Broker tips: RBS, GlaxoSmithKline, Bookmakers
20th Mar 2014 12:17
Investec has raised its rating for UK banking group Royal Bank of Scotland from 'sell' to 'hold' following the recent slump in its share price, but continues to recommend investors to avoid the stock. With the stock now trading at just 0.8 times tangible net asset value (tNAV), compared with a then
Read moreInvestec upgrades RBS to 'hold', but still prefers Barclays
20th Mar 2014 10:26
Investec has raised its rating for UK banking group Royal Bank of Scotland from 'sell' to 'hold' following the recent slump in its share price, but continues to recommend investors to avoid the stock. Analyst Ian Gordon pointed out that the shares again corrected sharply and have now fallen 17% ove
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreLondon open: Stocks drop after hawkish comments from Yellen
20th Mar 2014 08:21
- Yellen says rate hike could come six months after QE ends - Fed continues to taper by 10bn dollars a month - Next impresses with full-year results techMARK 2,804.74 -0.50% FTSE 100 6,546.18 -0.41% FTSE 250 16,267.89 -0.43% UK stocks fell on Thursday morning, following a sell-off on US and Asian
Read moreWednesday broker round-up UPDATE
19th Mar 2014 09:00
Afren: Canaccord Genuity lowers target price from 185p to 180p and stays with its buy recommendation. Antofagasta: Westhouse Securities reduces target price from 1060p to 985p staying with its buy recommendation. Credit Suisse downgrades from neutral to underperform with a target price of 750p. JP
Read moreTuesday broker round-up UPDATE
18th Mar 2014 08:58
Antofagasta: Investec places its target price (prev.: 753p) under review, while leaving its sell recommendation unchanged. Ashtead Group: Credit Suisse raises target price from 1000p to 1100p and stays with its outperform rating. UBS increases target price from 875p to 1020p retaining its buy recom
Read moreTuesday newspaper round-up: Barclays, China, Budget
18th Mar 2014 07:20
Criticism of Barclays and other investment banks risks leaving both Britain and Continental Europe dependent on their US peers, Robert Talbut, Chief Investment officer at Royal London Asset Management and Chairman of the Association of British Insurers' investment committee has said. In what amounts
Read moreRBS in talks with government to resume dividends
17th Mar 2014 09:20
Royal Bank of Scotland (RBS) is in advanced talks with the UK government to resume paying dividends, according to the Financial Times. The lender, which is 81%-state owned after being bailed by the government in 2008, has postponed its annual general meeting until the end of June due to the negotia
Read moreSunday newspaper round-up: Tesco, Jimmy Choo, BHP Billiton
16th Mar 2014 17:50
Tesco is under pressure from investors to use "shock and awe" tactics to win the coming price war between supermarkets, the Sunday Times said. The call for aggressive action follows WM Morrison's announcement last week that it would spend £1bn over three years to attract customers back from Aldi and
Read moreLondon midday: Stocks extend losses ahead of Crimea referendum
14th Mar 2014 11:38
- Ukraine tensions rise ahead of Crimea vote - Analysts cut forecasts for China - Banking stocks mixed - US lifts ban on BP GoM contracts techMARK 2,765.64 -0.76% FTSE 100 6,529.08 -0.38% FTSE 250 16,062.45 -0.76% The FTSE 100 was registering losses for the sixth consecutive session as investors s
Read moreMoody's downgrades RBS on fears of higher costs
14th Mar 2014 09:10
Rating agency Moody's has downgraded UK state-backed Royal Bank of Scotland (RBS), saying financial shocks or unforeseen cost hikes could scupper its huge turnaround plan. Moody's said it was reducing RBS' supported long-term debt and deposit ratings to Baa1 from A3, with a negative outlook. The a
Read moreLondon open: Stocks down for sixth day on Ukraine, China fears
14th Mar 2014 08:32
- Ukraine crisis steps up a gear - Analysts cut forecasts for China - US lifts ban on BP GoM contracts - Financials gain, miners fall techMARK 2,757.98 -1.04% FTSE 100 6,525.28 -0.43% FTSE 250 16,032.04 -0.95% UK stocks were suffering losses again on Friday, falling for the sixth straight day, as
Read moreFriday newspaper round-up: BP, Daisy Group, RBS
14th Mar 2014 07:22
Oil giant BP has reached an agreement with the US environmental Protection Agency (EPA) over the firm's 'blacklisting' following the 2010 Gulf of Mexico oil spill. The firm had argued that it lost out on billions of dollars' worth of contracts while at the same time being prevented from new explorat
Read moreUK banks to boost profits in 2014 but face more charges, says S&P
13th Mar 2014 16:56
The UK's biggest banks are set to increase their profits this year, but financial hits from reforms linked to past scandals are likely to keep coming, according to a rating agency. Barclays, HSBC, Lloyds Banking Group and the Royal Bank of Scotland are set to focus on improving returns and putting
Read moreLondon close: Stocks hit by Ukraine concerns, G4S sinks
12th Mar 2014 17:00
- FTSE closes down 64.62 points at 6,620.90 - Banks, G4S drag, copper price boosts miners - Minimum wage increased by 19p techMARK 2,817.28 -1.20% FTSE 100 6,620.90 -0.97% FTSE 250 16,326.70 -0.94% The City ended on a downbeat note today, as banks and G4S dragged, multiple big names went ex-divide
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