Thursday broker round-up
11th Feb 2016 13:52
(ShareCast News) - ARM Holdings: JP Morgan reiterates neutral with a target of 950p, Exane BNP Paribas keeps at outperform, 1300p target, Deutsche Bank stays at hold, 1000p target, Goldman Sachs maintains buy with a target of 1400p, Citigroup keeps at neutral and Bryan, Garnier & Co reiterates buy.
Read moreThursday newspaper share tips: Steer clear of banking sector
11th Feb 2016 11:35
(ShareCast News) - The Telegraph's Questor wasn't so hot on the UK banking sector as it published an in-depth look into it on Thursday The column noted that shares in the sector have fallen over 20% so far this year, due to fears about how it would cope in another downturn. It said there is an elem
Read moreThursday newspaper round-up: Facebook, Johnston Press, steel industry
11th Feb 2016 07:14
(ShareCast News) - Other EU leaders are ready to copy David Cameron's referendum tactics for their own "egotistic goals", the European Council president has said, as he sounded the alarm over populist politics bringing the bloc to the brink of "suicide". Donald Tusk's forthright warning on Wednesday
Read moreBroker tips: Barclays, Lloyds, RBS, Beazley
4th Feb 2016 15:46
(ShareCast News) - The exposure of UK banks to China and oil should not be a material concern and the prospects for dividends have improved but the likelihood of later rate hikes in the UK means their shares are now worth less, HSBC analysts said. To back-up their claim as regards China and crude oi
Read moreBarclays said to hand over Qatar documents to SFO
4th Feb 2016 15:29
(ShareCast News) - Barclays has reportedly agreed to hand over internal documents to British prosecutors, a move that could end a drawn-out investigation into a 2008 fundraising involving Middle Eastern investors. Bloomberg cited people familiar with the matter as saying the bank is in the process o
Read moreHSBC cuts price targets for Barclays, Lloyds and RBS
4th Feb 2016 12:28
(ShareCast News) - The exposure of UK banks to China and oil should not be a material concern and the prospects for dividends have improved but the likelihood of later rate hikes in the UK means their shares are now worth less, HSBC analysts said. To back-up their claim as regards China and crude oi
Read moreBarclays bids for broker TD Direct, reports say
1st Feb 2016 11:13
(ShareCast News) - Barclays has made an offer to acquire retail stockbroker TD Direct Investing, according to reports. The bank made an offer for the Canadian-owned UK stockbroker as part of plans to merge the business with its own Barclays Stockbrokers arm and create a serious challenger to Hargrea
Read moreHSBC imposes hiring and pay freeze
1st Feb 2016 11:07
(ShareCast News) - HSBC froze pay and hiring at its consumer and investment banking units as part of its plans to cut as much as $5bn from its cost base by the end of 2017, Bloomberg reported citing a spokesperson for the lender. The decision, which was announced to staff on 29 January, followed an
Read moreBarclays, Credit Suisse reach settlement over probe into dark-pools
1st Feb 2016 08:48
(ShareCast News) - The New York Attorney General was set to fine Barclays $70m (£49m) for misleading investors about its so-called 'dark-pool' trading venues, the BBC reported citing the New York Attorney General´s office. Dark pools are private trading venues that allow clients to retain their iden
Read moreBroker tips: PZ Cussons, Vodafone, UK banks
26th Jan 2016 13:06
(ShareCast News) - PZ Cussons has achieved a "solid" first half given the challenges, according to Investec. The consumer goods company reported a 0.2% dip in reported revenue to £385.9m in the first half due to foreign exchange headwinds. Pre-tax profit fell 3.7% on a reported basis to £42.1m. The
Read moreUBS ups RBS to 'buy' as it re-initiates coverage on UK banks
26th Jan 2016 09:02
(ShareCast News) - UBS re-initiated coverage on the five large UK banks, backed by new models and analytical support. It upgraded Royal Bank of Scotland to 'buy' from 'neutral', cutting the target price to 350p from 363p. UBS argued that until now, the bank's small index weight - 0.6% of the FTSE 1
Read moreFTSE 100 movers: Investors not happy with Kingfisher's transformation programme
25th Jan 2016 14:05
(ShareCast News) - The FTSE 100 started the week in the red, with the blue chip market down 21.22 points (0.36%) to 5,878.79 by mid-afternoon Monday. Shares in Kingfisher dropped after the B&Q owner announced a five-year transformation programme on Monday, saying it plans to deliver a £500m sustaina
Read moreLloyds and other lenders set to announce fresh PPI provisions, report claims
25th Jan 2016 10:20
(ShareCast News) - Britain's largest lenders are preparing to set aside billions of more pounds for provisions against the payment protection insurance mis-selling scandal, according to reports over the weekend. Insiders from Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland and Santander
Read moreBarclays to announce up to 1,200 lay-offs
21st Jan 2016 12:49
(ShareCast News) - Barclays told staff at its investment bank on Thursday that it would cut up to 1,200 positions, as part of its plans to strengthen its focus on those regions and market segments in which it could best compete. However, it aspired to remain a so-called "bulge-bracket investment ban
Read moreBarclays to let investment bankers go in London and New York
20th Jan 2016 16:09
(ShareCast News) - Barclays said it would cut investment banking jobs in London, New York and across Asia, in places such as Hong Kong and in Australia, Bloomberg reported. The lay-offs were part of a restructuring plan, the lender said, with a smaller 'bonus' pool, of possibly about 10%, having als
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