FTSE 100 ends up in the red as Wall Street rally muted, despite bank earnings
The footsie closed Friday down around 11 points, or 0.16%, to 6,995.
Company
LON:ASHM
Ashmore Investment Management Limited is one of the world's leading investment managers dedicated to emerging markets with a history of consistently outperforming the market. Ashmore focuses on a number of investment themes including dollar debt, local currency, special situations (incorporating distressed debt and private equity) corporate high yield and equity.
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The footsie closed Friday down around 11 points, or 0.16%, to 6,995.
Investments and investor services
It is looking like a quiet Friday, though most traders will not be looking at single-stock stories.
Investments and investor services
"Ashmore has delivered a strong operating performance over the financial year,” said chief executive Mark Coombs
FTSE 100 finished down around 41 points or 0.56%, at 7,277 as its poor run continues
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The FTSE 250 pub chain will be hoping to capitalise on strong initial trading in its new financial year, boosted by the world cup and the UK's sweltering summer
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Aside from the housebuilders, the week head will also see updates from advertising giant WPP, electricals retailer Dixons Carphone, and transport operator Go-Ahead Group
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The day ahead includes trading updates from Hays and Experian
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Aside from M&S and ASOS, the week ahead will also bring trading updates from the likes of Ocado, Burberry, Barratt Development, Experian, and JD Wetherspoon
Investments and investor services
The bank also forecast a 7-basis point reduction in the firm’s margins, above the consensus forecast of 5-basis points
Investments and investor services
Barclays has upgraded its recommendation on Ashmore but downgraded Jupiter in a note to investors on European asset managers
Investments and investor services
Numis says they consider Ashmore a long-term sector holding but still see potential headwinds: ongoing revenue margin pressures and uncertainty of future flows
Investments and investor services
Ashmore achieved the strongest quarter of net inflows since June 2013
FTSE 100 closed higher, as did it mid-cap cousin, FTSE 250
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Day ahead includes the latest UK employment and average earnings data, plus trading updates from Primark owner Associated British Foods and fellow retailer JD Sports
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Week Ahead includes trading statements from Primark owner Associated British Foods, Debenhams, and JD Sports, plus Q1 numbers from Unilever, Reckitt Benckiser and Rentokil Initial
Investments and investor services
The FTSE 100 index – which is chock full of dollar earners – closed around 108 points lower at 7,170
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Smith & Nephew, Bellway Plc and Compass are on the Thursday's agenda.
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After November's hike, another UK rate rise is unlikely this month, although some Bank of England MPC members may vote for a rise after a unanimous vote in December
Investments and investor services
London’s blue-chip benchmark closed around 13 points lower on the day at 7,755
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Day ahead includes latest UK inflation data, plus trading updates from retailers Dunelm PLC, Greggs PLC, and JD Sports Fashion PLC, as well as Johnson Matthey PLC