Broker tips: RBS, easyJet, IAG, Serco
2nd Nov 2015 13:21
(ShareCast News) - Exane BNP Paribas upgraded Royal Bank of Scotland to 'outperform' from 'neutral' and lifted the price target to 370p from 360p.Over the last year, the bank has maintained a relatively cautious investment stance on RBS. Over the last year, the bank has maintained a relatively cauti
Read moreExane upgrades RBS on attractive risk/reward
2nd Nov 2015 12:38
(ShareCast News) - Exane BNP Paribas upgraded Royal Bank of Scotland to 'outperform' from 'neutral' and lifted the price target to 370p from 360p. Over the last year, the bank has maintained a relatively cautious investment stance on RBS. It said that despite the appeal of the restructuring story a
Read moreRBS says CFG stake sale will net £100m profit in fourth quarter
30th Oct 2015 12:34
(ShareCast News) - Royal Bank of Scotland (RBS) said it would make a fourth-quarter pre-tax profit of £100m from the sale of its remaining 20.9% stake in Citizen's Financial Group (CFG). RBS said it sold 110m shares at $23.38 each, adding that the net $2.6bn (£1.69bn) raised from the stake sale woul
Read moreRBS restructuring costs rise; warns on potential higher conduct charges
30th Oct 2015 07:46
(ShareCast News) - Higher restructuring costs have seen third quarter pre-tax profits at RBS slump to £2m from £1.1bn in the same period last year. Restructuring costs rose to £847m from £167m in the period. Attributable profit was up to £952m from £896m as the company included a £1.1bn gain from it
Read moreFriday preview: Eurozone inflation, RBS third quarter interims
29th Oct 2015 13:06
(ShareCast News) - The Eurozone consumer price index may have improved slightly in October compared to a year ago, according to the consensus forecast. Friday's Eurozone CPI is expected to show 0% year-on-year growth in October, up from a 0.1% fall the previous month. However, inflation remains wel
Read moreRBS signs up to Facebook's business social network
26th Oct 2015 11:07
(ShareCast News) - Facebook has signed Royal Bank of Scotland up to its business social network Facebook at Work. The FTSE 100 bank said on Monday it will be rolled out to 30,000 employees by end of March and all its 100,000 employees will be signed up by the end of next year. The addition of RBS w
Read moreSunday newspaper round-up: TalkTalk, Carney, BoE
25th Oct 2015 14:34
(ShareCast News) - TalkTalk customers have had their bank accounts emptied after a huge cyberattack on the telecoms company, it was revealed last night. Senior staff ignored a warning more than a year ago that online security was lacking. - The Times TalkTalk customers targeted by cyber-criminals re
Read moreUK bank sector lacking competition but CMA report falls short of major changes
22nd Oct 2015 07:51
(ShareCast News) - Consumers and small businesses are still suffering from a lack of competition in the UK banking sector, competition authorities said in a report on Thursday that called for banks to retain free bank accounts and making proposals to force banks to help customers to shop around for
Read moreSunday newspaper round-up: IMF, Anheuser-Busch InBev, Barclays
11th Oct 2015 12:26
(ShareCast News) - The International Monetary Fund concluded its annual meeting in Lima with a warning to central bankers that the world economy risks another crash unless they continue to support growth with low interest rates. The Washington-based lender of last resort said in its final communiqué
Read moreBroker tips: Glencore, HSBC, Barclays, Aldermore
29th Sep 2015 14:29
(ShareCast News) - Commodity trader Glencore took a beating on Monday, falling to its lowest level since its IPO in 2011, after Investec said the company's equity value is zero at current spot prices, but two analysts came out in its defence on Tuesday. Citi, which rates the stock at 'buy', said the
Read moreNomura still bullish on UK domestic banks, Barclays and Lloyds among top picks
29th Sep 2015 10:15
(ShareCast News) - Nomura remains bullish on domestic UK banks, highlighting Barclays and Lloyds Banking Group among its top five picks in the sector. It said that despite a number of headwinds facing the UK banks, they appear well positioned relative to peers in terms of capital, underlying profita
Read moreLondon close: Stocks increase as US GDP revised higher, Yellen signals rate hike
25th Sep 2015 17:09
(ShareCast News) - London stocks finished Friday's session in positive territory after figures US gross domestic product for the second quarter was unexpectedly revised higher, adding to the case for an interest rate hike later this year. The third and final estimate of second quarter US GDP was rev
Read moreBroker tips: IAG, Unilever, RBS
25th Sep 2015 13:15
(ShareCast News) - JPMorgan Cazenove upgraded International Consolidated Airlines Group to 'overweight' from 'neutral' and lifted its price target to €9.55 from €8.50. JPM highlighted IAG's potential to expand profitability beyond the 1-2% unit cost savings discounted in the bank's medium-term estim
Read moreRBS gains on upbeat notes by RBC Capital, Morgan Stanley
25th Sep 2015 09:06
(ShareCast News) - Royal Bank of Scotland got a boost on Friday from a couple of upbeat broker notes. RBC Capital Markets upgraded RBS to 'sector perform' from 'underperform', keeping the target price at 350p, saying it sees 11% upside to the share price. "We have taken a fresh look at the investme
Read moreTuesday newspaper round-up: RBS, FCA, British Gas
22nd Sep 2015 05:56
(ShareCast News) - UK Financial Investments, the body charged with managing the state's holdings in RBS and Lloyds Banking Group, has been ordered by the Treasury select committee to explain why the government needed to commission a separate report into the sale from Rothschild, despite having an in
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