Friday tips round-up: RBS, Hays
11th Apr 2014 07:20
Some analysts are wondering whether the agreement reached by RBS with the government so as to be able to resume dividends will actually bring forward the date of shareholder payments. The Times' Tempus is not so sure. In essence, the bank needs to rebuild its capital reserves - so as to receive regu
Read moreFriday newspaper round-up: RBS, Tesco, BP
11th Apr 2014 07:18
The Government could start selling down its stake in Royal Bank of Scotland this year, according to City analysts, after the taxpayer-backed lender agreed a deal with the Treasury that could lead to the return of dividend payments. The deal to scrap the Dividend Access Share (DAS), which barred shar
Read moreFCA ponders changes to bank overdrafts
10th Apr 2014 14:20
The Financial Conduct Authority (FCA) has proposed working with the competition regulator to ensure banks' overdraft mechanisms and fees are fairer. As overdraft fees generate a third of the revenue from personal account banking in Britain, the prospect of the financial watchdog imposing changes c
Read moreLondon midday: Stocks erase early gains, BoE holds rates
10th Apr 2014 11:50
- BoE holds rates, US jobless claims ahead - FOMC minutes reveal dovish stance - M&S erases gains after trading update - RBS pays to cancel dividend access share techMARK 2,733.65 +0.13% FTSE 100 6,640.82 +0.08% FTSE 250 16,217.66 +0.33% UK stocks mostly erased gains by Thursday lunchtime after th
Read moreRBS agrees with UK government to cancel dividend block
10th Apr 2014 10:14
Royal Bank of Scotland (RBS) has agreed with the UK government to cancel a deal that blocked dividend payments to private shareholders. The state-backed lender will pay £1.5bn to end the so-called dividend access share, in a step towards privatisation. RBS said the agreement paves the way for the
Read moreLondon open: Stocks rise strongly after Fed minutes
10th Apr 2014 08:32
- FOMC minutes reveal dovish stance - BoE, economic data in focus today - M&S, Hays and 888 gain after trading updates - RBS pays to cancel dividend access share techMARK 2,751.14 +0.77% FTSE 100 6,683.98 +0.73% FTSE 250 16,298.45 +0.83% UK stocks advanced on Thursday, following a strong performan
Read moreThursday newspaper round-up: RBS, Co-op, Annuities
10th Apr 2014 07:08
Royal Bank of Scotland secured a landmark deal with the European Union last night which paves the way for it to eventually begin repaying dividends to shareholders. Under the EU ruling, RBS will pay the UK government 320 million pounds in the next 45 days and the remaining 1.18 billion pounds over a
Read moreBarclays tops UK watchdog's complaints list
9th Apr 2014 12:32
Barclays Bank faced more controversy on Wednesday as it topped a watchdog's list of the UK's most-complained about banks, but gripes about financial service companies fell overall. Retail customers launched nearly 310,000 complaints against Barclays between July and December last year, the Financia
Read moreMetro Bank founder to launch online bank Atom
9th Apr 2014 12:22
Anthony Thomson, the founder and former Chairman of Metro Bank has unveiled plans to launch Atom, the first 'truly digital' retail and business bank. The new online bank, which is due to open in 2015, will offer both consumer and business banking. Thompson, who will take on the role of Chairman,
Read moreLondon midday: Stocks at two-week low as Sports Direct and grocers fall
8th Apr 2014 11:52
- FTSE 100 at lowest since March 24th - Ukraine tensions flare up - US stocks fall ahead of Q1 earnings season - Sports Direct sinks on Ashley share sale, grocers fall techMARK 2,697.79 -1.18% FTSE 100 6,559.14 -0.96% FTSE 250 16,015.95 -1.52% UK stocks fell one per cent by Tuesday lunchtime, tra
Read moreUK banks pay out 600m pounds for mis-selling, FCA says
8th Apr 2014 10:43
Britain's biggest banks have so far paid around 600m pounds for mis-selling interest rate hedging products, according to the UK's Financial Conduct Authority (FCA). The banks have set aside £4bn to compensate small firms. Banks including Barclays, HSBC, Royal Bank of Scotland and Lloyds Banking Gr
Read moreMonday newspaper round-up: IMF, Business investment, Consumer spending
7th Apr 2014 07:14
Almost one year ago the International Monetary Fund (IMF) urged the Chancellor George Osborne to abandon austerity and implement a so-called 'Plan B' to stimulate growth. However, as he prepares to head to the US this week, for the IMF's spring meetings, the Washington-based international lender is
Read moreSunday newspaper round-up: Insurance, Sports Direct, Tesco
6th Apr 2014 08:57
The Financial Conduct Authority ignored Bank of England warnings that it had created a false market in insurance shares for more than five hours, the Sunday Times writes. A newspaper report that the FCA planned a clampdown on insurance policies going back up to 30 years caused shares of Legal & Gene
Read moreBroker tips: RBS, M&S, easyJet, Imperial Tobacco
4th Apr 2014 12:58
Shore Capital has retained its neutral stance on the shares of Royal Bank of Scotland but said that the appointment of Ewen Stevenson as its new Head of Finance is 'positive news'. Analyst Gary Greenwood said: "We view this as positive news as it removes uncertainty around the position and should t
Read moreLondon midday: Markets in positive mood ahead of US jobs data
4th Apr 2014 11:33
- Expectations high for US non-farm payrolls - 200k increase expected in March, jobless rate seen lower - easyJet traffic grows, RBS appoints new CFO - Retailers fall, including Tesco and M&S techMARK 2,774.68 +0.14% FTSE 100 6,678.29 +0.44% FTSE 250 16,414.01 +0.40% UK stock markets were putting
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