Financials, big oil, miners pace gains in London
25th May 2016 21:00
(ShareCast News) - Financials and big oil continued to power ahead at the middle of the week as the threat from two of the market´s most recent bugbears appeared to receed a little. On Wednesday, Athens managed to clinch a deal to relieve the government´s lack of financial liquidity, while in the UK
Read moreFTSE 100 movers: Financials, Big oil pace gains
25th May 2016 16:34
(ShareCast News) - Financials were again to be found near the top of the leaderboard on Wednesday with shares of 'big oil' firms nipping at their heels. According to an opinion poll conducted for the Evening Standard by Opinium, voters in London said they were overwhelmingly in favour of the UK stay
Read moreFTSE 100 movers: RBS and Tesco lead strong rally
24th May 2016 15:05
(ShareCast News) - The FTSE 100 shrugged off an early dip to put on a strong gain over Tuesday's session as Brexit odds lengthened, oil prices strengthened and a banking sector tracking expectations of a US rate rise higher. With an hour to go before the close, the blue chip index was up 1.1% at 6,2
Read moreTuesday broker round-up
24th May 2016 14:41
(ShareCast News) - Standard Chartered: Macquarie reiterates to outperform with a 440p target. Britvic: Goldman Sachs stays at buy with a 838p target. Premier Oil: JP Morgan keeps at neutral with a target price of 61p. RBS: Deutsche Bank reiterates hold with a target of 239p. BT: Macquarie reitera
Read moreTuesday newspaper round-up: US libor case, UK fracking decision, CNH
24th May 2016 06:52
(ShareCast News) - A US appeals court has reinstated a civil lawsuit accusing 16 major banks of conspiring to manipulate the Libor benchmark interest rate. The ruling, which overturns a 2013 decision, could bankrupt the institutions, the judges warned. A lower court judge erred in dismissing the ant
Read moreFinancials lead gains as interest rate curves steepen, pound pops higher
18th May 2016 19:36
(ShareCast News) - Financials led gains in London, over on the Continent and across the Pond too, as interest rate futures continued to progressively - albeit only modestly - price-in a higher probability of a US central bank rate hike in the very near-term, perhaps as soon as the next month. As of
Read moreWednesday newspaper share tips: Lloyds, Premier Foods
18th May 2016 13:07
(ShareCast News) - UK's big banks are at a nadir in their fortunes and yet to enjoy a sustained uplift in their business, albeit with fundamentals beginning to turn north, says the Financial Times' Lex column. Mortgage, credit card and personal lending all turned a corner in 2014, and in 2015 both L
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 moreRBS names Frank Dangeard director as Williams & Glyn divestment saga continues
16th May 2016 15:53
(ShareCast News) - Royal Bank of Scotland has appointed Frank Dangeard as a non-executive director with immediate effect and against the backcloth of its IT-plagued struggle to divest the Williams & Glyn unit. Dangeard, a former banker and senior company executive, has substantial board-level experi
Read moreSunday newspaper round-up: RBS, Shell, Cobham, BT, banks
15th May 2016 17:01
(ShareCast News) - Royal Bank of Scotland is examining a range of radical options to help speed the long-delayed separation and flotation of its Williams & Glyn subsidiary, including a potential divestment of its NatWest brand. Banking sources have indicated to the Sunday Telegraph that RBS and its
Read moreRBS to cut 200 more branch jobs
12th May 2016 14:39
(ShareCast News) - Royal Bank of Scotland reportedly plans to axe around 200 branch jobs in Scotland, southwest England and Wales, with the lender confirming cuts were being made but not the exact number. The redundancies take 73% state-owned RBS's recent job cuts to more than 1,300 of its 12,000-st
Read moreTuesday broker round-up
10th May 2016 15:38
(ShareCast News) - Foxtons: Citigroup upgrades to neutral with a 140p target. RBS: HBSC retains hold with a 240p target. Croda: JP Morgan keeps at overweight with a 3314p target. Aberdeen Asset Management: Goldman Sachs reiterates neutral with a target of 294p. Bovis Homes: Canaccord reiterates b
Read moreBroker tips: RBS, Bovis Homes, British Land
10th May 2016 13:11
(ShareCast News) - Royal Bank of Scotland was still on track to generate considerable surplus capital in the medium-term, but the exact amount and timing of any distribution were uncertain, HSBC said. Possible delays to the separation of Williams&Glyn meant the lender might breach its State Aid Comm
Read moreHSBC trims target price on RBS
10th May 2016 11:52
(ShareCast News) - Royal Bank of Scotland was still on track to generate considerable surplus capital in the medium-term, but the exact amount and timing of any distribution were uncertain, HSBC said. As well, possible delays to the separation of Williams&Glyn meant the lender might breach its State
Read moreThursday newspaper round-up: BT, Wonga, Telefonica, RBS
5th May 2016 07:17
(ShareCast News) - Liberty Global, the media company that owns Virgin Media in the UK, plans to donate up to £500,000 to the campaign to keep Britain in Europe in one of the largest donations from the corporate sector. The donation, which has to be approved by Liberty Global shareholders, will match
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