Thursday newspaper round-up: Housing, Barclays, Reckitt Benckiser
8th May 2014 07:05
HSBC said it was on alert for the Bank of England to intervene in the housing sector amid growing concern that a collapse in the booming London market could threaten Britain's economic recovery. The bank's finance director, Iain Mackay, said: "What we are all are all waiting for or perhaps wondering
Read moreWednesday broker round-up UPDATE
7th May 2014 08:35
Balfour Beatty: Jefferies reduces target price from 403p to 233p downgrading to hold. Deutsche Bank cuts target price from 280p to 250p and leaves its hold recommendation unchanged. Numis reduces target price to 260p and retains an add rating. Barclays: Deutsche Bank lowers target price from 320p t
Read moreLondon close: Negative finish, weighed by Ukraine, Barclays, AstraZeneca
6th May 2014 16:59
- FTSE closes down 23.86 points at 6,798.56 - Barclays slumps after poor Q1 - OECD predicts 3.2 per cent growth in 2014 techMARK 2,792.09 -0.09% FTSE 100 6,798.56 -0.35% FTSE 250 15,938.69 +0.05% UK stocks ended the day in the red, dragged by developments in Ukraine and a poor performance by Barc
Read moreSector movers: Barclays and Astra drag banks and pharma stocks lower
6th May 2014 15:14
Banking and pharmaceuticals, two sectors which have performed well over recent weeks, were trading firmly lower on Tuesday with heavyweights Barclays and AstraZeneca providing a drag. Shares in Barclays were as much as 5% lower this afternoon after a much worse-than-expected drop in investment bank
Read moreFTSE 100 movers: Persimmon leads housebuilders higher
6th May 2014 14:54
Persimmon led the UK housebuilders higher today, lifted by Barclays which increased its target price on the stock from 1,333.6p to 1,530p. In a report, Barclays said: "Against an improving backdrop, the recent sell-off of house builders warrants close attention. We see strong fundamentals: greater
Read moreBroker tips: Barclays, Coca-Cola HBC, IHG...
6th May 2014 13:26
Shares in Barclays fell following Tuesday's news of a fall in first-quarter profits, but brokers are advising investors to buy the shares on hopes that its turnaround plan will bear fruit. Barclays is cutting costs and slashing jobs in a shake-up to streamline the bank and has pledged to give more
Read moreLondon midday: UK stocks pull back from two-month high
6th May 2014 11:54
- Barclays, Aberdeen, AstraZeneca, Balfour Beatty fall - Ukraine tensions continue to rise - FTSE 100 pulls back from two-month high - UK services PMI beats forecasts techMARK 2,798.81 +0.15% FTSE 100 6,811.35 -0.16% FTSE 250 15,928.23 -0.02% Falls from Barclays, Aberdeen, AstraZeneca and Balfour
Read moreKeep buying Barclays on hopes of a shake-up, analysts say
6th May 2014 10:34
Shares in Barclays fell following Tuesday's news of a fall in first quarter profits, but brokers are advising investors to buy the shares on hopes that its turnaround plan will bear fruit. The bank's stock fell 10.5p or 4% to 248p at 10:35 in London after it said a weak investment banking performan
Read moreTuesday broker round-up UPDATE
6th May 2014 08:44
Antofagasta: RBC Capital upgrades to buy with a target price of 900p. Barclays: Numis downgrades from add to hold with a target price of 280p. BG Group: Goldman Sachs ups target price from 1500p to 1530p and retains a strong buy recommendation. Britvic: Numis raises target price to 684p and keeps
Read moreLondon open: FTSE 100 retreats as Barclays and Aberdeen fall
6th May 2014 08:35
- Barclays, Aberdeen and Balfour Beatty provide a drag - Ukraine tensions cap risk appetite - FTSE 100 pulls back from two-month high techMARK 2,800.50 +0.22% FTSE 100 6,810.43 -0.18% FTSE 250 15,950.66 +0.12% UK markets opened slightly lower on Tuesday morning as traders adopted a cautious approa
Read moreLondon pre-open: Small rise expected despite Chinese data, Ukraine
6th May 2014 07:40
UK investors are set to return in a fairly upbeat mood after the bank holiday weekend as they gear up for the latest macro data and are expected to shrug off disappointing Chinese economic figures coupled with the ongoing turbulence in Eastern Europe. City sources predict the FTSE 100 will open ar
Read moreWeak investment banking hits Barclays
6th May 2014 07:08
British bank Barclays blamed a weak performance in its investment banking arm for a five per cent fall in quarterly adjusted pre-tax profit to 1.7bn pounds, although it said its retail and credit card operations did well. Barclays said bond trading, currency and commodity (FICC) income in the inves
Read moreSunday newspaper round-up: AstraZeneca, Barclays, Mothercare
4th May 2014 12:49
Pfizer is preparing to put AstraZeneca in a "bear hug" by stating it will not increase its 63 billion pounds offer without getting a closer look at the UK company's drug prospects, the Sunday Times reported. The US giant will lobby Astra's shareholders to force it to enter talks and will also talk a
Read moreSector movers: Banks rise as Lloyds impresses with first-quarter profits
1st May 2014 14:05
Well-received results from Lloyds gave the UK-listed banking sector a boost, as the domestic lender reported that underlying profits jumped by over a fifth in the first quarter. Underlying profits rose by 22% in the first three months of the year to £1.8bn, helped by a 10% rise in net interest inco
Read moreEU bank stress tests will include housing slump and economic crash
29th Apr 2014 11:20
On Monday the European Banking Authority (EBA) released its methodology on the macroeconomic scenarios to be used in the toughest stress tests for European Union (EU) banks to date, noting that the adverse scenario will combine a slump in home prices, a surge in unemployment levels and a downward sp
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