Broker tips: UK banks, Enterprise, Babcock
12th May 2009 13:06
Credit Suisse has upped its price targets on part-nationalised banks Royal Bank of Scotland and Lloyds Banking Group but the increased targets are still below both banks' current share prices. Royal Bank of Scotland has had its target price increased from 25p to 30p, while Lloyds' price target is b
Read moreLondon midday: Banks lower on margin worries
12th May 2009 12:13
The market had an indecisive morning, with yesterday's decline after four successive days of gains giving investors pause for thought. Banking is the weakest sector after a cautious review of UK banks by Credit Suisse. The Swiss bank has cut its ratings on Barclays and Royal Bank of Scotland, with
Read moreTechnical Analysis: Banks running out of steam
12th May 2009 10:56
Since March the banking sector has undergone a significant turn around in fortunes. This turnaround must be put into context of its decline since 2007. Since the peaks of 11,696.30 in February 2007 the sector has plummeted over 85% peak to trough so it was inevitable that there would be a bounce at
Read moreBroker snap: Credit Suisse warns on banking margins
12th May 2009 10:01
Credit Suisse has upped its price targets on part-nationalised banks Royal Bank of Scotland and Lloyds Banking Group but the increased targets are still below both banks’ current share prices. Royal Bank of Scotland has had its target price increased from 25p to 30p, while Lloyds’ price target is b
Read moreLondon open: Dull start for Footsie
12th May 2009 08:46
London's blue chips have opened lower as investors digest a string of trading statements and results. Pubs group Enterprise Inns has called time on its dividend as it seeks to pay down its debt pile. The company announced an interim pre-tax profit of £103m, in line with market expectations but down
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