The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAshmore Share News (ASHM)

Share Price Information for Ashmore (ASHM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 199.20
Bid: 198.10
Ask: 198.40
Change: 2.90 (1.48%)
Spread: 0.30 (0.151%)
Open: 196.30
High: 199.50
Low: 196.30
Prev. Close: 196.30
ASHM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London close: Stocks finish higher after very quiet Monday

Mon, 12th Feb 2024 17:11

(Sharecast News) - London markets managed modest gains by the close of a subdued trading session on Monday, with no significant corporate or economic catalysts driving movements.

The FTSE 100 index edged up by 0.02% to reach 7,573.69 points, while the FTSE 250 saw a more notable rise of 0.74% to settle at 19,203.93 points.

In currency markets, sterling was last up 0.05% on the dollar to trade at $1.2634, while it rose 0.09% against the euro to change hands at €1.1721.

"The new week has begun with gains for stocks, though once again the FTSE 100 has been left out thanks to weakness in its heavyweight pharmaceutical stocks," said IG chief market analyst Chris Beauchamp.

"European indices have led the way today, and despite fears of broad-based weakness in the eurozone economy both the DAX and CAC 40 continue to hover near record highs."

Beauchamp added that Tuesday's consumer price index reading in the US was looking to be the main event of the week.

"Price growth is expected to keep slowing towards the Fed's target, so investors will be hoping for a bigger-than-expected drop in order to provide the foundations of a rally to fresh record highs for US indices."

UKCP jumps on offer from Tritax, GSK slips

On London's equity markets, UK Commercial Property REIT jumped 4.83% following news of a potential acquisition by Tritax Big Box in a deal valued at £924m.

Tritax, which itself closed down 4%, said it had offered 0.444 new Tritax shares for every UKCP share, leaving it with 76.7% of the merged group and UKCM shareholders with the remainder.

It represented a 10.8% premium to UKCP's closing share price of 64.2 pence per share on 9 February.

Elsewhere, Mike Ashley's retail conglomerate Frasers Group rose 4.98% after announcing an £80m share buyback initiative.

SSP Group saw a modest gain of 1.07% following its acquisition of Airport Retail Enterprises in Australia.

Anglo American climbed 2.88% after signing a memorandum of understanding with Finnish Minerals Group to support Finland's battery strategy.

Finnish Minerals Group is a holding and development company that manages the Finnish Government's mining industry shareholdings and supports the development of the Finnish battery value chain.

Jupiter Fund Management leapt 7% after receiving an upgraded rating to 'neutral' from BNP Paribas Exane.

On the downside, GSK dipped 2.02% despite confirming the US FDA had granted fast track designation for its investigational drug, bepirovirsen, aimed at treating chronic hepatitis B.

Ashmore Group faced a 3.22% drop after JPMorgan maintained its 'underweight' rating on the stock and adjusted the price target downwards, citing concerns about the extent of the recent re-rating.

Reporting by Josh White for Sharecast.com.

Market Movers

FTSE 100 (UKX) 7,573.69 0.02%

FTSE 250 (MCX) 19,203.93 0.74%

techMARK (TASX) 4,388.36 -0.32%

FTSE 100 - Risers

Burberry Group (BRBY) 1,335.50p 5.07%

Frasers Group (FRAS) 822.50p 4.98%

Ocado Group (OCDO) 536.80p 4.60%

Fresnillo (FRES) 493.40p 3.50%

Anglo American (AAL) 1,751.60p 2.88%

Endeavour Mining (EDV) 1,323.00p 2.88%

Glencore (GLEN) 394.25p 2.39%

Antofagasta (ANTO) 1,679.00p 2.25%

Beazley (BEZ) 578.50p 2.21%

Land Securities Group (LAND) 641.80p 2.13%

FTSE 100 - Fallers

Rolls-Royce Holdings (RR.) 309.10p -2.83%

AstraZeneca (AZN) 9,501.00p -2.66%

GSK (GSK) 1,626.40p -2.02%

Melrose Industries (MRO) 594.00p -1.49%

NATWEST GROUP (NWG) 207.70p -1.42%

Sage Group (SGE) 1,175.00p -1.34%

Compass Group (CPG) 2,200.00p -1.21%

Intertek Group (ITRK) 4,416.00p -1.14%

DCC (CDI) (DCC) 5,716.00p -0.90%

Croda International (CRDA) 4,927.00p -0.87%

FTSE 250 - Risers

Jupiter Fund Management (JUP) 86.00p 8.31%

TUI AG Reg Shs (DI) (TUI) 579.50p 5.65%

UK Commercial Property Reit Limited (UKCM) 67.30p 4.83%

Watches of Switzerland Group (WOSG) 410.00p 4.11%

Future (FUTR) 735.00p 3.90%

Direct Line Insurance Group (DLG) 167.50p 3.59%

Dr. Martens (DOCS) 87.85p 3.54%

W.A.G Payment Solutions (WPS) 88.00p 3.53%

Moneysupermarket.com Group (MONY) 252.60p 3.36%

Crest Nicholson Holdings (CRST) 226.00p 3.29%

FTSE 250 - Fallers

Tritax Big Box Reit (BBOX) 153.80p -4.00%

Ashmore Group (ASHM) 222.20p -3.22%

Baltic Classifieds Group (BCG) 228.00p -2.56%

Hilton Food Group (HFG) 791.00p -1.62%

TBC Bank Group (TBCG) 2,895.00p -1.53%

Octopus Renewables Infrastructure Trust (ORIT) 77.80p -1.52%

The Renewables Infrastructure Group Limited (TRIG) 99.80p -1.38%

Trustpilot Group (TRST) 185.70p -1.38%

Inchcape (INCH) 665.50p -1.33%

Diversified Energy Company (DEC) 907.50p -1.31%

More News
2 Sep 2022 12:05

LONDON MARKET MIDDAY: Breather for markets ahead of key US jobs data

(Alliance News) - Stocks in London snapped the week's losing streak on Friday ahead of a key US jobs release in the afternoon.

