Thursday newspaper round-up: RBS, GSK, Barclays, BP
25th Sep 2014 07:08
Sir Philip Hampton, the chairman of Royal Bank of Scotland (RBS) is to quit his role at in charge of the bank and take on the same role at pharmaceutical company GlaxoSmithKline (GSK), The Guardian reported on Thursday. Confirming rumours reported here on Wednesday, Hampton will succeed Sir Christop
Read moreShares of Citizens' Financial rise 2% on first morning of trading
24th Sep 2014 15:23
Shares in Citizens Financial moved higher in early trading on Wednesday, after the regional bank's initial public offer (IPO) by parent RBS had hitherto received a lukewarm reception. Under their new ticker symbol "CFG", the shares hit $22.25 in choppy early trading before retreating to around $22 b
Read moreWednesday broker round-up UPDATE
24th Sep 2014 09:15
Aggreko: Morgan Stanley ups target price from 1350p to 1375p, while leaving its underweight rating unaltered. Alliance Pharma: Canaccord Genuity lowers target price from 35p to 33p reiterating its hold recommendation. Close Brothers Group: UBS moves target price from 1420p to 1430p and keeps a neut
Read moreRBS announces pricing of Citizens float
24th Sep 2014 07:16
Royal Bank of Scotland has announced the pricing of the $3.4bn flotation of its US arm Citizens Financial Group. RBS said it planned to sell a quarter of the shares in Citizens at $21.50 per share and a further 3.75% in an over-allotment option, raising up to $3.46bn more. The offer comprises 140m
Read moreLondon midday: Stocks drop as US Treasury acts to block tax inversion deals
23rd Sep 2014 12:38
UK stocks were firmly lower come midday, tracking overnight losses on Wall Street, with investors apparently reacting the US Treasury's move last night to make corporate tax inversions more difficult. Acting as a backdrop, traders were monitoring the first coalition airstrikes against Islamic State
Read moreRBS floats Citizens Financial in New York
23rd Sep 2014 09:37
Royal Bank of Scotland (RBS) is poised to raise around £2bn as it floats shares of its US-based Citizens Financial Group subsidiary in New York at between $23 and $25 per share on Tuesday. After completing a two-week investor roadshow, RBS is expected to price an initial public offering (IPO) of 25%
Read moreMonday newspaper round-up: Phones 4u, Alibaba, Lloyds, Royal Bank of Scotland
22nd Sep 2014 07:09
Mobile operator EE is set to takeover about 60 shops from the stricken retailer Phones 4u, in a move that will save hundreds of jobs, The Guardian reports. Phones 4u entered administration last week, after EE cancelled its contract with the phone retailer just a few months after Vodafone had made a
Read moreLondon close: FTSE ends with modest gains after Scottish vote, Salmond quits
19th Sep 2014 16:44
London-listed stocks ended the final session of the week with decent gains, although the final figure was notably lower than the level seen earlier in the day following the Scottish referendum result. Some 55.3% of Scots voted 'no' to independence from the UK while 44.7% voted 'yes', erasing concern
Read moreFTSE 100 movers: RBS rises strongly after referendum result
19th Sep 2014 16:03
Royal Bank of Scotland made strong gains following the announcement of the referendum on Scottish independence. SSE, Standard Life and Lloyds were all higher for the same reason. SABMiller was higher after Nomura upgraded the brewing group from 'reduce' to 'neutral' and raised its target for the sh
Read moreLondon midday: UK stocks near two-week high as Scots vote against independence
19th Sep 2014 11:18
UK stocks advanced on Friday, poised to finish at their highest levels in two weeks, after the Scottish people voted in favour of the Union in a crucial independence referendum. Some 55.3% of Scots voted 'no' to independence from the UK while 44.7% voted 'yes', erasing concerns about a break-up whic
Read moreLondon open: UK stocks rise as Scots vote 'no' to independence
19th Sep 2014 08:22
UK stocks staged a relief rally on Friday morning in the aftermath of the Scottish referendum, which saw people north of the border vote convincingly to remain part of the Union. Some 55.3% of Scots voted 'no' to independence from the UK while 44.7% voted 'yes', erasing concerns about a break-up whi
Read moreFTSE 100 movers: TUI rises after broker upgrade
18th Sep 2014 16:07
TUI Travel was a strong performer on Thursday thanks to an upgrade from Morgan Stanley to 'overweight' following its merger with TUI AG. Scotland-based businesses such as RBS, Lloyds, Standard Life and Aberdeen Asset Management were among the best performers as investors readied themselves for th
Read moreOil, Life Insurance and Banking would pay steepest price for independence, Liberum says
18th Sep 2014 12:54
In a research note published on Thursday afternoon Liberum explains to clients that in the event of Scotland voting in favour of independence then the worst affected sectors would be: Oil, Life Insurance and Banking. The analysts base their call on what happened following the mini-scare of 8 Septemb
Read moreLondon midday: Scottish stocks lead gains ahead of crucial referendum
18th Sep 2014 11:43
After a slow start, London stocks advanced on Thursday with the FTSE 100 bouncing off its lowest levels in nearly a month, as companies based north of the border advanced with the focus firmly on the Scottish referendum. The benchmark Footsie index was trading 0.4% higher at 6,811 by noon. Three str
Read moreScotland's independence from UK would be a painful divorce, says Cameron
15th Sep 2014 17:49
Prime Minister David Cameron on Monday called Scotland’s potential separation from the UK a “painful divorce”. Ahead of a referendum for independence on Thursday, Cameron urged Scots to vote to remain in the UK. "If Scotland votes yes, the UK will split, and we will go our separat
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