Ashmore AuM falls in FY25, Berkeley reiterates FY guidance
By Iain Gilbert
Date: Friday 05 Sep 2025
(Sharecast News) - LONDON PRE-OPEN
The FTSE 100 was expected to open 16.5 points higher ahead of the bell on Friday after wrapping up the previous session 0.42% stronger at 9,216.87.
STOCKS TO WATCH
Asset manager Ashmore reported a 3% fall in assets under management driven by net outflows of $5.8bn amid market turmoil highlighted by US tariffs. AuM came in at $47.6bn, resulting in a 15% fall in pre-tax profit to £108.6m for the year to June 30.
Housebuilder Berkeley has reiterated its full-year profit guidance after "stable" trading over the first four months of its financial year. Berkeley said it was on track to hit pre-tax earnings guidance of £450m for the 12 months to 30 April, 85% of which was already secured through exchanged sales contracts, with a similar profit expected next year.
NEWSPAPER ROUND-UP
Strikes by tube staff are due to start on Friday, in a series of walkouts that are expected to close the London Underground entirely for four days from Monday. Londoners have been urged to check before travel next week, with virtually no tube services expected to run and other transport in the capital likely to be affected by crowding and congestion. - Guardian
The US Justice Department has initiated a criminal investigation into mortgage fraud claims against Federal Reserve governor Lisa Cook as a lawsuit she filed against Donald Trump over her firing makes its way through court. Lawyers with the Justice Department have issued subpoenas for the investigation, according to the Wall Street Journal, who first reported the investigation, which has since been confirmed by multiple news publications. - Guardian
Britain's biggest wind farm operator is suing the US government after Donald Trump blocked its plans for a major project off the coast of New England. Ørsted, which is headquartered in Denmark, filed a legal claim at a court in Washington seeking to force US officials to allow it to finish a $1.5bn (£1.1bn) wind farm project near Rhode Island, which is almost complete. - Telegraph
Mike Lynch's former right-hand man has paid $104m (£77m) to end a 10-year fraud battle over the sale of the British software giant Autonomy. Sushovan Hussain handed the nine-figure settlement to HP's two successor companies, US stock exchange filings have revealed. - Telegraph
Alex Gerko, the British billionaire trader, is offering to pay students $35,000 a month for internships researching artificial intelligence at his New York office. Gerko's XTX Markets, an algorithmic trading firm which uses machine learning technology to produce price forecasts for financial instruments, has published an advertisement for the internship, which lasts for 12 to 14 weeks. - The Times
US CLOSE
US stocks pushed higher on Thursday, rallying in afternoon trade to send the S&P 500 to a new high, after a raft of weak economic data raised hopes for an imminent rate cut by the Federal Reserve.
At the close, the Dow Jones Industrial Average was up 0.77% at 45,621.29, while the S&P 500 advanced 0.83% to 6,502.08, and the Nasdaq Composite saw out the session 0.98% firmer at 21,707.69.
Reporting by Iain Gilbert at Sharecast.com
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