Sunday newspaper round-up: Essar, Barclays, Rolls-Royce
16th Feb 2014 17:56
The billionaire Indian Ruia family will this week offer to buy back the part of Essar Energy it does not own for less than a fifth of what investors paid for shares four years ago, the Sunday Times said. The Ruias are working on the final touches of an offer that will be a blow to the London market
Read moreUK stocks push higher after Eurozone GDP as miners gain
14th Feb 2014 11:39
- Eurozone GDP beats forecasts in Q4 - Miners surge as metal prices gain - Retailers, financials, Coca-Cola HBC lead the fallers techMARK 2,827.29 +0.12% FTSE 100 6,662.15 +0.04% FTSE 250 16,102.29 +0.45% A better-than-expected pick-up in Eurozone economic growth gave UK stocks a small boost on Fr
Read moreFriday broker round-up UPDATE
14th Feb 2014 10:26
Assura Group: Liberum Capital shifts target price from 44p to 44.40p and retains a buy recommendation. Barclays: Credit Suisse lowers target price from 270p to 260p and keeps a neutral rating. Bellway: Panmure Gordon raises target price from 1520p to 1639p and maintains a buy recommendation. UBS i
Read moreUK stocks edge lower as investors await Eurozone GDP
14th Feb 2014 09:05
- Eurozone GDP figures ahead - Italian politics in focus as PM resigns - Miners rise strongly, banks and retailers fall techMARK 2,822.53 -0.05% FTSE 100 6,650.83 -0.13% FTSE 250 16,045.41 +0.10% UK stocks opened slightly lower on Friday morning with strong gains from mining stocks outweighed by w
Read moreThursday tips round-up: Rio Tinto, Barclays
13th Feb 2014 07:36
Investors are still resentful of the mining industry's splurge on investment during the boom years. Yet Rio Tinto, under Sam Walsh, was one of the first to reign in ballooning costs and at first glance it seems to be exceeding targets. Also, unlike some other firms, such as BHP, it has explicit targ
Read moreLloyds set to announce 10 per cent increase in bonus pool
12th Feb 2014 15:58
Ahead of the release of its full year results on Thursday, Lloyds Banking Group reached an agreement with UK Financial Investments (UKFI) regarding the amount of bonuses which it will be allowed to pay out. The lender will announce its intention to pay out just under £400m in bonuses, an approxima
Read moreBroker tips: Barclays, Tullow, Morrison
12th Feb 2014 13:06
UBS has cut its target price for Barclays from 295p to 280p and retained a 'neutral' rating after reducing forecasts for the banking group following its 2013 results. Analyst John-Paul Crutchley said: "We believe the market was looking for two things from Barclays: a balance sheet restructuring to
Read moreUBS cuts Barclays target, raises concerns over returns
12th Feb 2014 10:26
UBS has cut its target price for Barclays from 295p to 280p and retained a 'neutral' rating after reducing forecasts for the banking group following its 2013 results. Analyst John-Paul Crutchley said: "We believe the market was looking for two things from Barclays: a balance sheet restructuring to
Read moreWednesday tips round-up: Barclays, Thomas Cook, Babcock
12th Feb 2014 07:20
Don't try to please everyone, at best you will only please some of them some of the time. The advice given to most children holds true for Barclays Chief Executive Antony Jenkins. Since taking the helm in 2012 he has undertaken measures to please most stakeholders in the lender: government (regulato
Read moreWednesday newspaper round-up: Blinkx, RBS, Barclays...
12th Feb 2014 07:03
Blackrock has thrown its weight behind Blinkx by raising its stake in the under-seige internet video company to 13 per cent. The global investment house, which is Blinkx's biggest investor, announced that it has bought another five million shares, adding to its 11.6 per cent stake. - Daily Telegraph
Read moreStocks rise as Yellen strikes balanced tone, tensions in China ease
11th Feb 2014 17:24
- Yellen: Tapering to continue as long as incoming data supports - Precious metal miners track metal prices higher - Retailers gain after economic data - Barclays drops seven per cent after 2013 results disappoint techMARK 2,836.39 +1.06% FTSE 100 6,672.66 +1.23% FTSE 250 16,078.28 +1.05% UK ma
Read moreBarclays and Santander face risk from "Fragile 8" - Fitch
11th Feb 2014 15:06
Several European banks including Britain's Barclays and Spain's Santander may be at risk from problems in more vulnerable emerging markets dubbed the "Fragile 8", rating agency Fitch claims. Fitch said Barclays, Santander, BBVA, Standard Chartered and Unicredit all have material exposure to one or
Read moreFTSE 100 movers: Barclays dives on poor results
11th Feb 2014 14:50
Barclays was the big faller of the day after the banking giant posted a worse-than-expected 32 per cent fall in 2013 adjusted pre-tax profit, with costs coming in higher than predicted. The group also unveiled its plan to cut between 10,000 and 12,000 job this year, 7,000 of which will be in the UK.
Read moreBroker tips: Barclays, Prudential, ICAP, Thomas Cook
11th Feb 2014 12:48
Numis Securities has maintained a 'hold' rating and 274p target price for banking giant Barclays after the company's annual profits came in lighter than expectations. However, despite the bottom-line 'miss', Analyst Mike Trippitt said he was "encouraged" by the progress the company has made on its
Read moreAnalysts seem to focus on profitability of Barclays' investment bank
11th Feb 2014 12:35
Below is a round-up of various analysts' reactions to Barclays' full-year figures: Richard Hunter, Head of Equities at Hargreaves Lansdown Stockbrokers Hunter pointed out how multiple factors contributed to the drop in profits, highlighting the hit taken by investment banking income due the poor r
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