FCA may force banks to pay minimum savings rate
25th Jul 2018 08:26
(Sharecast News) - The Financial Conduct Authority has proposed forcing banks to pay a minimum rate of interest on cash savings to stop companies taking advantage of customers.
Read moreSFO applies to reinstate charges against Barclays
24th Jul 2018 10:43
(Sharecast News) - The Serious Fraud Office has applied to the High Court to restore charges against Barclays that were thrown out in May.
Read moreChoose cautious RBS over risky Lloyds, Berenberg says
23rd Jul 2018 10:49
(Sharecast News) - UK banks are out of favour with investors but it is possible to differentiate between the riskiest, Lloyds Banking Group and Royal Bank of Scotland, whose cautious strategy is paying off, Berenberg analysts said on Monday.
Read moreBarclays plans 2,500 new jobs in Glasgow tech hub
23rd Jul 2018 08:25
(Sharecast News) - Barclays is set to create up to 2,500 jobs at its new Glasgow tech hub, doubling its current workforce in Scotland.
Read moreSector movers: Lenders' shares pace gains amid Fed chatter
15th Feb 2017 17:49
(ShareCast News) - Banks paced gains in the market on Wednesday amid a bevy of relatively confident Fed speak. "The best performing sector has been banks and financials which are leading the gainers on the back of yesterday's hawkish interpretation of Fed Chief Janet Yellen's comments to the Senate
Read moreLondon close: FTSE gains on financials as US consumer inflation surprises
15th Feb 2017 17:15
(ShareCast News) - London stocks ended Wednesday higher as investors considered news that UK's jobless rate held steady at end-2016, with forecast-busting US inflation numbers helping boost global markets led north by financials. The FTSE 100 ended the session up 0.47% or 33.85 points at 7,302.41, s
Read moreHSBC raises targets on Barclays and RBS, upgrades Lloyds
6th Feb 2017 12:55
(ShareCast News) - It remained to be seen whether the UK had successfully navigated the Brexit storm or if the calm before the storm had lasted longer than initially foreseen, but in any case the implications for UK banks now looked "very different" than they did last summer, HSBC said. To back up t
Read moreMonday broker round-up
6th Feb 2017 12:34
(ShareCast News) - Rio Tinto: Macquarie reiterates outperform with a target price of 4300p. Barclays: HSBC reiterates buy, 260p target. Restaurant Group: UBS reiterates neutral with a 310p target. Beazley: JP Morgan reiterates overweight with a 460p target. Inchcape: Deutsche Bank reiterates buy
Read moreTrump to water down Dodd-Frank regulations to lift 'burden' on banks
3rd Feb 2017 11:20
(ShareCast News) - Donald Trump is making tracks on his promise to cut business regulation, as reports suggest he is to sign an executive order on Friday which strips back the Dodd-Frank regulatory framework put in place following the 2008 financial crisis. In an interview with the Wall Street Journ
Read moreMonday broker round-up
30th Jan 2017 13:05
(ShareCast News) - BT: Barclays reiterates overweight with a target price of 475p. ITV: Jefferies reiterates buy, 230p target. Phoenix: Deutsche Bank restarts coverage at buy with a 835p target. Paragon Group: JP Morgan reiterates underweight with a 355p target. Inmarsat: Deutsche Bank reiterates
Read moreBarclays planning Dublin headquarters move post-Brexit, report says
26th Jan 2017 15:37
(ShareCast News) - Barclays has begun planning to make Dublin its European headquarters, once Britain leaves the European Union, according to a Reuters report on Thursday afternoon. Citing a source close to the matter, the news wire said Barclays was drawing up plans for a potential move but the ba
Read moreSunday newspaper round-up: Industrial strategy, May to meet Trump, Barclays, courgettes
22nd Jan 2017 15:04
(ShareCast News) - Theresa May will on Monday reveal her '10 pillars' industrial strategy that will aim to boost sector productivity. The Sunday Times said the Prime Minister's long-awaited green paper includes measures to improve skills, boost scientific research, and increasing spending on broadba
Read moreMacquarie reiterates Lloyds as top-pick, downgrades Barclays
16th Jan 2017 08:01
(ShareCast News) - Looking out to 2017, analysts at Macquarie retained their "bullish" stance on European banks, arguing that multiples in the sector were not "stretched", earnings were likely to recover further and consensus expectations were undemanding. However, their bias was for retail/commerci
Read moreTuesday broker round-up
10th Jan 2017 13:25
(ShareCast News) - Tullow Oil: UBS reiterates neutral with a target price of 260p. BT Group: Barclays reiterates overweight, 525p target. B&M European: Deutsche Bank reiterates buy with a 330p target. BP: HSBC reiterates buy with a 590p target. Royal Dutch Shell: Barclays keeps at overweight with
Read moreDeutsche Bank upgrades Barclays, says well placed for 2017 earnings growth
9th Jan 2017 07:50
(ShareCast News) - Deutsche Bank upgraded Barclays to 'buy' from 'hold' and lifted the price target to 270p from 198p, saying the company is well placed for 2017. DB said that following a year of restructuring, transition to a new reporting structure and favourable macro trends, particularly FX, the
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