Goldman Sachs trims Barclays target price, keeps at 'conviction buy'
30th Oct 2015 10:40
(ShareCast News) - Analysts at Goldman Sachs lowered their target price for shares of Barclays after the group guided to above consensus on costs, but gave short shrift to concerns about the now lower target from the lender for return-on -equity. The group lowered its target for return-on-equity to
Read moreFriday broker round-up
30th Oct 2015 10:19
(ShareCast News) - Barclays: Goldman Sachs reiterates to buy. Target price: 335.00p. Bt Group: Citigroup reiterates to neutral. Target price: 485.00p. Smith & Nephew: Credit Suisse reiterates to neutral, cuts target price to 1105.00p. Henderson Group: Citigroup reiterates to buy, keeps target pric
Read moreBarclays third-quarter profit declines on settlement costs
29th Oct 2015 07:46
(ShareCast News) - Barclays posted a drop in third-quarter pre-tax profit as the cost of claims settlements weighed on results and revenues fell. Third-quarter adjusted pre-tax profit slid to £1.43bn from £1.59bn in the same period last year, missing the average forecast of £1.65bn from analysts pol
Read moreLondon pre-open: FTSE to open down a touch as investors digest FOMC statement
29th Oct 2015 07:35
(ShareCast News) - London stocks are expected to open a little lower on Thursday as investors digest the Federal Reserve's latest rate announcement and accompanying statement. The FTSE 100 is called to open down five points from Wednesday's close at 6,433. "In September the Fed gave us a dovish hol
Read moreBarclays confirms appointment of new CEO Jes Staley
28th Oct 2015 07:48
(ShareCast News) - Barclays confirmed the appointment of former JP Morgan investment banking head Jes Staley as its new chief executive, replacing Anthony Jenkins almost four months after his forced departure. Boston, Massachusetts-born Staley worked for more than three decades at JP Morgan, beginni
Read more"Technical difficulties" hit Barlcays customers
25th Oct 2015 12:00
(ShareCast News) - Barclays was experiencing technical difficulties over the weekend, the company said on Twitter. The issues, which were affecting "some services" are being "investigated urgently", it told customers. Its banking apps and online banking services were "running smoothly", the lender
Read moreUK bank sector lacking competition but CMA report falls short of major changes
22nd Oct 2015 07:51
(ShareCast News) - Consumers and small businesses are still suffering from a lack of competition in the UK banking sector, competition authorities said in a report on Thursday that called for banks to retain free bank accounts and making proposals to force banks to help customers to shop around for
Read moreWednesday newspaper round-up: Europe, British steel, Barclays
21st Oct 2015 07:09
(ShareCast News) - Britain's leading business group has defied government demands to downplay its campaign for the UK to remain in the European Union. In a move that will escalate tensions between the CBI and Sajid Javid, the business secretary, the group publishes a dossier today stating that most
Read moreLondon close: Footsie underperforms on weakness in commodities
19th Oct 2015 16:44
(ShareCast News) - The top flight index underperformed as commodity markets weakened on the back of soft Chinese fixed asset investment and industrial production figures. By the closing bell the Footsie was to be seen down by 25.71 points at 6,352.33. In the commodities space meanwhile, three-month
Read moreMonday newspaper round-up: Barclays, China, Dividends
19th Oct 2015 07:11
(ShareCast News) - The trial of six former Barclays bankers accused of rigging international borrowing rates is on a knife edge as barristers for half of the defendants have yet to agree fees for the case weeks before it begins. Barristers acting for Jonathan Mathew, Stylianos Contogoulas and Alex P
Read moreBank of England sets GBP2.2bn retail bank ring-fencing requirement
15th Oct 2015 09:35
(ShareCast News) - Proposals by the Bank of England would require the UK's big banks to hold up to £3.3bn of capital under new ring-fencing rules designed to make their retail operations more resilient to potential market crashes. From 1 January 2019, banks with core deposits greater than £25bn from
Read moreLondon close: Stocks close lower on UK deflation, weak Chinese trade data
13th Oct 2015 16:12
(ShareCast News) - The FTSE 100 ended down 28.90 points to 6,342.28 on Tuesday as September data showed the UK experienced deflation and China's exports and imports declined. The Office for National Statistics said the UK consumer price index fell 0.1% year-on-year last month, compared to analysts'
Read moreFTSE 100 movers: SAB surges on AB InBev agreement; Royal Mail slumps
13th Oct 2015 13:59
(ShareCast News) - London's FTSE 100 was down 1.1% by mid afternoon at 6,304.21 as uninspiring Chinese trade figures and UK inflation data weighed on investors' minds. London-listed brewer SABMiller surged after it agreed in principle to a possible £44 per share takeover offer from Belgium-based Anh
Read moreLondon midday: Equities fall as UK slips into deflation
13th Oct 2015 11:28
(ShareCast News) - The UK equities market was under the cosh as the nation unexpectedly slipped into deflation in September. The Office for National Statistics revealed the consumer price index fell 0.1% year-on-year last month, compared to analysts' estimates for a flat reading in line with August.
Read moreBarclays says search for new chief still ongoing, despite reports
13th Oct 2015 07:56
(ShareCast News) - Reports suggesting Barclays was set to name US investment banker Jes Staley as its new chief over the coming fortnight weighed on the lender's shares, prompting a reaction. The lender responded to the press speculation in the afternoon, saying in a statement that "the process of a
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