Tuesday preview: Barclays full year results in the spotlight
29th Feb 2016 13:54
(ShareCast News) - Barclays will take centre stage on Tuesday as it reports its full year results. UBS has pencilled in an underlying pre-tax profit of £6.84bn, compared to £5.50bn a year earlier. However, at the stated level the analyst sees the bank reporting a loss before tax of £2.016 in the fo
Read moreBarclays evaluating options for Africa business
29th Feb 2016 07:41
(ShareCast News) - Barclays noted recent media speculation regarding a potential sale of its shareholding in Barclays Africa Group Limited and said it was evaluating its strategic options. The bank, which owns about 62.3% of Barclays Africa, said it expects to update the market on Tuesday with its 2
Read moreMonday newspaper round-up: retailers, Sports Direct, BT, Brexit
29th Feb 2016 07:03
(ShareCast News) - Britain's retailers predict that almost 1m jobs in the sector - a third of today's total - will disappear by 2025 as technology and the rising minimum wage reshape the industry. Retailers currently employ one in six British workers - about 3m people - and the sector accounts for a
Read moreSunday newspaper round-up: Pound, GSK, Sainsbury's, HSBC
28th Feb 2016 17:29
(ShareCast News) - Sterling will fall to $1.28 by the end of 2016, its lowest level against the US dollar in three decades, currency strategists have cautioned. If Britain votes to leave the European Union the fall will be even worse, the Sunday Telegraph reported that Deutsche Bank analysts saw a f
Read moreFTSE 100 movers: Lloyds leads index back over 6,000
25th Feb 2016 14:15
(ShareCast News) - The FTSE 100 was back over 6,000 on Thursday, erasing losses from the previous two days. The blue-chip index was up 146.76 points (2.50%) to 6,013.94 by mid-afternoon. Lloyds Banking Group was the big riser, after it saw underlying profit increase 5% to £8.1bn during the year, wi
Read moreLloyds tops PPI complaints list at financial ombudsman
23rd Feb 2016 08:50
(ShareCast News) - Complaints about payment protection insurance continue to be made against major high street banks, data from the financial ombudsman showed, with Lloyds Banking Group a serial offender. Of the total new cases referred to the ombudsman in the six months to 31 December, 56% were
Read moreFriday newspaper round-up: SuperGroup, Google, Sainsbury's, Barclays
12th Feb 2016 07:13
(ShareCast News) - Jamie Dimon has tried to put out a fire in financials stocks, spending more than $26m to buy half a million shares in JPMorgan Chase, the bank he has run for a decade. The purchase - confirmed in a filing on Thursday evening - is the first big open-market purchase Mr Dimon has mad
Read moreFTSE 100 movers: Banking shares drive index down
11th Feb 2016 14:37
(ShareCast News) - The FTSE 100 resumed its slide on Thursday, with the blue-chip index dropping 80.51 points (1.42%) to 5,591.79 points by mid-afternoon. Banking shares were under pressure, with Barclays and Standard Chartered among the top fallers, after Societe Generale's profit warning added to
Read moreThursday 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 more