Sunday newspaper round-up: Vodafone, National Grid, bank legal claims
24th May 2015 16:21
Several of Vodafone's major shareholders have urged the telecoms giant to pursue a merger with US-based Virgin Media owner Liberty Global and offload some of its overseas businesses. After Liberty's owner, US billionaire John Malone, dropped heavy hints about a potential deal, the Sunday Telegraph r
Read moreStart-up British banks seeing better returns than larger rivals, says KPMG
22nd May 2015 13:35
New 'challenger' banks are outperforming the 'Big Five' high street banks, and the larger lenders need to examine better ways of standing out in the market, according to a report by KPMG. The reported said that new banks in the UK are securing stellar returns, as they pick up "the whitespace left be
Read moreFriday newspaper round-up: RBS, Bank of Japan, Tesco
22nd May 2015 06:47
RBS is to ask shareholders to approve the cost of producing any documents and fees associated with the process of the government selling down its 79% stake, according to The Guardian. The yen strengthened overnight after the Bank of Japan maintained monetary policy and hinted that there is no rush t
Read moreLondon close: Vodafone, banks lead markets higher but Greek concerns weigh
20th May 2015 16:59
Decent gains from blue chips Vodafone, Barclays and RBS gave UK stock markets a lift on Wednesday, with the Footsie settling above the 7,000 level for the first time in seven sessions. The FTSE 100 finished 12.16 points higher (+0.17%) at 7,007.26, a level it has not closed above since 11 May. Howe
Read moreBarclays and RBS among banks fined $5.6bn for forex rigging
20th May 2015 15:01
Five global banks including the UK's Barclays and Royal Bank of Scotland have agreed to pay over $5bn in combined fines and will plead guilty to criminal charges over the rigging of foreign exchange markets. After a long-standing US probe into whether traders at the institutions conspired to fix for
Read moreMonday broker round-up
18th May 2015 12:53
Lloyds: Investec downgrades to sell with 84p target. RBS: Investec reiterates buy with a 395p target price and Berenberg sell with a 250p target. Babcock International: Deutsche Bank reiterates buy and 1,150p target. Marks&Spencer: Deutsche Bank reiterates buy. Coca Cola HBC: Nomura reiterates re
Read moreThursday broker round-up
14th May 2015 14:30
ITV: Numis downgrades to add but nudges target to 290p from 275p, Investec reiterates hold and Credit Suisse reiterates outperform. SAB Miller: Credit Suisse reiterates underperform stance, Nomura reiterates neutral recommendation and Deutsche reiterates its call to hold. GlaxoSmithKline: UBS downg
Read moreBroker tips: RBS, ITV, TUI
14th May 2015 11:02
Royal Bank of Scotland "remains on the right strategic track" despite its recent underperformance against the sector, according to analysts at JPMorgan Cazenove. The US broker said that a sell-down of the government's stake in RBS and the resolution of ongoing litigation charges will be "key milest
Read moreRBS on the right track, but still rated 'neutral' by JPMorgan
14th May 2015 10:34
Royal Bank of Scotland "remains on the right strategic track" despite its recent underperformance against the sector, according to analysts at JPMorgan Cazenove. The US broker said that a sell-down of the government's stake in RBS and the resolution of ongoing litigation charges will be "key milesto
Read moreTuesday newspaper round-up: Greek bond yields, Lloyds, Shell
12th May 2015 06:40
Greek borrowing costs shot up on Monday despite Athens making a €750m debt payment to the IMF, reports The Times. The yield on a Greek two-year bond yield jumped 83 basis points to 21.34% with some still concerned that the nation will default. Advisory firm Pirc has told Lloyds shareholders to vote
Read moreMonday broker round-up
11th May 2015 15:36
RBS: Credit Suisse reiterates underperform and 320p target. GlaxoSmithKline: Deutsche reiterates hold and lowers target to 1,540p from 1,600p. HSBC: Exane BNP reiterates underperform and 600p target. Lloyds: Credit Suisse reiterates neutral and 72p target. Sage Group: Goldman Sachs reiterates neu
Read moreDoJ declined to prosecute Citigroup on LIBOR rigging
11th May 2015 14:07
The Department of Justice (DoJ) declined to prosecute on charges that it tried to rig the London Interbank Offered Rate (LIBOR), Citigroup said in a quarterly filing with the US stock market regulator, the SEC. Shares in the lender were lower by 0.30% to trade at $53.86 as of 14:06 London time, befo
Read moreSunday share tips: UK banks, MXC Capital
10th May 2015 16:02
Investors who piled into bank shares after the election results became known may have jumped the gun. True, the risk of a less disciplined approach to economic management by Labour has been eliminated. Continued economic recovery should loan losses continue to fall. Likewise, the risk of a costly ex
Read moreLondon midday: Stocks power ahead as market cheers surprise Tory election win
8th May 2015 11:23
London stocks posted healthy gains on Friday as investors welcomed news that Prime Minister David Cameron's Conservative party is on track for a second term in power. The FTSE 100 was up 1.7% at 7,004.23 by midday, with banks, utility stocks and housebuilders pacing the advance. Lloyds Banking Grou
Read moreLondon close: FTSE hits one-month low as HSBC leads late sell-off
5th May 2015 16:47
Underwhelming results from banking heavyweight HSBC offset a late rally in the mining sector on Tuesday, with UK stock markets dropping into the red by the close. The FTSE 100, which rose to a high of 7,053.18 early on, finished down 58.37 points (-0.84%) at 6,927.58. This was the index's lowest clo
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