FTSE 100 movers: Royal Dutch Shell and BG Group on the rise after takeover approved
28th Jan 2016 13:53
(ShareCast News) - The FTSE 100 resurfaced into the black after sinking into the red before lunch, with the blue chip market up 8.45 points (0.14%) to 5,998.82 by early-afternoon on Thursday. Anglo American surged to the top of the market as investors welcomed its fourth quarter production report. O
Read moreThursday newspaper share tips: More bad news for RBS possible
28th Jan 2016 10:59
(ShareCast News) - The Times' Tempus doesn't think all the bad news from Royal Bank of Scotland is out yet. As well as confirming the bank will make a loss for 2015, the FTSE 100 company announced on Wednesday a large clean-up in the fourth quarter, including £500m of PPI provisions, $2.2bn (£1.5bn)
Read moreFTSE 100 movers: Sage leads market back into the black
27th Jan 2016 14:08
(ShareCast News) - After a turbulent day, the FTSE 100 was up 12.72 points (0.22%) by mid-afternoon Wednesday to 5,924.18. Sage led the market after posting an increase in first quarter revenues, driven by strong software subscription revenue. It saw group organic revenue for the three months to 31
Read moreBroker tips: RBS, Croda, Sage
27th Jan 2016 10:43
(ShareCast News) - Shore Capital reiterated its 'buy' rating on Royal Bank of Scotland after the bank reported a surprise hit to its balance sheet as part of a clean-up plan. In an unscheduled trading update, RBS confirmed it would make a loss for 2015 and announced a large clean-up in the fourth qu
Read moreShore Capital praises RBS clean-up plan
27th Jan 2016 10:18
(ShareCast News) - Shore Capital reiterated its 'buy' rating on Royal Bank of Scotland after the bank reported a surprise hit to its balance sheet as part of a clean-up plan. In an unscheduled trading update, RBS confirmed it would make a loss for 2015 and announced a large clean-up in the fourth qu
Read moreRBS sets aside £6.7bn for US mortages, PPI and pension fund
27th Jan 2016 07:21
(ShareCast News) - As well as confirming the bank will make a loss for 2015, Royal Bank of Scotland has announced a large clean-up in the fourth quarter, including £500m of PPI provisions, $2.2bn (£1.5bn) for US residential mortgage-backed securities probes, and £4.2bn poured into its pension fund.
Read moreFTSE 100 movers: Miners dominate as market claws back losses
26th Jan 2016 13:43
(ShareCast News) - After starting the day in the red, the FTSE 100 clawed back to even territory by rising 3.09 points (0.05%) to 5,880.09 by mid-afternoon. Miners dominated the risers list as oil prices stayed above $30 a barrel and gave the market some confidence. At 1416 GMT, Brent crude had rise
Read moreBroker tips: PZ Cussons, Vodafone, UK banks
26th Jan 2016 13:06
(ShareCast News) - PZ Cussons has achieved a "solid" first half given the challenges, according to Investec. The consumer goods company reported a 0.2% dip in reported revenue to £385.9m in the first half due to foreign exchange headwinds. Pre-tax profit fell 3.7% on a reported basis to £42.1m. The
Read moreUBS ups RBS to 'buy' as it re-initiates coverage on UK banks
26th Jan 2016 09:02
(ShareCast News) - UBS re-initiated coverage on the five large UK banks, backed by new models and analytical support. It upgraded Royal Bank of Scotland to 'buy' from 'neutral', cutting the target price to 350p from 363p. UBS argued that until now, the bank's small index weight - 0.6% of the FTSE 1
Read moreFTSE 100 movers: Investors not happy with Kingfisher's transformation programme
25th Jan 2016 14:05
(ShareCast News) - The FTSE 100 started the week in the red, with the blue chip market down 21.22 points (0.36%) to 5,878.79 by mid-afternoon Monday. Shares in Kingfisher dropped after the B&Q owner announced a five-year transformation programme on Monday, saying it plans to deliver a £500m sustaina
Read moreLloyds and other lenders set to announce fresh PPI provisions, report claims
25th Jan 2016 10:20
(ShareCast News) - Britain's largest lenders are preparing to set aside billions of more pounds for provisions against the payment protection insurance mis-selling scandal, according to reports over the weekend. Insiders from Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland and Santander
Read moreS&P says RBS may be on path to sustained improvement, raises outlook
19th Jan 2016 16:48
(ShareCast News) - RBS may be on the path to a sustained improvement in its credit strength, even allowing for "probable" large conduct and litigation charges during 2016, Standard&Poor's said. That led S&P to raise its outlook on the group's long-term credit rating from 'stable' to 'positive'. --
Read moreRBS slips on concern about dividend reinstatement plans
18th Jan 2016 18:38
(ShareCast News) - Shares in RBS fell on Monday with some market commentary referencing worries that another year of losses might put the lender's plan to reinstate dividend payments in jeopardy. In an interview with Bloomberg TV on 15 January the lender's chairman, Howard Davies, said: "We've got s
Read moreFTSE 100 movers: Oil prices sink blue chip market
15th Jan 2016 14:29
(ShareCast News) - The FTSE 250 is set to end the week on a sour note, with the blue chip market sitting down 119.49 points (2.02%) at 5,798.74 by mid-afternoon Friday. Falling oil prices affected most of the market's biggest fallers, as oil stayed below $30 a barrel. That hit the mining sector, esp
Read moreLloyds downgraded on Exane's bleak outlook for sector
13th Jan 2016 08:49
(ShareCast News) - Exane BNP Paribas has downgraded Lloyds Banking Group from 'neutral' to 'underperform' and reiterated its 'underperform' rating for Barclays on a bleak operational outlook for UK banks. In a note to investors on Wednesday, it said comments from the Department for Business, Innovat
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