Lloyds executives depart as chief wields axe
12th Sep 2016 14:43
(ShareCast News) - Two executives left Lloyds Banking Group as chief executive Antonio Horta-Osorio looks to reshape the government-backed bank. Group digital director Miguel Angel Rodriguez-Sola and audit director Mary Hall decided to leave Lloyds's ranks, according to a source quoted by Sky News.
Read moreFriday broker round-up
9th Sep 2016 13:37
(ShareCast News) - Merlin Entertainments: UBS reiterates buy with a target price of 540p. Fenner: Jefferies maintains buy with a 205p target. Randgold Resources: UBS upgrades to buy with a 9750p target. Lloyds: Berenberg reiterates hold with a 55p target. BAE Systems: Goldman Sachs keeps at buy w
Read moreTuesday newspaper share tips: Lloyds, Aldermore, Hunting
6th Sep 2016 13:25
(ShareCast News) - Lloyd's Banking Group will continue to struggle as downgrades from two brokers showed, sending its shares promptly lower, according to The Telegraph's Questor column. Things had been looking up for potential investors in the bank at the start of the year as the government prepa
Read moreSantander UK reportedly mulling takeover of MBNA
5th Sep 2016 15:50
(ShareCast News) - Santander UK is reportedly considering a takeover of Bank of America's UK credit card group MBNA. Sources told Sky News that Santander UK is looking to make a formal bid for MBNA next week at the deadline for offers. Santander UK is said to be mulling the acquisition as a way of
Read moreBroker tips: Lloyds, RBS, Randgold, Zoopla
5th Sep 2016 10:34
(ShareCast News) - Lloyds and Royal Bank of Scotland were under the cosh on Monday as Deutsche Bank downgraded the stocks to adjust for a "lower-for-longer" environment. DB pointed out that UK bank shares have been particularly volatile since the UK voted to leave the European Union, with RBS, Barcl
Read moreLloyds, RBS drop on Deutsche Bank downgrades
5th Sep 2016 10:14
(ShareCast News) - Lloyds and Royal Bank of Scotland were under the cosh on Monday as Deutsche Bank downgraded the stocks to adjust for a "lower-for-longer" environment. DB pointed out that UK bank shares have been particularly volatile since the UK voted to leave the European Union, with RBS, Barcl
Read moreLloyds boss issues apology for negative publicity
24th Aug 2016 10:45
(ShareCast News) - Lloyds Bank's chief issued a statement to his 75,000 employees reassuring them of his commitment to the firm after allegations over his private life surfaced earlier this month following a business trip to Singapore, according to a report by Sky News. "I deeply regret being the ca
Read moreLondon close: Blue-chip miners, banks push FTSE higher as house builders fly
23rd Aug 2016 15:58
(ShareCast News) - London indices closed up thanks to heady gains among house builders after Persimmon posted robust first-half results, with miners, financials and supermarkets also on the up. While house builders dominated the top end of the blue-chip leaders' ladder, it was "miners and banks that
Read moreFTSE 100 movers: house builders, miners sag as easyJet firms
19th Aug 2016 14:32
(ShareCast News) - London's FTSE 100 tiptoed lower as a string of house builders sagged amid lingering concerns about the UK real estate market, and several miners slumped alongside metals prices. House builders were led lower by Persimmon, Taylor Wimpey and Barratt Developments, investors exiting t
Read moreThursday broker round-up
11th Aug 2016 19:13
(ShareCast News) - Astrazeneca: Berenberg reiterates buy with a target price of 5600p. Legal & General: RBC maintains outperform with a 300p target. Lloyds: JP Morgan reiterates neutral with a 62p target. Centamin: RBC stays at speculative risk with a 190p target. Staffline: Berenberg reiterates
Read moreBanks made to share 'open banking' data, cap overdraft fees, and more
9th Aug 2016 09:04
(ShareCast News) - High street banks will be forced to securely share data with their rivals and third parties, publish objective information about their services, warn customers when they are about to go into unarranged overdrafts or when they could get a better deal from another account, after the
Read moreBarclays rallies on Exane upgrade
8th Aug 2016 08:43
(ShareCast News) - Barclays got a boost on Monday after Exane BNP Paribas upgraded the stock to 'outperform' from 'neutral' as it took a look at UK banks. Exane pointed out that having been cautious on the stock for two years, it "made the mistake" of upgrading the recommendation shortly before the
Read moreMonday newspaper round-up: Lloyds, new post-Brexit data, banks
8th Aug 2016 06:59
(ShareCast News) - Thousands of retail investors are likely to be denied the chance of buying shares in Lloyds Banking Group at a discount as the government is expected to abandon the plan in the aftermath of market uncertainty caused by Brexit. The government put plans for a "Tell Sid" offer of Llo
Read moreRBS sinks into the red at the half-year stage
5th Aug 2016 07:03
(ShareCast News) - RBS was pushed deep into the red as a result of provisions to cover possible litigation costs linked to its 2008 rights issue just prior to its emergency rescue by taxpayers.. The mostly state-owned lender reported an attributable loss of £2.05bn at the half-year stage, compared t
Read moreLloyds capital ratio falls to 10.1% under EU stress test
1st Aug 2016 07:43
(ShareCast News) - Lloyds Bank said its core equity Tier 1 (CET1) capital ratio fell to 10.1% under an EU-wide stress test of 51 banks, compared with a 2015 year-end position of 13%. The adverse stress test scenario, which does not have a pass/fail threshold was set by the European Central Bank and
Read more