JPMorgan upgrades Lloyds, sees upside risk to new forecasts
14th Feb 2014 09:32
JPMorgan Cazenove has lifted its recommendation for Lloyds Banking Group from 'neutral' to 'overweight' saying that there is upside risk to new lowered forecasts following the bank's results. Lloyds is now named as JPMorgan's top pick among UK banks, as it upgraded its target price for the stock fr
Read moreUK stocks edge lower as investors await Eurozone GDP
14th Feb 2014 09:05
- Eurozone GDP figures ahead - Italian politics in focus as PM resigns - Miners rise strongly, banks and retailers fall techMARK 2,822.53 -0.05% FTSE 100 6,650.83 -0.13% FTSE 250 16,045.41 +0.10% UK stocks opened slightly lower on Friday morning with strong gains from mining stocks outweighed by w
Read moreFriday newspaper round-up: Vodafone, Shell, Pound
14th Feb 2014 07:26
Britain's biggest telecoms company is to have a new auditor for the first time since floating on the stock market in 1988. Vodafone will end its 26-year relationship with Deloitte, handing its audit mandate to PwC, one of the firm's "Big Four" rivals and the auditor of more FTSE 100 companies than a
Read moreUK stocks erase losses, but corporate earnings weigh on sentiment
13th Feb 2014 16:55
- Stocks snap winning streak but pare losses by the close - Tate & Lyle, Rolls-Royce issue profit warnings - Lloyds underwhelms with higher profits in 2013 - US retail sales disappoint techMARK 2,823.82 -0.26% FTSE 100 6,659.42 -0.23% FTSE 250 16,029.39 -0.31% Profit warnings from Tate & Lyle and
Read moreFTSE 100 movers: Rolls-Royce nosedives on 2014 outlook
13th Feb 2014 14:35
Rolls-Royce's shares tumbled after the group said it expects flat 2014 revenue and profit due to cuts in government defence spending. The world's second-largest maker of aircraft engines revealed an estimated 15-20 per cent slump in defence revenue would hinder results this year as it reported its f
Read moreLloyds shares fall despite return to profit amid bonus controversy - UPDATE
13th Feb 2014 13:28
- Lloyds swings to statutory PBT of 415m pounds - Company on path to private ownership - Bonus pool raised by eight per cent Lloyds boss António Horta-Osório said on Thursday that the bank is looking at a return to private ownership as it swung to its first statutory pre-tax profit (PBT) in three y
Read moreUK markets snap six-day winning streak after blue-chip profit warnings
13th Feb 2014 11:59
- Stocks snap six-day winning streak - Tate & Lyle, Rolls-Royce issue profit warnings - Lloyds underwhelms with higher profits in 2013 - Miners fall, AMEC and Imperial rise techMARK 2,811.28 -0.70% FTSE 100 6,624.61 -0.76% FTSE 250 15,968.13 -0.69% UK stocks opened firmly lower on Thursday after a
Read moreUK stocks retreat from three-week high as earnings disappoint
13th Feb 2014 08:30
- Stocks snap six-day winning streak - Tate & Lyle, Rolls-Royce, Lloyds and Rio fall after updates - AMEC, Imperial rise techMARK 2,817.35 -0.49% FTSE 100 6,649.80 -0.38% FTSE 250 15,999.35 -0.50% UK stocks opened with moderate losses on Thursday after poorly-received results and updates from a nu
Read moreFTSE to pare recent gains ahead of quiet session
13th Feb 2014 07:18
- Small losses ahead of quiet session - Yellen testimony postponed - Attention to turn to German CPI and Greek unemployment The FTSE is set to open in the red this morning ahead of what is expected to be a fairly quiet day. City sources predict the FTSE 100 will open 17 points lower than yesterda
Read moreLloyds profits surge, Chief eyes return to private ownership
13th Feb 2014 07:00
- Underlying profits rise 140 per cent to 6.2bn pounds - Underlying income up two per cent at 18.8bn pounds - Costs and impairments lower - Non-core asset reductions ahead of plan, capital position improves - Bonuses up, CEO paid 1.7m pounds in shares Underlying profits at Lloyds Banking Group more
Read moreLloyds set to announce 10 per cent increase in bonus pool
12th Feb 2014 15:58
Ahead of the release of its full year results on Thursday, Lloyds Banking Group reached an agreement with UK Financial Investments (UKFI) regarding the amount of bonuses which it will be allowed to pay out. The lender will announce its intention to pay out just under £400m in bonuses, an approxima
Read moreThursday preview: Lloyds, Rio Tinto, Rolls-Royce release finals
12th Feb 2014 14:53
Thursday's agenda will be jam-packed with economic releases and company results including finals from Lloyds Banking Group, Rio Tinto and Rolls-Royce. Ahead of its annual results, Lloyds has agreed a deal to pay about £395m in bonuses, including an award of more than £1.5m for its Chief Executive A
Read moreLondon close: Stocks gain after quiet session, Barclays rises
10th Feb 2014 16:31
- Stocks at highest level since January 24th - Markets awaiting Yellen, Draghi and Carney - Precious metal producers jump, Barclays gains ahead of FY results tomorrow - Energy companies come under criticism from MPs techMARK 2,806.76 +0.59% FTSE 100 6,591.55 +0.30% FTSE 250 15,910.72 +0.29% The UK
Read moreFTSE 100 movers: Miners gain, Barclays leads banks higher
10th Feb 2014 12:43
Mining stocks were among the best performers on the FTSE 100 on Monday with precious metal producers Fresnillo and Randgold rising strongly as gold and silver prices advanced. Barclays was making gains despite claims that confidential details of clients had been stolen and sold. Investors were also
Read moreLondon midday: Barclays gains, Centrica falls as markets hold steady
10th Feb 2014 11:37
- Markets pause at two-week high - Central bankers in focus ahead of speeches - Barclays gains despite data leak, profit guidance - Energy Secretary concerns with energy profit margins techMARK 2,792.81 +0.09% FTSE 100 6,567.75 -0.06% FTSE 250 15,877.62 +0.08% UK markets more or less unchanged by
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