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    EMG   JE00BJ1DLW90

MAN GROUP LIMITED

(EMG)
  Report
Delayed London Stock Exchange  -  11:35 2022-09-27 am EDT
234.50 GBX   -0.38%
09/26Man Group Plc : Form 8.3 - Ted Baker PLC
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09/26Man Group Plc : Form 8.3 - Vistry Group PLC
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09/23Man Group Plc : Form 8.3 - Ted Baker PLC
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FTSE 100 under pressure from Taiwan tensions, homebuilders

08/02/2022 | 04:50am EDT

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window)

* BP jumps on strong profit, dividend hike

* Travis Perkins slumps after H1 results

* UK Homebuilders tumble over 5%

* FTSE 100 down 0.1%, FTSE 250 off 1.0%

Aug 2 (Reuters) - The UK's blue-chip index ended slightly lower on Tuesday after U.S.-China tensions flared up and tumbling homebuilder stocks countered strong results from oil major BP.

The FTSE 100 slipped 0.1% to close out a choppy session dominated by concerns that U.S. House of Representatives Speaker Nancy Pelosi's visit to Taiwan would worsen Beijing-Washington relations.

Investors sought safer assets after China threatened repercussions if Pelosi visited the self-ruled island, which Beijing claims as its territory.

"The move by the Biden administration makes things a little more complicated in regards to its economic relationship with China," said David Madden, market analyst at Equiti Capital.

"It is worth nothing that U.S. equities have enjoyed a bullish run recently, so this mild bout of selling started from a high point."

Meanwhile, BP climbed 2.8% after its second-quarter profit soared to a 14-year high of $8.45 billion, as strong refining margins and oil trading helped it boost its dividend and share repurchases. Rival Shell gained 1.4%.

"UK has done relatively well, partly on the back of a big turnaround in energy profits. Just two years ago, BP and Shell were really struggling and now they're doing quite well. That's been a big driver," said Paul Danis, head of asset allocation at wealth manager Brewin Dolphin.

"The UK market tends to outperform when value is outperforming growth," said Danis, adding that he expects bond yields to start climbing and lend support to economically sensitive sectors such as energy and financials.

The domestically focussed FTSE 250 midcap index dropped 1.0% as shares of Man Group slid 7.9% after the fund manager flagged potential volatility in the near term.

Travis Perkins, Britain's biggest seller of building materials, fell 9.3% after downbeat first-half results.

Purplebricks declined 6.5% after the online-only estate agency reported an annual loss and warned that supply in the housing market would remain challenging.

Overall, UK's housing index tumbled 5.1% after data from mortgage lender Nationwide showed British house prices rose in July at the slowest monthly pace in a year. (Reporting by Sruthi Shankar in Bengaluru; Editing by Sherry Jacob-Phillips and Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BP PLC 0.27% 431.1 Delayed Quote.30.44%
BREWIN DOLPHIN HOLDINGS PLC 0.00% 515 Delayed Quote.39.19%
FTSE 100 -0.52% 6984.59 Delayed Quote.-4.92%
FTSE MID 250 INDEX -2.36% 17304.11 Delayed Quote.-24.52%
LONDON BRENT OIL -1.32% 85.04 Delayed Quote.11.58%
MAN GROUP LIMITED -0.38% 234.5 Delayed Quote.3.12%
MSCI TAIWAN (STRD) 0.44% 476.856 Real-time Quote.-34.31%
PURPLEBRICKS GROUP PLC 0.00% 16.73 Delayed Quote.-30.15%
SHELL PLC 1.45% 2243.5 Delayed Quote.38.33%
TRAVIS PERKINS PLC -5.12% 738 Delayed Quote.-52.52%
WTI -1.50% 77.388 Delayed Quote.1.76%
All news about MAN GROUP LIMITED
09/26Man Group Plc : Form 8.3 - Ted Baker PLC
GL
09/26Man Group Plc : Form 8.3 - Vistry Group PLC
GL
09/23Man Group Plc : Form 8.3 - Ted Baker PLC
GL
09/21Man Group Plc : Form 8.3 - Ted Baker PLC
GL
09/15Man Group Plc : Form 8.3 - Ted Baker PLC
GL
09/12Man Group Plc : Form 8.3 - Vistry Group PLC
GL
09/08Man : Addition of new team underlines strategic focus for Man GLG.
PU
09/07Man Group Appoints Rob Leach as Global Head of Capital Markets and Portfolio Manager at..
CI
09/06Man Group Plc : Form 8.3 - Vistry Group PLC
GL
08/25Man Group plc Announces Interim Dividend, Payable on September 9, 2022
CI
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Analyst Recommendations on MAN GROUP LIMITED
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Financials (USD)
Sales 2022 1 557 M - -
Net income 2022 543 M - -
Net cash 2022 268 M - -
P/E ratio 2022 6,51x
Yield 2022 5,92%
Capitalization 3 148 M 3 148 M -
EV / Sales 2022 1,85x
EV / Sales 2023 1,99x
Nbr of Employees 1 498
Free-Float 91,4%
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Technical analysis trends MAN GROUP LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 13
Last Close Price 2,52 $
Average target price 3,52 $
Spread / Average Target 39,6%
EPS Revisions
Managers and Directors
Stephen Luke Ellis Chief Executive Officer & Executive Director
Antoine Forterre Chief Financial Officer & Executive Director
John Cryan Chairman
Sandy Campbell Rattray Chief Investment Officer
Richard David Antony Berliand Senior Independent Non-Executive Director
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