Cavendish has reiterated its 'sell' rating on Ashmore Group (LSE:ASHM), the emerging-markets investment manager, arguing that its shares already reflect a substantial recovery in client flows and assets under management. The broker cut its adjusted EBITDA forecasts for 2027 and 2028 by around 10% after management guided to higher variable remuneration linked to gains from its seed capital portf...
Ashmore Group (LSE:ASHM) reported a steep headline earnings miss, with UBS citing weaker-than-expected performance and other fees, together with higher variable compensation costs linked to realised seed-capital gains, masking results that were otherwise mostly in line with consensus. Shares inched up 1% to 219.60p, while UBS maintained its 'neutral' rating and said the headline miss could stil...
Ashmore Group (LSE:ASHM) PLC shares recovered sharply from an early sell-off on Monday as investors weighed stronger headline profits against a weaker-than-expected underlying performance. The emerging markets asset manager initially fell to around 199p, from Friday's 218.4p close, before rebounding to 215.8p by 8.40 am, leaving the shares down just 1.2%.
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