Monday newspaper round-up: Barclays, Deutsche Bank, BAE, PPI provisions
24th Oct 2016 07:05
(ShareCast News) - Barclays is locked in negotiations with its African subsidiary about the details of their divorce, which analysts estimate could cost the British bank as much as £1bn. Having announced in March that it planned to sell down its controlling stake in its Johannesburg-listed African o
Read moreRolls-Royce boosted as JPMorgan says it's biggest FX winner in sector
10th Oct 2016 09:33
(ShareCast News) - Rolls-Royce got a boost on Monday after JPMorgan Cazenove upgraded its price target on the stock to 890p from 835p as it took a look at the UK aerospace and defence sector. The bank said it was updating its earnings per share estimates, mostly for the recent strengthening of the d
Read moreBAE Systems provides third-quarter reassurances as Saudi talks progress
6th Oct 2016 07:04
(ShareCast News) - BAE Systems reiterated its confidence about hitting full year targets and gave encouraging platitudes about ongoing long-term contracts, including the government's politically sensitive talks about the next defence export contract with Saudi Arabia. Trading for the period has been
Read moreBAE Systems's heir presumptive picks up shares
23rd Sep 2016 16:45
(ShareCast News) - BAE's heir presumptive to its current chief, Ian King, picked up a sizeable number of shares the day after being assigned responsibility for the aerospace engineer's UK defence and cyber units. Charles Woodburn was now widely-tipped to replace Kind when he stepped down from the he
Read moreSector movers: Miners boosted by positive broker views
21st Sep 2016 14:50
(ShareCast News) - Shares in miners provided the biggest lift for the market, as at least two more top brokers weighed in with positive views on the space. Barclays upgraded its view on Anglo American and Kaz Minerals, to 'equalweight' from 'underweight' in both cases. On Anglo American, the broker
Read moreSector movers: Banks, aerospace lead losses
16th Sep 2016 16:19
(ShareCast News) - Energy-related stocks continued to retreat as crude oil futures extended their recent leg lower on the heels of reports of increasing exports out of Libya and Nigeria. West Texas Intermediate dropped 2.05% to $43.01 per barrel while Brent futures retreated 1.52% to $45.88. On 14
Read moreS&P downgrades BAE Systems´s long-term debt
16th Sep 2016 15:04
(ShareCast News) - Standard and Poor´s downgraded its rating on the long-term debt of BAE Systems because of its weak debt metrics in the face of a substantial shortfall in its pensions. The ratings agency lowered its rating on the aerospace and defence company´s debt from BBB+ to BBB but kept the o
Read moreFriday broker round-up
16th Sep 2016 10:54
(ShareCast News) - Admiral Group: Berenberg reiterates hold with a target price of 1804p. Vodafone: Barclays reiterates overweight, 260p target. Next: HSBC keeps at hold with a 4485p target. Asos: JP Morgan reiterates overweight with a 5400p target. Moneysupermarket: RBC stays at outperform with
Read moreWednesday broker round-up
14th Sep 2016 08:37
(ShareCast News) - Relx: Berenberg reiterates buy with a target price of 1600p. Standard Life: Deutsche Bank reiterates buy, 325p target. Arrow Globalik: Jefferies keeps at buy with a 359p target. Ocado: Exane BNP Paribas downgrades to underperform with a 215p target. SafeCharge: Berenberg stays
Read moreFriday broker round-up
9th Sep 2016 13:37
(ShareCast News) - Merlin Entertainments: UBS reiterates buy with a target price of 540p. Fenner: Jefferies maintains buy with a 205p target. Randgold Resources: UBS upgrades to buy with a 9750p target. Lloyds: Berenberg reiterates hold with a 55p target. BAE Systems: Goldman Sachs keeps at buy w
Read moreBAE Systems best-placed to benefit from increased spending in UK and US
5th Sep 2016 15:34
(ShareCast News) - Company-specific drivers were the reason for the European Aerospace and Defence sector´s outperformance year-to-date, but in the remainder of 2016 and in 2017 companies´ ability to 'execute' would be the deciding factor, analysts at Goldman Sachs said. In civilian aerospace, sever
Read moreMonday broker round-up
5th Sep 2016 15:25
(ShareCast News) - BAE systems: Goldman Sachs reiterates buy with a target price of 671p. Morrison: Jefferies maintains buy with a 210p target. Compass Group: UBS keeps at neutral with a 1485p target. Rio Tinto: Macquarie reiterates outperform with a 2900p target. Cobham: Goldman Sachs keeps at n
Read moreSector movers: Big Oil, Industrial Metals pace gains on heels of G-20
5th Sep 2016 15:21
(ShareCast News) - Big Oil again lent its heft to the market´s advance after Russia and Saudi Arabia unveiled an agreement to collaborate in the energy space. In a statement issued at the Group of 20 meeting in Hangzhou,China the oil producers said they would set up a working group to monitor the ma
Read moreMonday newspaper round-up: Brexit delay, UK fracking, BAE Systems
5th Sep 2016 07:02
(ShareCast News) - Banks are demanding up to five years to deal with the consequences of Britain's departure from the European Union, a move that if successful could prompt accusations of favouritism and incur the wrath of those campaigning for a swift exit. Britain's lenders are pressing to be allo
Read moreSector movers: Mining, Big Oil race to the top
26th Aug 2016 17:53
(ShareCast News) - Mining raced to the top of the leaderboard on Friday, boosted by an initial burst of volatility in global capital markets after Yellen's speech that saw the US dollar dip and commodity prices gain. Nevertheless, just after the closing bell in London rang US short-term rates change
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