Deutsche Bank downgrades Man Group and upgrades Ashmore

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Source: Marketwatch

Deutsche Bank AG downgraded UK wealth managers by decreasing Man Group PLC rating from buy to sell on low cash flows that may affect company's earnings. However, the bank increased the rating of Ashmore Group PLC from hold to buy on inspiring investment performance. Following the news, stocks of Man Group PLC dropped by 2.6% while shares of Ashmore gained 0.9%.

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Fri, 16 Dec 2011 15:06:10 GMT

Commodity prices will move higher in the second half next year

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Fri, 16 Dec 2011 15:04:29 GMT

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