Broker tips: Lloyds, RBS, Hyder, Taylor Wimpey...
28th Jun 2010 12:23
UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
Read moreBroker snap: Lloyds is Nomura's preferred UK bank
28th Jun 2010 08:29
UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
28th Jun 2010 08:12
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0712 GMT [Dow Jones] Nomura upgrades Lloyds Banking Group (LLOY.LN) to buy from reduce and lifts the target to 80p from
Read moreMARKET TALK: Nomura Ups Lloyds; Cuts Barclays, HSBC
28th Jun 2010 08:12
0712 GMT [Dow Jones] Nomura upgrades Lloyds Banking Group (LLOY.LN) to buy from reduce and lifts the target to 80p from 53p. Says Lloyds is particularly geared to domestic margin expansion owing to the repricing of mortgage asset yields and short-term wholesale funding. Cuts Barclays (BARC.LN) to
Read moreMARKET TALK: StanChart's Update Strong But Likely Priced In
28th Jun 2010 07:11
0611 GMT [Dow Jones] Standard Chartered's (2888.HK) interim trading update out lunch time mostly continues 1Q10 trends, stock likely won't react much in afternoon; shares +0.7% at HK$205.80 at interval. Emerging markets-focused lender says it had strong performance in 1H10, driven by both consumer b
Read moreMARKET TALK: JPMorgan Keeps HSBC At Overweight; HK$115 Target
28th Jun 2010 05:06
0406 GMT [Dow Jones] STOCK CALL: JPMorgan keeps HSBC (0005.HK) at Overweight with HK$115 target; expects bank's tier 1 ratio to improve 30 basis points to 11.1%, total capital adequacy ratio to also increase 30 basis points to 14.0% following its announcement last week of an issuance of US$3.4 bill
Read moreBusiness Leaders Urge G-20 To Focus On Sustaining Global Economy
27th Jun 2010 18:34
By Caroline Van Hasselt Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--A high-powered group of the corporate leaders urged Group of 20 nations to focus on shaping policies that sustain the global economy rather than respond to populism aimed at punishing business, the Canadian Council of Chief
Read moreIsraeli Gas Firms Secure $430M Loans To Develop Tamar Field
27th Jun 2010 13:10
JERUSALEM (Dow Jones)--Three Israeli oil-exploration companies said Sunday they have secured $430 million in loans to develop the Tamar natural gas field, off Israel's coast. The companies, Delek Drilling Ltd. Partnership (DERD.L.TV), Avner Oil Exploration Ltd. Partnership (AVNR.L.TV) and Dor Al
Read moreMARKET TALK: HK Short Sales +27.6% Friday; HSBC Leads
27th Jun 2010 00:27
2327 GMT [Dow Jones] HK short-selling volume +27.6% at HK$3.454 billion Friday, as percentage of market total at 6.7% vs Thursday's 5.7%, suggesting some bears stepping up bets amid HSI's 4-day consolidation (range less than 400 points). HSBC (0005.HK) topped list with HK$265.35 million, followed by
Read moreBoCom: Eyeing M&A, New Branches In Overseas Expansion
26th Jun 2010 10:42
SHANGHAI (Dow Jones)--Bank of Communications Co. (601328.SH, 3328.HK), 19%-owned by HSBC Holdings PLC (HBC), will expand its overseas operations by looking for opportunities to buy other financial institutions as well as setting up new branches, bank President Niu Ximing said Saturday. "We shoul
Read moreLondon close: Resource stocks drag Footsie lower
25th Jun 2010 16:42
Weakness in the resources sector ensured that Footsie finished firmly in the red. ENRC, Lonmin and Kazkhmys were big losers in the mining sector as base metal prices retreat. BP resumed its slide following a couple days' respite. Nomura Securities has suggested that the oil giant may have to ra
Read morePRESS RELEASE: S&P Withdraws Rtg On STARTS (Ireland) Series 2006-14 CDO Nts
25th Jun 2010 16:03
The following is a press release from Standard & Poor's: LONDON (Standard & Poor's) June 25, 2010--Standard & Poor's Ratings Services today withdrew its 'AAAp' credit rating on STARTS (Ireland) PLC's EUR10 million principal protected credit-linked series 2006-14 notes. The withdrawal follows HSBC
Read moreLondon afternoon: Stuck in reverse
25th Jun 2010 14:14
BP trimmed its losses over the lunch time session but the Footsie ended the period more or less where it started it, as weak mining stocks continue to weigh on the index. ENRC, Lonmin and Kazkhmys remain the big losers in the mining sector as base metal prices retreat. BP is still under the cosh
Read moreUPDATE: BAT Sets Guidance On 2-Part Euro, Sterling Bond Issue
25th Jun 2010 13:44
(Adds comment, background) By Art Patnaude Of DOW JONES NEWSWIRES LONDON (Dow Jones)--British American Tobacco (BATS.LN) has set price guidance on its two-part, euro- and sterling-denominated bond issue, one of the banks running the sale said Friday. The EUR600 million, 10-year bond
Read moreBAT Sets Prices Guidance On 2-Part Euro, Sterling Bond Issue
25th Jun 2010 12:21
LONDON (Dow Jones)--British American Tobacco (BATS.LN) has set price guidance on its two-part, euro- and sterling-denominated bond issue, one of the lead managing banks of the deal said Friday. The EUR600 million, 10-year bond is to price at 115 basis points over midswaps, while the GBP275 milli
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