Citi sees contrarian 'opportunity' in UK banks
12th Oct 2020 12:40
(Sharecast News) - Analysts at Citi reiterated their 'buy' stance on several of the UK's largest lenders, citing the likely resumption of dividend payments from February 2021 onwards among some of the positives for the group.
Read moreMortgage approvals surge to 13-year high
29th Sep 2020 10:48
(Sharecast News) - Mortgage approvals soared to a near 13-year high in August, official data showed on Tuesday, as the stamp duty holiday helped further boost pent-up demand.
Read moreBank Rate has likely bottomed, BoE's Ramsden says
28th Sep 2020 13:28
(Sharecast News) - A top Bank of England official said he believed that 0.1% was likely to prove the floor for the price of money in the UK.
Read moreBoE's Bailey says MPC did not signal rates were set to go negative
22nd Sep 2020 12:14
(Sharecast News) - Rate-setters in the Bank of England are not near cutting interest rates into negative territory nor signalling such a move.
Read moreFCA says regulators face 'painful lessons' from upcoming autumn reviews
22nd Sep 2020 08:11
(Sharecast News) - UK regulators face "painful lessons" from upcoming reviews that will question how customers are and should be protected, the Financial Conduct Authority CEO said on Monday.
Read moreHSBC hits 25-year low as allegations add to pressures
21st Sep 2020 09:01
(Sharecast News) - HSBC shares fell to a 25-year low as Britain's banks were affected by allegations of moving illicit money as well as renewed pressure from the resurgence of Covid-19.
Read moreLloyds Bank at centre of hedge fund battle - report
14th Sep 2020 09:50
(Sharecast News) - Lloyds Banking Group is at the centre of a tussle between hedge funds based largely on the prospects for the UK's economy, the Financial Times reported.
Read moreFriday broker round-up
11th Sep 2020 13:47
(Sharecast News) - Vistry: JP Morgan upgrades to neutral with a target price of 670.0p.
Read moreLloyds Banking Group cuts 865 jobs
9th Sep 2020 11:56
(Sharecast News) - Lloyds Banking Group is cutting 865 jobs as it revives restructuring plans put on hold during the Covid-19 crisis.
Read moreHedge fund makes record bet against Lloyds shares
28th Aug 2020 15:28
(Sharecast News) - One of Europe's biggest hedge funds has made a record bet against Lloyds Banking Group's share price, according to a report.
Read moreUK business confidence sees biggest rise in three years, Lloyds Bank says
28th Aug 2020 08:55
(Sharecast News) - Business confidence in the UK improved for a third consecutive month in a row in August, the results of a closely-followed survey showed.
Read moreFCA tells lenders to give extra help to mortgage borrowers
26th Aug 2020 11:26
(Sharecast News) - The Financial Conduct Authority has told lenders to provide extra support for mortgage customers in difficulty after payment holidays run out in October.
Read moreFTSE 100 movers: Financials pace both gains and losses
3rd Aug 2020 18:35
(Sharecast News) - Financials topped the leaderboard at the start of the month, shaking off the read-across from HSBC's latest interim results and subsequent share price drop.
Read moreSunday newspaper round-up: BT Group, Big Lenders, Travel firms
2nd Aug 2020 18:23
(Sharecast News) - Could a French telecoms billionaire be circling BT's Openreach arm? The mutter from the City gutter is that the secretive Patrick Drahi has set his sights on the division that maintains Britain's telephone lines and internet cables. Drahi, a powerful dealmaker, now resides in Switzerland but made his fortune in France building telecoms groups Altice. The rumour claims that one of the Altice companies Drahi controls - perhaps Altice USA - has secured financial backing from heavyweight bankers at JP Morgan with a view to paying £20billion for the unit. - Mail on Sunday
Read moreFriday broker round-up
31st Jul 2020 14:11
(Sharecast News) - Greencore Group: Berenberg reiterates buy with a target price of 200.0p.
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