Sector movers: Banks lead gains as Gilt yields resume rise
3rd Jan 2017 15:02
(ShareCast News) - Banks spearheaded gains as government bond yields jumped back following the declines seen at the end of 2016 amid stronger-than-expected readings on economic activity and prices on both sides of the Atlantic. As of 1543 GMT the yield on the benchmark 10-year Gilt was up 11 basis p
Read moreBarclays, Google remain committed to UK post-Brexit but growth reaches 4-year low
28th Dec 2016 14:02
(ShareCast News) - Barclays and Google have reaffirmed their commitment to Britain after the country voted to leave the European Union, but a survey revealed that growth since the referendum has reached a four-year low. Matt Brittin, president of Google in Europe, said that Britain was attractive du
Read moreUS sues Barclays for mortgage securities fraud
23rd Dec 2016 07:19
(ShareCast News) - The US Department of Justice has filed a lawsuit against Barclays and two of its former executives on civil charges of fraud in the sale of mortgage-backed securities in the run-up to the financial crisis. Barclays said on Friday that it rejects the claims made in the complaint an
Read moreRBS, Barclays among banks fined by Swiss regulator for rate rigging
21st Dec 2016 09:19
(ShareCast News) - Royal Bank of Scotland and Barclays were among the banks fined CHF99m (£78m) by the Swiss competition regulator for interest rate rigging in four separate cartels. The regulator, COMCO, also fined US banks JP Morgan Chase and Citigroup, Deutsche Bank, Societe Generale and Credit S
Read moreWednesday broker round-up
14th Dec 2016 17:55
(ShareCast News) - Hargreaves: Barclays reiterates overweight with a target price of 1560p. Barclays: Exane BNP Paribas downgrades to neutral, 245p target. Domino's Pizza: Berenberg reiterates buy with a 425p target. Booker: Goldman Sachs reiterates buy with a 200p target. Paysafe: Barclays keeps
Read moreBroker tips: B&M, Capita, Barclays
14th Dec 2016 12:04
(ShareCast News) - B&M European Value Retail's shares received a boost on Wednesday after Canaccord Genuity raised its rating on the stock to 'buy' from 'hold' and lifted the target price to 295p from 265p. Canaccord said it remains positive on the variety retailer's UK prospects and is "sanguine" o
Read moreBarclays slumps as Exane downgrades rating to 'neutral'
14th Dec 2016 08:41
(ShareCast News) - Barclays shares were under pressure on Wednesday as Exane downgraded the stock to 'neutral' from 'outperform' but raised the target price to 245p from 228p. Exane said it had become more positive on Barclays earlier in the year due to an improved capital outlook after being "cau
Read moreMonday broker round-up
12th Dec 2016 15:55
(ShareCast News) - Greencore: Berenberg reiterates buy with a target price of 350p. Talk Talk: UBS reiterates neutral, 160p target. Barclays: JP Morgan reiterates neutral with a 215p target. Bunzl: Deutsche Bank reiterates buy with a 2450p target. Old Mutual: Barclays downgrades to equal-weight w
Read moreBarclays 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
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