Sector movers: Standard Chartered, Lloyds drag UK banks lower
28th Oct 2014 13:20
The second profit warning in a year from Standard Chartered and some underwhelming results from Lloyds ensured that the banking sector was the worst-performing segment in London on Tuesday. Shares of Asia-focused StanChart were down 9% in afternoon trade after the bank warned that second-half underl
Read moreLondon open: UK stocks rise, but Lloyds and StanChart fall
28th Oct 2014 08:54
Despite some heavy falls from banking heavyweights Lloyds and Standard Chartered, UK stocks advanced on Tuesday morning as the FTSE 100 rebounded from a one-week low. London's benchmark index was up 0.6% at 6,404 in early deals, helped by decent gains from oil major BP. The Footsie closed at 6,363.
Read moreLondon pre-open: Calm session expected ahead of Wednesday's FOMC decision
28th Oct 2014 07:42
London's blue chips are set for a reversal of Monday's losses, with a degree of calmness expected in markets ahead of Wednesday's Federal Open Market Committee (FOMC) meeting. City sources predict the FTSE 100 will open around 32 points higher than Monday's close of 6,363.46. "It's been a very calm
Read moreLloyds profits beat targets as dividend pledged for full year - UPDATE
28th Oct 2014 07:14
Underlying profits were higher than expected at Lloyds Banking Group in the third quarter as it confirmed cost-cutting plans to cut 9,000 jobs and close a net 150 branches, but a further provision for miss-sold payment protection insurance (PPI) were worse than anticipated. The bank's underlying pro
Read moreLondon close: Weaker German business confidence, stress tests weigh on stocks
27th Oct 2014 16:14
UK-listed stocks closed lower on Monday, with banks and mining stocks providing a drag in the aftermath of the results of the latest EU bank stress tests and alongside a weak reading on German business confidence. The FTSE closed down 24.92 points at 6,363.81 after falling early on. Stocks were dra
Read moreFTSE 100 movers: Travel stocks lead following recent Ebola-related declines
27th Oct 2014 15:36
Travel stocks were among the best performers as investors continued to search for bargains after recent Ebola-related weakness in the sector. TUI Travel, Intercontinental Hotels, Carnival, IAG and Easyjet were putting in decent gains, with the latter two being helped by positive comments from Morgan
Read moreSector movers: Lloyds leads banks lower as stress-test success underwhelms
27th Oct 2014 14:10
Investors of the UK's biggest high street banks were left underwhelmed on Monday by the news that Britain's lenders had all passed the latest stress tests in Europe. Lloyds, HSBC, RBS and Barclays were all trading firmly in the red in afternoon trade. Results from the European Banking Authority's (
Read moreBroker tips: Lloyds, GlaxoSmithKline, Airlines
27th Oct 2014 12:32
Lloyds may have passed the Europe-wide stress tests, but the UK's own bank-health checks may be an issue, according to broker Jefferies which downgraded the stock from 'hold' to 'underperform' on Monday. The broker reckons that Lloyds is now "at risk" ahead of the Prudential Regulation Authority's f
Read moreLondon midday: Stocks drop into the red after German data, ECB stress tests
27th Oct 2014 12:01
UK stocks had erased early gains by Monday lunchtime as ongoing concerns about Germany and the health of the wider Eurozone economy weighed on sentiment. The FTSE 100 was down 0.2% at 6,377 by midday, pulling back sharply after having touched an intraday high of 6,443.76 in early deals. News that G
Read moreMonday broker round-up UPDATE
27th Oct 2014 10:05
Aquarius Platinum: Deutsche Bank shifts target price from 28p to 30p and maintains a buy recommendation. Dechra Pharmaceuticals: FinnCap ups target price from 800p to 840p and reiterates a buy recommendation. easyJet: Morgan Stanley moves target price from 1650p to 1665p leaving its overweight rati
Read moreLloyds at risk from UK stress tests, Jefferies downgrades to 'underperform'
27th Oct 2014 10:01
Lloyds may have passed the Europe-wide stress tests, but the UK's own bank-health checks may be an issue, according to broker Jefferies which downgraded the stock from 'hold' to 'underperform' on Monday. The broker said it likes Lloyds and its prospects but the risk/reward balance on the shares is "
Read moreLondon open: Stocks rise on stress-test results, but gains limited ahead of FOMC
27th Oct 2014 08:31
UK markets opened slightly higher on Monday morning, with sentiment boosted by the weekend's news that most European banks had passed recent 'stress tests'. The FTSE 100 was trading 0.1% higher at 6,396 within the opening hour, but had trimmed earlier gains which sent it to a high of 6,443.76. The
Read moreUK top four banks respond to stress test success
27th Oct 2014 08:16
Britain's four main banks have released statements following their stress test success. The test is meant to assess each bank's capital adequacy against a 5.5% common equity tier 1 (CET1) capital benchmark. The Royal Bank of Scotland (RBS) claimed that its improvement "reflected actions taken to re
Read moreRoyal Bank of Scotland will continue Ulster support, responds to stress test success
26th Oct 2014 15:55
The Royal Bank of Scotland (RBS) is rumoured to firmly back Irish counterpart Ulster Bank after a recent upswing in value, despite reports that RBS was looking to "seek a sale or outside investment", according to the Sunday Telegraph. The bank's chief executive Ross McEwan has hinted that he would l
Read moreFriday broker round-up UPDATE
24th Oct 2014 10:11
Advanced Medical Solutions: Oriel initiates with a target price of 135p and a buy recommendation. African Barrick Gold: JP Morgan moves target price from 300p to 310p maintaining its overweight rating. Canaccord Genuity reduces target price from 330p to 275p keeping a buy recommendation. Numis moves
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