Sunday share tips: Dairy Crest, Cluff Natural Resources, tightening cycle stocks
20th Sep 2015 15:08
(ShareCast News) - Dairy Crest shares are worth buying, said Danny Fortson in the Sunday Times' Inside the City column. Investors are currently awaiting a Competition & Markets Authority decision on 19 October whether to allow Dairy Crest to sell its dairy business, roughly two thirds of group sales
Read moreWilliams and Glyn hire coaching firm as bosses prepare to go public
20th Sep 2015 10:06
(ShareCast News) - Williams and Glyn is preparing for its spin-off from Royal Bank of Scotland by hiring an executive training firm. The firm will coach the bank's senior team, readying its members for their roles as heads of a public company. According the the Telegraph, coaching agency Toward wil
Read moreRBS settles mortgage claims with US regulator
16th Sep 2015 10:07
(ShareCast News) - Royal Bank of Scotland has agreed to pay £88.4m to settle claims by a US regulator that it sold toxic mortgage-backed securities to now-defunct credit unions, according to a court filing on Tuesday. The National Credit Union Administration, which regulates, charters and supervises
Read moreThere needs to be a debate on banks' capital requirement, BoE's Haldane says
14th Sep 2015 18:37
(ShareCast News) - There needs to be a debate on whether banks' capital requirements should be higher even if they will be ten times higher than before the crisis, Bank of England chief economist Andy Haldane said in comments posted to the internet. He was speaking via the Bank's official Twitter ch
Read moreLondon close: Stocks decline on interest rate confusion ahead of FOMC decision
14th Sep 2015 16:27
(ShareCast News) - The UK equity market declined on Monday after earlier gains as investors showed nervousness ahead the Federal Reserve's interest rate decision. The Federal Open Market Committee on Thursday announces whether it will raise rates for the first time in almost a decade following a two
Read moreBanks' technology investments are not panacea yet, warns Bernstein
14th Sep 2015 10:18
(ShareCast News) - Bernstein warned investors not to expect the rise of financial technology to enable banks to significantly cull branch numbers in coming years, but that substantial changes to the industry are still likely via 'fintech'. Bernstein, whose current stance on UK banks has Royal Bank o
Read moreSunday newspaper round-up: RBS spin-off, Trinity Mirror acquisition, PR Newswire sale
13th Sep 2015 16:38
(ShareCast News) - Royal Bank of Scotland will begin marketing the initial public offer of its Williams & Glyn spin-off later this year ahead of a flotation expected in the second half of 2016. The Sunday Telegraph reported that, with Bank of America Merrill Lynch advising the lender on the process,
Read moreRBS gearing up to flotation of Williams and Glyn
13th Sep 2015 13:00
(ShareCast News) - Royal Bank of Scotland (RBS) is set to finally get the ball rolling with the sale of Williams and Glyn, it was revealed over the weekend. The flotation of the operation is now expected to happen in the latter half of 2016, the Sunday Telegraph reported, with Bank of America Merril
Read moreBroker tips: StanChart, BP, Tullow Oil
10th Sep 2015 16:24
(ShareCast News) - The largest UK banks face several further operational headwinds which the market may not be fully factoring in yet, analysts believe. Foremost among those is the 2018 implementation of the IFRS9 accounting standard regarding provisions, which will be half again as high as IAS39. T
Read moreExane BNP lowers targets across UK banks, except RBS
10th Sep 2015 16:12
(ShareCast News) - The largest UK banks face several further operational headwinds which the market may not be fully factoring in yet, analysts believe. Foremost among those is the 2018 implementation of the IFRS9 accounting standard regarding provisions, which will be half again as high as IAS39. T
Read moreRBS sells corporate loan portfolio to China Construction Bank for £498m
10th Sep 2015 08:49
(ShareCast News) - Royal Bank of Scotland has entered into a definitive agreement to sell a portfolio of corporate loan commitments related to its Chinese banking business to China Construction Bank Corporation for around £498m. RBS, which expects to generate a profit on disposal of around £4m, said
Read moreBank surcharge forecasts "vastly understate" pain on sector, says EY
7th Sep 2015 13:30
(ShareCast News) - The banking sector will have to pay out vastly more than expected from George Osborne's new profits surcharge, which was introduced to reduce the pain of the Bank Levy on lenders such as HSBC. When the Chancellor unveiled the new 8% surcharge on bank profits and plans to lower the
Read moreBroker tips: RBS, ARM Holdings, Astrazeneca
2nd Sep 2015 13:17
(ShareCast News) - Societe Generale upgraded Royal Bank of Scotland to 'hold' from 'sell' with an unchanged price target of 330p. It said the long-term view for RBS is attractive, namely to become a UK-focused retail and commercial bank. SocGen said the de-risking of the balance sheet has really ta
Read moreBroker tips: RBS, ARM Holdings, Astrazeneca
2nd Sep 2015 13:17
(ShareCast News) - Societe Generale upgraded Royal Bank of Scotland to 'hold' from 'sell' with an unchanged price target of 330p. It said the long-term view for RBS is attractive, namely to become a UK-focused retail and commercial bank. SocGen said the de-risking of the balance sheet has really ta
Read moreBroker tips: RBS, ARM Holdings, Astrazeneca
2nd Sep 2015 13:17
(ShareCast News) - Societe Generale upgraded Royal Bank of Scotland to 'hold' from 'sell' with an unchanged price target of 330p. It said the long-term view for RBS is attractive, namely to become a UK-focused retail and commercial bank. SocGen said the de-risking of the balance sheet has really ta
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