Man Group (EMG.LN): 1H Earnings
Due: Nov. 5 at 0700 GMT
Company Guidance:
Pretax Profit: $280M, down 54% ($622M in 1H 2008)
Funds under Management: $43.8B, down 35% ($67.6B in 1H 2008)
Note: Since Man Group already gave a September 30 statement on expected 1H pretax profit and funds under management, analysts are looking for updates on any further gains in the amount of money managed, particularly any net inflows from institutional clients. Man had reported its first quarterly asset growth in 15 months in the three months to September 30 and net inflows from private investors, though institutions continued to pull money. Shore Capital sees 1H dividend at 19.2 cents, flat on 1H 2008. (MCP)
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