Broker tips: AstraZeneca, Barclays, BSkyB, Hammerson
24th Apr 2014 13:09
Panmure Gordon has kept a 'hold' recommendation for AstraZeneca after a mixed first quarter from the pharmaceutical group, but said there were some 'bright lights' in the results such as its heartburn treatment Nexium. Analyst Savvas Neophytou said that Astra's portfolio performed well overall, "wi
Read moreInvestec expects no litigation charges in Barclays' first quarter results
24th Apr 2014 11:36
Ahead of Barclays' AGM, this afternoon, analyst Ian Gordon at Investec writes that: "As a generality, we regard the Barclays AGM as a circus which can be safely ignored." However, they quickly add that today's first quarter trading update was more detailed than expected and "appears to be a shade ah
Read moreShore Capital rates Barclays as a 'buy' despite capital concerns
24th Apr 2014 10:18
Shore Capital has retained its 'buy' stance on Barclays but has highlighted readacross from reports that German banking peer Deutsche Bank is under pressure from investors to raise more capital. According to the Financial Times, Deutsche Bank may be asked by European regulators to raise fresh equit
Read moreThursday broker round-up UPDATE
24th Apr 2014 09:19
AMEC: UBS ups target price from 1145p to 1200p maintaining a neutral rating. ARM Holdings: HSBC raises target price from 1080p to 1120p and keeps an overweight rating. Associated British Foods: HSBC increases target price from 280p to 310p and upgrades from neutral to overweight. Deutsche Bank rai
Read moreBarclays sees challenging conditions in FICC unit - UPDATE
24th Apr 2014 09:18
Barclays expects a 'small reduction' in adjusted profit before tax, the lender said in a brief trading update provided ahead of this morning's Annual General Meeting, which is set to start at 11:00. For Ian Gordon, analyst at Investec, the above amounts to 'a small beat'. On the negative side
Read moreThursday preview: Investors waiting on AstraZeneca and Barclays
23rd Apr 2014 18:52
Thursday will be another big day in capital markets in London. In particular, traders will be braced for the latest first quarter earnings figures out from drugs giant AstraZeneca. Analysts at Credit Suisse are forecasting core (based on their own definition) earnings per share (EPS) of $1.22 for t
Read moreBarclays 'may slash 7,500 investment bank jobs', says broker
23rd Apr 2014 11:59
Barclays could slash 7,500 investment banking jobs as part of an overhaul of its business following various scandals, a broker said on Wednesday. Barclays could cut about 5,000 of the roles at its European fixed-income, currency and commodity business, according to a research note by analysts at Sa
Read moreLondon close: Barclays rises ahead of strategy update
17th Apr 2014 16:57
- Ukraine turmoil continues as clashes turn deadly - Investors cautious ahead of four-day weekend - US corporate earnings in focus - Barclays rises as investors look forward to strategic update Market Movers techMARK 2,679.96 +1.07% FTSE 100 6,625.25 +0.62% FTSE 250 15,907.91 +1.03% UK stocks fini
Read moreFTSE 100 movers: Barclays leads banks higher on shake-up speculation
17th Apr 2014 14:07
The share price of Barclays rose strongly on Thursday amid speculation the bank could announce thousands of further job cuts in its investment banking division as part of a corporate shake-up. Barclays released a statement today which announced that it would update shareholders next month on its s
Read moreBarclays to update on group strategy, investment bank in May
17th Apr 2014 13:55
Barclays on Thursday said it will provide a group strategy update next month amid reports of further job cuts as part of the lender's restructuring. The UK lender will address institutional investors and analysts in London on May 8th. The bank's session, hosted by Chief Executive Officer Antony J
Read moreLondon midday: Markets flat as Ukraine crisis dampens risk appetite
17th Apr 2014 11:55
- Ukraine turmoil continues as clashes turn deadly - Investors cautious ahead of four-day weekend - US corporate earnings in focus - Diageo, Remy Cointreau dampen sentiment in beverage sector techMARK 2,660.88 +0.35% FTSE 100 6,581.75 -0.04% FTSE 250 15,833.37 +0.56% UK stocks were broadly flat on
Read moreBarclays boss warns of further job cuts
17th Apr 2014 10:33
Barclays Chief Executive Antony Jenkins has warned of thousands of further job cuts as part of a company shake-up. In a memo to staff obtained by Sky News, Jenkins said a review to be announced on May 8th would lay out the future of Barclays, including which of its businesses it will focus on and h
Read moreBarclays to appoint new head of remuneration committee, report says
15th Apr 2014 08:04
Barclays is set to appoint Crawford Gillies to the group's board as a Non-Executive Director and he is expected to replace John Sunderland as Chairman of the remuneration committee later this year. Gillies who holds directorships at Standard Life and Scottish Enterprise will immediately become a me
Read moreTuesday newspaper round-up: Barclays, Wheat, High-frequency trading
15th Apr 2014 06:33
In an attempt to placate shareholders' ire over the recent 10 per cent increase in its bonus pool, Barclays is to announce that it will change the head of its remunerations committee, Sir John Sunderland. He is to be replaced by Crawford Gillies, a director at Standard Life, Scottish Enterprise and
Read moreSunday newspaper round-up: Lloyds Banking, Rio Tinto, Tesco
13th Apr 2014 16:14
Lloyds Banking Group is planning to begin the sale of its TSB division in mid-May despite recent market ructions, the Sunday Telegraph said. The initial public offering would see TSB listed on the stock exchange by the end of May. Some investors are questioning the value of 1.5bn to 2bn pounds place
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