Market overview: Boston Fed president takes prudent approach
22nd Apr 2015 09:40
1333: Market commentary has picked up on cautious remarks from the Boston Fed´s Rosengren regarding the possibility that interest rate hikes could be postponed - not the most likely scenario in his opinion. 1253: Analyst at Jefferies have lowered their view on shares of Hargreaves Lansdown to hold f
Read moreTuesday newspaper round-up: Labour, HSBC, Credit Suisse
21st Apr 2015 06:49
The latest poll by Populus has shown that Labour at 34% are two points ahead of the Conservatives who have dropped a percentage point since last week, the Financial Times said. HSBC's chairman Douglas Flint has said at a company meeting in Hong Kong that the time may come soon for the bank to review
Read moreLondon close: Chinese stimulus lifts stocks despite ongoing Greek uncertainty
20th Apr 2015 16:35
Stocks rebounded on Monday after as measures by policymakers in China to boost bank lending helped to repair sentiment after recent losses, despite ongoing uncertainty in Greece. London's FTSE 100 finished the session 0.82% higher at 7,052.13, with mining stocks leading the rise on increased hopes f
Read moreMonday newspaper round-up: Greece, China, Deutsche Bank
20th Apr 2015 06:49
ECB president Mario Draghi has said that while a potential Grexit would be damaging to the Eurozone, the currency bloc is "no longer vulnerable to the immediate chain-reaction seen in earlier phases of the debt crisis", writes The Telegraph. The decision by the People's Bank of China to cut the rese
Read moreSunday newspaper round-up: Lloyds, HSBC, Tesco, Moneysupermarket
19th Apr 2015 16:45
Lloyds Banking Group is facing a legal attack over its calamitous takeover of HBOS in 2008. A class action lawsuit, bringing together more than 6,000 investors that owned shares at the time, has been planned to force the company to release emails and other documents dating back to the deal, "to find
Read moreWednesday newspaper round-up: Chinese GDP, Google, HSBC
15th Apr 2015 06:59
Economic growth in China slowed down to just 7% in the first quarter, representing the lowest pace of expansion in six years, according to the Financial Times. This compared with 7.3% growth in the fourth quarter. Europe is set to file formal charges against Google for violating antitrust laws, The
Read moreTuesday broker round-up
14th Apr 2015 17:12
Marks&Spencer: UBS reiterates buy and lifts target price to 625p from 590p. HSBC: Credit Suisse reiterates underweight stance and Investec its recommendation to sell. Barclays: Credit Suisse reiterates neutral and 250p target. Tesco: Deutsche reiterates buy and 275p target price. Royal Dutch Shel
Read moreBroker tips HSBC, Shell, BP, Morrisons, Tullow, Aberdeen
14th Apr 2015 11:34
Investec has recommended investors to 'sell' shares of global banking giant HSBC, downgrading the stock from 'hold' after a "very disappointing" set of annual results last month. In spite of the weak results, which were some 33% below consensus, HSBC's UK shares have rebounded 10% over the past mont
Read moreInvestec cuts HSBC to 'sell' and slashes profit forecasts
14th Apr 2015 10:20
Investec has recommended investors to 'sell' shares of global banking giant HSBC, downgrading the stock from 'hold' after a "very disappointing" set of annual results last month. The broker said that it sees limited value across the whole UK banking sector and advised against adding to position in a
Read moreLondon close: Stocks retreat from record with investors nervous ahead of busy week
13th Apr 2015 16:29
Decent gains from financial stocks were outweighed by heavy falls in the mining sector on Monday as the UK equity market pulled back from a record high reached last week. Political uncertainty and nervousness ahead of busy week had prompted a bout of profit-taking in London, with the FTSE 100 down 0
Read moreNina Ricci heiress found guilty of tax evasion in HSBC tax scandal investigation
13th Apr 2015 14:10
Nina Ricci's heiress Arlette Ricci was on Monday sentenced for one year in prison after being found guilty of tax fraud. The granddaughter of perfume and fashion designer Nina Ricci was sentenced to three years in prison, with two of them suspended, and will also pay a €1m fine for trying to hide mi
Read moreFTSE 100 movers: Miners hit by sector-wide downgrades
13th Apr 2015 14:08
Citigroup downgraded its stance on the mining sector on Monday to 'neutral' from 'bullish', saying that upside is "now capped" by weaker iron ore prices. Citigroup now expects iron ore price to $45 per tonne in 2015 and $40 per tonne in 2016. Consequentially, the bank lowered its ratings on BHP Bill
Read moreBroker tips: Mining stocks, HSBC, BG Group, Pearson
13th Apr 2015 12:19
Citigroup downgraded its stance on the UK metals and mining sector on Monday to 'neutral' from 'bullish' after cutting its short and medium term outlook for iron ore. Citi now expects iron ore price to $45 per tonne in 2015 and $40 per tonne in 2016 and said "upside in the sector is now capped". Th
Read moreMonday broker round-up
13th Apr 2015 10:02
BP: Bank of America downgrades to neutral. BG Group: Investec upgrades to hold, Deutsche reiterates buy and 1,460p target. HSBC: Morgan Stanley upgrades to equalweight. IMI: Investec downgrades to hold. Fresnillo: Bank of America upgrades to buy. Anglo American: Citi downgrades to sell and decre
Read moreHSBC rating upgraded to 'equalweight' by Morgan Stanley
13th Apr 2015 09:01
Banking giant HSBC had its rating on Monday upgraded to 'equalweight' from 'underweight' by Morgan Stanley. Analysts at the US investment bank said the reason behind the rating upgrade is because HSBC's stock has underperformed the Stoxx 600 banks index by around 17% year-to-date. They said that ch
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