Company
LON:EMG
Man Group is an alternative investment management business with a range of funds for institutional and private investors globally.
98 stories · page 3 of 5
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The Week Ahead will also bring a trading update from AB Foods, plus final results from Standard Chartered, IAG, Persimmon, Rightmove, as well as the latest US GDP data
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Aside from the Royal Mail update, investors will also have an eye on news from Hargreaves Lansdown, Crest Nicholson and Domino's Pizza
In early afternoon trading, Funding Circle shares – which are due to join the FTSE 250 index from the start of trading next Monday – had dropped by 23.5% to 247.65p, well below its 440p float price
UBS analysts believe concerns over Man Group's second-half performance have been overblown and are more than priced into its shares at current levels
The hedge fund said funds under management rose to US$114.1bln in the quarter ended September 30, from US$113.7bln at the end of the second quarter
The FTSE 250-listed firm said its gross management and other fees rose by 26% to US$423mln in the six months to 30 June 2018, up from US$378mln a year earlier
Investments and investor services
The Footsie closed Wednesday almost 96 points lower at 7,652.
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The Fed rate decision is expected to come and go with little drama on Wednesday, with the decision from the Bank of England on Thursday more likely to cause upheaval
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Aside from the raft of banking numbers in the Week Ahead, the likes of BP, Centrica, Next, Rolls-Royce, BAE Systems and Taylor Wimpey will also continue the FTSE 100 reporting splurge
Man Group said net inflows of US$4.8bn and a US$1.2bn boost from favourable foreign exchange rates helped deliver growth in funds under management
The blue-chip fund manager reported a 23% jump in 2017 pre-tax profit to £760.2mln, up from £618.1mln and above the consensus forecast for £728.5mln
Investments and investor services
The Footsie may have mainly traded sideways throughout the day but there have been some notable movements among blue-chips.
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Day ahead includes full-year results from blue chips including broadcaster ITV PLC, housebuilder Taylor Wimpey PLC, motor insurer Admiral PLC, and mid cap estate agents Foxton's PLC
A look at some of the biggest risers and fallers today in London
"The third quarter of 2017 was a period of strong alpha generation for Man, with positive performance across the firm,” said chief executive Luke Ellis
After looking like it might regain par, the Footsie faded in the final 15 minutes of trade
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The day ahead includes quarterly trading updates from Provident Financial, Man Group and Ashmore Group
A look at some of the top risers and fallers in London in afternoon trading
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The Week Ahead includes trading updates from media firms Sky PLC and Trinity Mirror PLC, as well as news from defence group BAE Systems PLC, and minutes from the FOMC meeting
With an hour and a quarter of trading to go, the UK benchmark index was ahead 58 points at 7,430, just easing back from the afternoon peak of 7,438.90
