Newspaper roundup: Royal Mail, Balfour Beatty
25th Jul 2014 08:04
Royal Mail has hinted at legal action unless regulator Ofcom stops rival TNT Post UK "cherry-picking" its most lucrative mail delivery services. At the first annual shareholders' meeting in Royal Mail's 500-year history, a union official urged it to consider seeking a judicial review of the issue an
Read moreLloyds confirms interbank rate-setting settlement talks
25th Jul 2014 07:37
Lloyds Banking Group on Friday confirmed that it is in late-stage settlement discussions with a number of government agencies related to interbank rate setting procedures. It said the settlements had yet to be agreed, but it anticipates they will include penalty payments. NR
Read moreLondon close: Positive finish after banking sector rises on Fitch comments
24th Jul 2014 16:59
- FTSE closes up 23.31 at 6,821.46 - Retail sales in surprise dip - Fitch comments lift banking sector techMARK 2,822.06 -0.05% FTSE 100 6,821.46 +0.34% FTSE 250 15,748.69 +0.14% London-listed stocks ended the day higher following a relatively steady morning of gains and a slight dip mid afternoon
Read moreUK banks to set aside a further £1bn for PPI compensation
22nd Jul 2014 12:29
The UK's biggest banks will next week announce that they have set aside a further £1bn to meet payment protection insurance (PPI) mis-selling related compensation claims, reports have claimed. According to Sky News, Royal Bank of Scotland, Lloyds Banking Group and Barclays will reveal in their hal
Read moreLondon midday: Stocks fall as tensions rise after Malaysia Airlines crash
18th Jul 2014 12:07
- Markets react to shooting down of Malaysia Airlines plane - Gaza fighting also weighing on sentiment - Shire and AbbVie strike £32bn takeover deal - UK competition watchdog orders banking probe techMARK 2,787.48 -0.41% FTSE 100 6,706.45 -0.47% FTSE 250 15,448.43 -0.68% Global geopolitical tensio
Read moreUK competition watchdog orders banking probe
18th Jul 2014 09:47
Britain's big banks could face a shake-up after the country's competition watchdog launched a probe into the industry. The banks' personal current accounts and small business banking were "not working well for customers", the Competition & Markets Authority (CMA) said in a statement. The CMA said
Read moreFriday broker round-up UPDATE
18th Jul 2014 07:55
Barclays: Credit Suisse cuts target price from 275p to 235p retaining a neutral rating. Barratt Developments: Liberum Capital reduces target price from 468p to 387p and downgrades to hold. Bellway: Liberum Capital reduces target price from 1900p to 1764p, while leaving its buy recommendation uncha
Read moreFriday newspaper round-up: Malaysia Airlines, Times Warner, UK banks...
18th Jul 2014 07:08
The president of Ukraine has accused pro-Russia rebels in the east of the country of shooting down a Malaysia Airlines jet with a ground-to-air missile, killing all 298 people on board as the airliner exploded and rained down in fiery pieces over a rural Ukrainian village. The huge loss of life thre
Read moreThursday newspaper round-up: Time Warner, Shire, BMW...
17th Jul 2014 06:47
21st Century Fox, the entertainment conglomerate run by Rupert Murdoch, may have to raise its audacious $80 billion bid for Time Warner to secure the biggest media takeover since the dot-com boom. 21st Century Fox offered $86 per share in cash and shares for its rival but the approach was rejected b
Read moreBroker tips: Lloyds, Telecom Plus, Michael Page
15th Jul 2014 12:11
Deutsche Bank has chosen to reiterate its 'buy' rating on Lloyds Banking Group ahead of the lender's second-quarter results at the end of the month, saying that it its "top pick" in the UK banking sector. "LBG provides attractive and cost-effective exposure to a strong UK economy, a profitable bank
Read moreDeutsche Bank names Lloyds as "top pick" amongst UK banks
15th Jul 2014 11:18
Deutsche Bank has chosen to reiterate its 'buy' rating on Lloyds Banking Group ahead of the lender's second-quarter results at the end of the month, saying that it its "top pick" in the UK banking sector. "LBG provides attractive and cost-effective exposure to a strong UK economy, a profitable bank
Read moreTuesday broker round-up UPDATE
15th Jul 2014 08:53
Admiral Group: Numis moves target price from 1710p to 1720p, while downgrading from buy to add. African Barrick Gold: UBS initiates with a target price of 260p and a buy recommendation. Ashtead Group: Berenberg initiates with a target price of 1110p and a buy recommendation. British American Taba
Read moreFTSE 100 movers: LSE drops on Qatar sale, Portugal fears hit banks
10th Jul 2014 15:29
London Stock Exchange was one of the worst performers on the FTSE 100 on Thursday after Qatar Investment Authority cut its 15% stake in the exchange operator by a third ahead of the UK-listed firm's planned $1.6bn rights issue to fund the acquisition of Frank Russell. Concerns about contagion from
Read moreSector movers: Banks drop on fears over Portugal's banking sector
10th Jul 2014 14:33
UK-listed banking stocks felt the brunt of the sell-off on Thursday as concerns about Portugal's financial sector prompted investors to scale back risk appetite. The retreat followed widespread pressure across European equity markets after a missed debt payment by Espirito Santo International, the
Read moreThursday newspaper round-up: LSE, Lufthansa, Bank of England
10th Jul 2014 07:30
Qatar Holding is to trim its 15% stake in the owner of the London Stock Exchange by a third ahead of a $1.6bn rights issue by the British bourse to fund its acquisition of Russell Investments. The Middle East investor on Wednesday night instructed Citigroup and Bank of America Merrill Lynch to sell
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