Buy 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.
Read moreLloyds downgraded on Exane's bleak outlook for sector
13th Jan 2016 08:49
(ShareCast News) - Exane BNP Paribas has downgraded Lloyds Banking Group from 'neutral' to 'underperform' and reiterated its 'underperform' rating for Barclays on a bleak operational outlook for UK banks. In a note to investors on Wednesday, it said comments from the Department for Business, Innovat
Read moreSunday newspaper round-up: BT, Shire, Sainsbury's, Laird
10th Jan 2016 16:15
(ShareCast News) - A handful of much-anticipated deals could be announced in the coming week, according to the Sunday newspapers, including BT's acquisition of EE, Shire's takeover of Baxalta and Sainsbury's follow up offer for Home Retail. BT's acquisition of mobile phone network EE will be given f
Read moreMonday newspaper round-up: Saudi/Iran, Shire, retailers, LLoyds
4th Jan 2016 07:11
(ShareCast News) - Saudi Arabia on Sunday severed ties with Iran in the escalating dispute over the execution of a Shia cleric by Riyadh and the consequent storming of the Saudi embassy in Tehran. As the diplomatic crisis between the regional rivals escalated, Saudi foreign minister Adel al-Jubeir t
Read moreLloyds wins appeal over high-interest bonds
10th Dec 2015 11:16
(ShareCast News) - Lloyds Banking Group shares popped higher after the bank said it has won an appeal to buy back high-interest bonds early. Lloyds said the Court of Appeal found unanimously in the group's favour that a capital disqualification event, as defined in the conditions of the enhanced cap
Read moreLondon midday: Equities slide as BoE keeps interest rates unchanged
10th Dec 2015 11:09
(ShareCast News) - UK equities declined as the Bank of England voted 8-1 to keep interest rates unchanged. The BoE left interest rates at 0.5% and the asset purchase programme at £375bn, as expected by analysts, amid a slowdown in emerging economies, low inflation and a strong pound. The minutes of
Read moreUK government extends Lloyds selloff plan by up to six months
4th Dec 2015 09:35
(ShareCast News) - The UK government has announced plans to keep selling shares in Lloyds Banking Group to institutional investors, extending its original trading plan by up to six months. In a statement on Friday, UK Financial Investments Ltd - which is managing the sale on the government's behalf
Read moreFTSE 100 movers: Banks lead the charge after stress test results
1st Dec 2015 14:15
(ShareCast News) - The FTSE 100 was in the black on Tuesday, sitting at 6,379.33, up 23.24 points (0.37%) by mid-afternoon. The biggest risers came from the banking sector after all seven of Britain's largest banks passed stress tests by the Bank of England, with Governor Mark Carney assuring that n
Read moreAll seven UK banks pass BoE stress tests
1st Dec 2015 07:06
(ShareCast News) - All seven of Britain's largest banks have passed stress tests by the Bank of England, with Governor Mark Carney assuring that no new wave of higher capital requirements was incoming. Investors took confidence from Carney's affirmation that banks would need to hold Tier 1 equity of
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