11th Dec 2020 09:22
(Sharecast News) - As Prime Minister Boris Johnson warned there was a "strong possibility" of a no-deal Brexit, analysts at Morgan Stanley considered the near-term implications of such an outcome, suggesting up to 10% downside for the domestically-focused FTSE 250 and a decline of as much as 20% for UK domestic bank stocks.
Read more11th Dec 2020 08:30
(Sharecast News) - JP Morgan downgraded NatWest to 'neutral' after the Bank of England's partial relaxation of restrictions on shareholder payouts by UK banks.
Read more10th Dec 2020 14:41
(Sharecast News) - Britain and the European Union will most likely agree a Brexit deal, but should they fail, then the Bank of England would restart its asset purchases and cut interest rates, by 50 basis points eventually, economists at Bank of America said.
Read more6th Dec 2020 17:29
(Sharecast News) - Boris Johnson told the EU Britain must have "freedom" to make its own rules last night as cabinet ministers said he should pursue a no-deal Brexit unless Brussels backs down. The prime minister and Ursula von der Leyen, the president of the European Commission, last night agreed to a "final throw of the dice" this week to salvage a deal. But a senior No 10 figure warned the chances of getting an agreement were now "no better than 50-50" after more than four years and five months of talks. - Sunday Times
Read more2nd Dec 2020 18:12
(Sharecast News) - Commodity and financial stocks were again at the top of the leaderboard in the middle of the week, helped by ongoing optimism around the macroeconomic outlook for 2021.
Read more2nd Dec 2020 11:08
(Sharecast News) - Deutsche Bank increased its share price targets for the UK's banks and named Barclays, Standard Chartered and Virgin Money as its top picks with a wave of bad loans looming.
Read more1st Dec 2020 16:42
(Sharecast News) - Financials paced gains in the first trading session of December with lenders' shares faring best as analysts weighed in with further positive views on the outlook for the sector.
Read more1st Dec 2020 07:43
(Sharecast News) - Credit Suisse has named outgoing Lloyds Banking Group chief executive António Horta-Osório as its new chairman.
Read more30th Nov 2020 07:02
(Sharecast News) - Lloyds Banking Group has hired Charlie Nunn, HSBC's head of retail banking, as the FTSE 100 lender's next chief executive.
Read more23rd Nov 2020 12:27
(Sharecast News) - UK regulators may be set to ease their resistance to dividend payments starting from early 2021.
Read more23rd Nov 2020 12:09
(Sharecast News) - Analysts at JP Morgan sounded a particularly positive note on the outlook for Barclays and NatWest Group after Bloomberg reported at the weekend that the Prudential Regulatory Authority would consider easing their resistance to dividend payouts from UK lenders on a case-by-case basis.
Read more20th Nov 2020 13:23
(Sharecast News) - Strategists at Bank of America reiterated their 'overweight' stance on so-called 'value' stocks versus 'growth', telling clients that it was the best way to position for an economic recovery into 2021 with potential upside to be had in the group versus their base case.
Read more18th Nov 2020 11:48
(Sharecast News) - Unite has criticised Lloyds Banking Group's decision to close several dozen branches across Lloyds, Halifax and Bank of Scotland, labelling the decision "unjustified", "damaging" and "devastating".
Read more10th Nov 2020 11:51
(Sharecast News) - Things are looking up for equities, especially the UK, in the wake of the reported 90% efficacy of Pfizer's Covid-19 vaccine candidate, said equity strategists at Credit Suisse.
Read more4th Nov 2020 12:50
(Sharecast News) - Lloyds Banking Group is slashing more than 1,000 jobs in its latest round of redundancies since job cuts were briefly shelved during the first Covid-19 wave.
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