Barclays sells French retail banking business to AnaCap
12th Dec 2016 08:21
(ShareCast News) - Barclays has agreed to sell its French retail banking, wealth and investment management business to private equity group AnaCap for an undisclosed fee. AnaCap, which has been in exclusive talks over the disposal since the end of April (http://www.digitallook.com/news/news-and-anno
Read moreRBS fails stress tests, Barclays and StanChart stumble over hurdles
30th Nov 2016 07:33
(ShareCast News) - Royal Bank of Scotland has been forced to submit plans to improve its capital position after failing the Bank of England's annual stress tests, while rivals Barclays and Standard Chartered stumbled over some hurdles but not badly enough to require raising new funds. Despite these
Read moreCredit Suisse sees big Barclays rerating, neutral on Lloyds and HSBC
29th Nov 2016 10:02
(ShareCast News) - Credit Suisse initiated coverage on a number of UK banks on Tuesday, as it noted the regulatory agenda is heating up, starting with the stress test results on Wednesday, for which it reckons banks are "reasonably well placed". It started Barclays at 'outperform' with a 260p price
Read moreFTSE 100 movers: Banks and retailers pace drop
28th Nov 2016 17:08
(ShareCast News) - Banks and retailers were among the weakest segments of the market at the start of the week. Share price falls in Italian lenders ahead of the 4 December referendum on constitutional reform appeared to crystallise worries about that country´s banking system and fed negative sentime
Read moreThursday newspaper round-up: Autumn Statement, insurers, Barclays, EDF
24th Nov 2016 07:22
(ShareCast News) - Philip Hammond delivered his Autumn Statement bearing the scars of Brexit, but determined not to submit meekly to projections of a weaker economy and public finances. The chancellor's strategy raised four important economic questions. What is the likely cost of Brexit? How much he
Read moreWednesday broker round-up
23rd Nov 2016 14:29
(ShareCast News) - Anglo American: UBS reiterates neutral with a target price of 950p. Lloyds: Macquarie reiterates outperform with a 65p target. Intertek: Barclays stays at equal-weight with a 3700p target. Barclays: HSBC reiterates buy with a 190p target. Homeserve: UBS maintains neutral with a
Read moreSunday newspaper round-up: OBR, Saudi Aramco, Tesco, BAT, bonds vigilantes
20th Nov 2016 15:57
(ShareCast News) - The Office for Budget Responsibility is likely to cut its forecast for UK growth next year by the biggest margin since the peak of the eurozone debt crisis. Philip Hammond's Autumn Statement this week will see the Chancellor set out his multi-billion pound infrastructure plans and
Read moreSector movers: Banks lead gains as strategists raise US yield forecasts
14th Nov 2016 14:40
(ShareCast News) - Shares in banks and life insurance outfits continued to pace gains as Treasury yields kept moving higher in the States on expectations for a fiscal spending boost under the new Administration, pulling interest rates across the globe up with them. For the most part, analysts app
Read moreFriday broker round-up
11th Nov 2016 09:55
(ShareCast News) - Imperial Brands: JP Morgan keeps at neutral with a target price of 3660p. Standard Life: Berenberg stays at buy 416p target. Barclays: Societe Generale upgrades to buy with a 235p target. UBM: Barlcays reiterates equal-weight with a 755p target. Derwent London: Goldman Sachs ke
Read moreBarclays agrees to sell Irish insurance businesses
8th Nov 2016 11:35
(ShareCast News) - Barclays Bank has agreed to sell its Irish insurance businesses to Monument Re for an undisclosed sum. The businesses - Barclays Insurance (Dublin) Designated Activity Company and Barclays Assurance (Dublin) Designated Activity Company - provide underwriting services for payment p
Read moreSA pension fund said to seek approval to up stake in Barclays Africa
7th Nov 2016 12:44
(ShareCast News) - Public Investment Corporation - Africa's largest pension fund - has reportedly sought approval from the country's central bank to up its stake in Barclays Africa. Reuters cited two sources with knowledge of the matter as saying that Barclays wants to cut its holding to less than 2
Read moreTuesday newspaper round-up: Rolls-Royce, Carney, new bank probe
1st Nov 2016 07:00
(ShareCast News) - Rolls-Royce, Britain's leading manufacturing multinational, hired a network of agents to help it land lucrative contracts in at least 12 different countries around the world, sometimes allegedly using bribes. An investigation by the Guardian and the BBC has uncovered leaked docume
Read moreFriday broker round-up
28th Oct 2016 15:33
(ShareCast News) - Barclays: JP Morgan keeps at neutral with a target price of 190p. Standard Life: Jefferies stays at buy, 391p target. Senior: Berenberg reiterates buy with a 220p target. Imperial Brands: Deutsche Bank reiterates buy with a 4600p target. ITV: Credit Suisse reiterates outperform
Read moreJP Morgan leaves Barclays at 'neutral' after third quarter interims
28th Oct 2016 09:45
(ShareCast News) - JP Morgan Cazenove has reiterated a 'neutral' rating on Barclays but raised its target price to 190p from 175p after the lender reported its third quarter interims. Barclays on Thursday reported a 35% rise in third-quarter pre-tax profit to £837m as revenue from the fixed income d
Read moreSector movers: Volatility and rise in bond yields proves boon for banks
27th Oct 2016 15:30
(ShareCast News) - Banks paced gains as yields on longer-term government bonds continued to move higher on both sides of the Pond. In parallel, the odds of a 25 basis point rate hike by the US Federal Reserve at its 14 December policy meeting moved up to 78.5%, according to the CME´s Fed Watch tool.
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