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Man ShareCast News (EMG)
ShareCast News for Man (EMG)
| Share Price: 86.55 | Bid: 86.50 | Ask: 86.65 | Change: -3.00 (-3.35%) |  | ||||||
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FTSE 250 movers: Ocado up as rumours escalate; Dialight drops
Online grocer Ocado was extending its recent gains on Tuesday, continuing to set new all-time highs, as speculation over potential contracts and M&A activity continue to do the rounds. The stock has rocketed since the start of the year after the company signed a deal with Morrison to help the supermarket giant develop an online shopping channel.[11 Jun '13]
Thursday broker round-up UPDATE
Aggreko: Goldman Sachs cuts target price from 2425p to 2125p, while retaining its buy recommendation.[6 Jun '13]
Thursday newspaper round-up: Man Group, Sainsbury, IMF...
Falling bond values over the past few weeks hit Man Group hard, according to The Times, which says that the hedge-fund manager "had been badly wrongfooted by the bond-market collapse". Shares tanked by 17 per cent yesterday after the firm said that its flagship AHL Diversified fund had suffered an 11 per cent loss over the last month, amounting to losses of nearly 1.2bn pounds.[6 Jun '13]
FTSE 250 movers: Hedge-fund manager Man Group hit by broker downgrade
Man Group was the biggest mover on the second-tier index on Wednesday, with its share price plummeting after UBS downgraded the stock to 'neutral' citing a 'degradation in the investment case'.[5 Jun '13]
London midday: Markets drop ahead of key US data
It was another volatile morning for financial markets on Wednesday as ongoing worries about stimulus measures in the US and a heavy economic data schedule dominated market sentiment.[5 Jun '13]
Wednesday broker round-up UPDATE
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation.[5 Jun '13]
London close: Stocks rise as Fed speculation continues
Speculation surrounding the future of the Federal Reserve's stimulus programme continued to drive market sentiment on Tuesday as stocks rebounded on hopes that the US central bank will delay scaling back measures as it awaits a firmer recovery.[4 Jun '13]
FTSE 250 movers: Cobham sinks as unnamed shareholder sells shares
Defence and aerospace group Cobham was in the red after a late report last night said an unnamed 'institutional investor' sold 39.1m shares in the company via a placing, equal to a 3.6 per cent stake.[4 Jun '13]
