FTSE 100 movers: Vodafone rises after completion of share consolidation
24th Feb 2014 14:17
Vodafone shares were higher following the completion of the sale of its stake in Verizon Wireless and the attendant share consolidation. The sale has reduced the value of the telecoms giant by nearly 51bn pounds. The firm also announced its intention to redeem approximately 3.5bn pounds of its own n
Read moreSector movers: Mobile telecoms gain, industrial metals fall
24th Feb 2014 14:10
Shares of Vodafone gained once allowance was made for the share consolidation resulting from the disposal of its 45 per cent stake in US mobile phone company Verizon Wireless. Commenting on the outlook for the company, analysts at Deutsche Bank pointed out that adjusting for the costs associated wi
Read moreLondon midday: HSBC misses forecasts by a wide margin
24th Feb 2014 12:00
- HSBC misses profits forecasts by a wide margin - Credit Suisse and Panmure Gordon lift price targets for ABF - Carney dismissed banks' capital requirement concerns - Bunzl jumps on strong results techMARK 2,897.49 +0.11% FTSE 100 6,818.18 -0.29% FTSE 250 16,435.89 -0.15% Stocks were holding slig
Read moreBroker tips: HSBC, Bovis Homes, Rightmove
24th Feb 2014 11:43
HSBC´s management made good progress in 'right-sizing' the lender´s operations given the current capital regime and the bank continued to be well-capitalised under the new basel framework for regulatory capital, Canaccord Genuity explained to clients in a note on Monday. Nonetheless, the broker cut
Read moreCanaccord cuts target price on HSBC to 750p
24th Feb 2014 11:42
HSBC´s management made good progress in 'right-sizing' the lender´s operations given the current capital regime and the bank continued to be well-capitalised under the new basel framework for regulatory capital, Canaccord Genuity explained to clients in a note on Monday. Nonetheless, the broker cut
Read moreHargreaves says HSBC a 'core' sector investment despite 2013 profits at lower end
24th Feb 2014 10:44
Most analysts´opinions on HSBC continue to point towards a 'buy' despite concerns of volatality in emerging markets and 2013 results having come in at the lower end of expectations, Hargreaves Lansdown noted on Monday. The broker commented on how some of management´s efficiency targets were missed
Read moreHSBC profits up 9 per cent to 22.5bn dollars, missing forecasts
24th Feb 2014 08:53
Pre-tax profits at HSBC rose nine per cent in 2013 to 22.5bn dollars (consensus: 24.6bn dollars) as the company continued to slash costs and jobs in its drive to reduce operating expenses. It also warned that it expects "greater volatility in 2014 and choppy markets as adjustments are made to chang
Read moreMonday broker round-up UPDATE
24th Feb 2014 08:15
Associated British Foods: Numis downgrades from reduce to sell with a target price of 2240p. Panmure Gordon raises target price from 2500p to 2760p and maintains a hold recommendation. Jefferies increases target price from 2450p to 2600p and keeps a hold recommendation. Aviva: JP Morgan shifts targ
Read moreSunday newspaper round-up: RSA, RBS, BSkyB
23rd Feb 2014 14:15
Stephen Hester, the new Chief Executive of RSA Insurance, is preparing an 800m pounds rights issue to strengthen the company's balance sheet, the Sunday Times said. Hester, who joined RSA three weeks ago, is expected to announce the capital raising with annual results on February 27th. The fundraisi
Read moreHSBC welcomes former SEC Commissioner to its board
21st Feb 2014 13:03
The former Commissioner of the US Securities & Exchange Commission (SEC) has agreed to join the board of HSBC as a Non-Executive Director. Kathleen Casey, who occupied the top seat at the regulator between 2006 and 2011, will become a member of the audit committee and the Financial System Vulnerab
Read moreBroker tips: HSBC, Glencore Xstrata, M&S, Anglo American
19th Feb 2014 12:13
Deutsche Bank has reiterated its 'hold' recommendation for banking giant HSBC ahead of its annual results next Monday, saying that these figures are 'much more important than usual'. The target price for the stock has been reduced slightly from 710p to 700p to reflect recent changes in the dollar-st
Read moreHSBC a 'hold' ahead of annual results, says Deutsche Bank
19th Feb 2014 10:50
Deutsche Bank has reiterated its 'hold' recommendation for banking giant HSBC ahead of its annual results next Monday, saying that these figures are 'much more important than usual'. "We think this release takes on additional importance given the significant leg-down seen in HSBC's price-to-earning
Read moreWednesday broker round-up UPDATE
19th Feb 2014 08:33
Anite: Panmure Gordon lowers target price from 146p to 139p, while leaving its buy recommendation unaltered. Bank of Georgia: Canaccord Genuity increases target price from 2100p to 2400p, while leaving its hold recommendation unchanged. BHP Billiton: Investec raises target price from 1926p to 1985
Read moreUK stocks edge lower as investors await Eurozone GDP
14th Feb 2014 09:05
- Eurozone GDP figures ahead - Italian politics in focus as PM resigns - Miners rise strongly, banks and retailers fall techMARK 2,822.53 -0.05% FTSE 100 6,650.83 -0.13% FTSE 250 16,045.41 +0.10% UK stocks opened slightly lower on Friday morning with strong gains from mining stocks outweighed by w
Read moreBarclays and Santander face risk from "Fragile 8" - Fitch
11th Feb 2014 15:06
Several European banks including Britain's Barclays and Spain's Santander may be at risk from problems in more vulnerable emerging markets dubbed the "Fragile 8", rating agency Fitch claims. Fitch said Barclays, Santander, BBVA, Standard Chartered and Unicredit all have material exposure to one or
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