Sunday 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
Read moreNational Grid hit by jump in UK debt yields
21st Apr 2016 18:38
(ShareCast News) - Public sector net borrowing in the UK only overshot the Chancellor's target for the full fiscal year modestly, analysts said, but that was enough to push sovereign debt yields higher, knocking the likes of National Grid off their perch. Westminster's net cash requirement fell 34.0
Read moreHSBC looking at share buy-back
18th Apr 2016 12:07
(ShareCast News) - HSBC was reported to be looking at possibly buying back shares on Monday. Chief executive of the Canary Wharf-based group Stuart Gulliver told shareholders in Hong Kong of the idea, as the share price of Europe's largest bank slid sharply. Separately, chairman Douglas Flint said
Read moreSunday newspaper round-up: AstraZeneca, Monarch Airlines, HSBC, Opec deal
17th Apr 2016 16:53
(ShareCast News) - AstraZeneca has held talks with US-based rival Medivation that could see it make a $10bn (£7bn) takeover bid, where it will battle France's Sanofi, which had a bid rejected last week, and others. Although oncology drug maker Medivation has been criticised for "price gouging" by Am
Read morePanama Papers: UK regulator reportedly gives banks deadline on reviews
7th Apr 2016 13:38
(ShareCast News) - The UK's Financial Conduct Authority said banks and other financial firms have until next week to carry out urgent reviews of whether they are linked to the law firm at the centre of the Panama Papers data leak, the Financial Times reported. According to a letter seen by the newsp
Read moreHSBC, RBS and Barclays said to plan 400 branch closures this year
6th Apr 2016 14:55
(ShareCast News) - HSBC, Royal Bank of Scotland and Barclays are reportedly set to close 400 UK branches this year. Reuters cited people familiar with the matter as saying that HSBC was set to close the highest number, with about 200 branches this year. That is about a fifth of the bank's UK branche
Read moreThursday newspaper round-up: Steel industry, energy, HSBC
31st Mar 2016 07:24
(ShareCast News) - Tata's board met for seven hours on Tuesday in the company's elegant stone headquarters in central Mumbai but one insider said it was clear what the company had to do. "It was very straightforward, not dramatic," he said, as Tata signalled that, after nine years, several billion p
Read moreJP Morgan prefers StanChart to HSBC
21st Mar 2016 12:45
(ShareCast News) - Shares in StanChart were offering close twice the value of those in HSBC, JP Morgan said, leading it to recommend them to clients over those in rival HSBC. Ongoing pressure on revenues from global markets and Asian wealth management might create downside risk for the sector, b
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