Barclays tells clients it will not take new FX stop-loss orders
23rd Jun 2016 15:39
(ShareCast News) - Barclays reportedly stopped accepting new so-called 'stop-loss' orders from its clients dealing in foreign exchange markets. Observers believed the move was motivated both by a desire to limit its own exposure to the potential fall-out from the EU referendum as well as the need to
Read moreSocGen outlines post-referendum trade ideas
22nd Jun 2016 09:57
(ShareCast News) - Remain is the central scenario in Societe Generale's equity allocation model and the FTSE 100 is one of its preferred indices, the bank said as it outlined its equity trade ideas for both outcomes. In the event of a Brexit, SocGen expects that on 24 June and the following days, th
Read moreSunday newspaper round-up: Brexit bets, airlines, CMA probes, Lloyds lock-up
19th Jun 2016 17:54
(ShareCast News) - Currency traders are betting sterling will slip to an all-time low against the euro of €1.05-1.20 if Britain votes to leave the European Union, eclipsing Black Wednesday in 1992. Currency contracts have recently suggested that investors believe the pound will probably tumble again
Read moreFriday newspaper round-up: National Grid, Barclays, Brexit
17th Jun 2016 07:16
(ShareCast News) - MPs are calling for National Grid, the company that runs Britain's electricity system, to be broken up in a radical move they say could transform the UK's energy supply. Members of the cross-party energy select committee have said they believe that National Grid, which is one of B
Read moreTuesday newspaper round-up: Sterling, retail jobs, Barclays, Apple
14th Jun 2016 06:55
(ShareCast News) - Mounting fears that Britain will vote to leave the European Union this month have sent the cost of insurance against a collapse in the pound soaring. As the pound collapsed back towards $1.40, traders have been hedging themselves, with euro/sterling one-month implied volatility, a
Read moreInsurers and banks lead falls
10th Jun 2016 21:12
(ShareCast News) - A renewed move lower in government bond yields across the globe weighed on financials, especially UK-listed life insurers, which some analysts believed were the most exposed sector of UK equity market to falling market interest rates in the US. The yield on the benchmark 10-year U
Read moreThursday broker round-up
26th May 2016 15:53
(ShareCast News) - Great Portland States: Jefferies downgrades to underperform with a 650p target. Electrocomponents: RBC upgrates to sector perform with a 270p target. Marks & Spencer: Jefferies downgrades to underperform with a target price of 300p, Exane BNP Paribas downgrades to underperform wi
Read moreExane upgrades Barclays, says the fog is lifting
26th May 2016 11:31
(ShareCast News) - Exane BNP Paribas upgraded Barclays to 'outperform' from 'neutral' and lifted the price target 19% to 220p, having already upped the stock two weeks ago, saying things were looking brighter and the fog is lifting. Exane said Barclays' decision to cut the dividend and sell the Afri
Read moreBroker tips: Barclays, Melrose, Electrocomponents
26th May 2016 08:23
(ShareCast News) - Exane BNP Paribas upgraded Barclays to 'outperform' from 'neutral' and lifted the price target 19% to 220p, having already upped the stock two weeks ago, saying things were looking brighter and the fog is lifting. Exane said Barclays' decision to cut the dividend and sell the Afri
Read moreTuesday broker round-up
24th May 2016 14:41
(ShareCast News) - Standard Chartered: Macquarie reiterates to outperform with a 440p target. Britvic: Goldman Sachs stays at buy with a 838p target. Premier Oil: JP Morgan keeps at neutral with a target price of 61p. RBS: Deutsche Bank reiterates hold with a target of 239p. BT: Macquarie reitera
Read moreTuesday newspaper round-up: US libor case, UK fracking decision, CNH
24th May 2016 06:52
(ShareCast News) - A US appeals court has reinstated a civil lawsuit accusing 16 major banks of conspiring to manipulate the Libor benchmark interest rate. The ruling, which overturns a 2013 decision, could bankrupt the institutions, the judges warned. A lower court judge erred in dismissing the ant
Read moreFinancials lead gains as interest rate curves steepen, pound pops higher
18th May 2016 19:36
(ShareCast News) - Financials led gains in London, over on the Continent and across the Pond too, as interest rate futures continued to progressively - albeit only modestly - price-in a higher probability of a US central bank rate hike in the very near-term, perhaps as soon as the next month. As of
Read moreWednesday newspaper share tips: Lloyds, Premier Foods
18th May 2016 13:07
(ShareCast News) - UK's big banks are at a nadir in their fortunes and yet to enjoy a sustained uplift in their business, albeit with fundamentals beginning to turn north, says the Financial Times' Lex column. Mortgage, credit card and personal lending all turned a corner in 2014, and in 2015 both L
Read moreBanks to limit overdraft charges as CMA demands only small changes
17th May 2016 07:06
(ShareCast News) - Banks will be forced to limit overdraft charges and introduce a new standard technology to enable consumers to more easily switch between providers, among several measures proposed by the competition watchdog to improve competition in retail banking. Concluding its investigation i
Read moreFTSE 100 movers: Anglo leads and British Land plays catch up
16th May 2016 12:04
(ShareCast News) - The FTSE 100 had crawled to positive territory with around an hour left of Monday's session, helped by a positive start across the Atlantic. Miners led the charge among the blue chips, taking seven of the top ten spots as some market commentary suggested that disappointing Chinese
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