Tuesday newspaper share tips: Challenger banks, Rolls Royce
12th Jul 2016 11:30
(ShareCast News) - The share price drops in Britain´s challenger banks following the Brexit referendum looked overdone, the Financial Times´s Lex column argued. Over the two weeks after the vote shares in Aldermore, OneSavings, Shawbrook and Paragon gave back between 12% and 40% of their market capi
Read moreFTSE 250 movers: Broader rebound outweighs ongoing housing rout
30th Jun 2016 15:29
(ShareCast News) - The FTSE 250 continued to rally on Thursday alongside its blue chip sibling as a broad-based rebound across sectors outweighed continued softness for housing-related stocks after the Brexit vote. Half an hour before the close, the FTSE 250 was up 0.65% to 16,106.31. Some of t
Read moreMortgage lending resilient in May but likely to fall post referendum - CML
27th Jun 2016 10:37
(ShareCast News) - Mortgage lending remained resilient in May as banks and building societies lent more than in April and than in May last year. Gross mortgage lending swelled to £18.2bn in May, the Council of Mortgage Lenders estimated, up 3.6% from the preceding month and 13.6% higher than this ti
Read moreTuesday newspaper share tips: OneSavings Bank and Wolseley
7th Jun 2016 15:48
(ShareCast News) - Business is booming for OneSavings Bank, which has just clocked up a £35m profit after selling a £250m securitisation of pre-crisis mortgages, writes the Financial Times' Lex column. The buy-to-let lender intended to use the dosh to originate more mortgages, and its loan books hav
Read moreFTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
Read moreFTSE 250 movers: Ibstock retreats as Pets at Home accelerates
26th May 2016 14:30
(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b
Read moreBanks to limit overdraft charges as CMA demands only small changes
17th May 2016 07:06
(ShareCast News) - Banks will be forced to limit overdraft charges and introduce a new standard technology to enable consumers to more easily switch between providers, among several measures proposed by the competition watchdog to improve competition in retail banking. Concluding its investigation i
Read moreOneSavings Bank adds £460m to loan book in Q1
11th May 2016 08:45
(ShareCast News) - Challenger lender and retail savings group OneSavings Bank describes its financial and operational performance in the year to date as "strong" on Wednesday, with new loans and advances growing £460m in the first quarter. The FTSE 250 firm said this was driven by further strong org
Read moreOneSavings Bank buys portfolio of UK residential mortgages
24th Mar 2016 14:56
(ShareCast News) - OneSavings Bank has completed the purchase of a portfolio of UK first charge residential mortgages. The portfolio had an outstanding balance of £112m at the end of February and is being acquired at a discount to par. The transaction will be satisfied by cash from OneSavings' exis
Read moreBroker tips: OneSavings Bank, UK housebuilders, InterContinental Hotels
17th Mar 2016 13:40
(ShareCast News) - OneSavings Bank's shares surged on Thursday as Investec reiterated its 'buy' rating and target price of 380p after the company reported a jump in full year profits. The company reported underlying profit before tax was up 52% to £105.9m in 2015, and loans and advances grew 31% to
Read moreOneSavings Bank delivers "extraordinary" returns consistently, says Investec
17th Mar 2016 09:48
(ShareCast News) - OneSavings Bank's shares surged on Thursday as Investec reiterated its 'buy' rating and target price of 380p after the company reported a jump in full year profits. The company reported underlying profit before tax was up 52% to £105.9m in 2015, and loans and advances grew 31% to
Read moreLondon pre-open: Stocks seen a little higher ahead of BoE announcement
17th Mar 2016 07:27
(ShareCast News) - London stocks are set to open a little higher on Thursday as investors digest the Federal Reserve's decision to stand pat on rates and look to the Bank of England's latest policy announcement. The FTSE 100 is seen starting 15 points higher than Wednesday's close at 6,190. The BoE
Read moreOneSavings lifts profit, grows loan book in 2015
17th Mar 2016 07:14
(ShareCast News) - OneSavings Bank lifted its profits and grew its loan book in 2015, it reported in its preliminary results on Thursday. Underlying profit before tax was up 52% to £105.9m, and loans and advances grew 31% to £5.1bn. The FTSE 250 firm's cost to income ratio was further reduced during
Read moreFTSE 250 movers: Ocado, Ultra and Hiscox weigh on index
29th Feb 2016 14:29
(ShareCast News) - The FTSE 250 crawled back towards parity by mid-afternoon on Monday after an early morning dip, but the index remained doggedly on the wrong side of the line. Shares in Vedanta Resources led the recovery over the day, climbing on news that India will shelve export taxes on low-gra
Read morePeel Hunt sees attractions of the 'challenger banks'
29th Feb 2016 11:52
(ShareCast News) - Broker Peel Hunt has slapped a 'buy' recommendation on Aldermore, OneSavings Bank and Shawbrook, as it began coverage of the three challenger banks. After some weeks of significant share price weakness in the trio, Peel Hunt said there was now an opportunity to acquire "high-quali
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