Sunday newspaper round-up: Tesco, Supermarkets, BP
5th Oct 2014 17:19
Tesco is planning a boardroom purge after a string of profit warnings and the revelation of a £250m hole in its accounts, the Sunday Times said. The retailer was planning to unveil up to three non-executive directors 10 days ago but the accounting problem put the announcement on hold. Patrick Kenned
Read moreFriday broker round-up UPDATE
3rd Oct 2014 09:25
Anite: Investec places its target price (prev.: 90p) under review maintaining a hold recommendation. Avon Rubber: WH Ireland ups target price from 765p to 800p and retains a buy recommendation. Investec ups target price from 700p to 720p upgrading from add to buy. BTG: Panmure Gordon raises target
Read moreTSB's long-term outlook is
26th Sep 2014 12:32
Investec Securities is feeling very positive about TSB's long-term outlook in the wake of Lloyds' decision to sell another 11.5% of its shares in the bank, it revealed in a note to investors on Friday. Having sold 38.5% of TSB in June at 260p a share, Lloyds has placed a further £57.5m stake up for
Read moreLondon midday: BAE Systems leads gains on geopolitical worries
26th Sep 2014 12:14
The Footsie had reverted to positive higher by midday ahead of the release of two first-tier economic indicators in the States on Friday afternoon. UK equities traded lower throughout the better part of the morning, ignoring overnight losses in US markets which saw the Dow Jones Industrials and S&P
Read moreLloyds places 11% of TSB at 280p per share, analysts react positively
26th Sep 2014 07:31
Lloyds has announced the successful sale of 57.m shares in TSB Banking Group at a price of 280p per share via a placing. The shares are equivalent to an 11.5% stake in the lenders' share capital, thus reducing its holding to 50%. Following the transaction Lloyds will continue to have 50% of TSB and
Read moreFriday paper round-up: Lloyds, TSB, Tesco, Sainsbury's, Putin
26th Sep 2014 07:03
teerngasLloyds Banking Group has kickstarted a share sale in its TSB banking division, which will leave the bailed-out bank with a 50% stake in TSB, The Daily Telegraph reported on Friday. Lloyds sold 38.5% of TSB in June, with shares priced at 260p each, and has announced it will sell an additional
Read moreLondon midday: Stocks drop as US Treasury acts to block tax inversion deals
23rd Sep 2014 12:38
UK stocks were firmly lower come midday, tracking overnight losses on Wall Street, with investors apparently reacting the US Treasury's move last night to make corporate tax inversions more difficult. Acting as a backdrop, traders were monitoring the first coalition airstrikes against Islamic State
Read moreBig banks see rise in loan numbers, BBA reveals
23rd Sep 2014 12:30
The number of mortgages taken out by customers of the UK's big banks has jumped 15% year-on-year, the British Bankers' Association (BBA) revealed on Tuesday. The data showed that gross mortgage borrowing totalled £11.1bn and that although approval processes were temporarily disrupted by the implemen
Read moreLloyds "to sell more shares in TSB"
23rd Sep 2014 12:18
Lloyds Banking Group may sell another tranche of shares in TSB Banking Group, it was reported on Tuesday. Lloyds, which sold 38.5% of TSB on the market in June for £500m, is considering a second share sale after a lock-up period expires, according to news agency Reuters. The group is said to have r
Read moreMonday newspaper round-up: Phones 4u, Alibaba, Lloyds, Royal Bank of Scotland
22nd Sep 2014 07:09
Mobile operator EE is set to takeover about 60 shops from the stricken retailer Phones 4u, in a move that will save hundreds of jobs, The Guardian reports. Phones 4u entered administration last week, after EE cancelled its contract with the phone retailer just a few months after Vodafone had made a
Read moreSunday newspaper round-up: Lloyds, Marks&Spencer, Oil explorers
21st Sep 2014 18:48
Lloyds Banking Group is considering moving its legal home to England from Scotland even after the Scots voted against leaving the UK, the Mail on Sunday reported. Lloyds had said it would move if Scotland voted to leave the union but has only said it would keep "a significant presence" in Scotland a
Read moreLondon midday: UK stocks near two-week high as Scots vote against independence
19th Sep 2014 11:18
UK stocks advanced on Friday, poised to finish at their highest levels in two weeks, after the Scottish people voted in favour of the Union in a crucial independence referendum. Some 55.3% of Scots voted 'no' to independence from the UK while 44.7% voted 'yes', erasing concerns about a break-up whic
Read moreLondon open: UK stocks rise as Scots vote 'no' to independence
19th Sep 2014 08:22
UK stocks staged a relief rally on Friday morning in the aftermath of the Scottish referendum, which saw people north of the border vote convincingly to remain part of the Union. Some 55.3% of Scots voted 'no' to independence from the UK while 44.7% voted 'yes', erasing concerns about a break-up whi
Read moreOil, Life Insurance and Banking would pay steepest price for independence, Liberum says
18th Sep 2014 12:54
In a research note published on Thursday afternoon Liberum explains to clients that in the event of Scotland voting in favour of independence then the worst affected sectors would be: Oil, Life Insurance and Banking. The analysts base their call on what happened following the mini-scare of 8 Septemb
Read moreLondon midday: Scottish stocks lead gains ahead of crucial referendum
18th Sep 2014 11:43
After a slow start, London stocks advanced on Thursday with the FTSE 100 bouncing off its lowest levels in nearly a month, as companies based north of the border advanced with the focus firmly on the Scottish referendum. The benchmark Footsie index was trading 0.4% higher at 6,811 by noon. Three str
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