Wednesday newspaper round-up: BP, Bumi, Barclays...
30th Jan 2013 07:09
Iran believes BP-operated Azeri oil platforms have polluted the Caspian Sea and may sue the UK oil group if it continues, Iran's deputy environment minister has been reported as saying by Iranian media. Iranian officials have complained that Azeri oil has washed up on Iranian beaches over the last y
Read moreSector movers: RBS and Lloyds hit by downgrade
29th Jan 2013 16:45
Banks were taking a hit on Tuesday after Espirito Santo downgraded Royal Bank of Scotland and Lloyds, saying that the operating environment remains difficult in the face of a weak economic outlook. RBS and Lloyds are now two of the most expensive stocks under Espirito's coverage and the broker fore
Read moreFTSE 100 movers: Anglo American a strong riser
29th Jan 2013 15:37
Diversified mining group Anglo American gained despite saying it will recognise a 4.0bn dollar impairment charge in its 2012 results after completing a detailed cost and schedule review of its Minas-Rio iron ore project in Brazil. The gain appeared to be part of a wider trend, with sector peers Ev
Read moreBroker snap: Espirito Santo downgrades RBS and Lloyds to 'sell'
29th Jan 2013 15:33
While shares in Royal Bank of Scotland were being hammered on Tuesday by concerns about alleged LIBOR manipulation in the US, the stock was being weighed down further by a downgrade by Espirito Santo. Lloyds was also taken down a peg by the broker in its review of the UK banking sector. Espirito
Read moreBroker tips: Barclays, British Land, Carpetright
29th Jan 2013 11:02
Ahead of Barclays's full-year results due on February 12th, UBS has raised its target price for the stock from 315p to 325p and kept its 'neutral' rating. The broker expects Barclays to report a full-year profit before tax (PBT) of £6,909m for 2012, slightly above the consensus estimate of £6,856m.
Read moreBroker snap: UBS ups Barclays target ahead of full-year results
29th Jan 2013 10:14
Ahead of Barclays's full-year results due on February 12th, UBS has raised its target price for the stock from 315p to 325p and kept its 'neutral' rating. The broker expects Barclays to report a full-year profit before tax (PBT) of £6,909m for 2012, slightly above the consensus estimate of £6,856m.
Read moreTuesday broker round-up UPDATE
29th Jan 2013 07:26
Anglo American: JP Morgan takes price target from 1630p to 1680p, while its underweight rating remains unchanged. ARM Holdings: Jefferies raises target price from 693p to 805p keeping a hold recommendation. Astra Zaneca: Barclays ups target price from 3100p to 3200p and retains an equal-weight rat
Read moreLondon close: FTSE 100 edges closer to 6,300 after recent strong run
28th Jan 2013 16:58
Improving newsflow in China and some better-than-expected economic data from the US helped the FTSE 100 come close to the 6,300 barrier on Monday, a level not seen since mid-2008. "What seems to be an unrelenting grind higher has continued today, with fund manager's chatter of the big rotation bein
Read moreSector movers: Banks rise as Goldman lifts targets
28th Jan 2013 15:27
Banking stocks were performing well on Monday afternoon after Goldman Sachs raised target prices across the sector. Goldman labelled HSBC as a 'conviction buy' and upped its target price from 820p to 860p. Even RBS was making gains despite the US bank downgrading the stock to 'sell'. Nevertheless,
Read moreFTSE 100 movers: Banks rise as miners head lower
28th Jan 2013 14:58
Banks were putting in a solid performance on Monday after Goldman Sachs raised target prices across the sector, led by the likes of Aberdeen Asset Management and Barclays, and offsetting declines in the mining sector. BAE Systems was higher after Societe Generale moved target price from 310p to 35
Read moreSunday newspaper round-up: Barclays, Carney, BP
27th Jan 2013 16:23
Barclays is planning a swoop on the financial markets to raise billions of pounds of new capital ahead of a showdown with the Bank of England. Sources close to the bank say it could launch the move within weeks to kill off questions about its financial strength. All Britain's banks are on edge as th
Read moreBarclays forced to reveal staff on LIBOR list, court hears
24th Jan 2013 14:54
A British judge declared 'the cat is out of the bag' as Barclays was forced to identify senior staff linked to investigation into rate fixing, reports revealed Thursday. Former Barclays Chief Executive Officers Bob Diamond and John Varley were among the group of 104 of those named in connection to
Read moreLondon midday: Markets boosted by economic data from Europe and China
24th Jan 2013 11:20
London's benchmark index was registering decent gains by Thursday lunchtime as earlier concerns about disappointing earnings from Apple were outweighed by better-than-expected economy data from Europe and China. Investors began today's session in a cautious fashion with the FTSE 100 struggling to
Read moreBarclays cuts at least 70 jobs in Asian investment banking, reports say
24th Jan 2013 09:05
Barclays is slashing at least 70 jobs in Asian investment banking as the company undergoes a major shake-up, according to reports Thursday. The cuts are part of a global strategic review started by new Chief Executive Antony Jenkins, sources told Reuters. It was understood total redundancies coul
Read moreWednesday broker round-up UPDATE
23rd Jan 2013 07:05
Aberdeen Asset Management: Societe Generale downgrades to hold, while its target price of 375p is not altered. Amara Mining: Investec reduces target price from 89p to 83p and reiterates a buy recommendation. Associated British Foods: Jefferies raises target price from 1365p to 1650p keeping a hold
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