Go '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.
Read moreCiti 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.
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