BofA 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.
Read moreDeutsche 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.
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