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BUZZ-Man Group: buyback hopes spur next leg of outperformance

Reuters - UK Focus

** Man Group (LSE: EMG.L - news) rises as much as 6.6 pct and hits highest since Sept 2011 after Morgan Stanley (Xetra: 885836 - news) says it expects co to announce $220m buyback

** 2014's best performer on Europe's STOXX 600, Man (Swiss: MAN.SW - news) Group shares have now nearly doubled over past year

** MS's buyback figure puts co on yield of 9 pct for FY 2015

** Co rerated through 2014, with EPS growth living up to the runaway share price. Valuations remain in line with sector

** Man Group EPS chart: http://link.reuters.com/taz33w

** Fwd P/E of 13.1x, identical to sector average and below peers Aberdeen and Henderson

** Valuation chart: http://link.reuters.com/kak83w

(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)