Wednesday broker round-up UPDATE
7th Aug 2013 08:57
Antofagasta: Canaccord Genuity ups target price from 1000p to 1035p leaving its buy recommendation unchanged. BBA Aviation: JP Morgan increases target price from 289p to 343p retaining an overweight rating. UBS moves target price from 250p to 280p and reiterates a neutral rating. Liberum Capital ra
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read moreTuesday newspaper round-up: Bank of Scotland, Washington Post
6th Aug 2013 06:44
The Information Commissioner's office has found private details of dozens of Bank of Scotland customers, including bank statements and passport copies, were repeatedly faxed to wrong numbers for four years, The Times revealed. Washington Post reporters say they were "stunned" to hear that the news
Read moreLondon close: HSBC weighs on markets despite strong data
5th Aug 2013 16:32
Worse-than-expected results from the FTSE 100's largest constituent, HSBC, hit markets hard on Monday though losses were limited by some strong economic data from across the globe. The FTSE 100 finished down 28 points at 6,620. Before HSBC's results were released, services data from the UK, Eurozo
Read moreSector movers: HSBC drags banks lower after H1 disappointment
5th Aug 2013 15:09
Heavy falls by HSBC, the largest listed company by market capitalisation in London, ensured that the banking sector was the worst performer on Monday, despite some impressive gains from smaller peer Lloyds. HSBC, which has a market cap of around £135bn by today's prices, disappointed analysts this
Read moreFTSE 100 movers: Lloyds, Vedanta, IAG
5th Aug 2013 13:04
Lloyds Banking Group's shares surged after Chief Executive António Horta-Osório said he aims to start paying out up to 70 per cent of the bank's earnings in dividends within three years. Vedanta Resources rallied following news the company edged closer to merging two of its Indian subsidiaries afte
Read moreLondon midday: Markets shrug off strong data as HSBC disappoints
5th Aug 2013 11:45
Economic data came in strong on Monday morning but a poor reaction to results from banking giant HSBC was weighing on markets in London with the FTSE 100 erasing its earlier gains by midday. HSBC, the Footsie's largest company by market capitalisation (around £135bn by today's prices), disappointed
Read moreLloyds to start 70 per cent dividend payout
5th Aug 2013 10:08
Lloyds Banking Group's shares surged after Chief Executive Antonio Horta-Osorio said he aims to start paying out up to 70 per cent of the bank's earnings in dividends within three years, according to the Financial Times. The dividend target comes as Horta-Osório tries to attract investors ahead of
Read moreLondon open: Stocks rise after China services data
5th Aug 2013 08:27
Markets opened with solid gains on Monday morning on the back of decent data from China, as sentiment recovered after a disappointing US jobs report last week. With US non-farm payrolls coming in below expectations on Friday, it has now sparked hopes that the Federal Reserve could delay tapering st
Read moreMonday broker round-up UPDATE
5th Aug 2013 07:06
Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N
Read moreMonday newspaper round-up: RBS, Co-op Bank, Lloyds
5th Aug 2013 06:41
The UK government is considering plans to invest a further 1.5bn pounds into Royal Bank of Scotland if a review it commissioned recommends the state-backed lender be split into a 'good bank' and 'bad bank', The Telegraph reported. The Co-operative Bank has left renewable energy developers in the l
Read moreFriday newspaper round-up: Goldman Sachs, UK banks, Fed
2nd Aug 2013 06:47
Former Goldman Sachs trader Fabrice Tourre has been found guilty in the US for defrauding investors in a derivatives deal linked to subprime mortgages, the Financial Times reported. UK banks have agreed to pay the equivalent of almost £400 to every adult in the country over the mis-selling of payme
Read moreLondon close: Markets surge on upbeat data, policy decisions
1st Aug 2013 16:43
Markets rose strongly on Thursday as investors reacted to dovish comments from central banks across the globe, upbeat economic data and well-received results from UK banking group Lloyds. The FTSE 100 finished 61 points higher at 6,682 today, rising to levels not seen since the end of May. "The th
Read moreLloyds soars as anticipation builds for dividend, government sale - UPDATE
1st Aug 2013 16:40
Shares in part-nationalised lender Lloyds surged ahead on Thursday as hopes over the resumption of a dividend sparked a positive reaction from markets. "As a consequence of the significant progress made in strengthening the balance sheet we now expect to commence discussions with our regulators in
Read moreFTSE 100 movers: Lloyds, Fresnillo, RBS
1st Aug 2013 13:28
Lloyds Banking Group's shares surged as the company swung back to profit in the first half of the year. Chief executive António Horta-Osório said the sell-off of the taxpayers' stake in the bank was "now in the government's hands". Precious metals company Fresnillo edged higher as the price of gold
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