Tuesday broker round-up UPDATE
29th Jul 2014 09:37
Abderdeen Asset Management: Berenberg cuts target price from 530p to 510p and maintains a buy recommendation. African Barrick Gold: Numis takes target price from 260p to 330p upgrading from hold to buy. Anglo American: Deutsche Bank increases target price from 1590p to 1650p and reiterates a hold
Read moreMonday broker round-up UPDATE
28th Jul 2014 11:06
African Barrick Gold: UBS ups target price from 260p to 290p and maintains a buy recommendation. Deutsche Bank cuts target price from 300p to 280p and reiterates a buy recommendation. Anglo American: UBS downgrades from buy to neutral with a target price of 1700p. Barclays: Nomura cuts target pric
Read moreMonday newspaper round-up: Smith&Nephew, Housing market, Barclays
28th Jul 2014 07:10
Medical device maker Smith&Nephew Chief Executive Olivier Bohuon expects the consolidation process in his industry to continue given that companies need to adjust their cost base. As for him, he does not waste time thinking about such possible tie-ups as such a decision is a matter for the Board to
Read moreLondon close: FTSE in red on geopolitical tensions, data
25th Jul 2014 16:59
- FTSE closes 29.91 lower at 6,791.55 - Geopolitical tensions, housing data weighs - UK Q2 GDP shows 0.8% growth techMARK 2,799.28 -0.81% FTSE 100 6,791.55 -0.44% FTSE 250 15,691.81 -0.36% UK stocks ended the final session of the week in the red as geopolitical tensions, housing data and and downg
Read moreFTSE 100 movers: RBS tops the leaders after surprise H1 profit
25th Jul 2014 15:36
RBS delivered a better-than-expected first half operating performance, but said no one at the 80% taxpayer-owned bank was "complacent about the challenges ahead". The results, which came a week earlier than scheduled, showed operating profit totalled £2.6bn, or £3.3bn excluding restructuring and l
Read moreLondon midday: FTSE in red despite GDP data, RBS results
25th Jul 2014 12:05
- FTSE down 8.42 at 6,813.04 - Q2 GDP in line with expectations at 0.8% - RBS leads, BSkyB in bottom spot - Carillion and Balfour in merger talks techMARK 2,810.19 -0.42% FTSE 100 6,814.09 -0.11% FTSE 250 15,740.00 -0.06% London's blue chips remained in the red by lunchtime despite a strong perfor
Read moreFriday broker round-up UPDATE
25th Jul 2014 09:29
African Barrick Gold: Investec places both its target price (prev.: 212p) and its sell recommendation under review. Westhouse Securities ups target price from 250p to 285p upgrading from neutral to add. Barclays: Deutsche Bank cuts target price from 300p to 275p staying with its buy recommendation.
Read moreLondon open: RBS gains limit losses on FTSE
25th Jul 2014 09:06
- Initial losses largely reversed - RBS leaps after surprise H1 profit - Eyes on UK Q2 GDP techMARK 2,814.40 -0.27% FTSE 100 6,815.84 -0.08% FTSE 250 15,757.37 +0.06% The FTSE opened in the red but losses were largely reversed following a surprise first-half profit from Royal Bank of Scotland, wh
Read moreWeek ahead: Eyes on Barclays during frantic week
24th Jul 2014 17:03
An extremely busy week lies ahead, with a tumult of the largest companies on the London stock market announcing second-quarter and half-year results. The week begins quietly enough on Monday and Tuesday, with a Reckitt Benckiser expected to post lower profits on Monday due to forex movements, an in
Read moreUK banks told to build bond buffer under new world rules
24th Jul 2014 16:17
UK banks will be required to build a buffer of loss-absorbing bonds at least as big as the capital already held under new international rules, according to a Bank of England (BoE) official. The crackdown comes as part of plans to prevent governments having to bail out banks in the event of a financ
Read moreFTSE 100 movers: Reed Elsevier leads risers
24th Jul 2014 16:06
Reed Elsevier was the top riser after it reported a 4% increase in half year revenue at constant currency and a 5% increase in the dividend. Shares in International Airlines Group climbed after an agreement was reached between the group and its main trade unions that could see as many as 1,427 job
Read moreSector movers: Banks rise on Fitch comments, accounting change
24th Jul 2014 14:59
Upbeat comments from Fitch and changes in accounting standards gave the UK-listed banking sector a boost on Thursday. HSBC was the standout performer in afternoon trade, rising 2.4%, while Barclays and RBS rose over 1%. Ratings agency Fitch said that so-called Viability Ratings (VRs) on banks in E
Read moreLondon midday: Stocks erase losses as banks and housebuilders gain
24th Jul 2014 12:04
- Banking, housing stocks provide a boost - Kingfisher, Easyjet slump after results - Ukraine still in focus as Russian sanctions discussed - Eurozone PMI improves, UK retail sales fall techMARK 2,821.65 -0.06% FTSE 100 6,802.89 +0.07% FTSE 250 15,726.48 0.00% UK stocks managed to turn around afte
Read moreUK banks to set aside a further £1bn for PPI compensation
22nd Jul 2014 12:29
The UK's biggest banks will next week announce that they have set aside a further £1bn to meet payment protection insurance (PPI) mis-selling related compensation claims, reports have claimed. According to Sky News, Royal Bank of Scotland, Lloyds Banking Group and Barclays will reveal in their hal
Read moreBarclays dark pool concerns raised months before lawsuit
21st Jul 2014 17:37
Concerns had been raised months before the New York attorney general alleged in June that Barclays lied to clients about the extent of predatory trading activity on the electronic trading venue,The Wall Street Journal reported on Monday. Stocks in Barclays slid as sources told the newspaper that tr
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