HSBC mulls sale of some Latin American operations
10th May 2012 07:02
The reshaping of global banking colossus HSBC continues with the group confirming it is talks about the possible sale of its operations in Colombia, Peru, Uruguay and Paraguay. The group is engaged in a process of dispensing with non-core businesses. Last month it said it was in talks to sell its o
Read moreBroker tips: HSBC, Sage, IHG
9th May 2012 11:10
Nomura has reiterated its buy recommendation and 650p target price for global banking giant HSBC, saying that consensus forecasts may increase slightly following the firm's first-quarter results yesterday. "The HSBC Q1 figures are unlikely to change perceptions of the group materially, in our view.
Read moreBroker snap: HSBC still a buy, says Nomura
9th May 2012 10:44
Nomura has reiterated its buy recommendation and 650p target price for global banking giant HSBC, saying that consensus forecasts may increase slightly following the firm's first-quarter results yesterday. "The HSBC Q1 figures are unlikely to change perceptions of the group materially, in our view.
Read moreWednesday broker round-up
9th May 2012 10:03
Anglo American: AlphaValue upgrades from add to buy, target cut from 2,767.9 to 2,731.3p. ARM Holdings: AlphaValue upgrades from sell to reduce, target cut from 459.7p to 458.7p. Balfour Beatty: Investec keeps sell recommendation and 210p target. Centamin: Investec keeps buy rating and 95p target
Read moreLondon close: Footsie drops to 2012-low on euro uncertainty
8th May 2012 16:26
- Global stock markets plunge on Greek uncertainty - Footsie sinks to 19-week low - Miners lead the sell-off in London An early sell-off in New York sent UK stocks reeling on Tuesday afternoon, pushing the Footsie to its lowest closing level in 2012 so far. Political uncertainty in the Eurozone tod
Read moreLondon midday: Miners pull Footsie lower, Eurozone in focus
8th May 2012 11:33
- European elections cast a shadow over the market - Miners track metals prices lower - Aviva, Tullow on the rise Political uncertainty in Europe and falling metals prices meant that London-listed miners were the worst performers of the day by Tuesday lunchtime, pulling the FTSE 100 index firmly in
Read moreHSBC first quarter profits fall
8th May 2012 09:48
HSBC, Europe's biggest bank, said profits fell in the first quarter after it was hit by a revaluation of its debt. Reported pre-tax profit for the quarter was down $0.6bn compared with the first quarter of 2011 to $4.3bn. This included adverse credit spread movements of $2.6bn on the fair value of
Read moreHSBC to transfer US mortgage services to PHH
8th May 2012 07:21
HSBC's US subsidiary will see PHH Mortgage Corporation manage its mortgage-processing and servicing operations as part of a new strategic relationship. PHH Mortgage, the subsidiary of PHH Corporation, will provide HSBC with mortgage originations processing services as well as sub-servicing of the b
Read moreWeek Ahead: Sainsbury, HSBC, BoE base rate
4th May 2012 12:10
Results from Sainsbury on Wednesday may give some pointers whether sector leader Tesco is finally rousing from its slumbers in the UK. Results from Morrisons in the first week of May showed the supermarket chain suffering its first year-on-year fall in like-for-like (LFL) sales since the time it bi
Read moreFriday broker round-up
4th May 2012 09:21
AstraZeneca: UBS raises target from 3,400p to 3,500p, buy rating unchanged. BG Group: Nomura cuts target from 1,950p to 1,850p, buy rating kept. British Land: Jefferies upgrades British Land from hold to buy, targetupped from 517p to 543p. Dairy Crest: Jefferies initiates coverage with a buy reco
Read moreLondon midday: Investors eye ECB decision as stocks edge higher
3rd May 2012 12:08
- Investors await ECB decision - Successful bond auctions in France, Spain - Mixed reception to barrage of corporate updates The Footsie had traded within a narrow range in morning trade after a strong start ahead of a closely watch interest rate decision from the European Central Bank (ECB) due th
Read moreThursday broker round-up
3rd May 2012 09:15
Afren: finnCap downgrades from buy to hold. Carnival: Shore Capital upgrades from hold to buy. CSR: Jefferies reiterates buy rating and 290p target. Fenner: Credit Suisse downgrades from outperform to neutral, target cut from 540p to 480p. Ferrexpo: Renaissance Capital upgrades from hold to buy.
Read moreLondon pre-open: Slight fall in store for FTSE
2nd May 2012 07:37
City sources predict the FTSE 100 will open up five points from yesterday's close of 5,812, paring some of Tuesday's gains following Chinese PMI data, which came in below expectations. Standard Chartered bank said its broad geographic base once again helped it secure a strong start to the year wi
Read moreHSBC completes sale of US card unit to Capital One
2nd May 2012 07:05
Global banking titan HSBC has completed the sale of its US card and retail services business to American card and banking group Capital One Financial Corporation. The acquisition, first agreed back in August of 2011, was subject to various conditions including governmental and regulatory approvals;
Read moreTuesday broker round-up - UPDATE
1st May 2012 08:09
Aberdeen Asset Management: Citigroup ups target from 290p to 310p, buy rating kept; Barclays Capital raises target from 260p to 285p, equal weight retained; UBS lifts target from 310p to 340p, buy rating unchanged. Avocet Mining: Nomura reiterates buy recommendation and 310p target. Cape: Arden Pa
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