Broker tips: Barclays, Lloyds, Rio Tinto, Glencore, BHP Billiton
5th Oct 2015 15:56
(ShareCast News) - The FCA´s move on Friday to draw a line under the Payment Protection Insurance scandal is positive overall for the industry, with Lloyds likely to be the most favourably impacted, followed by Barclays, according to JP Morgan. Furthermore, analysts Raul Sinha and Vivek Gautam highl
Read moreJP Morgan stays at overweight on Lloyds and Barclays
5th Oct 2015 15:26
(ShareCast News) - The FCA´s move on Friday to draw a line under the Payment Protection Insurance scandal is positive overall for the industry, with Lloyds likely to be the most favourably impacted, followed by Barclays, according to JP Morgan. Furthermore, analysts Raul Sinha and Vivek Gautam highl
Read moreInvestec reiterates buy and 86p target on Lloyds
5th Oct 2015 14:47
(ShareCast News) - The UK government confirmed it would continue to forge ahead with the re-privatisation of Lloyds via a retail sale of at least 2bn pounds in spring 2016, news which should please investors, Investec said. That amount is slightly less than expected. Nonetheless, the government has
Read moreGovernment to sell GBP2bn stake in Lloyds to private investors
5th Oct 2015 08:06
(ShareCast News) - The Government will start offering portions of its stake in Lloyds Banking Group to private investors in spring 2016. HM Treasury announced on Monday at least £2bn of shares will be available for sale as it tries to offload its remaining 13% stake. The public will be offered a 5%
Read moreLondon close: Stocks gain as disappointing non-farm payrolls push back rate hike forecasts
2nd Oct 2015 16:10
(ShareCast News) - UK stocks ended higher on Friday after a disappointing US non-farm payrolls report pushed back expectations for an interest rate hike. Non-farm payrolls rose 142,000 in September, falling well short of analysts' estimates for a 201,000 increase, the Labor Department revealed. Augu
Read moreFTSE 100 movers: Banks rise after PPI deadline proposed; Experian falls after hack
2nd Oct 2015 14:35
(ShareCast News) - After a strong start to the day, the FTSE drastically dropped back to 6,080.75 mid-afternoon, up 8.28 points (0.14%). Shares in banks were the big winners of the day after news the Financial Conduct Authority is considering a deadline of spring 2018 for any final payment protectio
Read moreNomura still bullish on UK domestic banks, Barclays and Lloyds among top picks
29th Sep 2015 10:15
(ShareCast News) - Nomura remains bullish on domestic UK banks, highlighting Barclays and Lloyds Banking Group among its top five picks in the sector. It said that despite a number of headwinds facing the UK banks, they appear well positioned relative to peers in terms of capital, underlying profita
Read moreLondon close: Stocks increase as US GDP revised higher, Yellen signals rate hike
25th Sep 2015 17:09
(ShareCast News) - London stocks finished Friday's session in positive territory after figures US gross domestic product for the second quarter was unexpectedly revised higher, adding to the case for an interest rate hike later this year. The third and final estimate of second quarter US GDP was rev
Read moreLondon open: Stocks rise after Fed's Yellen says rates will rise this year
25th Sep 2015 08:38
(ShareCast News) - UK stocks gained after Federal Reserve chair Janet Yellen said an increase in interest rates is likely to happen this year. Yellen said she expects inflation to return to the Fed's 2% target over the next few years and that weak growth in emerging economies will not have a big eno
Read moreUK government cuts stake in Lloyds to just under 12%
25th Sep 2015 07:52
(ShareCast News) - The UK government had cut its stake in Lloyds Banking Group to 11.98% from 12.97% in August. The government, which provided Lloyds with a £20.5bn rescue package in 2008 giving it a 43% stake, is in the process of returning the bank to private ownership. In August, Chancellor Geor
Read moreFTSE 100 movers: Lloyds tipped to be dividend heavyweight, Rolls-Royce dips despite new contracts
24th Sep 2015 13:54
(ShareCast News) - The FTSE 100 peaked at around 0915 BST, but then declined 64.83 points (1.07%) to 5967.41 by mid-afternoon Thursday. Lloyds Banking Group surged on the news that fund manager Alex Wright tipped the bank to become a dividend heavyweight over the next two years. That sent stock pric
Read moreTuesday newspaper round-up: RBS, FCA, British Gas
22nd Sep 2015 05:56
(ShareCast News) - UK Financial Investments, the body charged with managing the state's holdings in RBS and Lloyds Banking Group, has been ordered by the Treasury select committee to explain why the government needed to commission a separate report into the sale from Rothschild, despite having an in
Read moreSunday share tips: Dairy Crest, Cluff Natural Resources, tightening cycle stocks
20th Sep 2015 15:08
(ShareCast News) - Dairy Crest shares are worth buying, said Danny Fortson in the Sunday Times' Inside the City column. Investors are currently awaiting a Competition & Markets Authority decision on 19 October whether to allow Dairy Crest to sell its dairy business, roughly two thirds of group sales
Read moreMacquarie stays long on Barclays, sees possible seismic shift in retail banking
14th Sep 2015 12:40
(ShareCast News) - Barclays was taking the "correct" approach to defending its terrain in the Payments arena against the onslaught of new entrants into the market and was better placed than the more retail-facing lenders to withstand, some analysts believed. Following an investor lunch with Barclayc
Read moreBanks' technology investments are not panacea yet, warns Bernstein
14th Sep 2015 10:18
(ShareCast News) - Bernstein warned investors not to expect the rise of financial technology to enable banks to significantly cull branch numbers in coming years, but that substantial changes to the industry are still likely via 'fintech'. Bernstein, whose current stance on UK banks has Royal Bank o
Read more