RBS sees slowdown in UK, preparing for various EU referendum scenarios
4th May 2016 14:31
(ShareCast News) - Royal Bank of Scotland said on Wednesday that it has seen signs of a slowdown in investment and in retail sales in the UK, with overall growth likely to be a little slower than was expected last year. In a speech to be given at the bank's annual general meeting, chairman Howard Da
Read moreTuesday broker round-up
3rd May 2016 15:50
(ShareCast News) - Tullow Oil: Goldman Sachs upgrades to buy with a 274,30p target. RSA Insurance: Barclays upgrades to overweight with a 545p target. RBS: UBS reiterates neutral with a target price of 250p Barclays reiterates equal-weight with a target of 270p and Goldman Sachs stays at buy with 3
Read moreUBS downgrades RBS to 'neutral' on payout uncertainty
3rd May 2016 10:50
(ShareCast News) - UBS downgraded Royal Bank of Scotland to 'neutral' from 'buy' and cut the price target to 250p from 310p, pointing to significant payout uncertainty. UBS said first-quarter adjusted pre-tax profit of RBS's ongoing businesses beat its estimates by 16%, with all meaningful divisions
Read moreSunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham
1st May 2016 18:03
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read moreSunday share tips: The Restaurant Group, RBS, Connect Group
1st May 2016 15:15
(ShareCast News) - The Restaurant Group remains on the menu for the Sunday Times' Inside the City columnist Danny Fortson, three months after it was recommended in the paper while he was on holiday. After the Garfunkels owner's third profit warning in a year, the shares are a dog's dinner, but the m
Read moreSector movers: Banks, engineering stocks lead drop
29th Apr 2016 18:46
(ShareCast News) - Banks weighed on the Footsie at the end of the week as Royal Bank of Scotland flagged to investors the risk that the sale and separation of its Williams&Glyn retail and business bank could take at least another two years. That operation was one of the conditions set by regulators
Read moreBroker tips: Pearson, Weir Group, RBS
29th Apr 2016 12:47
(ShareCast News) - Numis reiterated a 'reduce' rating and target price of 640p for Pearson on Friday after the education publisher reported its first quarter trading update. The company reported a 4% drop in first quarter sales in underlying sales, reflecting expected weakness in assessment revenues
Read moreFriday broker round-up
29th Apr 2016 12:44
(ShareCast News) - BT Group: UBS upgrades to neutral with a 430p target. Howden Joinery: JP Morgan reiterates overweight with a 570p target. Weir: HSBC upgrades to hold with a target price of 1150p JP Morgan reiterates underweight with a target of 735p and Jefferies stays at underperform with 730p
Read moreShore stays at buy on RBS following Q1 figures, flags risks to dividend
29th Apr 2016 11:44
(ShareCast News) - ShoreCap retained its positive stance on Royal Bank of Scotland following the lender´s latest results but flagged the possibility that setbacks in the sale of its William&Glyn unit might hinder the restart of dividend payments next year. Analyst Gary Greenwood highlighted manageme
Read moreRBS Q1 losses more than double after payment to UK govt
29th Apr 2016 07:50
(ShareCast News) - British taxpayer-owned Royal Bank of Scotland more than doubled first quarter losses to £968m after paying out a £1.2bn dividend to the UK government. Operating profits rose to £421m from £37m in 2015, although revenues slumped 13% to £3.06bn. RBS said RBS is still 73%-owned by t
Read moreRBS likely to miss 2017 deadline for Williams & Glyn sale
28th Apr 2016 14:06
(ShareCast News) - Royal Bank of Scotland has warned that it is likely to miss the 2017 deadline to spin off its Williams & Glyn subsidiary, laying the bank open to a "significantly greater" financial impact than hoped, including further delaying the resumption of dividends. RBS, which is being forc
Read moreFriday preview: RBS to report first quarter loss, analysts estimate
28th Apr 2016 12:40
(ShareCast News) - The Royal Bank of Scotland is expected to report a wider first quarter loss on Friday, reflecting a £1.25bn payment to the Treasury. The City estimates a first quarter loss of £957m, compared to a loss of £446m for the same period in 2015. The loss is largely due to a payment to
Read moreSector movers: Banks and homebuilders lead gains
26th Apr 2016 15:19
(ShareCast News) - Banks and real estate and property stocks rode to the top of the leaderboard on the heels of well-received quarterly earnings from StanChart and a perception that Brexit risks were fading, although analysts and market commentary were cautious on both counts. For the first quarter
Read moreFTSE 100 movers: Miners and banks slump but Imperial gains on upgrade
25th Apr 2016 14:05
(ShareCast News) - London's FTSE 100 index was down 0.8% to 6,260.09 in afternoon trading, with miners pacing the decline. Heavily-weighted mining stocks were the worst performers as metals prices slipped, with Anglo American, BHP Billiton, Rio Tinto and Glencore all firmly on the back foot. Standa
Read moreNational Grid hit by jump in UK debt yields
21st Apr 2016 18:38
(ShareCast News) - Public sector net borrowing in the UK only overshot the Chancellor's target for the full fiscal year modestly, analysts said, but that was enough to push sovereign debt yields higher, knocking the likes of National Grid off their perch. Westminster's net cash requirement fell 34.0
Read more