Broker snap: Investec lifts target price for Lloyds
10th Dec 2013 10:05
Investec has raised its target price for Lloyds from 80p to 84p and kept a 'buy' rating for the stock, saying that investors looking to take profits should 'wait a little longer'. "What a wonderful year for Lloyds! Earnings may have remained marginally negative over the past four quarters, and heav
Read moreTuesday broker round-up UPDATE
10th Dec 2013 09:43
Amlin: Westhouse Securities moves target price from 470p to 480p and reiterates an add rating. Antofagasta: Credit Suisse reduces target price from 900p to 750p, while upgrading to neutral. UBS cuts target price from 845p to 765p retaining its neutral rating. Ashley House: WH Ireland moves target
Read moreLondon open: Stocks at one-week high, Lloyds gains
10th Dec 2013 08:17
- UK market at highest since December 2nd - S&P 500 hits 39th record close this year - Taper speculation picks up ahead of Fed meeting - Carney calls for sustained low rates techMARK 2,684.69 +0.19% FTSE 100 6,567.32 +0.12% FTSE 250 15,424.59 +0.21% UK markets opened with small gains on Tuesday mo
Read moreLondon pre-open: Modest rise ahead of UK data, Chinese data mixed
10th Dec 2013 07:29
- FTSE to track US stocks higher - Chinese data comes in mixed - Market awaits UK industrial production numbers City sources predict the FTSE 100 will open nine points below yesterday's close of 6,559.48, as investors balance a new record high on the S&P 500 with mixed data out from China overnigh
Read moreTuesday newspaper round-up: Carney, Royal Mail, EADS...
10th Dec 2013 07:25
Mark Carney, the Governor of the Bank of England, has said it will move to stop the housing market growing at "warp speed", and signalled that it is unlikely to raise interest rates any time soon. Mr Carney said that the bank was concerned about the "potential" for a bubble in the UK housing market,
Read moreLloyds sells remaining stake in St James's Place
10th Dec 2013 07:13
Lloyds has finally offloaded its remaining stake in FTSE 250 wealth management group St James's Place (SJP), as it continues its reduction of 'non-core' assets. The bank confirmed on Tuesday morning that it has placed 109m shares at a price of 630p a piece, raising gross proceeds of £680m. This rep
Read moreLondon midday: Mining stocks drag FTSE 100 lower
9th Dec 2013 11:33
- Miners lower as investors digest China trade data - Japanese growth estimates lowered for Q3 - Tullow disappoints after abandoning well techMARK 2,677.57 +0.26% FTSE 100 6,539.02 -0.20% FTSE 250 15,341.86 +0.16% Weakness in the heavyweight mining sector kept London's FTSE 100 index in the red on
Read moreLondon open: Markets flat as investors digest mixed data from Asia
9th Dec 2013 08:53
- Markets still digesting non-farm payrolls - Chinese export growth picks up - Japan Q3 GDP revised lower techMARK 2,678.36 +0.29% FTSE 100 6,553.51 +0.02% FTSE 250 15,359.05 +0.27% Markets opened more or less flat on Monday morning as investors continued to digest last week's strong US data, as w
Read moreLloyds sells UK real estate loans to Cerberus
9th Dec 2013 07:49
Lloyds is to sell a portfolio of UK corporate real estate loans to American private-equity firm Cerberus European Investments. The sale, which is part of the bank's continued non-core asset reduction programme, is for a cash consideration of £90m. The gross assets are £147m and are being sold to P
Read moreMonday newspaper round-up: HSBC, Lloyds, Royal Mail...
9th Dec 2013 07:27
HSBC has sounded out investors about a flotation of its UK arm, in a move that would realise value from its high street banking business and address regulatory pressures. The bank has in recent weeks asked investors whether they would support the sale of a sizeable stake in the UK business. It has a
Read moreLloyds sells portfolio of non-performing Irish mortgages
6th Dec 2013 07:44
UK banking group Lloyds has agreed to sell a portfolio of 'non-performing' Irish retail mortgages to Tanager Limited, part of US-listed firm Apollo Global Management. The portfolio is to be sold for a cash consideration of £257m. The disposal is expected to be complete in the second half of 2014.
Read moreShaftesbury agrees new loan facility with Lloyds
4th Dec 2013 10:35
Shaftesbury, the FTSE 250-listed real estate investment trust, has entered into a new five-year revolving credit facility with Lloyds Bank. The £125m loan replaces the existing one of the same value which was due to expire in April 2016. The weighted average maturity of the group's debt at Novem
Read moreBroker tips: Old Mutual, Banks, Miners
3rd Dec 2013 11:21
JPMorgan Cazenove has trimmed its target price for savings and investment group Old Mutual from 228p to 223p. after adjusting for currency movements. However, the bank maintained its 'overweight' rating on the stock, highlighting attractive and improving returns from its emerging market life busin
Read moreBroker snap: Nomura names Barclays as top pick amongst banks, HSBC downgraded
3rd Dec 2013 09:37
Barclays is the top pick in the UK banking sector, according to Nomura, which retained its 'buy' rating for the stock on Tuesday morning. The broker also kept a positive stance on Standard Chartered, but downgraded its rating for HSBC and reiterated its negative position on RBS. Lloyds, meanwhile,
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
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