UK banks pay out 600m pounds for mis-selling, FCA says
8th Apr 2014 10:43
Britain's biggest banks have so far paid around 600m pounds for mis-selling interest rate hedging products, according to the UK's Financial Conduct Authority (FCA). The banks have set aside £4bn to compensate small firms. Banks including Barclays, HSBC, Royal Bank of Scotland and Lloyds Banking Gr
Read moreTuesday broker round-up UPDATE
8th Apr 2014 09:18
API Group: Numis lowers target price from 90p to 84p, while upgrading from add to buy. Cranswick: Investec increases target price from 1315p to 1390p retaining its buy recommendation. Daisy Group: FinnCap moves target price from 175p to 185p and retains a hold recommendation. DP World: Nomura rai
Read moreSunday newspaper round-up: Insurance, Sports Direct, Tesco
6th Apr 2014 08:57
The Financial Conduct Authority ignored Bank of England warnings that it had created a false market in insurance shares for more than five hours, the Sunday Times writes. A newspaper report that the FCA planned a clampdown on insurance policies going back up to 30 years caused shares of Legal & Gene
Read moreBroker tips: BSkyB, BHP Billiton, HSBC...
3rd Apr 2014 13:52
British Sky Broadcasting's share price took a knock on Thursday after analysts at HBSC said that the recent rally suggests that 'significant risks' are being overlooked. HSBC said that fears about the upcoming auction of Premier League rights are likely to resurface following the stock's recent ral
Read moreInvestec downgrades HSBC, sees better value elsewhere
3rd Apr 2014 10:00
Investec has downgraded global banking giant HSBC from 'buy' to 'hold', saying that investors should seek 'better value elsewhere' in the sector after the stock's recent outperformance. "Curiously, HSBC outperformed the UK bank sector in the first quarter of 2014. Although its valuation metrics may
Read moreThursday broker round-up UPDATE
3rd Apr 2014 09:05
Associated British Foods: Citi increases target price from 2350p to 3000p, while its neutral rating remains unchanged. Booker Group: Investec shifts target price from 172p to 178p retaining a buy recommendation. BSkyB: HSBC Holdings moves target price from 600p to 610p, while keeping its underweig
Read moreLondon pre-open: FTSE to move higher early on
3rd Apr 2014 07:39
UK stocks are set to start today's session on a positive note, tracking gains seen in the US ahead of the ECB's latest policy meeting and following positive Chinese services data as per the latest Services Markit/HSBC services purchasing managers index (PMI). City sources predict the FTSE 100 will
Read moreFriday broker round-up UPDATE
28th Mar 2014 12:35
888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation. Aberdeen Asset Management: JP Morgan cuts target price from 529p to 509p and stays with its overweight rating. Advanced Medical Solutions: Investec shifts target price from 121p to 129p, while down
Read moreLondon midday: Blue chips fall as Crimea concerns hit markets
27th Mar 2014 12:09
- Crimea concerns hit markets after Obama warning - Banks, miners provide a drag - Babcock drops after Avincis deal, Tullow disappoints - Ofgem report weighs on utilities techMARK 2,770.56 -0.43% FTSE 100 6,571.17 -0.52% FTSE 250 16,206.99 -0.28% The UK stock market retreated from a two-week high
Read moreHSBC and RBS fail Fed capital plan tests
27th Mar 2014 08:08
The US Federal Reserve (Fed) announced on Wednesday that the American divisions of HSBC and RBS were among five banks that failed to present acceptable capital plans as part of its Comprehensive Capital Analysis and Review (CCAR) due to "qualitative concerns". The Fed approved the capital plans of
Read moreSector movers: Lloyds leads banks lower after government share sale
26th Mar 2014 15:16
UK banking stocks were among the worst performers in London on Wednesday with state-backed lender Lloyds leading the decline after the government sold another tranche of its stake. The agency that oversees the taxpayers' stake in the bank, UK Financial Investments, reduced the Treasury's sharehold
Read moreMonday newspaper round-up: Asda, Ukraine, Bank levy
24th Mar 2014 07:27
Asda will today brief senior management on the results of the review carried out on behalf of the company by consultants McKinsey to equip it for the changing retail landscape. The details of the recommendations, which some have described as a new five-year plan, have not been made public yet. Howev
Read moreLondon open: Mining stocks provide a lift early on
21st Mar 2014 08:27
- Miners recover after recent slump - Obama imposes more sanctions on Russia - Markets await speeches from Fed officials techMARK 2,803.23 +0.11% FTSE 100 6,565.89 +0.36% FTSE 250 16,219.13 +0.01% UK equities opened slightly higher on Friday as decent gains in the mining sector lifted the resource
Read moreLondon open: Stocks drop after hawkish comments from Yellen
20th Mar 2014 08:21
- Yellen says rate hike could come six months after QE ends - Fed continues to taper by 10bn dollars a month - Next impresses with full-year results techMARK 2,804.74 -0.50% FTSE 100 6,546.18 -0.41% FTSE 250 16,267.89 -0.43% UK stocks fell on Thursday morning, following a sell-off on US and Asian
Read moreLondon midday: Stocks rangebound ahead of UK Budget, FOMC
19th Mar 2014 11:33
- Osborne's 2014 Budget in focus - Jobless rate, BoE minutes, FOMC meeting - Ukraine-Russia tensions running high - Smiths Group drops on H2 outlook - Ophir plummets, Imagination jumps techMARK 2,817.88 +0.53% FTSE 100 6,595.59 -0.15% FTSE 250 16,366.11 +0.07% Stocks were trading in the red on Wed
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