Sunday newspaper round-up: Supermarkets' property, Lloyds, UBM
26th Jan 2014 16:51
US activist investors are plotting to force Tesco, Sainsbury's and Morrisons to split off their property holdings, the Sunday Times reported. The plan, led by activist fund Elliott, would require them to put their property holdings into separate companies and to sell minority stakes on the stock exc
Read moreWednesday broker round-up UPDATE
22nd Jan 2014 08:33
Admiral Group: Numis raises target price from 1425p to 1710p upgrading from add to buy. African Barrick Gold: Deutsche Bank moves target price from 180p to 190p and keeps a hold recommendation. RBC Capital takes target price from 220p to 250p and maintains an outperform rating. JP Morgan ups target
Read moreLondon close: FTSE 100 edges higher after quiet session
20th Jan 2014 16:45
- FTSE 100 within touching distance of 14-year high - Banks fall after Deutsche Bank's Q4 loss - Chinese growth slowed down in Q4 - UK outlook improves - HSBC highlights potential risks from too-low inflation readings techMARK 2,853.67 +0.09% FTSE 100 6,836.73 +0.11% FTSE 250 16,227.11 +0.25% It
Read moreBroker snap: Goldman highlights HSBC as top pick among UK banks
20th Jan 2014 16:37
Goldman Sachs has named HSBC as its preferred pick among UK banks on a long-term perspective, after analysing the financials across the sector since 1990. Analysts from the US firm said that UK banks under their coverage have booked £44.5bn of notable and non-recurring charges since 1990, equivalen
Read moreFTSE 100 movers: Banks lower after Deutsche Bank profit warning
20th Jan 2014 15:30
Fears that poor results from Deutsche Bank could mean poor updates from banks across Europe weighed on the sector continent-wide on Monday, Barclays included. The German lender revealed a fourth quarter pre-tax loss of €1.15bn, which Ishaq Siddiqi, a Market Strategist at ETX Capital, described as a
Read moreBroker snap: JPM takes cautious view on RBS, but hikes target
20th Jan 2014 14:52
JPMorgan Cazenove saw a positive earnings outlook for domestic UK banks in 2014, driven by the economic recovery at home, its analysts wrote to clients on Monday. They expected to see a multitude of positive developments as a result of the above, including: improving net interest margins (NIM) and
Read moreLondon midday: Markets tread water on quiet day, but banks fall
20th Jan 2014 11:38
- Volumes light with Wall Street closed for MLK Day - Chinese GDP growth slows down - UK business optimism improves, IMF to raise UK forecasts - Deutsche Bank surprises with Q4 loss techMARK 2,851.04 0.00% FTSE 100 6,831.82 +0.04% FTSE 250 16,212.26 +0.16% Stocks were rangebound on Monday morning
Read moreLondon open: Banking stocks limit upside as markets open flat
20th Jan 2014 08:18
- Banks fall after Deutsche Bank Q4 loss - US markets closed for MLK Jr day - Chinese data points to slowdown techMARK 2,857.04 +0.21% FTSE 100 6,828.28 -0.01% FTSE 250 16,219.04 +0.20% UK equities opened more or less flat on Monday on what is set to be a quiet day with Wall Street closed later on
Read moreFormer Barclays executive sets up new bank
20th Jan 2014 07:31
Former Barclays executive Richard Davies is said to be setting up a new bank for small and medium-sized businesses (SMEs), according to Sky News on Monday. Davies, who was head of the UK operations in Barclays' corporate bank before resigning in November, has established OakNorth. OakNorth has se
Read moreMonday newspaper round-up: Vodafone, China GDP, Barclays
20th Jan 2014 07:20
Britain's biggest telecoms company has put its audit contract on the market for the first time in 26 years, as politicians at home and in Brussels ramp up the pressure on companies to break cosy ties with the firms that check their books. Vodafone, the second-biggest public company in Britain, has a
Read moreBroker snap: 'Sell' RBS ahead of next month's results, says Investec
17th Jan 2014 15:47
Investec has downgraded its rating for UK banking group Royal Bank of Scotland (RBS) from 'hold' to 'sell', reminding investors of the rule: 'Never own RBS into the numbers!' "'Short RBS' may be a crowded trade but after a 19% one-month 'spike', we think it (once again) looks attractive," said Anal
Read moreLondon close: BSkyB leads markets higher after decent economic data
14th Jan 2014 16:31
- Markets at highest level since October 30th - UK inflation falls to BoE target - Eurozone industrial production, US retail sales beat forecasts - UBS highlights potential M&A at BSkyB techMARK 2,818.48 +0.54% FTSE 100 6,766.86 +0.14% FTSE 250 16,236.02 -0.12% Markets managed to finish in positiv
Read moreBasel Committee eases banks' leverage ratio
13th Jan 2014 16:40
On Sunday, the Bank for International Settlements (BIS) lowered some of its requirements as regards the level of regulatory capital which lenders must hold, known as the 'leverage ratio.' That seems to have come in response - at least in part - to worries that too onerous regulations could excessive
Read moreLondon close: Morrison leads UK markets higher
13th Jan 2014 16:36
- FTSE 100 closes at highest since November 4th - Morrison gains on property sales rumours - Banks celebrate eased Basel rules - US Q4 earnings season in focus ahead of busy week techMARK 2,803.23 +0.05% FTSE 100 6,757.15 +0.26% FTSE 250 16,254.80 +0.39% After a choppy session, UK markets finished
Read moreFTSE 100 movers: Morrison regains recent losses on dividend hopes
13th Jan 2014 15:17
Supermarket group Morrison was the top riser this afternoon as it continued to recover after a steep fall last week following a bigger-than-expected drop in like-for-like sales over Christmas. Broker Shore Capital said it expects activist investors to continue to show interest in Morrisons as report
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