Tuesday newspaper share tips: OneSavings Bank and Wolseley
7th Jun 2016 15:48
(ShareCast News) - Business is booming for OneSavings Bank, which has just clocked up a £35m profit after selling a £250m securitisation of pre-crisis mortgages, writes the Financial Times' Lex column. The buy-to-let lender intended to use the dosh to originate more mortgages, and its loan books hav
Read moreLloyds eyes bid for Bank of America's UK credit-card business - report
27th May 2016 16:36
(ShareCast News) - Lloyds Banking Group is preparing to bid for Bank of America's UK credit-card business, MBNA, in what may be its first acquisition since being rescued by taxpayers in 2009, according to a media report. MNBA, which has a loan book of about £7bn, was likely to draw interest from sev
Read moreThursday newspaper round-up: Lloyds, Tata Steel, BHS
26th May 2016 07:41
(ShareCast News) - Shares in Lloyds Banking Group have passed the level at which taxpayers break even on their stake in the bailed-out bank for the first time this year. The move through 73.6p will be closely watched by George Osborne. The chancellor was forced to postpone an offering of the bank's
Read moreFinancials lead gains as interest rate curves steepen, pound pops higher
18th May 2016 19:36
(ShareCast News) - Financials led gains in London, over on the Continent and across the Pond too, as interest rate futures continued to progressively - albeit only modestly - price-in a higher probability of a US central bank rate hike in the very near-term, perhaps as soon as the next month. As of
Read moreWednesday newspaper share tips: Lloyds, Premier Foods
18th May 2016 13:07
(ShareCast News) - UK's big banks are at a nadir in their fortunes and yet to enjoy a sustained uplift in their business, albeit with fundamentals beginning to turn north, says the Financial Times' Lex column. Mortgage, credit card and personal lending all turned a corner in 2014, and in 2015 both L
Read moreUK government plans retail sale of Lloyds stake
17th May 2016 17:09
(ShareCast News) - The UK government is planning a retail sale of its 9.2% shareholding in Lloyds Banking Group, fully returning the shares to the private sector between 2016 and 2017. HM Treasury today received a £130m dividend payment from bailed-out Lloyds, taking the total received from the bank
Read moreBanks to limit overdraft charges as CMA demands only small changes
17th May 2016 07:06
(ShareCast News) - Banks will be forced to limit overdraft charges and introduce a new standard technology to enable consumers to more easily switch between providers, among several measures proposed by the competition watchdog to improve competition in retail banking. Concluding its investigation i
Read moreSunday newspaper round-up: RBS, Shell, Cobham, BT, banks
15th May 2016 17:01
(ShareCast News) - Royal Bank of Scotland is examining a range of radical options to help speed the long-delayed separation and flotation of its Williams & Glyn subsidiary, including a potential divestment of its NatWest brand. Banking sources have indicated to the Sunday Telegraph that RBS and its
Read moreMonday broker round-up
9th May 2016 15:26
(ShareCast News) - Easyjet: RBC upgrades to outperform with a 1500p target. Restaurant Group: UBS downgrades to neutral with a 305p target. Burberry: Barclays keeps at equal-weight with a 305p target. Smith & Nephew: Berenberg reiterates buy with a target of 1300p and Barclays stays at overweight
Read moreMonday newspaper round-up: Oil prices, UK auto, Royal Mail, Saudi
9th May 2016 06:29
(ShareCast News) - Oil prices climbed more than 2% on Monday morning in Asia as traders weighed the impact of wildfires continuing to rage in Canada's top oil-producing province and a change at the top in Saudi Arabia's energy ministry. Brent crude, the international benchmark, rose as much as 2.5 p
Read moreSunday newspaper round-up: Oil, BoE, Lloyds, buy-to-let, Centrica
8th May 2016 15:45
(ShareCast News) - Low oil prices look set to drag on after Saudi Arabia's moderate oil minister Ali al-Naimi was ousted by the government. The replacement of Al-Niaimi, who was leading calls to help rebalance the struggling oil market, has scuppered hope that the world's major oil producing nations
Read moreFriday broker round-up
29th Apr 2016 12:44
(ShareCast News) - BT Group: UBS upgrades to neutral with a 430p target. Howden Joinery: JP Morgan reiterates overweight with a 570p target. Weir: HSBC upgrades to hold with a target price of 1150p JP Morgan reiterates underweight with a target of 735p and Jefferies stays at underperform with 730p
Read moreLondon pre-open: Stocks seen lower as investors digest Fed and BoJ
28th Apr 2016 07:26
(ShareCast News) - London stocks were expected to open a little lower on Thursday as investors digested the latest policy announcements from the Federal Reserve and Bank of Japan. The FTSE 100 was seen starting 20 points lower than Wednesday's close at 6,300. The Fed chose to stand pat on interest
Read moreLloyds Banking's first-quarter profits sink but beat forecasts
28th Apr 2016 07:04
(ShareCast News) - First-quarter results from Lloyds Banking Group revealed a 6% fall in underlying profit to £2.05bn due to the sale of TSB, but this was largely better than forecast as a reduction in impairment charges, PPI provisions and lower costs counterbalanced a small decline in income. A st
Read moreThursday preview: Lloyds reports first quarter interims
27th Apr 2016 12:57
(ShareCast News) - Lloyds Banking Group will be in focus on Thursday as it reports its first quarter interims following results from fellow lenders Barclays and Standard Chartered this week. Deutsche Bank (DB) has pencilled in underlying pre-tax profits of £2.07bn for the first three months of the 2
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