Barclays 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
Read moreBank of England confirms two-layered bank stress tests for 2017
3rd Oct 2016 10:16
(ShareCast News) - The Bank of England will subject Barclays, HSBC, Lloyds, Nationwide, Royal Bank of Scotland, Santander and Standard Chartered to a two-part stress test in 2017. The BoE, which is still analysing the results of the 2016 stress tests before scheduled feedback to the banks next mo
Read moreTelefonica UK flotation of O2 gears up despite market fears
26th Sep 2016 08:26
(ShareCast News) - O2, one of Britain's biggest mobile phone providers, is nearing a flotation on the London Stock Exchange under the name Telefonica UK as Spanish parent company Telefonica hires advisers to oversee a potential £10bn flotation. Barclays, UBS and Morgan Stanley are thought to be the
Read moreBroker tips: Anglo American, Kaz, Barclays, Ocado
21st Sep 2016 15:36
(ShareCast News) - Barclays upgraded Anglo American to 'equalweight' from 'underweight' and lifted the price target to 845p from 550p on strong valuation support and solid earnings momentum, particularly from the recent rally in coking coal which leaves the balance sheet in a much better position th
Read moreHSBC ups Barclays to 'buy' on non-core disposals
21st Sep 2016 10:57
(ShareCast News) - Barclays got a boost on Wednesday as HSBC upgraded the stock to 'buy' from 'hold' and lifted the price target to 190p from 150p saying the pending disposal of Barclays Africa will be positive for sentiment. "The disposal of business held within the Non-Core businesses is a managem
Read moreWednesday broker round-up
21st Sep 2016 10:57
(ShareCast News) - Barclays: HSBC upgrades to buy with a target price of 190p. Reckitt Benckiser: UBS keeps at buy, 8000p target. Go-Ahead: Deutsche Bank keeps at buy with a 2330p target. Kingfisher: HSBC reiterates hold with a 365p target. BHP Billition: Barclays keeps at equal-weight with a 990
Read moreMonday broker round-up
19th Sep 2016 09:52
(ShareCast News) - Lloyds: Jefferies reiterates buy with a target price of 67p. Astrazeneca: UBS reiterates buy, 5480p target. Britvic: JP Morgan keeps at underweight with a 590p target. Unilever: UBS reiterates neutral with a 3380p target. IHG: HSBC starts coverage at reduce with a 2900p target.
Read moreFTSE 100 movers: Rate fears weigh on banks
12th Sep 2016 15:28
(ShareCast News) - UK blue chips were mostly in the red on Monday as investors got in a tizzy as they feared various economic and political possibilities across the Atlantic at the end of last week, sending London-listed financial stocks lower in particular. With worries about the US Federal Reserv
Read moreTuesday newspaper share tips: Lloyds, Aldermore, Hunting
6th Sep 2016 13:25
(ShareCast News) - Lloyd's Banking Group will continue to struggle as downgrades from two brokers showed, sending its shares promptly lower, according to The Telegraph's Questor column. Things had been looking up for potential investors in the bank at the start of the year as the government prepa
Read more