Deutsche ups targets for Barclays and other UK banks
2nd 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 moreSector movers: Lenders start December on front foot, Citi and Goldman upbeat
1st 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 moreCredit Suisse names outgoing Lloyds CEO as new chairman
1st Dec 2020 07:43
(Sharecast News) - Credit Suisse has named outgoing Lloyds Banking Group chief executive António Horta-Osório as its new chairman.
Read moreLloyds hires HSBC's Charlie Nunn as CEO
30th 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 moreBank may soften resistance to restart of UK lenders' dividend payouts
23rd Nov 2020 12:27
(Sharecast News) - UK regulators may be set to ease their resistance to dividend payments starting from early 2021.
Read moreJP Morgan most positive on dividend restarts at NatWest Group and Barclays
23rd 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 moreBofA stays 'overweight' value versus growth, spies upside potential
20th 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 moreUnite criticises Lloyds's decision to go ahead and cut 56 branches
18th 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 moreGo 'overweight' cyclicals, UK set to benefit the most from vaccine news, Credit Suisse says
10th 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 moreLloyds Bank cuts more than 1,000 jobs
4th 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.
Read moreSector movers: Investors seek out value in 'bombed out' Aerospace, Bank shares
3rd Nov 2020 11:30
(Sharecast News) - Aerospace and Defence names extended their gains from the preceding session on the back of analysts' upgrades, some of whom had pointed out that the historic valuation discount versus the broader market, defined as the Stoxx Europe 600, that they had reached in October.
Read moreLloyds beats forecasts as mortgage loans power Q3 profit
29th Oct 2020 07:26
(Sharecast News) - Lloyds Bank reported better-than-expected third quarter profits and lowered its bad loan provisions after a surge in new mortgage lending.
Read moreBrexit deal may be ready by early November - Bloomberg
28th Oct 2020 14:34
(Sharecast News) - A Brexit deal could be ready by early November after progress made by negotiators in unblocking disagreements on maintaining a s0-called 'level playing field' between the UK and the European Union.
Read moreThursday preview: US Q3 GDP, Lloyds in focus
28th Oct 2020 13:57
(Sharecast News) - The spotlight on Thursday is likely to be on the US economy as a first view of third quarter US gross domestic product reveals that the economy bounced back quite quickly as the first wave of the pandemic was more or less tempered in the US, even as it was initially brought under control in Asia and Europe.
Read moreBoE's Vlieghe mulls further stimulus as Covid risk rises
20th Oct 2020 08:43
(Sharecast News) - The Bank of England's Gertjan Vlieghe looked to give some cautious support for negative interest rates on Tuesday, as he warned of a "tremendous challenge ahead" for the UK economy.
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