Broker tips: Centamin, TUI, RBS
18th Apr 2016 12:25
(ShareCast News) - Numis reiterated an 'add' rating on Centamin and raised the target price to 110p from 100p after the miner reported a jump in first quarter production Centamin earlier this month reported a 6.4% increase in gold production at its flagship Sukari gold mine in Egypt to 125,268 ounce
Read moreUBS bullish on RBS's ability to return capital, but cuts target price
18th Apr 2016 11:06
(ShareCast News) - Markets were underestimating the ability of RBS to return capital to shareholders and deliver "significant" earnings per share accretion, UBS said. Investors had grown tired of restructuring stories, and RBS had missed earnings estimates, delayed dividends and was struggling to tu
Read moreFTSE 100 movers: SABMiller higher, while Brexit risk drags housebuilders
15th Apr 2016 15:23
(ShareCast News) - The FTSE 100 was in the red on Friday afternoon, as investors reacted to slower growth in China, with lower oil prices and Brexit concerns also affecting the markets. SABMiller was among the leaders, after fellow brewing conglomerate Anheuser-Busch InBev agreed to create a ZAR 1bn
Read moreRBS to axe 600 jobs at UK retail bank
14th Apr 2016 09:50
(ShareCast News) - Trade union Unite said Royal Bank of Scotland is axing around 600 jobs in its retail division and closing 32 branches. The bank plans to cut around 200 jobs in London and the south east of England, with another 400 to go in the Midlands, according to Unite. "With job losses acros
Read moreThursday newspaper round-up: RBS, ITV, Tata, BP
14th Apr 2016 07:23
(ShareCast News) - George Osborne will have to consider selling the public stake in Royal Bank of Scotland at a loss because keeping it in the public sector is bad for the bank and the economy, the outgoing head of the Treasury has claimed. Sir Nick Macpherson said it was "going to be tricky" for th
Read moreMonday broker round-up
11th Apr 2016 16:20
(ShareCast News) - Phoenix Group: JP Morgan downgrades to neutral with a target price of 942p. Fresnillo: RBC downgrades to underperform with a target price of 750. Jupiter Management: UBS reiterates neutral with a target price of 410p and Jefferies keeps at buy, 472p target. Petrofac: Nomura keep
Read moreRBS said to close India business by end of the year
11th Apr 2016 10:26
(ShareCast News) - Royal Bank of Scotland will reportedly close its banking operations in India after deciding against the sale of the division due to worries about red tape. Strict regulations on the acquisition of banking businesses have led RBS to believe the process involved in selling its India
Read moreHSBC, RBS and Barclays said to plan 400 branch closures this year
6th Apr 2016 14:55
(ShareCast News) - HSBC, Royal Bank of Scotland and Barclays are reportedly set to close 400 UK branches this year. Reuters cited people familiar with the matter as saying that HSBC was set to close the highest number, with about 200 branches this year. That is about a fifth of the bank's UK branche
Read moreWednesday broker round-up
30th Mar 2016 14:53
(ShareCast News) - Inmarsat: Berenberg upgrades to hold with a target price of 890p. Next: Investec downgrades to sell, 5250p target, Jefferies reiterates hold with a target price of 5100p, JP Morgan stays at neutral with a target of 6370p and HSBC keeps at hold, 6260p target. Glaxosmithkline: Citi
Read moreRBS pays off government golden share to enable dividend payments
22nd Mar 2016 08:10
(ShareCast News) - Royal Bank of Scotland will be able to issue shareholders with dividends after it paid off the final 'golden share' owed to the UK government. RBS revealed it will on Tuesday pay off a £1.193bn 'dividend access share' (DAS) to the Treasury, the arrangement that put the government
Read moreNomura downgrades StanChart, HSBC, Barclays
18th Mar 2016 12:12
(ShareCast News) - China's economy was set to slow more sharply than most analysts were expecting, leading to a further devaluation of the country's currency, the yuan, which in turn would weigh on the broader emerging market currency space and business for the likes of HSBC and StanChart, Nomura sa
Read moreSectors movers: Precious metals miners shine, banks hit by Fed
17th Mar 2016 16:08
(ShareCast News) - A charge of the large cap mining brigade kept the FTSE 100 index just in positive territory through Thursday afternoon. Boosted by the weaker dollar, commodity prices perked up, with copper up 2%, iron ore strengthening even more and precious metals sparkling. "Gold has found its
Read moreSector movers: Antofagasta crushed after company abandons dividend
15th Mar 2016 16:56
(ShareCast News) - Miners came under renewed selling pressure as iron ore futures continued to come off the boil and ahead of the US central bank's policy meeting the next day, with the Bank of Japan's decision overnight to keep its policy settings unchanged - instead of delivering further stimulus
Read moreTuesday broker round-up
15th Mar 2016 16:46
(ShareCast News) - Virgin Money: Goldman Sachs reiterates neutral with a target price of 450p and Berenberg stays at hold with a 400p target. Gem Diamonds: Panmure Gordon keeps at buy, 181p target and Finncap reiterates buy with a target of 270p. G4S: Credit Suisse reiterates neutral with a target
Read moreRBS axing 448 investment bank jobs
15th Mar 2016 14:45
(ShareCast News) - Royal Bank of Scotland is axing 448 investment banking jobs as part of a radical restructuring and is planning to transfer millions of pounds of pension-related costs on to employees, the Financial Times reported, citing a bank spokesman. The report stated that the state-backed
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