Ashmore Group's shares recovered after an initial drop as investors balanced a 17% rise in pre-tax profit and a 28% increase in earnings per share against weaker underlying financial results. Despite a 13% growth in assets under management to $54 billion, adjusted revenue and EBITDA fell short of expectations, mainly due to lower performance fees. Broker Cavendish remains cautious with a Sell rating, though sentiment towards emerging markets and Ashmore's positioning suggest potential for future growth.
Tortoise Energy Infrastructure Corp (TYG) is rated a strong Hold because its discount to net asset value has shrunk to about 6.7%, reducing the margin of safety for investors despite solid asset quality and distribution coverage. The company offers d...
Broker Cavendish has raised its price target for Concurrent Technologies to 302p from 256p following the company's record first-half results. Concurrent saw order intake surge about 110% to £46.9 million, driven by strong demand including a major mul...
Molten Ventures PLC announced the first close of its new Growth Fund at £175 million, with the British Business Bank committing £75 million as a cornerstone investor. Molten Ventures itself has committed the remaining £100 million, targeting a final ...
XRP is approaching a key bullish technical signal known as the Golden Cross, where short-term moving averages cross above long-term ones, indicating improved medium- to long-term momentum. Currently trading around $1.40 and above its 200-day moving a...
JPMorgan delivered strong Q2 performance with a return on tangible common equity (ROTCE) of about 23%, driven by record Markets and Investment Banking revenue. Despite this, the common stock trades at a high valuation of roughly 3.2 times tangible bo...
