CYBG Share News

FCA may force banks to pay minimum savings rate

25th Jul 2018 08:26

(Sharecast News) - The Financial Conduct Authority has proposed forcing banks to pay a minimum rate of interest on cash savings to stop companies taking advantage of customers.

Panmure initiates coverage of challenger banks

16th Feb 2017 09:53

(ShareCast News) - Panmure Gordon initiated coverage on several challenger banks on Thursday, highlighting a preference for specialist lenders as they have avoided direct competition with large UK banks and offer high growth and returns at attractive valuations. The brokerage started Aldermore, OneS

CYBG's lending and margins dip but confidence remains strong

31st Jan 2017 07:33

(ShareCast News) - CYBG has started its financial year by growing its mortgage book and continuing cost cutting, but investors were disappointed with a slight decline in business lending and net interest margins. The operator of the Clydesdale and Yorkshire Bank said it was on track to deliver full

CYBG's maiden profit fails to impress as tax charge hits

22nd Nov 2016 11:28

(ShareCast News) - In its first annual results as an independent public company, CYBG, the holding company of Clydesdale and Yorkshire Banks, reported lower annual income than expected but managed to lift profits strongly higher. As management push through an ongoing cost reduction programme across

Banks' mortgage approvals rebound from low, BBA data shows

26th Oct 2016 09:12

(ShareCast News) - Mortgage approvals from high street banks rebounded slightly in September, according to data from high street banks, after hitting a 19-month low in August. The British Bankers' Association (BBA) revealed mortgage approval numbers in September of 38,252, which was up from 37,241 i

CYBG confirms talks with RBS over Williams & Glyn branches

26th Oct 2016 08:20

(ShareCast News) - CYBG, the parent company of Clydesdale and Yorkshire Bank, confirmed that it has proposed a bid for 300 branches under the Williams & Glyn brand from Royal Bank of Scotland. Following reports late on Tuesday, CYBG said in a statement on Wednesday morning that it "has engaged in

Clydesdale launches offer for RBS's William & Glyn branches, report says

25th Oct 2016 15:59

(ShareCast News) - Clydesdale & Yorkshire Bank parent CYBG has made an offer to buy the 300 Williams & Glyn branches from Royal Bank of Scotland, according to reports. CYBG, which has been rumoured to have begun working on the deal since August, has submitted a formal bid to buy the branches from RB

Credit Suisse sees rising risks for challengers banks Aldermore, Shawbrook

25th Oct 2016 11:46

(ShareCast News) - OneSavings Bank received an upgrade but Aldermore and Shawbrook were downgraded by Credit Suisse as it warned the risks facing the UK's challenger banks were "becoming harder to ignore" heading into 2017. Following solid share price recoveries in recent months, the risk-reward for

Santander pulls out of Williams & Glyn branch deal with RBS

21st Sep 2016 07:53

(ShareCast News) - The Royal Bank of Scotland (RBS) has experienced a further setback in attempting to sell 315 high street branches as Santander pulled out of talks. Santander withdrew from the bid, two people briefed on the process the Financial Times, with one person having pointed to disagreemen

Wednesday broker round-up

14th Sep 2016 08:37

(ShareCast News) - Relx: Berenberg reiterates buy with a target price of 1600p. Standard Life: Deutsche Bank reiterates buy, 325p target. Arrow Globalik: Jefferies keeps at buy with a 359p target. Ocado: Exane BNP Paribas downgrades to underperform with a 215p target. SafeCharge: Berenberg stays

CYBG ups medium-term financial guidance

13th Sep 2016 07:38

(ShareCast News) - CYBG, the holding company of the Clydesdale and Yorkshire Bank, has hit its targets for the first year since flotation and upped its guidance for loan growth and cost-cutting for the next three years. The FTSE 250 bank said it expects the promised double-digit return on tangible e

Monday broker round-up

12th Sep 2016 09:24

(ShareCast News) - Autotrader: Barclays reiterates equal-weight with a target price of 375p. Hikma: Jefferies maintains buy with a 2500p target. Wood Group: Exane BNP Paribas upgrades to buy with a 815p target. Man Group: Citigroup upgrades to buy with a 137p target. McCarthy & Stone: Goldman Sac

FTSE quarterly review confirms raft of changes to 100 and 250 indices

2nd Jun 2016 08:00

(ShareCast News) - Hikma Pharmaceuticals' promotion to the FTSE 100 index was confirmed after the latest quarterly review was announced overnight, while demoted blue chip Inmarsat was joined in the FTSE 250 by three recently floated finance groups CYBG, CMC Markets and Metro Bank plus several others

Director dealing: CYBG chairman and deputy get skin in the game

16th Feb 2016 16:17

Clydesdale Bank´s flotation delayed by 24 hours

2nd Feb 2016 13:26

(ShareCast News) - National Australia Bank delayed the flotation of its UK subsidiary Clydesdale Bank on the London Stock Exchange by 24 hours following a "specific request" from an unnamed ratings agency. The Australian lender acquired Glasgow-based Clydesdale in 1987. Shares in the UK unit, which