OneSavings completes purchase of Melbourne Mortgages portfolio
29th Feb 2016 09:50
(ShareCast News) - OneSavings Bank added a portfolio of UK second charge mortgages to its books on Monday, completing the purchase from Melbourne Mortgages. The FTSE 250 banking firm said the portfolio had an initial outstanding balance of £14m as at 31 December 2015, was well-seasoned and predomina
Read moreFTSE 250 movers: JD Wetherspoon slumps on profit warning; WH Smith rallies
20th Jan 2016 14:18
(ShareCast News) - London's FTSE 250 index was down 2.3% to 15,741.87 at 1430 GMT, tracking the broader market as worries about Chinese growth and sliding oil prices kept investors on edge. JD Wetherspoon was the worst performer after the pub group said like-for-like sales improved in the first 12 w
Read moreCredit Suisse picks favourites from UK challenger banks
20th Jan 2016 11:14
(ShareCast News) - Credit Suisse initiated coverage of Shawbrook at 'outperform' with a 410p price target, saying the model is attractive, given that it avoids commoditised lending and is diversified across both SME and consumer lending. The Swiss bank prefers Shawbrook to Aldermore, as its stronger
Read moreFTSE 250 movers: Worsening conditions sees Poundland pounded
7th Jan 2016 14:47
(ShareCast News) - Stocks on the FTSE 250 plunged on Thursday, before recovering somewhat by the afternoon. The second-tier market was down 278.91 points (1.63%) to 16,780.07 by mid-afternoon. Poundland was the market's biggest victim after it said that disastrous trading conditions in November con
Read morePRA will challenge foreign proposals asking smaller banks to hold more capital
16th Dec 2015 09:21
(ShareCast News) - The UK will challenge any attempt by international regulators to ask smaller banks to hold more capital against the residential mortgages on their books, Sky News reported. The broadcaster cited a letter sent on Tuesday by the Prudential Regulatory Authority´s chief Andrew Bailey
Read moreOneSavings Bank increases loan book value
4th Nov 2015 09:49
(ShareCast News) - OneSavings Bank has increased its net loans and advances for the first nine months of the year. The FTSE 250 lending and retail savings group issued a trading update for the period since 1 July on Wednesday. The bank said net loans and advances grew £986m to £4.9bn, driven by str
Read moreFTSE 250 movers: Halfords punctured after trading update
2nd Sep 2015 13:34
(ShareCast News) - The FTSE 250 was down slightly, with the index of mid-cap shares down 16.3 points, or 0.10% at 16,813. Halfords shares were punctured on news that after it said cycling sales fell 11% in the eight weeks to 28 August and are likely to be below current expectations for the quarte
Read moreFTSE 250 movers: Rentokil rallies on acquisition, Man Group drops on press report
1st Sep 2015 14:28
(ShareCast News) - London's mid-cap index was in the red on Tuesday as weak Chinese and UK manufacturing figures weighed on sentiment. At 1440 BST, the index was down 1.8% at 16,807.07. OneSavings Bank was the standout gainer after Numis raised its forecasts and target price on the stock following s
Read moreFTSE 250 movers: Hunting, Petrofac, Aldermore, OneSavings Bank
27th Aug 2015 15:57
(ShareCast News) - The oil patch was on fire on Thursday as crude futures jumped on both sides of the Atlantic in the wake a much stronger than expected reading on the rate of growth in US gross domestic product. As of 16:30 front month Brent crude futures were up by 6,14% on the ICE at $45.96 per b
Read moreInvestec reluctantly downgrades OneSavings Bank
27th Aug 2015 13:54
(ShareCast News) - Investec said while it was a 'firm believer' in the long-term OneSavings Bank growth story, it "reluctantly" cut its rating to 'hold' from 'buy'. The South African bank kept its price target of 365p on OneSavings and suggested the stock might have reached fair value. Investec sai
Read moreFTSE 250 movers: M&A lights fire under oil equipment stocks
26th Aug 2015 16:46
(ShareCast News) - Shares in Paddy Power and Betfair surged on Wednesday as they announced they have agreed in principle to a possible merger that would create one of the world's largest public online betting and gaming companies by revenue. OneSavings Bank reported a sharp jump in profitability, wi
Read moreInterim profits soar at OneSavings Bank
26th Aug 2015 07:18
(ShareCast News) - Profitability soared at OneSavings Bank in the first half of the current year as the lender managed to improve several of its key performance metrics. The volume of loans and advances jumped 17% to reach £4.6bn driving the cost-income ratio to 26%, down from the 29% seen in the co
Read moreFTSE 250 Movers: Fidessa Group, Kaz Minerals, Premier Oil lead decline
3rd Aug 2015 16:42
(ShareCast News) - London's mid-cap index lowered after oil prices dragged mining and oil stocks down. The FTSE 250 index fell 0.19% at 17,644.65 by 1549 BST on Monday. Shares in trading platforms company Fidessa plunged after the company reported a 1.5% decline in year on year pre-tax profit to £1
Read moreLondon close: Footsie rises despite China worries
8th Jul 2015 16:30
UK stocks advanced on Wednesday in spite of a sell-off in China overnight and ongoing uncertainties surrounding Greece, with traders eagerly awaiting reform proposals from Athens on Thursday. The FTSE 100 ended the day up 0.91% at 6,490.70, after settling at 6,432.21 on Tuesday, its lowest since 16
Read moreFTSE 250 movers: Thomas Cook hit by travel market uncertainty, Ocado higher on deal speculation
29th Jun 2015 13:21
Mid-caps plunged on Monday, with gains made by miners overshadowed by weakness in the travel and financial sectors, as Greece closed its banks and called for a public vote on bailout proposals by its creditors. As of 15:00, the FTSE 250 was trading 1.2% lower at 17,607. Travel tour operator Thomas
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