Tuesday newspaper round-up: HSBC, Brexit polls, Alliance Trust
31st May 2016 07:05
(ShareCast News) - HSBC's Stuart Gulliver is the European bank chief executive who investors would most like to be replaced, according to a recent poll of large shareholders. When 74 institutional investors were polled by Autonomous Research and asked to each name three banks in Europe "most in need
Read moreTuesday newspaper round-up: US libor case, UK fracking decision, CNH
24th May 2016 06:52
(ShareCast News) - A US appeals court has reinstated a civil lawsuit accusing 16 major banks of conspiring to manipulate the Libor benchmark interest rate. The ruling, which overturns a 2013 decision, could bankrupt the institutions, the judges warned. A lower court judge erred in dismissing the ant
Read moreWednesday newspaper share tips: Lloyds, Premier Foods
18th May 2016 13:07
(ShareCast News) - UK's big banks are at a nadir in their fortunes and yet to enjoy a sustained uplift in their business, albeit with fundamentals beginning to turn north, says the Financial Times' Lex column. Mortgage, credit card and personal lending all turned a corner in 2014, and in 2015 both L
Read moreBanks to limit overdraft charges as CMA demands only small changes
17th May 2016 07:06
(ShareCast News) - Banks will be forced to limit overdraft charges and introduce a new standard technology to enable consumers to more easily switch between providers, among several measures proposed by the competition watchdog to improve competition in retail banking. Concluding its investigation i
Read moreAnother 840 jobs to go at HSBC
16th May 2016 16:28
(ShareCast News) - HSBC announced the loss of 840 UK jobs on Monday, as it prepared to shed hundreds of IT jobs locally and ship them offshore. It was the latest in a series of swingeing cuts announced last June, when HSBC bosses said 8,000 staff would lose their jobs UK-wide. 595 of Monday's axing
Read moreBroker tips: HSBC, British Land, Crest Nicholson
16th May 2016 12:43
(ShareCast News) - Shore Capital reiterated its only 'buy' rating in the housebuilding sector on Crest Nicholson as the company released a half-year trading update. The broker said Crest, the most "strategically ambitious" of the larger housebuilders due to its growing focus on the institutional pri
Read moreDividend cut at HSBC would only make sense under one scenario, Berenberg says
16th May 2016 11:10
(ShareCast News) - HSBC had shown it had a tight grip on costs over the last two quarters and with management as focused as ever on risks the dividend was sustainable, Berenberg said. As risks continued to be re-priced, the lender's focus on risk should become more appreciated, with the dividend yie
Read moreSunday newspaper round-up: RBS, Shell, Cobham, BT, banks
15th May 2016 17:01
(ShareCast News) - Royal Bank of Scotland is examining a range of radical options to help speed the long-delayed separation and flotation of its Williams & Glyn subsidiary, including a potential divestment of its NatWest brand. Banking sources have indicated to the Sunday Telegraph that RBS and its
Read morePrecious metals miners jump as Fed rate hike calls pushed back
6th May 2016 19:01
(ShareCast News) - Precious metals miners and engineers gained the most in the wake of a US jobs report for April that saw several of the world's largest brokers push back their forecasts for the timing of the US Federal Reserve's next interest rate hike in 2016 to September and the greenback weaken
Read moreFriday broker round-up
6th May 2016 14:34
(ShareCast News) - Man Group: Citigroup downgrades to sell with a 120p target. Royal Mail: Jefferies reiterates underperform with a 400p target. Easyjet: JP Morgan keeps at overweight with a 1900p target. IMI: Societe Generale reiterates hold with a target of 920p and JP Morgan stays at neutral wi
Read moreLondon pre-open: Stocks seen higher on upbeat US cues
3rd May 2016 07:28
(ShareCast News) - London stocks were expected to open in the black on Tuesday, taking their cue from a positive session in the US as traders return to their desks following the long bank holiday weekend. The FTSE 100 was seen opening 28 points higher than Friday's close at 6,270. On the data front
Read moreHSBC profits way ahead of forecasts despite 18% fall
3rd May 2016 06:42
(ShareCast News) - HSBC's first-quarter profits fell 14% compared to last year but was better than analyst forecasts, with chief executive Stuart Gulliver expressed confidence that cost-reduction plans now under way will hit their target by the end of next year. Amid a tough few months for the indus
Read moreSunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham
1st May 2016 18:03
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read moreSector movers: Banks, engineering stocks lead drop
29th Apr 2016 18:46
(ShareCast News) - Banks weighed on the Footsie at the end of the week as Royal Bank of Scotland flagged to investors the risk that the sale and separation of its Williams&Glyn retail and business bank could take at least another two years. That operation was one of the conditions set by regulators
Read moreFTSE 100 movers: Miners and banks slump but Imperial gains on upgrade
25th Apr 2016 14:05
(ShareCast News) - London's FTSE 100 index was down 0.8% to 6,260.09 in afternoon trading, with miners pacing the decline. Heavily-weighted mining stocks were the worst performers as metals prices slipped, with Anglo American, BHP Billiton, Rio Tinto and Glencore all firmly on the back foot. Standa
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