Thursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreWednesday newspaper round-up: Oil prices, RBS, Lloyds
4th Jun 2014 07:50
The world needs to invest more than 48trn dollars by 2035 to meet global energy demand and prevent oil prices spiralling out of control, according to the International Energy Agency. The IEA, which represents some of the world's largest energy consuming countries, said that current investment to sec
Read moreTuesday broker round-up UPDATE
3rd Jun 2014 08:31
Anglo American: Goldman Sachs reduces target price from 1240p to 1180p and keeps its sell recommendation. Balfour Beatty: UBS shifts target price from 225p to 230p maintaining its neutral rating. Barr (AG): N+1 Singer moves target price from 667p to 678p retaining its hold recommendation. Beazley
Read moreFTSE 100 movers: Royal Mail slides on broker rating cut
28th May 2014 14:58
Cantor Fitzgerald reiterated its 'sell' rating on Royal Mail, and cut its target price from 500p to 480p, pushing the stock into the bottom spot. Engineering group Weir fell after announcing it has dropped its pursuit to merge with Metso after continued rejections from the board of the Finnish riva
Read moreLondon midday: Stocks rangebound as investors turn cautious
28th May 2014 11:38
- Eurozone data comes in mixed, German unemployment weak - Markets cautious after recent highs - RBS, LSE lead financials high - GSK to be investigated by UK fraud body techMARK 2,788.03 +0.06% FTSE 100 6,849.21 +0.06% FTSE 250 15,890.88 +0.30% UK stocks were trading in a narrow range on Wednesday
Read moreLondon open: UK markets flat as Glaxo falls
28th May 2014 08:37
- European stocks retreat from six-year highs - Economic data in focus - GSK to be investigated by UK fraud body - Weir drops pursuit of Metso techMARK 2,784.94 -0.05% FTSE 100 6,838.75 -0.09% FTSE 250 15,885.65 +0.26% UK equities opened more or less flat on Wednesday as markets showed caution aft
Read moreRBS to cut hundreds of jobs at US mortgage business
28th May 2014 08:09
Royal Bank of Scotland (RBS) is set to push through job cuts at its US mortgage business as the lender trims costs to avoid regulatory pressure from the Federal Reserve. The UK-based bank will slash about 300 jobs over the next two years in order to meet the Fed's new rules which require higher cap
Read moreSunday newspaper round-up: Intercontinental Hotels, George Osborne, AstraZeneca
25th May 2014 09:42
Intercontinental Hotels has turned down a 6bn pounds takeover approach from an unnamed investment fund, the Sunday Times reported. The approach is said to have been made in the last three weeks but the board thought it was too low to consider. City sources think the group could now be a target for a
Read moreRBS to raise 2.2bn dollars with 10-year bond offering
22nd May 2014 12:15
The Royal Bank of Scotland (RBS) has announced plans to raise 2.2bn dollars by way of an offering of 10-year bonds. The subordinated tier two notes, which mature in May 2024, will pay interest at a 5.125% rate. The proceeds will be used for general working capital. Shares fell 0.15% to 330p by
Read moreRSA sells Canadian insurance broker as part of shake-up
20th May 2014 07:21
RSA is selling its majority-owned Canadian insurance broker Noraxis Capital Corporation for 500m Canadian dollars as part of the British insurer's turnaround drive. RSA is selling its stake in Noraxis, which was founded by RSA Canada in 1999 and supplies commercial, personal and employee benefit se
Read moreLondon midday: China slowdown fears hit stocks, AstraZeneca sinks
19th May 2014 11:26
- AstraZeneca drops after rejecting 'final proposal' from Pfizer - Chinese housing concerns weigh on sentiment - Carney comments, Ukraine elections in focus techMARK 2,710.83 -1.26% FTSE 100 6,827.22 -0.42% FTSE 250 15,427.14 +0.19% UK stocks were firmly in the red on Monday as investors kicked of
Read moreCredit Suisse ups RBS target price but keeps 'underperform' rating
19th May 2014 09:09
Credit Suisse has lifted its target price for Royal Bank of Scotland (RBS) but has maintained an 'underperform' rating on the stock. The Swiss bank has raised its forecasts for underlying earnings per share from 11p to 14p for this year and from 15p to 17p for 2015, after lowering its estimates for
Read moreMonday broker round-up UPDATE
19th May 2014 07:55
Alent: Numis moves target price from 330p to 340p upgrading to add. AVEVA Group: Westhouse Securities initiates with a target price of 2260p and a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 1039p to 1042p and stays with its buy recommendation. Brown (N) Group: J
Read moreRBS Citizens to launch IPO
13th May 2014 10:05
The US subsidiary of Royal Bank of Scotland (RBS), Citizens Financial Group, has officially announced its intention to sell shares. In what RBS Chief Executive Ross McEwan called a "milestone" for the group, Citizens will either carry out an initial public offering (IPO) or be sold. The move come
Read moreTuesday newspaper round-up: Ukraine, RBS, AstraZeneca
13th May 2014 06:18
Separatist leaders in Ukraine's volatile Donetsk region formally asked to become part of Russia on Monday, going beyond the simple independence question raised in a referendum and advancing the threat of Ukraine's break-up. The declaration bore some resemblance to the referendum and annexation scena
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