Monday newspaper round-up: Glencore, HSBC, Private sector wages
12th Oct 2015 06:48
(ShareCast News) - Glencore is preparing to unveil asset sales in Australia and Chile, prompting a halt in trading of its Hong Kong listed shares on Monday morning. The embattled miner, which has seen its shares whipsaw amid the slump in commodities and China slowdown, told the Hong Kong Exchange it
Read moreApple tops list of world's biggest brands
5th Oct 2015 08:36
(ShareCast News) - Apple has beaten Google to become the world's biggest brand, according to Interband's 2015 Best Global Brands list. The US technology giant was valued at $170bn, a 43% change in value from 2014. It surged ahead of Google, which came in second with a total brand value of $120bn.
Read moreBroker tips: HSBC, Shire, Aviva
30th Sep 2015 15:06
(ShareCast News) - UBS upgraded HSBC to 'buy' from 'neutral' saying the risk/reward on the shares has shifted to the upside. It noted that since 11 August when the PBoC unexpectedly weakened the renminbi, HSBC's share price has dropped 15-20%, equivalent to a decline of around $30bn in market cap.
Read moreUBS ups HSBC to 'buy', says risk/reward has shifted to upside
30th Sep 2015 10:37
(ShareCast News) - UBS upgraded HSBC to 'buy' from 'neutral' saying the risk/reward on the shares has shifted to the upside. It noted that since 11 August when the PBoC unexpectedly weakened the renminbi, HSBC's share price has dropped 15-20%, equivalent to a decline of around $30bn in market cap.
Read moreBroker tips: Glencore, HSBC, Barclays, Aldermore
29th Sep 2015 14:29
(ShareCast News) - Commodity trader Glencore took a beating on Monday, falling to its lowest level since its IPO in 2011, after Investec said the company's equity value is zero at current spot prices, but two analysts came out in its defence on Tuesday. Citi, which rates the stock at 'buy', said the
Read moreNomura still bullish on UK domestic banks, Barclays and Lloyds among top picks
29th Sep 2015 10:15
(ShareCast News) - Nomura remains bullish on domestic UK banks, highlighting Barclays and Lloyds Banking Group among its top five picks in the sector. It said that despite a number of headwinds facing the UK banks, they appear well positioned relative to peers in terms of capital, underlying profita
Read moreAbengoa chairman to step down as company readies share sale
24th Sep 2015 12:32
(ShareCast News) - Embattled Spanish renewable energies outfit Abengoa's chairman, Felipe Benjumea, announced he would be stepping down after 25 years at the helm as the company revealed plans to go cap in hand to investors. The Seville, Spain-based company was looking to raise at least €650m in eme
Read moreBroker tips: RSA, Glencore, HSBC
22nd Sep 2015 14:20
(ShareCast News) - Deutsche Bank cut its price target on RSA Insurance back to a "fundamental" 430p from 540p on news that Zurich Insurance has ended offer talks with the London-listed insurer. The broker said it's unlikely that any of the European composites will emerge as rival bidders and certain
Read moreFootsie drops sharply, traders point to 'fat finger' error
18th Sep 2015 13:01
(ShareCast News) - Losses on London's top-flight index were being ascribed by some media outfits to a 'fat finger' error or an error in an automated trading system. Shares in BHP Billiton, BP, BT Group, Diageo, HSBC, Wolseley, Vodafone and British American Tobacco were among the affected stocks. Th
Read moreFriday newspaper round-up: HSBC, Ryan Air, Lidl
18th Sep 2015 07:29
(ShareCast News) - HSBC's chairman has suggested the bank could retain its domicile in the UK, as his bank mulls moving its headquarters back to the Far East. Douglas Flint warned that he expected the Black Monday stock market crash, which was sparked in China, would be repeated, and that Britain's
Read moreFriday newspaper round-up: HSBC, Ryan Air, Lidl
18th Sep 2015 07:29
(ShareCast News) - HSBC's chairman has suggested the bank could retain its domicile in the UK, as his bank mulls moving its headquarters back to the Far East. Douglas Flint warned that he expected the Black Monday stock market crash, which was sparked in China, would be repeated, and that Britain's
Read moreBanks' technology investments are not panacea yet, warns Bernstein
14th Sep 2015 10:18
(ShareCast News) - Bernstein warned investors not to expect the rise of financial technology to enable banks to significantly cull branch numbers in coming years, but that substantial changes to the industry are still likely via 'fintech'. Bernstein, whose current stance on UK banks has Royal Bank o
Read moreBroker tips: StanChart, BP, Tullow Oil
10th Sep 2015 16:24
(ShareCast News) - The largest UK banks face several further operational headwinds which the market may not be fully factoring in yet, analysts believe. Foremost among those is the 2018 implementation of the IFRS9 accounting standard regarding provisions, which will be half again as high as IAS39. T
Read moreExane BNP lowers targets across UK banks, except RBS
10th Sep 2015 16:12
(ShareCast News) - The largest UK banks face several further operational headwinds which the market may not be fully factoring in yet, analysts believe. Foremost among those is the 2018 implementation of the IFRS9 accounting standard regarding provisions, which will be half again as high as IAS39. T
Read moreFTSE 100 movers: Financials on a flier as risk-on returns
8th Sep 2015 14:03
(ShareCast News) - The FTSE 100 index built on a strong start on Tuesday, rising 1.5% to 6,162.86 points by mid-afternoon with the financial sector leading the charge. Pensions and investment company Hargreaves Lansdown, which is due to publish results on Wednesday, and Aberdeen Asset Management tus
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