Monday newspaper round-up: Barclays, Deutsche Bank, BAE, PPI provisions
24th Oct 2016 07:05
(ShareCast News) - Barclays is locked in negotiations with its African subsidiary about the details of their divorce, which analysts estimate could cost the British bank as much as £1bn. Having announced in March that it planned to sell down its controlling stake in its Johannesburg-listed African o
Read moreSector movers: Retailers rise to the top
18th Oct 2016 16:17
(ShareCast News) - Retailers led gains in the market, with Tesco and Sainsbury leading the pack north on the heels of the latest sector survey results. During the last three months the former notched up its first market share gain in five years, with sales by 1.3% and market share by 0.1 percentage
Read moreBank of England confirms two-layered bank stress tests for 2017
3rd Oct 2016 10:16
(ShareCast News) - The Bank of England will subject Barclays, HSBC, Lloyds, Nationwide, Royal Bank of Scotland, Santander and Standard Chartered to a two-part stress test in 2017. The BoE, which is still analysing the results of the 2016 stress tests before scheduled feedback to the banks next mo
Read moreHSBC plans US capital release to raise shareholder returns
23rd Sep 2016 11:58
(ShareCast News) - HSBC is seeking to release $20bn-worth of capital tied up in the United States without upsetting regulators, according to a report by Reuters. In the past, the bank had been the focus of US regulators for the alleged breach anti-money laundering rules. The capital is earning a me
Read moreSector movers: Miners pace gains, but HSBC drags on banks
22nd Sep 2016 16:31
(ShareCast News) - Miners jumped to the top of the leaderboard after rate-setters at the US central bank lowered their interest rate projections for 2017 and 2018 overnight and opted to stay put on policy rates. The announcements led to a move higher in global equities and provided a boost to the co
Read moreUBS downgrades HSBC to 'neutral' from 'sell'
14th Sep 2016 09:27
(ShareCast News) - UBS downgraded HSBC to 'neutral' from 'sell' but nudged up the price target to 540p from 535p, with modest capital downside offset by dividend yield. The bank noted HSBC's share price is up 17% in sterling since early August, adding $25bn to its market cap and prompting investor i
Read moreCiti downgrades HSBC to neutral following outperformance
13th Sep 2016 14:40
(ShareCast News) - Analysts at Citi downgraded their view on shares of HSBC given the resilience in the lender's share price despite recent earnings downgrades from the analyst consensus. Year-to-date analysts had cut their forecasts for HSBC's earnings in 2017 and 2018 by approximately 30%, whereas
Read moreThursday newspaper round-up: Sports Direct, Coutts, HSBC
8th Sep 2016 07:21
(ShareCast News) - US billionaire John Malone's Liberty Media has agreed to take control of Formula One in a deal valuing the sport at $8bn. The two-part manoeuvre will initially see the US media group buy 18.7 per cent of F1 parent company Delta Topco for $746m in cash from a consortium of sharehol
Read moreTuesday newspaper share tips: Lloyds, Aldermore, Hunting
6th Sep 2016 13:25
(ShareCast News) - Lloyd's Banking Group will continue to struggle as downgrades from two brokers showed, sending its shares promptly lower, according to The Telegraph's Questor column. Things had been looking up for potential investors in the bank at the start of the year as the government prepa
Read moreBarclays downgrades Standard Chartered on valuation
6th Sep 2016 09:42
(ShareCast News) - Barclays downgraded Standard Chartered to 'underweight' from 'equalweight' as it said the stock's valuation is overshooting its earnings power, but lifted the price target to 520p from 500p. Barclays said management actions have stabilised the business with revenues appearing to h
Read moreBanks made to share 'open banking' data, cap overdraft fees, and more
9th Aug 2016 09:04
(ShareCast News) - High street banks will be forced to securely share data with their rivals and third parties, publish objective information about their services, warn customers when they are about to go into unarranged overdrafts or when they could get a better deal from another account, after the
Read moreBarclays rallies on Exane upgrade
8th Aug 2016 08:43
(ShareCast News) - Barclays got a boost on Monday after Exane BNP Paribas upgraded the stock to 'outperform' from 'neutral' as it took a look at UK banks. Exane pointed out that having been cautious on the stock for two years, it "made the mistake" of upgrading the recommendation shortly before the
Read moreMonday newspaper round-up: Lloyds, new post-Brexit data, banks
8th Aug 2016 06:59
(ShareCast News) - Thousands of retail investors are likely to be denied the chance of buying shares in Lloyds Banking Group at a discount as the government is expected to abandon the plan in the aftermath of market uncertainty caused by Brexit. The government put plans for a "Tell Sid" offer of Llo
Read moreHSBC passes on BoE base rate cut to customers
5th Aug 2016 12:02
(ShareCast News) - After the Bank of England lowered the base rate to 0.25% from 0.50%, HSBC said on Friday it will pass on the rate cut to its tracker and variable mortgage rate customers. Tracker mortgage customers will have their rates fall to 0.25% from 0.50% and standard variable rate mortgage
Read moreThursday newspaper share tips: HSBC, StanChart
4th Aug 2016 10:37
(ShareCast News) - There are two clear options for British investors wanting to partake of the fruits of Asian economic growth and The Times's Tempus was very clear about which one was the likely winner. HSBC and Standard Chartered both have major operations in the Far East, the tipster said, eve
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