Wednesday broker round-up
20th Jul 2016 09:29
(ShareCast News) - Centrica: Berenberg reiterates buy with a target price of 230p. Rio Tinto: Deutsche Bank maintains buy with a 3160p target. IG Group: RBC reiterates sector perform with a 865p target. SSP: JP Morgan stays at overweight with a 358p target. Vodafone: Deutsche Bank reiterates buy
Read moreBarclays plans to sell its Egypt unit
19th Jul 2016 16:35
(ShareCast News) - Barclays bank has put its Egyptian unit up for sale with interest from two banks from the Middle East and North Africa having surfaced. According to Reuters, Emirates NBD had showed interest in a possible acquisition and had sought advice from Perella Weinberg Partners, which work
Read moreBritish workers lack digital skills, according to Barclays
19th Jul 2016 11:56
(ShareCast News) - British employers are failing to train their staff up to the level of digital skills they require to do their jobs, according to a poll by Barclays. The shortage of digital skills is costing the UK around £63bn a year in lost economic activity. The online poll of 10,000 people ind
Read moreCapita bumps up forecast for 2016 dividends, mid-caps to take Brexit hit
18th Jul 2016 12:28
(ShareCast News) - The fall in sterling following Brexit would deliver an immediate boost to the value of companies' dividend payments but potential recessionary pressures would hit profits and dividends from UK-focused mid-caps hardest, Capita said in its second quarter 2016 Dividend Monitor. De
Read moreLondon close: Banks, financials and property fly amid BoE rate-cut chatter
7th Jul 2016 16:38
(ShareCast News) - UK shares flew north with Associated British Foods leading blue chips on a chipper update and chased by a peloton of banking, financial and property stocks on rising expectations of a Bank of England rate-cut next week. "Today marks the first day since the (non-binding Brexit) ref
Read moreMorgan Stanley queries real-economy demand for lending amid Brexit
6th Jul 2016 18:23
(ShareCast News) - Investment bank Morgan Stanley has questioned whether there will be real-economy demand to borrow from banks given Brexit-induced uncertainty, regardless of Bank of England's recent bid to stoke such lending. As such, Morgan Stanley, which has taken a cautious post-Brexit stance o
Read moreFormer Barclays staffers convicted for Libor rigging
4th Jul 2016 14:37
(ShareCast News) - Three former Barclays employees have been convicted as guilty at Southwark Crown Court for manipulating the Libor interest rate in the period 2005-2007. Banks use the Libor rate to set prices for financial products. Jonathan Mathew, Jay Merchant, and Alex Pabon were convicted las
Read moreSunday newspaper round-up: Brexit, BoE, LSE, housebuilders, Rio Tinto, Go-Ahead
3rd Jul 2016 16:58
(ShareCast News) - A group of businesses is preparing a legal challenge to prevent the government from beginning Brexit negotiations without an act of parliament. The action, brought by law firm Mishcon de Reya, would potentially complicate Britain's path to leaving the EU, given that a majority of
Read moreBarclays has no plans to move jobs due to Brexit
30th Jun 2016 15:13
(ShareCast News) - Barclays has no plans to move jobs out of the UK due to Brexit, chief executive Jes Staley said on Thursday. "We are a British bank, our history is here in the UK so first and foremost we are staying anchored in London and anchored in Great Britain," Staley told BBC News. Since t
Read moreBroker tips: ITV, Randgold Resources, Fresnillo, UK banks
27th Jun 2016 17:00
(ShareCast News) - Nothing had changed with respect to ITV's fundamentals following Brexit despite the approximately 20% share price drop on 24 July, analysts at Liberum said, as they stood by their 'buy' recommendation and 375p target on the stock and singled it out as a 'top-pick'. That was true e
Read moreLondon close: Stocks still trying to find their footing
27th Jun 2016 16:41
(ShareCast News) - London stocks took another hit, with traders for now largely ignoring attempts by George Osborne to reassure global investors, as financial markets continued to look for answers to the current uncertainty, both economic and political. The FTSE 100 closed down by 158.40 points or 2
Read moreMortgage lending resilient in May but likely to fall post referendum - CML
27th Jun 2016 10:37
(ShareCast News) - Mortgage lending remained resilient in May as banks and building societies lent more than in April and than in May last year. Gross mortgage lending swelled to £18.2bn in May, the Council of Mortgage Lenders estimated, up 3.6% from the preceding month and 13.6% higher than this ti
Read moreSocGen downgrades European banks, reviews ratings on UK banks after Brexit
27th Jun 2016 09:56
(ShareCast News) - Banks in London took another beating on Monday as investors mulled over the implications of the UK's decision to leave the European Union, with ratings downgrades across the board. Societe Generale was among those issuing downgrades. It cut its stance on Royal Bank of Scotland to
Read moreRBS and Barclays share trading halts after falls on Monday
27th Jun 2016 09:36
(ShareCast News) - Trading in Royal Bank of Scotland and Barclays shares was automatically halted in London on Monday morning on volatility after their share prices continued to crater. RBS was temporarily halted after falling 14.2%, while Barclays was down 11.5%. On Friday, Barclays shares were sus
Read morePrivate investors using Brexit selloff as buying opportunity, says Hargreaves Lansdown
24th Jun 2016 14:15
(ShareCast News) - Private investors are using Friday's Brexit-fuelled stock market selloff as a buying opportunity, according to Hargreaves Lansdown's senior analyst, Laith Khalaf. He said 80% of the trades placed through HL's share dealing service were purchases, compared to 60% on an average day.
Read more