Advertisement
UK markets close in 4 hours 47 minutes
  • FTSE 100

    7,866.24
    +18.25 (+0.23%)
     
  • FTSE 250

    19,402.58
    +62.44 (+0.32%)
     
  • AIM

    743.90
    +0.78 (+0.10%)
     
  • GBP/EUR

    1.1685
    +0.0018 (+0.16%)
     
  • GBP/USD

    1.2473
    +0.0016 (+0.13%)
     
  • Bitcoin GBP

    49,488.28
    -1,001.71 (-1.98%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     
  • DOW

    37,753.31
    -45.66 (-0.12%)
     
  • CRUDE OIL

    81.77
    -0.92 (-1.11%)
     
  • GOLD FUTURES

    2,397.30
    +8.90 (+0.37%)
     
  • NIKKEI 225

    38,079.70
    +117.90 (+0.31%)
     
  • HANG SENG

    16,385.87
    +134.03 (+0.82%)
     
  • DAX

    17,769.06
    -0.96 (-0.01%)
     
  • CAC 40

    8,010.84
    +29.33 (+0.37%)
     

BUZZ-UK asset managers: Greece turmoil takes toll

** UK asset managers fall between 2 pct to 5 pct in early trading on worries about fund outflows on the back of a sharp deterioration in Greece

** Greece closed its banks and imposed capital controls on Sunday to stem outflows of cash

** Aberdeen Asset Management (Other OTC: ABDNF - news) was down 3.2 pct, Henderson Group (LSE: HGG.L - news) down 4.7 pct, Man Group (LSE: EMG.L - news) down 4 pct, Schroders (LSE: SDR.L - news) shed 2.6 pct, Jupiter Asset Management down 2.7 pct while Ashmore fell 2 pct

** UK FTSE 100 down 2.1 pct

** Goldman Sachs (NYSE: GS-PB - news) , citing EPFR data, says Aberdeen saw its largest net outflow this year last week

ADVERTISEMENT

** The broker repeated its "buy" call on Man Group on the back on improved performance at its GLG unit

** Greece has less than 48 hours to pay back 1.6 bln euros of IMF loans, and a default would set in train events that could lead to the country's eventual exit from the euro currency bloc (RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net)