Broker snap: Investec remains a 'seller' of RBS
14th Dec 2012 09:57
Investec has reiterated its 'sell' rating and 265p target price for banking group RBS on the back of the company's exposure to a tough market in Ireland. Figures from the Central Bank of Ireland showed yesterday that "things are, as we feared, still getting worse", said analyst Ian Gordon. Data sh
Read moreThursday broker round-up UPDATE
13th Dec 2012 07:22
Advanced Medical Solutions: Investec reduces target price from 93p to 68p and downgrades from buy to hold. Numis downgrades to hold, while maintaining the target price at 165p. Canaccord Genuity moves target price from 93p to 90p and retains a buy recommendation. Anglo American: JP Morgan moves tar
Read moreMonday newspaper round-up: Rolls-Royce, Japan, RBS...
10th Dec 2012 06:51
A whistleblower at the heart of a bribery investigation at Rolls-Royce has been fighting for more than six years for his claims to be heard. The British engineering group has been accused of handing 20m dollars (12.5m pounds) and a blue Rolls-Royce car to the son of the former president of Indonesia
Read moreLondon close: Stocks pare gains after US ISM data
3rd Dec 2012 16:52
- US manufacturing sector in contraction - Chinese and India data lifts markets early on - Banking fall after BoE FLS details The FTSE 100 index was set to finish Monday's session with decent gains until a worse-than-expected reading of US manufacturing caused markets across Europe to trim gains by
Read moreFTSE 100 movers: Banks fall after BoE lending scheme underwhelms
3rd Dec 2012 15:38
UK banking group Lloyds was under the weather after the release of the details of the Bank of England's (BoE's) Funding For Lending (FLS) scheme in the third quarter. The BoE revealed that Lloyds, along with RBS, had cut net lending by £2.77bn and £642m, respectively, in the three months to the en
Read moreLondon midday: Markets rise after manufacturing data
3rd Dec 2012 11:35
- Chinese and Indian PMIs improve - UK manufacturing PMI beats forecasts - Miners provide a lift in London The Footsie had held on to gains by Monday lunchtime after some decent manufacturing figures from China and India, though the mood was cautious on the back of uncertainties surrounding the US
Read moreMonday newspaper round-up: RBS, Angela Merkel, John Lewis...
3rd Dec 2012 06:51
It will take ten years to fully return Royal Bank of Scotland to the private sector, the state-owned lender has predicted, underlining the scale of the challenge facing its executives and successive governments. It intends to be ready to start paying dividends in late 2014, a key indicator of its re
Read moreSunday newspaper round-up: Virgin Atlantic, Tesco, RBS
2nd Dec 2012 17:44
America´s largest airline is plotting to take control of Virgin Atlantic after making a secret approach to the British carrier's big Asian shareholder. Delta Air Lines is understood to have offered to buy Singapore Airlines' 49 per cent holding in Virgin. If it succeeds, Delta's European partner, Ai
Read moreLondon close: Stocks end the week in a cautious mood
30th Nov 2012 16:35
- Market pares gains by the close - Bundestag approves Greek aid - Eurozone jobless rate and US consumer spending disappoint UK stocks finished broadly flat on Friday, paring gains by the close of trade as markets headed into the weekend in a cautious mood on the back of uncertainty surrounding the
Read moreFTSE 100 movers: Broker upgrades lift Johnson Matthey and Croda
30th Nov 2012 13:25
Blue-chip constituents Johnson Matthey, Croda, Pennon and Intertek were performing well on Friday afternoon following a number of upbeat broker comments. Chemical peers Johnson Matthey and Croda International were lifted higher after Credit Suisse upgraded the companies from 'neutral' to 'outperfor
Read moreLondon midday: Stocks gain as Germany approves Greek aid
30th Nov 2012 11:29
- Germany approves Greek aid - Eurozone jobless rate at record-high - Stocks rally but trade within narrow range After a subdued start, the FTSE 100 had pushed into positive territory by midday after German parliament approved the Greek rescue deal. The Bundestag voted with a large majority (463 f
Read moreRBS exits India to shrink non-core assets
30th Nov 2012 09:12
Royal Bank of Scotland (RBS) is no longer selling its Indian retail and commercial banking operations to HSBC. Instead, it will be winding down what was a profitable business. RBS agreed to sell the business to HSBC in July 2010, but the deal lapsed on Friday November 30th. The Indian operations ar
Read moreFriday newspaper round-up: Direct Line, British banks, The Independent takeover...
30th Nov 2012 07:00
Direct Line has announced another 236 jobs cuts as the newly-floated insurance giant moves towards slicing costs by 100 million pounds by the end of 2014. The fresh round of streamlining comes on top of previously-announced plans to shed 970 jobs across the group's UK operations, which employed abou
Read moreWednesday broker round-up UPDATE
28th Nov 2012 07:26
ARM Holdings: Barclays Capital raises target price from 750p to 820p, overweight rating kept. Assura Group: Oriel Securities starts with an add recommendation. Espirito Santo moves target price from 37p to 37.50p, buy recommendation unchanged. Britvic: Deutsche Bank raises target price from 370p t
Read moreWednesday newspaper round-up: RBS branch sale, H-P, E.ON...
28th Nov 2012 06:57
Snapping up branches from Royal Bank of Scotland would help Nationwide to speed up its ambition of becoming a substantial force in small business lending, its chief executive said. Graham Beale expressed enthusiasm for buying the business, while emphasising that he would have to be satisfied that th
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