Tuesday broker round-up
23rd Feb 2016 13:51
(ShareCast News) - HSBC: JP Morgan reiterates underweight with a target price of 410p and UBS stays at buy, 490p target. Just Eat: Investec reiterates buy with a target price of 435p. Glencore: Exane BNP Paribas keeps at outperform with a target of 145p. Ashmore Group: UBS starts coverage at neutr
Read moreTuesday newspaper share tips: Concerns about Primark's growth
23rd Feb 2016 10:58
(ShareCast News) - The Telegraph's Questor said on Tuesday it is concerned about Primark's growth after its latest trading update. The board of Associated British Foods, Primark's parent company, said on Monday it expected some progress in adjusted operating profit for the group in the current perio
Read moreLloyds tops PPI complaints list at financial ombudsman
23rd Feb 2016 08:50
(ShareCast News) - Complaints about payment protection insurance continue to be made against major high street banks, data from the financial ombudsman showed, with Lloyds Banking Group a serial offender. Of the total new cases referred to the ombudsman in the six months to 31 December, 56% were
Read moreBroker tips: ABF, HSBC, UK equities
22nd Feb 2016 15:09
(ShareCast News) - Credit Suisse boosted its target price on shares of Primark-owner Associated British Foods following what it termed a "reassuring update" from the company, while its recommendation was kept at 'outperform'. Analysts Charlie Mills, Alan Erskine, Molly Eggleton and Faham Baig highli
Read moreFTSE 100 movers: Miners lead index back over 6000
22nd Feb 2016 14:16
(ShareCast News) - The FTSE 100 was back over 6,000 points on Monday, with the index up 106.09 points (1.78%) to 6,056.32. Miners led the market as commodity price were boosted following the recent rally in global equities. Anglo American was at the top of the list on reports that the company may s
Read moreMonday broker round-up
22nd Feb 2016 13:49
(ShareCast News) - Coca-Cola Hbc: JP Morgan reiterates neutral with a target price of 1450p, Nomura stays at buy with a 1330p target and Deutsche Bank keeps at hold with a target price of 1500p. Standard Life: JP Morgan keeps at overweight with a target of 465p and Deutsche Bank reiterates buy, 415p
Read moreHSBC a 'buy' but target price under review, says Investec
22nd Feb 2016 09:35
(ShareCast News) - HSBC delivered a reasonable performance on costs in the last quarter of the year, but the weaker outlook for revenues led Investec's Ian Gordon to tell clients he hoped "fresh cost reduction initiatives" would go beyond existing targets. Underlying costs for the last quarter of 20
Read moreHSBC posts flat profit short of consensus
22nd Feb 2016 07:16
(ShareCast News) - HSBC has missed full year profit consensus forecasts by 8%, as it missed fourth quarter targets by a long way. The FTSE 100 bank posted a reported profit before tax of $18.9bn (£13.3bn) for the year to 31 December 2015, up a mere 1.069% from $18.7bn in 2014. However adjusted prof
Read moreTuesday newspaper round-up: BoE, car industry, Shell, HSBC
16th Feb 2016 07:14
(ShareCast News) - The Bank of England has rebuffed criticism from the chief architect of the UK's banking reforms by denying that it has watered down his recommended minimum capital levels for Britain's biggest lenders. In a statement released late on Monday the BoE rejected that it had gone soft o
Read moreMonday broker round-up
15th Feb 2016 18:27
(ShareCast News) - Hargreaves Lansdown: Shore Capital upgrades to buy. Antofagasta: Peel Hunt Limited downgrades to hold with a target price of 425p. Atkins: Citigroup upgrades to neutral with a target of 1160p, from 1120p. Hays: HSBC upgrades to buy with a 155p target. IAG: Bank of America upgra
Read moreLondon open: Stocks jump after China sets higher value for the yuan
15th Feb 2016 08:20
(ShareCast News) - Stocks jumped out of the gate after China's central bank set a higher daily reference value for the country's currency, with central bank chief Zhou Xiaochuan talking about the need for patience in balancing reform, growth and stability, as well as China's need to remain a respons
Read moreLondon pre-open: Stocks to start higher, tracking gain in yuan, Nikkei-225
15th Feb 2016 07:54
(ShareCast News) - The Footsie was being called to start the session sharply higher, with sentiment buoyed by gains in stocks overnight in Tokyo and last Friday, on Wall Street. To many investors' relief, the People's Bank of China set today's fixing for the country's currency, the yuan, 0.3% higher
Read moreHSBC to keep HQ in UK; warns on 'Brexit'
15th Feb 2016 07:10
(ShareCast News) - Banking giant HSBC said it had decided to retain its headquarters in the UK, adding that it could shift 1,000 wholesale operation jobs to France if Britain voted to leave the European Union later this year. Chief executive Stuart Gulliver told Sky News: "We have 5,000 peo
Read moreSunday newspaper round-up: Bank funding, North Sea oil tax, HSBC, Anglo
14th Feb 2016 17:39
(ShareCast News) - The European Central Bank and its London counterpart have held talks after the Bank of England raised the alarm over the potential threat of a funding crisis in the banking sector. Three senior London bankers have told the Sunday Times that their normal efforts to raise money from
Read moreHSBC backtracks on pay freeze
11th Feb 2016 13:15
(ShareCast News) - HSBC backtracked from a decision announced earlier in the week to freeze pay after some employees pushed back. In a memo sent to staff on Thursday the lender's boss, Stuart Gulliver, said not everyone would obtain a raise, although those who had won one as part of their annual pay
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