Sector 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.
Read moreBarclays posts rise in third-quarter profit
27th Oct 2016 07:48
(ShareCast News) - Barclays reported a rise in third-quarter pre-tax profit as it benefited form a strong performance in its fixed trading division. Pre-tax profit for the third quarter was up 35% from the same period a year ago to £837m as revenue from the fixed income division surged 40% to £947m.
Read moreThursday preview: UK GDP, Debenhams finals, Barclays interims
26th Oct 2016 13:27
(ShareCast News) - UK economic growth is expected to slow in the third quarter amid uncertainty surrounding the Brexit vote. The Office for National Statistics' preliminary estimate of gross domestic product for the third quarter on Thursday is expected to show 0.3% growth compared to the previous t
Read moreTuesday broker round-up
25th Oct 2016 10:10
(ShareCast News) - Segro: Barclays keeps at overweight with a target price of 520p. Howden Joinery: Berenberg downgrades to hold, 450p target. Standard Chartered: Deutsche Bank reiterates sell with a 574p target. Cobham: UBS reiterates neutral with a 160p target. Cobham: Barclays reiterates equal
Read moreDeutsche Bank lifts target price for Barclays ahead of quarterly results
25th Oct 2016 08:59
(ShareCast News) - Analysts at Deutsche Bank lifted their target price on shares of Barclays ahead of the lender´s third quarter figures due out on 27 October. The broker´s analysts, David Lock and Kinner Lakhani, forecast the London-based investment bank would post profits before tax of £1,857m for
Read moreMonday newspaper round-up: Barclays, Deutsche Bank, BAE, PPI provisions
24th Oct 2016 07:05
(ShareCast News) - Barclays is locked in negotiations with its African subsidiary about the details of their divorce, which analysts estimate could cost the British bank as much as £1bn. Having announced in March that it planned to sell down its controlling stake in its Johannesburg-listed African o
Read moreInvestec upgrades Barclays to 'buy'
19th Oct 2016 09:08
(ShareCast News) - Investec upgraded Barclays to 'buy' from 'hold' and lifted the price target to 200p from 195p. The brokerage said that it acknowledges the rationale for an element of near-term caution in the context of the likely impact of a fresh PPI charge and pension headwind in the third quar
Read moreBarclays sells Italian loan portfolio
12th Oct 2016 12:11
(ShareCast News) - Barclays has agreed the sale of a portfolio of salary secured loans in Italy to IBL Banca as it looks to exit its non-strategic businesses. Barclays said the portfolio forms part of its Non-Core and comprises around £260m of gross receivables. The sale will cut non-core risk-weigh
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