SocGen ups RBS to 'hold', says book value headwinds priced in
2nd Sep 2015 10:28
(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 tak
Read moreLondon close: Stocks drop as investors dwell on China slowdown
26th Aug 2015 16:08
(ShareCast News) - UK equities dropped on Wednesday as China's economic slowdown continued to weigh on investors' minds. The People's Bank of China on Wednesday said it would pump 140 billion yuan into the financial system through a short-term liquidity adjustment operation. The SLO loans, introduce
Read moreMorgan Stanley turns positive on RBS for first time in six years
26th Aug 2015 14:09
(ShareCast News) - Morgan Stanley upgraded its stance on Royal Bank of Scotland to 'overweight' from 'equalweight' and lifted its price target to 400p from 345p as restructuring enters the final furlong. The bank said this marks the first time in six years that it's turning positive on RBS. MS said
Read moreFTSE 100 movers: Weir Group rallies on Schlumberger deal; WPP drops after results
26th Aug 2015 13:13
(ShareCast News) - London's FTSE 100 was up 0.2% to 6,091 by 1352 BST, recovering from earlier losses, although worries about a slowdown in China continued to unsettle investors. Engineering company Weir got a boost from M&A news in the sector, after it emerged that oilfield services group Schlumber
Read moreRBS, Barclays and HSBC among nine banks to settle forex-rigging claims
14th Aug 2015 14:52
(ShareCast News) - HSBC, Barclays and Royal Bank of Scotland are among nine banks that have agreed a settlement with US investors over foreign exchange rate rigging claims, with litigation continuing a group of 12 others that includes Standard Chartered. UBS, Citibank, Goldman Sachs, BNP Paribas, Ba
Read moreFriday newspaper round-up: Greece debt doubts, cut-price steel, RBS, BT
14th Aug 2015 06:59
(ShareCast News) - The European institutions overseeing Greece's bailout have expressed "serious concerns" over the sustainability of the country's debt, bringing them into line with the more pessimistic assessment of the International Monetary Fund. The European Commission and the European Central
Read moreLondon pre-open: FTSE 100 tipped to open higher
10th Aug 2015 07:12
(ShareCast News) - City sources predict the FTSE 100 will open 30 points higher than Friday's close of 6,718.49. European equities are set to start with gains this morning, as they par back some of Friday's losses, London Capital Group night dealer Jonathan Sudaria said. "However, despite the posit
Read moreMonday newspaper round-up: Greece, Carphone Warehouse, RBS
10th Aug 2015 07:02
(ShareCast News) - Greece is closer to unlocking a fresh €86bn (£61bn) rescue package after the country's creditors reportedly agreed on a draft deal this weekend. German and Greek media said 27-pages of "substantial" and "far-reaching" reforms had been agreed following marathon talks between Euclid
Read moreSunday newspaper round-up: PPI mark II, RBS share sale, Shire, Dixons
9th Aug 2015 19:02
(ShareCast News) - UK banks have begun to prepare for a fresh multi-billion-pound wave of further compensation for mis-selling payment-protection insurance (PPI). City watchdog the Financial Conduct Authority (FCA) is poised to deliver its verdict on a new potential PPI scandal, sparked by a Supreme
Read moreRBS raises $3.12bn through convertible bonds issue
6th Aug 2015 11:35
(ShareCast News) - Royal Bank of Scotland has raised $3.12bn through the pricing of contingent convertible bonds, which will be used for general corporate purposes. If the bank's core capital ratio falls below 7%, the additional Tier 1 securities will convert to equity. Chief executive officer Ross
Read moreWednesday tips round up: Royal Bank of Scotland, Shire
5th Aug 2015 11:41
(ShareCast News) - The Times' Tempus said investors should buy into Royal Bank of Scotland as its strong balance sheet should allow eventual returns. The debate over whether the government will get back the 502p per share it paid back in 2008 for Royal Bank of Scotland is pointless, Tempus said. Th
Read moreWednesday newspaper round-up: Official statistics, RBS sale, Shire
5th Aug 2015 08:27
(ShareCast News) - Sir Charlie Bean, former deputy governor of the Bank of England, will today put the nation's number crunchers on notice that the status quo is untenable, arguing that the internet revolution has rendered Britain's official statistics out of date. Speaking ahead of the launch of hi
Read moreLondon pre-open: equities likely to edge higher
5th Aug 2015 08:26
(ShareCast News) - City sources predict the FTSE 100 will open six points higher than Tuesday's close of 6,686.57. London Capital Group night dealer Jonathan Sudaria said European equities are set to edge a fraction higher on the open as the current environment isn't going swaying traders in any cle
Read moreLondon midday: FTSE 100 declines on surprise construction slowdown
4th Aug 2015 12:21
(ShareCast News) - The FTSE 100 continued its slide as investors weighed earnings, mixed news from Greece and a worse-than-expected report on the UK construction sector. The Markit/CIPS purchasing mangers' index on UK construction activity fell to 57.1 in July from 58.1 a month earlier, missing fore
Read moreGovernment divests 630m RBS shares, Osborne hails 'important step'
4th Aug 2015 08:16
(ShareCast News) - The UK government has sold 630m Royal Bank of Scotland shares for £2.08bn, HM Treasury confirmed on Tuesday. Giving details of the divestment, officials said the shares were sold to institutional investors at a 2.5% discount to Monday's closing price of 337.6p. In a statement, Ch
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