Goldman upgrades RBS on valuation, better capital return prospects
12th Sep 2018 10:29
(Sharecast News) - Goldman Sachs upgraded Royal Bank of Scotland to 'buy' from 'neutral' and lifted the price target by 5% to 345p on Wednesday, citing an attractive valuation and better capital return prospects over the medium term.
Read moreBrexit tail-risks for UK banks are rising, JP Morgan says
5th Sep 2018 15:17
(Sharecast News) - Analysts at JP Morgan sounded an upbeat note on shares of UK lenders on Wednesday, even as they warned that Brexit 'tail-risks' were rising.
Read moreBerenberg ups Lloyds to 'hold' on valuation
4th Sep 2018 14:03
(Sharecast News) - Berenberg upgraded Lloyds Banking Group to 'hold' from 'sell' on Tuesday on valuation grounds, keeping the price target at 60p.
Read moreMelrose in talks to transfer one of GKN's pension schemes
31st Aug 2018 18:46
(Sharecast News) - Turnaround specialist Melrose is studying offloading the smaller of engineer GKN's two retirement schemes, with liabilities of close to £500.0m, to an insurer.
Read moreLloyds completes £1bn share repurchase programme
28th Aug 2018 08:05
(Sharecast News) - Lloyds Banking Group announced on Tuesday that, following the purchase of ordinary shares on 24 August, its share buyback programme as announced on 8 March was completed in accordance with the terms.
Read moreHSBC trims Lloyds target price and upgrades RBS, but prefers Barclays
17th Aug 2018 14:41
(Sharecast News) - Analysts at HSBC sounded a more positive note on RBS and Barclays on Friday, but not Lloyds, following the 15-20% decline in their share prices over the past three months, on the back of concerns around geopolitics (and Brexit).
Read moreSector movers: Financials pace gains
8th Aug 2018 17:04
(Sharecast News) - Financials lent their weight to Wednesday's stockmarket advance, with Prudential at the head of the pack on the back of its latest half-year numbers.
Read moreFTSE 100 movers: Paper, scissors, rock...Smurfit at the top
1st Aug 2018 16:17
(Sharecast News) - Papers, scissors, rocks.. Smurfit at the top.
Read moreLloyds first-half profit rises as PPI bill falls
1st Aug 2018 07:47
(Sharecast News) - Lloyds Banking Group's first half profit jumped 23% as the bank's bill for payment protection insurance and other compensation costs almost halved.
Read moreFCA may force banks to pay minimum savings rate
25th Jul 2018 08:26
(Sharecast News) - The Financial Conduct Authority has proposed forcing banks to pay a minimum rate of interest on cash savings to stop companies taking advantage of customers.
Read moreChoose cautious RBS over risky Lloyds, Berenberg says
23rd Jul 2018 10:49
(Sharecast News) - UK banks are out of favour with investors but it is possible to differentiate between the riskiest, Lloyds Banking Group and Royal Bank of Scotland, whose cautious strategy is paying off, Berenberg analysts said on Monday.
Read moreSector movers: Lenders' shares pace gains amid Fed chatter
15th Feb 2017 17:49
(ShareCast News) - Banks paced gains in the market on Wednesday amid a bevy of relatively confident Fed speak. "The best performing sector has been banks and financials which are leading the gainers on the back of yesterday's hawkish interpretation of Fed Chief Janet Yellen's comments to the Senate
Read moreLondon close: FTSE gains on financials as US consumer inflation surprises
15th Feb 2017 17:15
(ShareCast News) - London stocks ended Wednesday higher as investors considered news that UK's jobless rate held steady at end-2016, with forecast-busting US inflation numbers helping boost global markets led north by financials. The FTSE 100 ended the session up 0.47% or 33.85 points at 7,302.41, s
Read moreLloyds to review compensation for HBOS fraud victims
7th Feb 2017 10:52
(ShareCast News) - Lloyds Banking Group has appointed consultants to assess whether the bank should pay out compensation to business customers affected by the fraud carried out by former executives of its HBOS arm. On Monday, MPs called for compensation to be paid to victims and for Lloyds to conduc
Read moreHSBC raises targets on Barclays and RBS, upgrades Lloyds
6th Feb 2017 12:55
(ShareCast News) - It remained to be seen whether the UK had successfully navigated the Brexit storm or if the calm before the storm had lasted longer than initially foreseen, but in any case the implications for UK banks now looked "very different" than they did last summer, HSBC said. To back up t
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