Lloyds tops PPI complaints list at financial ombudsman
23rd Feb 2016 08:50
(ShareCast News) - Complaints about payment protection insurance continue to be made against major high street banks, data from the financial ombudsman showed, with Lloyds Banking Group a serial offender. Of the total new cases referred to the ombudsman in the six months to 31 December, 56% were
Read moreSunday newspaper round-up: GSK, Sainsbury's, BT, Imagination Technologies
21st Feb 2016 17:23
(ShareCast News) - Financial institutions in the City of London are fairly pleased with David Cameron's agreement with the European Union ahead of June's referendum as it looks to have secured the Square Mile from excessive further Brussels red tape. A potentially painful sticking point has been avo
Read moreCitySprint wins LDC cash to speed same-day delivery, Dunedin IT to wind down
18th Feb 2016 15:55
(ShareCast News) - CitySprint, the same-day delivery company, has completed a secondary buyout that values it at £175m, with owner private equity owner Dunedin selling a stake to Lloyds' private equity arm LDC. CitySprint, which claims to operate the UK's largest privately-owned national delivery ne
Read moreThursday newspaper share tips: Steer clear of banking sector
11th Feb 2016 11:35
(ShareCast News) - The Telegraph's Questor wasn't so hot on the UK banking sector as it published an in-depth look into it on Thursday The column noted that shares in the sector have fallen over 20% so far this year, due to fears about how it would cope in another downturn. It said there is an elem
Read moreWednesday broker round-up
10th Feb 2016 16:22
(ShareCast News) - Virgin Money: Nomura starts coverage at buy with a target of 445p. Domino's Pizza: Credit Suisse upgrades to outperform with a target price of 1100p. BBA Aviation: Goldman Sachs downgrades to neutral with 181p target. Greencore: Societe Generale reiterates hold with a 386p targe
Read moreBroker tips: Barclays, Lloyds, RBS, Beazley
4th Feb 2016 15:46
(ShareCast News) - The exposure of UK banks to China and oil should not be a material concern and the prospects for dividends have improved but the likelihood of later rate hikes in the UK means their shares are now worth less, HSBC analysts said. To back-up their claim as regards China and crude oi
Read moreHSBC cuts price targets for Barclays, Lloyds and RBS
4th Feb 2016 12:28
(ShareCast News) - The exposure of UK banks to China and oil should not be a material concern and the prospects for dividends have improved but the likelihood of later rate hikes in the UK means their shares are now worth less, HSBC analysts said. To back-up their claim as regards China and crude oi
Read moreUBS 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
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