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Man ShareCast News (EMG)
ShareCast News for Man (EMG)
| Share Price: 131.50 | Bid: 131.50 | Ask: 131.60 | Change: 0.00 (0.00%) |  | ||||||
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FTSE 100 movers: Aberdeen off on Credit Suisse placement
Tue, 3rd Jul 2012 13:57
Making headlines this morning was the news that Bob Diamond has called its quits at Barclays, bowing in to political pressure following last week's news that the bank was involved in Libor manipulation. Marcus Agius, who said yesterday that he would resign as Chairman, is to become a full-time Chairman while the board searches for a new CEO. Shares advanced after this morning's announcement.
Also providing a lift on the blue-chip index were the miners as metals prices firmed on stimulus speculation. Vedanta, Rio Tinto, Kazakhmys, Fresnillo, ENRC and BHP Billiton were all making gains in spite of Deutsche Bank cutting target prices across the sector.
Deutsche Bank also reduced its target price for oil titan BP this morning, which was one of the worst performers of the day.
In other broker news, hedge fund manager Man Group was hit with a downgrade by Credit Suisse from 'outperform' to 'neutral', with the broker estimating that assets under management have fallen by 12% in the second quarter owing to a "tough" market environment.
Aberdeen Asset Management is leading fallers on the benchmark index after reports in the FT´s Alphaville blog that Credit Suisse has carried out a placement in the company´s shares.
FTSE 100 - Risers
Vedanta Resources (VED) 952.50p +5.13%
Barclays (BARC) 173.85p +3.24%
Kazakhmys (KAZ) 752.00p +3.01%
Rio Tinto (RIO) 3,143.50p +2.71%
Antofagasta (ANTO) 1,123.00p +2.37%
Meggitt (MGGT) 396.10p +2.01%
Amec (AMEC) 1,046.00p +1.95%
Standard Chartered (STAN) 1,444.00p +1.76%
Rexam (REX) 431.00p +1.75%
Weir Group (WEIR) 1,590.00p +1.73%
FTSE 100 - Fallers
Aberdeen Asset Management (ADN) 255.00p -3.66%
ITV (ITV) 75.85p -2.51%
Kingfisher (KGF) 282.90p -2.11%
Severn Trent (SVT) 1,642.00p -1.20%
CRH (CRH) 1,227.00p -1.13%
United Utilities Group (UU.) 672.00p -1.10%
Next (NXT) 3,167.00p -0.88%
BP (BP.) 428.80p -0.86%
ICAP (IAP) 337.00p -0.82%
SSE (SSE) 1,390.00p -0.79%
NR
Also providing a lift on the blue-chip index were the miners as metals prices firmed on stimulus speculation. Vedanta, Rio Tinto, Kazakhmys, Fresnillo, ENRC and BHP Billiton were all making gains in spite of Deutsche Bank cutting target prices across the sector.
Deutsche Bank also reduced its target price for oil titan BP this morning, which was one of the worst performers of the day.
In other broker news, hedge fund manager Man Group was hit with a downgrade by Credit Suisse from 'outperform' to 'neutral', with the broker estimating that assets under management have fallen by 12% in the second quarter owing to a "tough" market environment.
Aberdeen Asset Management is leading fallers on the benchmark index after reports in the FT´s Alphaville blog that Credit Suisse has carried out a placement in the company´s shares.
FTSE 100 - Risers
Vedanta Resources (VED) 952.50p +5.13%
Barclays (BARC) 173.85p +3.24%
Kazakhmys (KAZ) 752.00p +3.01%
Rio Tinto (RIO) 3,143.50p +2.71%
Antofagasta (ANTO) 1,123.00p +2.37%
Meggitt (MGGT) 396.10p +2.01%
Amec (AMEC) 1,046.00p +1.95%
Standard Chartered (STAN) 1,444.00p +1.76%
Rexam (REX) 431.00p +1.75%
Weir Group (WEIR) 1,590.00p +1.73%
FTSE 100 - Fallers
Aberdeen Asset Management (ADN) 255.00p -3.66%
ITV (ITV) 75.85p -2.51%
Kingfisher (KGF) 282.90p -2.11%
Severn Trent (SVT) 1,642.00p -1.20%
CRH (CRH) 1,227.00p -1.13%
United Utilities Group (UU.) 672.00p -1.10%
Next (NXT) 3,167.00p -0.88%
BP (BP.) 428.80p -0.86%
ICAP (IAP) 337.00p -0.82%
SSE (SSE) 1,390.00p -0.79%
NR
Tuesday broker round-up UPDATE
Babcock International: Jefferies increases target price from 1080p to 1250p and maintains a buy recommendation.[Tue 08:04]
London close: Stocks end higher after Australian rate cut
Market Movers[7 May '13]
FTSE 250 movers: Imagination Technologies hit by downgrade
Imagination Technologies Group was lower after Exane BNP cut its target price from 610p to 311p and downgraded the stock to neutral.[7 May '13]
Tuesday broker round-up UPDATE
Admiral Group: JP Morgan reduces target price from 1246p to 1108p downgrading to underweight.[7 May '13]
London close: US jobs data sends FTSE 100 to seven-week high
The FTSE 100 jumped one per cent higher to a seven-week high on Friday afternoon with stock markets rejoicing as the US jobs report smashed forecasts in April and previous months' data was revised higher.[3 May '13]
FTSE 250 movers: Man Group rises on anticipated boost to EPS
Investment management firm Man Group jumped after it said that 2013 earnings per share (EPS) would be helped after a change in its regulatory status boosted surplus regulatory capital, allowing it to call/redeem certain debt securities. The strong rise came despite it saying that flows in the first quarter were "disappointing".[3 May '13]
London midday: Miners buoy Footsie ahead of US jobs data
Strength in the mining sector kept the FTSE 100 in positive territory on Friday morning, though the index was rangebound ahead of the all-important US jobs report due out this afternoon.[3 May '13]
London open: Markets up ahead of US jobs report, but RBS falls
London's FTSE 100 index opened broadly flat on Friday morning as a sharp fall from Royal Bank of Scotland (RBS) offset a strong performance in the mining sector.[3 May '13]
