Bank 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 moreBarclays to appoint JPMorgan's Throsby to head investment banking arm
5th Sep 2016 11:52
(ShareCast News) - Barclays has poached JPMorgan head of equities Tim Throsby to head up its investment banking division, according to reports on Monday. Chief executive Jes Staley, an ex-JPMorgan man himself, has been running the unit since March, when his new 'transatlantic' strategy saw the cr
Read moreLloyds, RBS drop on Deutsche Bank downgrades
5th Sep 2016 10:14
(ShareCast News) - Lloyds and Royal Bank of Scotland were under the cosh on Monday as Deutsche Bank downgraded the stocks to adjust for a "lower-for-longer" environment. DB pointed out that UK bank shares have been particularly volatile since the UK voted to leave the European Union, with RBS, Barcl
Read moreLawsuit alleges Barclays loaned £2.26bn to Qatar to avoid bailout
2nd Sep 2016 12:54
(ShareCast News) - Barclays Plc is alleged to have loaned £2.26bn to Qatari investors to aid their purchase of shares in the lender during the worst moments of the global financial crisis in 2008. Documents filed in the high court in the UK by PCP Capital Partners said the bank failed to disclose th
Read moreLondon close: Blue-chip miners, banks push FTSE higher as house builders fly
23rd Aug 2016 15:58
(ShareCast News) - London indices closed up thanks to heady gains among house builders after Persimmon posted robust first-half results, with miners, financials and supermarkets also on the up. While house builders dominated the top end of the blue-chip leaders' ladder, it was "miners and banks that
Read moreBarclays reaches $100m Libor-rigging settlement with US states
9th Aug 2016 12:08
(ShareCast News) - Barclays agreed to pay $100m, or £77m, to 44 US states for "fraudulent and anti-competitive conduct" in the Libor interest rate rigging scandal. The fine will be shared between 43 US states and the district of Columbia. It follows the £290m fine by the Financial Services Authority
Read moreBanks made to share 'open banking' data, cap overdraft fees, and more
9th Aug 2016 09:04
(ShareCast News) - High street banks will be forced to securely share data with their rivals and third parties, publish objective information about their services, warn customers when they are about to go into unarranged overdrafts or when they could get a better deal from another account, after the
Read moreIndustrial metals and mining shares pace advance
8th Aug 2016 17:21
(ShareCast News) - Investors continued to shift out of the more defensive segments of the stockmarket and towards cyclical sectors in the wake of the previous session´s unexpectedly strong US jobs feport for July. Industrial Metals & Mining thus received a boost as steel futures climbed. Overnight,
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