Sunday newspaper round-up: Prudential, Bank of England, Supermarkets
8th Mar 2020 20:55
(Sharecast News) - Prudential is set to reveal plans for a partial float or sale of its American insurance business as an activist investor circles. The FTSE 100 giant is expected to outline its intention to offload a stake in Jackson, which has four million customers in the US, alongside its annual results on Wednesday. Jackson, founded in Michigan in 1961 and owned by the Pru since 1986, would be worth between $6bn (£4.5bn) and $10bn, according to insiders, although it would be towards the lower end of that range today given the cut in US interest rates in response to the coronavirus and the flight to safety that pushed yields on 10-year US Treasuries to a record low of less than 0.7%. - The Sunday Times
Read moreMonday broker round-up
24th Feb 2020 12:28
(Sharecast News) - Rentokil: Jefferies upgrades to buy with a target price of 620p.
Read moreInvestors place trust in Lloyds' upbeat outlook
20th Feb 2020 13:56
(Sharecast News) - Lloyds Banking Group shares rose on Thursday even after the FTSE 100 lender reported falling annual profit and revenue and warned profit margins would shrink this year.
Read moreLloyds annual profit falls amid challenging conditions
20th Feb 2020 07:03
(Sharecast News) - Lloyds Banking Group's underlying profit fell 7% last year as revenue declined amid what the bank described as challenging conditions.
Read moreCredit Suisse initiates coverage of UK banks; HSBC named top pick
11th Feb 2020 13:40
(Sharecast News) - Credit Suisse has initiated full coverage of the UK banking sector, upgrading HSBC to 'outperform' in the process.
Read moreLloyds CEO Horta-Osorio reportedly in line for pay cut
7th Feb 2020 09:59
(Sharecast News) - Lloyds Banking Group's boss faces a big cut to his multimillion pound pay when the bank overhauls its bonus scheme, the Financial Times reported.
Read moreLloyds set to close up to 56 branches
29th Jan 2020 08:17
(Sharecast News) - Lloyds banking group announced on Wednesday the closure of 31 Lloyds, 10 Halifax and 15 Bank of Scotland branches scheduled for between April and October of 2020.
Read moreFCA questions banks over higher overdraft rates
28th Jan 2020 07:43
(Sharecast News) - The Financial Conduct Authority has asked the big banks to reveal how they arrived at new overdraft rates of about 40% and to show how they will help affected customers after criticism of its rule changes.
Read moreLloyds to payout additional ?7m over HBOS fraud
20th Dec 2019 11:50
(Sharecast News) - Lloyds Banking Group has agreed to make a series of payments totalling around £7m to victims of the HBOS Reading fraud.
Read moreMorgan Stanley shows preference for Lloyds among UK listed lenders
19th Nov 2019 14:43
(Sharecast News) - Analysts at Morgan Stanley upgraded their view on European lenders' shares, including for the various London-listed banks, from 'in-line' to 'attractive'.
Read moreMetro Bank surges as Lloyds said to consider bid
1st Nov 2019 13:49
(Sharecast News) - Metro Bank surged on Friday following a report that Lloyds Banking Group could be interested in making a bid for the challenger bank.
Read moreLLoyds Q3 profit hit by PPI claims
31st Oct 2019 07:51
(Sharecast News) - Lloyds Banking Group reported a slump in third-quarter profits on Thursday as it took a £1.8bn hit from payment protection insurance claims.
Read moreLondon close: FTSE 250 closes at year-to-date high on Brexit deal speculation
15th Oct 2019 17:10
(Sharecast News) - London stocks finished on a mixed note on Tuesday as data showed the UK jobs market cooled in August and sterling leaped higher on Brexit deal hopes.
Read moreJP Morgan sees upside for domestic UK and Irish banks in 'soft Brexit'
14th Oct 2019 13:38
(Sharecast News) - Equity analysts at JP Morgan sounded a more positive on the prospects for domestic UK and Irish banks should the country reach an agreement with the European Union withdrawal.
Read moreMorgan Stanley 'overweight' on Lloyds, Brexit outcome key valuation driver
11th Oct 2019 13:19
(Sharecast News) - Analysts at Morgan Stanley reiterated their 'overweight' stance and 60.0p target price for shares of Lloyds on Friday following a meeting with the lender's chief, Antonio Horta-Osorio.
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