Thursday newspaper round-up: Barclays, Facebook, China
27th Aug 2015 07:09
(ShareCast News) - A district court judge in the US has thrown out investor lawsuits against Barclays and a host of exchanges, dismissing claims that the bank rigged its "dark pool" trading venue in favour of high-frequency traders. The multi-district litigation was part of a litany of claims set of
Read moreMorgan Stanley turns positive on RBS for first time in six years
26th Aug 2015 14:09
(ShareCast News) - Morgan Stanley upgraded its stance on Royal Bank of Scotland to 'overweight' from 'equalweight' and lifted its price target to 400p from 345p as restructuring enters the final furlong. The bank said this marks the first time in six years that it's turning positive on RBS. MS said
Read moreInvestec upgrades Barclays to 'buy' but prefers others
25th Aug 2015 12:09
(ShareCast News) - Analysts at Investec have upgraded Barclays to 'buy' from 'sell' and held a price target of 270p. Investec said a 15.3% three week correction was the sole reason for the recommendation change, and the bank offers a relatively modest upside on a 12 month view. "However, while we n
Read moreRBS, Barclays and HSBC among nine banks to settle forex-rigging claims
14th Aug 2015 14:52
(ShareCast News) - HSBC, Barclays and Royal Bank of Scotland are among nine banks that have agreed a settlement with US investors over foreign exchange rate rigging claims, with litigation continuing a group of 12 others that includes Standard Chartered. UBS, Citibank, Goldman Sachs, BNP Paribas, Ba
Read moreBarclays said to be cutting 150 investment bank jobs
31st Jul 2015 14:56
(ShareCast News) - Barclays is reportedly cutting about 150 jobs at its investment bank as part of an attempt to reduce costs and improve profitability. According to sources cited by Reuters, affected staff - including fund managers - were told this week, although there were no indications about whi
Read moreFTSE 100 movers: GSK and Hikma lead blue chips higher
29th Jul 2015 15:24
(ShareCast News) - The FTSE 100 index built an early lead on Wednesday and stayed in positive territory thanks to forecast-busting results from several heavyweights in the pharma, tobacco and banking sectors. London's blue chip index was up 0.57% to 6,592.54 at 1435 BST. Top of the leaderboard mid-
Read moreLondon open: US Fed in a pinch with CPI set to drop
29th Jul 2015 10:20
(ShareCast News) - Stocks in London continued to bounce back ahead of Wednesday's policy decision from the US Federal Reserve, as some analyst warned of deflation risks. Even the Shanghai Stock Exchange's Composite Index finished higher overnight, rising by 3.44% to reach 3,789.19 points. Gains were
Read moreBarclays interims impress but dividend flat as McFarlane targets accelerated change
29th Jul 2015 08:48
(ShareCast News) - Barclays first half results showed an strong increase in profits as it set aside a further £1.6bn provision for further litigation and mis-selling after paying the same amount in the period. Newly bestowed with an executive role as chairman, John McFarlane highlighted his pleasure
Read moreLondon pre-open: Subdued start expected ahead of Fed Meeting
29th Jul 2015 07:41
(ShareCast News) - Investors were expected to remain on the sidelines ahead of the conclusion of the US central bank's policy deliberations on Wednesday evening and post-meeting statement. According to the minutes of April's Federal Open Market Committee policy meeting, "most participants" have a bi
Read moreTuesday newspaper round-up: London property, Britain, Eurozone
28th Jul 2015 06:48
(ShareCast News) - David Cameron will promise today to unmask the corrupt offshore companies that are buying up luxury London properties using "plundered and laundered cash". In a vow to stop Britain from becoming a haven for "dirty money", the prime minister will disclose plans to shine a light on
Read moreLondon close: Losses in tech space, commodity weakness weigh on Footsie
22nd Jul 2015 18:21
(ShareCast News) - Weak guidance and earnings from global tech giants Apple and Microsoft together with renewed heavy falls in the commodity space dragged on the top flight index. The FTSE 100 skidded lower by a hefty 1.5% or 101.73 points to reach 6,667.34, while the FTSE 250 ended the session down
Read moreTuesday newspaper round-up: Bank of England, Capital buffers, Bank regulation
21st Jul 2015 07:54
(ShareCast News) - The Bank of England will be made to show that it is providing taxpayers with value for money under reforms unveiled today by George Osborne. Mark Carney, the governor, has agreed to open the Bank's books to the National Audit Office (NAO), bringing it into line with government dep
Read moreLondon close: Losses in commodities keep a lid on Footsie
20th Jul 2015 18:15
(ShareCast News) - Softness in commodity markets kept a lid on equities in London, with some traders pointing out there was still margin for further downside moves in the likes of oil and gold, as investors monitored events in Greece. In the afternoon the International Monetary Fund said Greece has
Read moreLondon midday: Commodities weigh on equity gains, further gold and oil downside eyed
20th Jul 2015 12:57
(ShareCast News) - Softness in commodities markets were limiting gains on equities come midday in London, with some traders pointing out there was still margin for further downside moves in the likes of oil or gold, as investors monitored events in Greece. That followed a wave of selling in gold dur
Read moreLondon open: Global banks lead early gains, Aveva rockets
20th Jul 2015 09:53
(ShareCast News) - Risk appetite in markets was muted but positive in early trading as traders' eyes turned again towards Greece given the dearth of economic data due out on Monday. Greek banks reopened their doors and limits on cash withdrawals were relaxed slightly as the country prepared to pay b
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