UBS issues reality check to global banks but likes Lloyds, RBS
3rd Feb 2016 14:48
(ShareCast News) - UBS had a reality check for global banks in 2016, warning that another year of fundamental headwinds such as oil and central bank policy will likely weigh on earnings expectations. Strategist Philip Finch said sentiment towards the banking sector had become more balanced, although
Read moreBarclays wary of regulatory 'bumps' for RBS, hikes Lloyds PPI forecasts
1st Feb 2016 16:44
(ShareCast News) - Barclays analysts have increased their estimates for Lloyds Banking Group' PPI mis-selling provisions but said Royal Bank of Scotland was "still a few years away" from being an attractive investment. Lloyds's forecast fourth-quarter provisions for PPI were upped to £2bn from £0.8b
Read moreGovt's Lloyds Bank share sale postponed due to "market turbulence"
28th Jan 2016 11:03
(ShareCast News) - The government's plans to sell its remaining stake in Lloyds Banking Group has been postponed, according to reports. Chancellor of the Exchequer George Osborne has said the offer will be delayed, blaming the move on "market turbulence" according to Sky News. Shares in the bank ha
Read moreFTSE 100 movers: Miners dominate as market claws back losses
26th Jan 2016 13:43
(ShareCast News) - After starting the day in the red, the FTSE 100 clawed back to even territory by rising 3.09 points (0.05%) to 5,880.09 by mid-afternoon. Miners dominated the risers list as oil prices stayed above $30 a barrel and gave the market some confidence. At 1416 GMT, Brent crude had rise
Read moreBroker tips: PZ Cussons, Vodafone, UK banks
26th Jan 2016 13:06
(ShareCast News) - PZ Cussons has achieved a "solid" first half given the challenges, according to Investec. The consumer goods company reported a 0.2% dip in reported revenue to £385.9m in the first half due to foreign exchange headwinds. Pre-tax profit fell 3.7% on a reported basis to £42.1m. The
Read moreUBS ups RBS to 'buy' as it re-initiates coverage on UK banks
26th Jan 2016 09:02
(ShareCast News) - UBS re-initiated coverage on the five large UK banks, backed by new models and analytical support. It upgraded Royal Bank of Scotland to 'buy' from 'neutral', cutting the target price to 350p from 363p. UBS argued that until now, the bank's small index weight - 0.6% of the FTSE 1
Read moreBroker tips: Tesco, Kingfisher, Lloyds
25th Jan 2016 15:16
(ShareCast News) - Tesco may be slapped with a fine of up to £500m by the Serious Fraud Office over its £326m accounting black hole, according to Cantor Fitzgerald analyst Mike Dennis. He said the SFO's findings, possible fines and trading restrictions on Tesco, after an investigation launched in 2
Read moreFTSE 100 movers: Investors not happy with Kingfisher's transformation programme
25th Jan 2016 14:05
(ShareCast News) - The FTSE 100 started the week in the red, with the blue chip market down 21.22 points (0.36%) to 5,878.79 by mid-afternoon Monday. Shares in Kingfisher dropped after the B&Q owner announced a five-year transformation programme on Monday, saying it plans to deliver a £500m sustaina
Read moreBuy Lloyds on pull-backs in share price, JP Morgan says
25th Jan 2016 10:33
(ShareCast News) - Lloyds Bank was best placed among the UK´s High Street lenders to complete its balance sheet transformation and become a dividend growth story again, JP Morgan said in a research note sent to clients. Analyst Raul Sinha estimated that Lloyds would announce a 2015 dividend of 2.0p
Read moreLloyds and other lenders set to announce fresh PPI provisions, report claims
25th Jan 2016 10:20
(ShareCast News) - Britain's largest lenders are preparing to set aside billions of more pounds for provisions against the payment protection insurance mis-selling scandal, according to reports over the weekend. Insiders from Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland and Santander
Read moreTuesday broker round-up
19th Jan 2016 14:22
(ShareCast News) - Royal Dutch Shell: Cannacord Genuity lowers target from 1,775p to 1,550p and reiterates hold. Burberry Group: Liberum reiterates sell with a 925p target; RBC reiterates neutral yet trims target from 1,300p to 1,275p; UBS up target from 1,400p to 1,500p staying at buy. Tullow Oil:
Read moreFTSE 100 movers: China data gives boost to miners
19th Jan 2016 13:38
(ShareCast News) - The FTSE 100 surged on Tuesday, rising 102.51 points (1.77%) to 5,882.43 by mid-afternoon. The market was led by the miners, after worse-than-expected economic growth data from one of the world's largest commodities consumers raised hopes of further stimulus measures. China's gro
Read moreBarclays confident on dividend prospects at Lloyds
19th Jan 2016 12:15
(ShareCast News) - Volatility in markets since the start of 2016 has apparently led investors to seek cover in those lenders' shares whose dividend payouts seem more secure, analysts at Barclays said. This "marked preference" for dividends that can be seen (ie near-term) versus those that need to be
Read moreFTSE 100 movers: China confidence boosts miners
13th Jan 2016 14:05
(ShareCast News) - The FTSE 100 was in the black again on Wednesday, up 73.00 points (1.23%) by mid-afternoon to 6,002.24. Miners led the way as confidence was restored somewhat in China, the world's largest commodities importer after data showed China's trade surplus rose more than expected. It wi
Read moreBroker tips: Sainsbury's, BBA Aviation, Lloyds
13th Jan 2016 12:55
(ShareCast News) - Sainsbury's third quarter highlights the group's compelling strategy and differentiation from the other 'Big Four' supermarkets, Societe Generale said on Wednesday. The company's like-for-like (LFL) retail sales were down 0.4% over the festive third quarter but by less than the 0.
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