Redburn downgrades HSBC to 'sell', warns of QT's impact on HK
6th Sep 2018 15:41
(Sharecast News) - Analysts at Redburn called into question HSBC's plans to generate multi-year revenue growth with less capital, downgrading the shares to 'sell' in the process.
Read moreRiyadh pulls Saudi Aramco IPO - Report
22nd Aug 2018 19:07
(Sharecast News) - Saudi Arabia has pulled plans for a domestic and international listing of state-owned oil giant Saudi Aramco, Reuters reported, citing four industry sources.
Read moreHSBC interim profits up 5% as operating expenses increase
6th Aug 2018 07:08
(Sharecast News) - HSBC said interim pre-tax profits rose 5% to $10.7bn (£8.23bn), reflecting a net favourable movement in significant items and favourable currency translation, but higher expenses were still a drag on the results.
Read moreFCA 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.
Read moreChoose cautious RBS over risky Lloyds, Berenberg says
23rd Jul 2018 10:49
(Sharecast News) - UK banks are out of favour with investors but it is possible to differentiate between the riskiest, Lloyds Banking Group and Royal Bank of Scotland, whose cautious strategy is paying off, Berenberg analysts said on Monday.
Read moreLondon close: FTSE gains on financials as US consumer inflation surprises
15th Feb 2017 17:15
(ShareCast News) - London stocks ended Wednesday higher as investors considered news that UK's jobless rate held steady at end-2016, with forecast-busting US inflation numbers helping boost global markets led north by financials. The FTSE 100 ended the session up 0.47% or 33.85 points at 7,302.41, s
Read moreGoldman Sachs to relocate London hedge fund to New York
9th Feb 2017 16:20
(ShareCast News) - An internal hedge fund at Goldman Sachs is shutting up shop in London and relocating to New York, but the investment says the decision is unrelated to Britain's exit from the European Union. Eight members of staff from Goldman Sachs Investment Partners fund will be moved from thei
Read moreFriday broker round-up
3rd Feb 2017 09:56
(ShareCast News) - Northgate: Barclays reiterates Neutral with a target price of 600p. Royal Dutch Shell A: Barclays reiterates Overweight with a target price of 2800p Royal Dutch Shell B: Barclays reiterates Overweight with a target price of 2800p. A.G BARR: Berenberg reiterates Hold with a targe
Read moreOne in five think Tesco is Britain's biggest company
24th Jan 2017 16:13
(ShareCast News) - Britons are still struggling to identify some of the FTSE 100's biggest names, as research suggests less than one in five people believe Tesco to be the biggest company in Britain. A survey conducted by research firm Spread Co shows that confusion still remains for the ordinary ci
Read moreOne in five think Tesco is Britain's biggest company
24th Jan 2017 16:13
(ShareCast News) - Britons are still struggling to identify some of the FTSE 100's biggest names, as research suggests less than one in five people believe Tesco to be the biggest company in Britain. A survey conducted by spread betting firm Spread Co shows that confusion still remains for the ordin
Read moreHSBC to close 62 more branches due to rise of online banking
24th Jan 2017 15:14
(ShareCast News) - HSBC is planning on shutting another 62 branches, in addition to its previously planned 55 closures, this year due to the rise in customers using online banking. The move is expected to lead to 180 redundancies in branches and 204 in IT positions. Consumer group Which? pointed to
Read moreFTSE 100 movers: Paddy Power and banks lead London losers
23rd Jan 2017 15:00
(ShareCast News) - The FTSE 100 was down over 0.8% by late afternoon on Monday, with stocks swaying lower as sterling rose to a one-month high ahead of the Supreme Court's decision on triggering Article 50 for Brexit. Leading the fallers was bookmaker Paddy Power Betfair as it revealed a £40m hit fr
Read moreHSBC said to cut 100 senior jobs in investment banking
20th Jan 2017 15:19
(ShareCast News) - HSBC has reportedly begun cutting around 100 senior jobs this week in its investment banking division worldwide. According to sources cited by Reuters, the cuts are taking place at managing director and director level in the Global Banking and Markets division. A spokeswoman for
Read moreHSBC to pay £4m in redress for overcharging customers in arrears
20th Jan 2017 11:44
(ShareCast News) - HSBC has voluntarily agreed to pay £4m in redress to customers who were overcharged when they fell into arrears after buying goods on credit. The Financial Conduct Authority said the bank has offered to set up a fund to repay 6,700 customers who were made to pay an unreasonable de
Read moreCredit Suisse arrives at $5.3bn settlement with US
19th Jan 2017 15:30
(ShareCast News) - Credit Suisse has come to a $5.3bn agreement with the US Department of Justice to settle the investigation into the bank's involvement in selling toxic mortgage debt before the last financial crisis. The investment bank will pay a $2.5bn civil penalty and $2.8bn in consumer relief
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