Wednesday broker round-up
28th Sep 2016 12:15
(ShareCast News) - Close Brothers Group: Barclays reiterates overweight with a target price of 1500p. Royal Dutch Shell: HSBC keeps at buy, 2050p target. William Hill: Deutsche Bank keeps at buy with a 390p target. The Restaurant Group: Berenberg reiterates hold with a 350p target. Astrazeneca: D
Read moreWednesday newspaper round-up: IMF, Global competitiveness, German banks
28th Sep 2016 07:34
(ShareCast News) - Urgent action is needed to reverse a slowdown in trade and stop low inflation from triggering a downward spiral of weak growth, job cuts and higher debt, the International Monetary Fund has warned. A global lurch towards protectionism and the sluggish recovery had driven a "remark
Read moreRBS agrees to pay $1.1bn to settle miss-selling mortage claim
28th Sep 2016 07:08
(ShareCast News) - The Royal Bank of Scotland (RBS) agreed to pay $1.1bn (£846) to settle two legal claims that it allegedly miss-sold mortgage securities in the run-up to the 2008 financial crisis. The settlements, involving its subsidiary RBS Securities, are with the US National Credit Union Admin
Read moreRBS hints at problems with Williams & Glyn sale
27th Sep 2016 14:57
(ShareCast News) - Royal Bank of Scotland has warned over the sale of its Williams & Glyn unit. According to Bloomberg, RBS' chief executive Ross McEwan said at a conference organised by Bank of America Merrill Lynch in London that the bank may fail to sell the division to a rival lender by the end
Read moreNewspaper round-up: BoJ, RBS, BHP Billiton, Hinkley contract bonanza
21st Sep 2016 07:58
(ShareCast News) - The Bank of Japan has launched an unprecedented new kind of monetary easing as it set a cap on 10-year bond yields and vowed to overshoot its 2 per cent inflation target on purpose. Its decision demonstrates that even eight years after the global financial crisis, central bankers
Read moreNewspaper round-up: BoJ, RBS, BHP Billiton, Hinkley contract bonanza
21st Sep 2016 07:58
(ShareCast News) - The Bank of Japan has launched an unprecedented new kind of monetary easing as it set a cap on 10-year bond yields and vowed to overshoot its 2 per cent inflation target on purpose. Its decision demonstrates that even eight years after the global financial crisis, central bankers
Read moreSantander pulls out of Williams & Glyn branch deal with RBS
21st Sep 2016 07:53
(ShareCast News) - The Royal Bank of Scotland (RBS) has experienced a further setback in attempting to sell 315 high street branches as Santander pulled out of talks. Santander withdrew from the bid, two people briefed on the process the Financial Times, with one person having pointed to disagreemen
Read moreBroker tips: Weir, RBS, Glencore
19th Sep 2016 16:17
(ShareCast News) - Engineer Weir got a boost on Monday as JPMorgan Cazenove upgraded the stock to 'overweight' from 'underweight' and lifted the price target to 1,775p from 1,220p, highlighting 18% upside to the revised price target. JPM said that despite the lack of earnings upgrades, Weir has been
Read moreMonday broker round-up
19th Sep 2016 09:52
(ShareCast News) - Lloyds: Jefferies reiterates buy with a target price of 67p. Astrazeneca: UBS reiterates buy, 5480p target. Britvic: JP Morgan keeps at underweight with a 590p target. Unilever: UBS reiterates neutral with a 3380p target. IHG: HSBC starts coverage at reduce with a 2900p target.
Read moreInvestec upgrades RBS to 'hold' from 'sell'
19th Sep 2016 08:59
(ShareCast News) - Investec upgraded Royal Bank of Scotland to 'hold' from 'sell'. The brokerage said it does not recommend buying the shares given that it expects further material losses through 2016/17 with return on equity less than cost of equity until 2020. Equally, it no longer reckons that t
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreSector movers: Banks, aerospace lead losses
16th Sep 2016 16:19
(ShareCast News) - Energy-related stocks continued to retreat as crude oil futures extended their recent leg lower on the heels of reports of increasing exports out of Libya and Nigeria. West Texas Intermediate dropped 2.05% to $43.01 per barrel while Brent futures retreated 1.52% to $45.88. On 14
Read moreDeutsche Bank balks at DoJ´s proposed $14bn settlement
16th Sep 2016 08:10
(ShareCast News) - Germany´s largest lender, Deutsche Bank, balked at the $14bn payment proposed by the US Departmemt of Justice to settle an investigation into the lender´s sale of residential mortgage-backed securities in the years immediately before the start of the financial crisis. "Deutsche Ba
Read moreUK banks sign up for contactless Android Pay system
13th Sep 2016 12:57
(ShareCast News) - Santander, Royal Bank of Scotland and its two subsidiaries Natwest and Ulster Bank have all weighed in behind Google's new contactless payment system, four months after the app's launch. Android Pay allows its users to register a card and make purchases much easier through their s
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