Ashmore share price plummets after Iran War leaves investors sitting on their hands Markets Emerging market specialist Ashmore Group suffered a sharp drop in its share price during early morning trading, after the Middle East conflict brought earlier growth to a grounding halt and caused investors to “sit on their hands”. Shares tumbled 5.6 per cent in early trading to 209.4p, after the group reported a three per cent [...]
FTSE 100 Live: Entain leads modest stock jump; Surprise growth ‘pushed to rear view’ Markets Good morning and welcome back to the City AM liveblog. Markets are betting the latest round of peace talks will bring some resolution to the conflict in the Middle East. US markets managed to clinch a record high close on the latest news of peace talks but in London the FTSE 100 splintered and finished [...]
Ashmore: Preparing for emerging market growth Emerging markets specialist Ashmore reported a decline in total adjusted net revenue of 22 per cent to £146.5m in its latest fiscal period. Net management fee income declined 19 per cent to $129.7m, (£95m) causing a margin drop to 35 basis points from the 39 recorded last year. AUM stood at $47.6bn, a 3 per [...]
Ashmore: Emerging markets giant stock jumps after beating expectations February 7, 2025 Emerging markets specialist Ashmore has once again beaten expectations despite recording yet more outflows, leading its stock price to rise 1.6 per cent. The FTSE 250 money manager’s half-year results revealed adjusted operating profit totalled £33.7m over the last six months of 2024, compared to the £31m forecast by analysts. Assets under management stood at $48.8bn (£39.2bn) [...]
Ashmore: Asset manager’s stock surges as investor withdrawals subside January 15, 2025 Ashmore stock surged five per cent in early trading this morning after the asset manager reported a sharp reduction in outflows. Investors pulled $400m (£327m) from the emerging markets specialist over the last quarter, down from $700m (£572m) in the three months before and below the $1.1bn (£900m) expected by analysts. When excluding a liquidity [...]
Ashmore rebounds thanks to emerging market surge October 14, 2024 Emerging markets-focused investment manager Ashmore saw assets surge over the last three months, turning around a years-long trend of poor performance for the asset manager. Assets under management at the fund house increased by $2.5bn (£1.9bn) over the quarter to 30 September thanks to $3.2bn (£2.4bn) of positive investment performance, with investors only withdrawing $700m [...]
Ashmore: Mixed results as emerging market withdrawals remain sky-high September 5, 2024 Emerging markets investment manager Ashmore reported a 12 per cent drop in adjusted profit before tax for the year to 30 June 2024. The group reported an adjusted profit before tax of £105.4m, below expectations of £113m and 2023’s figure of £119.4m. Ashmore has experienced years of withdrawals from investors, and the trend has shown [...]