Category Archives: United Kindom

Aberdeen slips on fears of a dividend cut

Fears of a dividend cut pulled Aberdeen Asset Management to a five-month low. The shares extended a loss that began on Monday when Martin Gilbert, Aberdeen’s chief executive, said asset managers were facing higher capital requirements so there were “no promises” that he would keep next year’s payout flat at 19.5p a share. “I think we’ll be able to maintain…

Reshuffle on the cards for FTSE 100 shows 2016’s rough hand

The last reshuffle of 2016 for London’s main stock indices takes place on Wednesday, and some of the changes on the cards are very revealing about the hand dealt to investors in the final quarter of the year. One of the stocks most likely to drop off the FTSE 100 and into the FTSE 250 — precious metals miner Polymetal…

Poor performance of flagship funds drags Man lower

Hedge fund manager Man Group hit a one-month low on Monday as worries grew about the poor performance of its flagship funds. AHL Diversified, Man’s biggest fund in its $2.2bn quantitative group, is down nearly 9 per cent in the year to date and is heading for its fifth annual decline in six years. The weak run puts it 20…

AstraZeneca climbs on new hopes for drugs pipeline

AstraZeneca was a gainer on Friday after Liberum argued that investors have already written off the group’s cancer drugs pipeline. Liberum added AstraZeneca to its “buy” list with a £52 target. With the stock down 20 per cent since September, the market has priced its high potential immune-oncology portfolio at zero, Liberum said. The broker conceded that Mystic, a pivotal…

Direct Line climbs as house broker turns positive

Motor insurer Direct Line led the FTSE 100 higher on Thursday after its joint house broker turned positive. “We think the market is missing the improving quality of earnings and resulting future dividend growth,” said Morgan Stanley, which had been cautious on the stock for more than six years. Direct Line’s shift towards growing its own-brand business will lead to…

Hunting gains on hopes of US shale gas revival

Hunting was a gainer on Wednesday amid hopes that the revival of America’s shale gas industry could lift the rig equipment maker back into profit by early next year. Credit Suisse turned positive on Hunting. Having paid a severe price for over-investment through the past cycle, Hunting is emerging from the downturn as a more operationally geared and cash-generative business,…

Investors sell UK debt after surge in gilt sales is revealed

Investors sold UK sovereign debt after the Autumn Statement revealed a bleak picture for the nation’s public finances and a larger than expected increase in planned gilt sales. The UK will lift gilt sales in 2016/17 by £15bn to £146.5bn through four extra auctions and one new syndicated sale. Treasury bill sales will rise by £5.6bn. On Wednesday, the yield…

Autumn Statement: stock market winners and losers

The chancellor’s swipe at letting agent fees during the Autumn Statement sent shares in estate agents sinking even lower this afternoon, but new tax breaks to encourage more investment in broadband infrastructure made would-be BT rival CityFibre one of the afternoon’s biggest winners. The FTSE 100 has retreated slightly to be down 0.02 per cent at publication time, from a…

Equities firm and oil prices rise

European stocks are following a positive Asian session as global investor sentiment is buoyed by simultaneous record highs for Wall Street’s main equity gauges. A steadier dollar and further gains for oil prices are supporting the chipper mood. After the FTSE Asia Pacific index rose 0.8 per cent, the pan-European Stoxx 600 is advancing 0.7 per cent. Germany’s Dax is…

Anglo American shares lead FTSE 100 on De Beers optimism

Mining stocks were the top performers on Tuesday with Anglo American leading the FTSE 100 risers on refreshed optimism about its De Beers business. Day two of Anglo’s analyst tour of Africa took in its flagship Jwaneng diamond mine and sales hub in Botswana. Management at its De Beers diamonds business were “cautiously optimistic” about Christmas, having successfully cleared an…