and performance fees driving a fall in FY '11E EPS, Citigroup finds it difficult to see Ashmore building on its premium rating. It thinks
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
15th Jul 2010 07:17
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0617 GMT [Dow Jones] Citigroup downgrades Ashmore Group (ASHM.LN) to hold from buy and lowers the price target to 300p from
Read moreLondon close: Winning streak ends
14th Jul 2010 17:05
A spirited late rally was not enough to return Footsie into positive territory. The blue-chip index recovered from its nadir of 5,206 to rise almost 50 points in the last 90 minutes of trading. Just a third of the blue-chip index's constituents advanced on the day and chief among them was chip desi
Read moreLondon afternoon: Drift lower continues
14th Jul 2010 14:54
A soft start on Wall Street has seen London slide further into the red although there do remain some bright spots. Chief among them is chip designer ARM, which has been lifted by Intel's record results announced last night. Goldman Sachs has responded to Intel's results by upping its price target
Read moreLondon midday: ICAP leads the slide
14th Jul 2010 12:04
London looks like it is pausing for breath after the recent good run that has seen the FTSE 100 index advance by 8% over the last week. As has been the case every day this week, BP is in focus but the slant on the news today is downwards. The company has delayed a pressure test on the newly instal
Read moreMARKET TALK: Arden Ups Ashmore Price Targets, 2010 Estimates
14th Jul 2010 08:48
0748 GMT [Dow Jones] Arden Partners increases Ashmore Group's (ASHM.LN) price target to 330p from 303p. Broker also revises up 2010 revenue estimates to GBP277m from GBP245m, while increase profit before tax forecasts for the year to GBP197m from GBP171m. It upgrades EPS expectations to 19.8p from 1
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
14th Jul 2010 08:48
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0748 GMT [Dow Jones] Arden Partners increases Ashmore Group's (ASHM.LN) price target to 330p from 303p. Broker also revise
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