Citi stays at 'buy' Lloyds and NatWest Group, but 'neutral' towards most lenders
8th Feb 2021 11:52
(Sharecast News) - Analysts at Citi reiterated their 'buy' stance for shares of NatWest Group and Lloyds, but stayed at 'neutral' for most of the UK's domestic and international banks.
Read moreLloyds to cut 160 jobs at Isle of Man call centre
4th Feb 2021 16:19
(Sharecast News) - As many as 190 jobs at Lloyds Banking Group are at risk, with the lender looking to cut staff at its Isle of Man call centre, which primarily helps business banking customers.
Read moreCrisis hits more than 500 UK company dividends
6th Jan 2021 11:01
(Sharecast News) - More than 500 UK-listed companies scrapped, cut or suspended dividend payments in 2020 as the Covid-19 crisis threatened their finances, a survey showed.
Read moreLloyds Bank scraps all bonuses as crisis hits profit
18th Dec 2020 13:50
(Sharecast News) - Lloyds Banking Group has scrapped all staff bonuses for 2020 because of a drop in profit caused by the coronavirus pandemic, the Financial Times reported.
Read moreLloyd's to quit fossil fuel investments by 2022
17th Dec 2020 10:13
(Sharecast News) - Lloyd's, the world's biggest insurance market, said it would no longer invest in fossil fuel projects from January 2022 and would pull insurance on existing investments by 2030. .
Read moreFederal Reserve 'tweaks' QE guidance to easier for longer
16th Dec 2020 19:59
(Sharecast News) - The Federal Reserve 'tweaked' its guidance for asset purchases on Thursday night, from time-based to outcome-based.
Read moreFCA fines halve in 2020 as number hits record low
16th Dec 2020 08:38
(Sharecast News) - Fines imposed by the Financial Conduct Authority have more than halved in 2020 as the number of penalties has dropped to a record low.
Read moreS&P says UK sovereign debt rating might come under pressure in 'no deal' Brexit
14th Dec 2020 14:15
(Sharecast News) - One of the world's top three credit rating agencies said a 'no deal' Brexit could see its rating for the UK's sovereign debt come under pressure should it complicate the outlook for the economy and fiscal consolidation.
Read moreBoE doing extensive work on possible impact of adopting negative interest rates
11th Dec 2020 12:43
(Sharecast News) - Extensive work was being carried out at the Bank of England on the possible implications and practicalities around adopting negative interest rates.
Read morePound falls as Brussels warns talks likely to fail
11th Dec 2020 10:22
(Sharecast News) - The pound fell against the euro and the dollar after Ursula von der Leyen warned trade talks with the UK were likely to fail.
Read moreFTSE 250 could drop up to 10% in no-deal Brexit, says Morgan Stanley
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 moreJP Morgan cuts NatWest to 'neutral' after BoE dividend move
11th 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 moreBofA doesn't expect BoE to ease even if Brexit news is negative
10th 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 moreSunday newspaper round-up: Brexit, North Sea, Netflix
6th 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 moreSector movers: Oil&Gas stocks and Banks pace gains
2nd 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.
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