Read more
2 Sep 2022 08:32

TOP NEWS: Ashmore hit as investor risk aversion hurts emerging markets

(Alliance News) - Ashmore Group PLC on Friday said assets under management were hit by "widespread risk aversion" in the second half of its financial year, posting a dive in annual profit.

Read more
2 Sep 2022 07:47

LONDON MARKET PRE-OPEN: Ashmore hit by "widespread risk aversion"

(Alliance News) - Stocks in London are seen staging a slight recovery at the end of a difficult week, but the monthly US jobs report due later in the day could bring further market volatility.

Read more
2 Sep 2022 07:02

Ashmore FY AuM slip amid widespread risk aversion

(Sharecast News) - Asset manager Ashmore Group said on Friday that assets under management and earnings slipped in the twelve months ended 30 June as Russia's invasion of Ukraine and inflationary concerns led to widespread risk aversion.

Read more
26 Aug 2022 15:51

UK earnings, trading statements calendar - next 7 days

Monday 29 August 
no events scheduled 
Tuesday 30 August 
Braemar Shipping Services PLCFull Year Results
Bunzl PLCHalf Year Results
CentralNic Group PLCHalf Year Results
Old Mutual LtdHalf Year Results
Quarto Group IncHalf Year Results
Revolution Beauty Group PLCFull Year Results
Uniphar PLCHalf Year Results
Wednesday 31 August 
Bank of Cyprus Holdings PLCHalf Year Results
BBGI Global Infrastructure SAHalf Year Results
Chesnara PLCHalf Year Results
Dalata Hotel Group PLCHalf Year Results
ECO Animal Health Group PLCFull Year Results
Flowtech Fluidpower PLCHalf Year Results
STM Group PLCTrading Statement
Thursday 1 September 
Camellia PLCHalf Year Results
Eurocell PLCHalf year Results
Gem Diamonds LtdHalf Year Results
Johnson Service Group PLCInterim Results
Kainos Group PLCTrading Statement
Omega Diagnostics Group PLCFull Year Results
PPHE Hotel Group PLCHalf Year Results
Sportech PLCHalf Year Results
Wentworth Resources PLCHalf Year Results
Friday 2 September 
Ashmore Group PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
26 Jul 2022 09:42

LONDON BROKER RATINGS: Peel Hunt starts ITM Power with 'buy' rating

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
25 Jul 2022 09:46

LONDON BROKER RATINGS: Watches of Switzerland, GB Group started at buy

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
18 Jul 2022 09:46

LONDON BROKER RATINGS: Trio of downgrades for Fevertree; Admiral cut

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
15 Jul 2022 09:49

LONDON BROKER RATINGS: JPMorgan downgrades Admiral and Direct Line

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
14 Jul 2022 17:16

UK stocks slide over 1% on U.S. inflation scare, weak earnings

July 14 (Reuters) - British stocks fell on Thursday as investors worried about the prospect of a more aggressive stance by major central banks to curb inflation, with a slew of worrying forecasts from companies and weak commodity prices also hurting sentiment.

Read more
14 Jul 2022 12:29

LONDON MARKET MIDDAY: Stocks fall on 100 basis point rate US hike fear

(Alliance News) - Stock prices in London were lower at midday on Thursday as investors continued to take positions on the expectation of more aggressive interest rate hikes by the US Federal Reserve in the next several months to tame red-hot inflation.

Read more
14 Jul 2022 08:51

LONDON MARKET OPEN: Playtech drops as TTB Partners decides against bid

(Alliance News) - Stock prices in London opened lower on Thursday as investors continue to fret over high levels of inflation as US earnings season gets underway.

Read more
14 Jul 2022 08:21

Ashmore assets under management fall amid "challenging" backdrop

(Alliance News) - Ashmore Group PLC on Thursday reported a drop in assets under management in its fourth quarter as it noted "broad-based risk aversion".

Read more
14 Jul 2022 08:18

LONDON BRIEFING: SSP helped by longer "dwell times" amid travel chaos

(Alliance News) - There appears to have been at least one winner from the UK's summer of travel misery, food kiosk operator SSP.

Read more
14 Jul 2022 07:19

Ashmore Group reports sharp drop in AuM for Q2 amid aggressive Fed rate hikes

(Sharecast News) - Emerging markets-focused fund manager Ashmore Group reported a sharp drop in its assets under management during its fourth fiscal quarter as a result of higher geopolitical tensions, faster-than-expected inflation and more aggressive interest rate hikes by the Federal Reserve.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.