Broker tips: Barclays, Homeserve, Sage
31st Oct 2011 12:13
Nomura has reiterated its buy call on banking giant Barclays, after the firm's third quarter results came in ahead of expectations. The broker notes that Barclay's traditional banking operations drove the third quarter beat, and while Barclays Capital was weak, figures were in line with forecasts a
Read moreBroker snap: Nomura, Evolution reiterate buy ratings on Barclays
31st Oct 2011 12:12
Nomura has reiterated its buy call on banking giant Barclays, after the firm's third quarter results came in ahead of expectations. The broker notes that Barclay's traditional banking operations drove the third quarter beat, and while Barclays Capital was weak, figures were in line with forecasts a
Read moreUPDATE: Monday broker round-up
31st Oct 2011 10:17
Homeserve: Citi retains sell, cuts target to 400p from 430p. Virgin Media: Citi stays at buy, lowers target to $32 from $35.7. Homeserve: Credit Suisse downgrades from outperform to neutral, target cut from 570p to 485p. Removes from small and medium cap Focus list. JJB Sports: Panmure Gordon d
Read moreLondon open: Miners weigh down Footsie
31st Oct 2011 08:58
Banking giant Barclays is a rare bright spot in London after a better than expected third quarter update, as stocks head lower. Miners Vedanta Resources, BHP Billiton, Xstrata and Rio Tinto are the biggest fallers among the top-share index constituents, as metal prices head south. Barclays said it
Read moreBarclays reduces exposure to periphery debt by 31% -UPDATE
31st Oct 2011 07:29
Bob Diamond, the chief executive of Barclays, assured the market that the company has no intention of raising new equity capital as he unveiled a 5% year-on-year increase in underlying profits before tax. Adjusted profit before tax, which excludes exceptional items such as the impact of the bank
Read moreLondon pre-open: Stocks set for dull start
31st Oct 2011 06:24
After all the excitement of last week, investors seem in the mood to take a pause for breath, with City sources predicting the FTSE 100 will open down 50 points from yesterday's close of 5,702. Banking colossus Barclays made an adjusted profit before tax of £5.07bn in the first nine months of 2011
Read moreSunday newspaper round-up: Barclays, Italy, ECB, funds, G4S
30th Oct 2011 15:46
"Investment banking revenues at Royal Bank of Scotland and Barclays have taken a significant dive during the third quarter, results this week are expected to show. Keith Bowman, banking specialist at broker Hargreaves Lansdown, believes figures from the two banks' investment banking divisions could
Read moreLondon close: Choppy FTSE 100 closes lower
28th Oct 2011 17:08
Shares finished slightly lower after a quiet day on the company news front, giving traders a chance to sit back and appraise the latest developments in the Eurozone saga. Stock markets across the globe surged higher yesterday, with the three US benchmarks rising by an average 3% last night after le
Read moreWeek Ahead: Danger of Barclays revising targets
28th Oct 2011 13:07
Barclays gets the week off to a flying start with a trading statement which, as usual, is likely to be dominated by Barclays Capital (BarCap), the investment banking arm of the organisation. Credit Suisse expects BarCap to announce "clean" revenues of £1.9bn for the third quarter, down 31% from the
Read moreLondon midday: Pause for breath after euro boost
28th Oct 2011 12:01
Shares are still flat amid a quiet day on the company news front, giving traders a chance to sit back and appraise the latest developments in the Eurozone saga. SUBDUED START AFTER YESTERDAY'S SURGE Stock markets across the globe surged higher yesterday, with the three US benchmarks rising by an a
Read moreUPDATE: Friday broker round-up
28th Oct 2011 09:13
HSBC/Standard Chartered: Citi chief economist William Buiter argues today that: "World trade is set for a prolonged boom and a marked transformation. Transaction banking and trade finance should track the direction of trade and economic growth in the long term. (...) Standard Chartered and HSBC shou
Read moreLondon open: Flat start for the Footsie
28th Oct 2011 08:40
The FTSE 100 opened flat on Friday morning following yesterday's massive 2.9% gain on the back of strong US economic data and the pivotal Eurozone agreements announced yesterday. SUBDUED START AFTER STRONG DAY ON THURSDAY Stock markets across the globe surged higher yesterday, with the three US b
Read moreLondon close: Big gains on Euro hopes
27th Oct 2011 16:43
Stocks posted big gains amid optimism following the agreements reached on the Eurozone situation last night. Banks in particular are on the attack, with Barclays and RBS posting double-digit gains. EUROZONE AGREEMENT BOOSTS THE MARKETS Working into the early hours of the morning, Eurozone official
Read moreFTSE 100 Movers: Eurozone agreement buoys market
27th Oct 2011 16:06
Kazakhstan-based copper miner Kazakhmys was rising after reporting that it should meet all output targets for the full year, despite falling production and grades across all its metal groups in the third quarter. The group, which also has interests in gold, zinc, silver and power generation, said
Read moreLondon midday: Double-digit gains for Barclays, RBS
27th Oct 2011 12:04
Stocks are posting big gains amid optimism following the agreements reached on the Eurozone situation last night. Banks in particular are on the attack, with Barclays and RBS posting double-digit gains. EUROZONE AGREEMENT BOOSTS THE MARKETS Working into the early hours of the morning, Eurozone off
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