Broker tips: Cairn Energy, RBS, Aberdeen Asset Management
5th Jan 2016 12:11
(ShareCast News) - Canaccord Genuity on Tuesday raised its target price on Cairn Energy to 185p from 170p after the company announced the successful testing of the SNE-2 appraisal well offshore Senegal with positive results. The oil and gas exploration and production company on Monday said operation
Read moreRBC Capital upgrades RBS to 'outperform'
5th Jan 2016 08:13
(ShareCast News) - RBC Capital Markets upgraded Royal Bank of Scotland to 'outperform' from 'sector perform' and lifted the price target to 375p from 350p. "2016 should be a year of meaningful progress for RBS with the passing of the bulk of litigation and restructuring charges and ending with a suc
Read moreLondon close: Stocks end lower on slump in commodities
30th Dec 2015 16:19
(ShareCast News) - UK stocks slumped on Wednesday as shares in mining and oil producers declined. Oil prices reversed the previous day's gains on concerns about a supply glut after a report showed an unexpected rise in US crude inventories. The Energy Information Administration said US crude invent
Read moreFTSE 100 movers: Worldpay strong but banks out of favour
30th Dec 2015 14:18
(ShareCast News) - London's FTSE 100 was down 0.6% to 6,274.20 at 1425 GMT, giving back some gains following a solid performance in the previous session, in holiday-thinned trade. With volumes low and many traders still away from their desks for the Christmas and New Year holidays, there was no real
Read moreRBS looking at trade sale of Williams & Glyn
16th Dec 2015 07:28
(ShareCast News) - Royal Bank of Scotland said it is planning a trade sale of Williams & Glyn, as it announced that it has made significant progress in separating the retail banking business. The bank, which was rescued by the government during the financial crisis, said the strategic attractiveness
Read moreMonday newspaper round-up: Fosun, Rolls-Royce, RBS
14th Dec 2015 07:06
(ShareCast News) - Guo Guangchang, the Chinese tycoon caught up in Beijing's anti-corruption drive, has emerged in public for the first time after four days out of sight while assisting a judicial investigation. Mr Guo appeared on stage on Monday to address an annual internal conference of his compa
Read moreSunday newspaper round-up: Debenhams, Buy-to-Let boom, Lonmin
13th Dec 2015 19:42
(ShareCast News) - Debenhams has watered down the targets its bosses need to hit to receive multimillion-pound paydays, saying the lower hurdles reflect "ongoing challenges in the UK retail sector". The struggling department store chain, whose chief executive resigned in October after a wave of shar
Read moreRBS launches internal inquiry after failing to inform customers of old accounts
13th Dec 2015 10:05
(ShareCast News) - Royal Bank of Scotland (RBS) has launched an internal inquiry after it was discovered it had been "misinforming" 4,500 customers over inactive accounts. People attempting to track down dormant accounts were told their money was not being held by the bank, when in fact it was. The
Read moreThursday broker round-up
10th Dec 2015 15:52
(ShareCast News) - Anglo American: Nomura slashes target from 780p to 370p but reiterates reduce. Royal Mail: Morgan Stanley stays at buy with 420p target price. Enquest: Canaccord Genuity lowers target from 30p to 25p but keeps at hold. Entertainment One: JP Morgan reiterates overweigh and nudges
Read moreRBS sells Irish home loans to Cairn Homes and Lone Star for £360m
7th Dec 2015 07:47
(ShareCast News) - RBS has sold a portfolio of Irish real estate loans and a 1,700-acre land bank for £360m to Ireland's recently floated Cairn Homes and an affiliate of Lone Star Funds. The sale by RBS's Ulster Bank arm, which has a risk weighted asset equivalent of £700m, is designed to strengthen
Read moreFTSE 100 movers: Banks lead the charge after stress test results
1st Dec 2015 14:15
(ShareCast News) - The FTSE 100 was in the black on Tuesday, sitting at 6,379.33, up 23.24 points (0.37%) by mid-afternoon. The biggest risers came from the banking sector after all seven of Britain's largest banks passed stress tests by the Bank of England, with Governor Mark Carney assuring that n
Read moreAll seven UK banks pass BoE stress tests
1st Dec 2015 07:06
(ShareCast News) - All seven of Britain's largest banks have passed stress tests by the Bank of England, with Governor Mark Carney assuring that no new wave of higher capital requirements was incoming. Investors took confidence from Carney's affirmation that banks would need to hold Tier 1 equity of
Read moreRBS executives receive fixed share allowance
10th Nov 2015 16:09
(ShareCast News) - A number of key staff members at Royal Bank of Scotland all made a tidy bonus on Tuesday. The shares delivered were in payment of a fixed share allowance for the six month period ended 31 December 2015. Chief executive Ross McEwan received 156,133 shares valued at £500,000, while
Read moreSector movers: Utilities downgraded, banks hit by FSB capital rules
9th Nov 2015 16:05
(ShareCast News) - The utilities sector was the worst performer on Monday, with banks starting well but losing ground and fund managers well bought. Banks got off to a good start early in the session, with Barclays, RBS, HSBC and Standard Chartered all powering higher as, following last week's robus
Read moreUK government holding back on sale of more RBS shares, reports say
4th Nov 2015 14:32
(ShareCast News) - The British government is reportedly considering waiting to sell more Royal Bank of Scotland shares until next year after UK lenders reported weaker-than-expected third quarter earnings. withholding RBS posted a third-quarter loss on Friday, falling short of analysts' forecasts a
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