Keep 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
Read moreSector movers: HSBC leads banking stocks lower
25th Apr 2014 15:31
Banking stocks were under pressure on Friday with global lender HSBC leading the decline after a broker downgrade. HSBC was trading 2% lower at 600.5p in the afternoon session after Morgan Stanley analysts lowered their recommendation on the stock from 'equal weight' to 'underweight'. The US bank
Read moreBroker tips: Barclays, Smith & Nephew, Pearson, Ophir
25th Apr 2014 12:32
Investec has maintained a positive stance on Barclays, recommending investors to 'buy' the stock ahead of the bank's first-quarter results and 'Strategic Update' next month. "For a 'cheap' stock, you don't actually need that much to drive a reasonable share price reaction. We think the 'absence of
Read moreInvestec sees upside at Barclays ahead of Q1 results
25th Apr 2014 12:31
Investec has maintained a positive stance on Barclays, recommending investors to 'buy' the stock ahead of the bank's first-quarter results and 'Strategic Update' next month. The broker kept its 295p target price for the shares. Investec raised its forecasts for the bank on Thursday after an annual
Read moreRBS forced to back down from double fixed-pay plan
25th Apr 2014 08:54
Majority state-owned Royal Bank of Scotland has axed a plan to hand out bonuses worth double fixed-pay after the British government refused to back it. RBS said on Friday that it would not ask investors to back a variable remuneration rate of up to 200% of salaries, or two-for-one ratio, at its ann
Read moreFriday newspaper round-up: Archbishop of Canterbury, AstraZeneca, Scotland
25th Apr 2014 07:17
The Archbishop of Canterbury joined the prime minister in a staunch defence of Christian Britain yesterday, as Nick Clegg called for an end to the link between church and state. The Most Rev Justin Welby said he had found it "quite baffling" to see the vociferous response to David Cameron's "moving"
Read moreBarclays faces investor outrage over bonuses - UPDATE
24th Apr 2014 13:27
Investors led by Standard Life Investments (SLI) gave banking group Barclays a bloody nose by voting against its controversial bonus policy on Thursday. Shareholders at the bank's annual meeting in London cast 23.99% of votes against its remuneration report in protest at its decision to increase bo
Read moreBarclays investors slam bonuses at AGM - ALERT
24th Apr 2014 13:12
Barclays faces anger at annual general meeting over 2013 bonus pool: - Barclays investor Standard Life Investments says to vote against 2013 remuneration at heated meeting in London - Standard Life says Barclays has not convinced investors that the 2013 bonus pool was in the best interests of inve
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