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Asset manager Ashmore released a trading update for the second quarter which analysts at Peel Hunt said pointed to "another weak quarter with regards to flows". Net outflows amounted to $1.6bn in the quarter. However, the analysts said that emerging markets were performing well with a "relatively positive outlook" for 2024. They rated it a Buy with a target price of 115p.

MORTGAGE ADVICE BUREAU

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Mortgage Advice Bureau's CFO Lucy Tilley stepped down, but will remain with the company for a six-month transition period. Analysts at Peel Hunt said she was a "key part of the management team since IPO". They noted that the investment case remains unchanged for Mortgage Advice Bureau and should be a "beneficiary of reducing UK interest rate expectations". The analysts rated it a Buy with a target price of 830p.

(c) 2024 City A.M., source Newspaper