RBS in talks to sell IP&ED business
18th Nov 2013 14:11
Royal Bank of Scotland has confirmed it is in talks to sell its retail investor products and equity derivatives business (IP&ED) in an effort to streamline its investment bank. The 81% state-backed lender is reportedly in negotiations with France's biggest bank BNP Paribas, sources told Reuters. BN
Read moreLondon midday: Aberdeen, financials lead markets higher
18th Nov 2013 11:34
- Aberdeen rockets after acquisition of SWIP, results - Petrofac plummets after cautious guidance - FOMC minutes and China reforms in focus techMARK 2,647.58 -0.06% FTSE 100 6,721.15 +0.41% FTSE 250 15,272.88 +0.17% After a subdued start, UK markets pushed into positive territory by Monday lunchti
Read moreFriday broker round-up UPDATE
15th Nov 2013 07:38
Amlin: Berenberg raises target price from 398p to 434p, but still recommends selling. Barclays cuts target price from 481p to 453p and retains an overweight rating. Antofagasta: Numis raises target price from 750p to 850p and reiterates a hold recommendation. AstraZeneca: Liberum Capital upgrades
Read moreBroker tips: RBS, Tesco, Perform
14th Nov 2013 12:29
Investec has upgraded its rating for UK domestic banking group RBS from 'sell' to 'hold', but maintained its cautious view on the stock. Analyst Ian Gordon said that the RBS "disaster story" has been running since 2007, yet he still sees little hope of a meaningful near-term recovery for shareholde
Read moreBroker snap: Investec upgrades RBS but stays cautious
14th Nov 2013 09:51
Investec has upgraded its rating for UK domestic banking group RBS from 'sell' to 'hold', but maintained its cautious view on the stock. Analyst Ian Gordon said that the RBS "disaster story" has been running since 2007, yet he still sees little hope of a meaningful near-term recovery for shareholde
Read moreThursday broker round-up UPDATE
14th Nov 2013 09:21
Afren: Goldman Sachs moves target price from 260p to 270p and retains its strong buy recommendation. APR Energy: Citi raises target price from 1250p to 1350p reiterating a buy recommendation. Atkins: Investec places both its target price (prev.: 1025p) and its reduce rating under review. Babcock
Read moreFTSE 100 movers: Sainsbury rises on strong first half
13th Nov 2013 15:14
Supermarket giant Sainsbury rose after boasting of its largest market share for a decade in the first half, helped by fast growth from its own-brand food and an even faster growth of non-food. Utility stocks have put in a good performance today after sentiment was dampened by the Bank of England's
Read moreWednesday newspaper round-up: World trade Center, RBS, IAG
13th Nov 2013 07:02
The first new skyscraper at New York's World Trade Center is set to open on Wednesday with a high level of vacancies more than 12 years after the September 11th terrorist attacks. The 72-storey Four World Trade Center, built by private developer Larry Silverstein and designed by Japanese architect F
Read moreLondon close: Markets finish flat after range-bound session
12th Nov 2013 16:19
- Markets rangebound ahead of Inflation Report - UK CPI falls to 13-month low - Taper speculation ramps up after comments from Fed officials techMARK 2,647.80 +0.27% FTSE 100 6,726.79 -0.02% FTSE 250 15,369.08 -0.33% Markets finished more or less flat on Tuesday afternoon after a fairly subdued se
Read moreFTSE 100 movers: Financials and miners stuck in reverse
12th Nov 2013 14:45
Financials were sitting firmly in the red this afternoon after a sharp fall in UK inflation failed to prompt much in the way if a reaction from investors. Aberdeen Asset Management and RBS were two of the biggest fallers, with the latter also being pressured lower by a downgrade by Goldman Sachs f
Read moreCapital issues at RBS need to be addressed, says UKFI
12th Nov 2013 14:02
It is too early to tell when shares of Royal Bank of Scotland held by the government can be sold, according to the head of the UK Financial Investments (UKFI). James Leigh-Pemberton, who is set to become the UKFI's Chairman in January, said that the bank should address issues over its capital and f
Read moreBroker tips: RBS, Vodafone, GlaxoSmithKline
12th Nov 2013 12:56
Analysts at Goldman Sachs have a positive view on the strategy outlined by Royal Bank of Scotland alongside its third-quarter results. However, the group's new target for common Tier-1 equity, of over 12% versus over 10% before, means that there is now reduced upside potential in RBS shares, "towar
Read moreLondon midday: Financials, miners drag markets lower
12th Nov 2013 11:42
- UK CPI falls to 13-month low - Dovish comments from ECB members - RBS taken off 'buy' list at Goldman techMARK 2,643.61 +0.11% FTSE 100 6,714.21 -0.21% FTSE 250 15,378.49 -0.27% Investors on Tuesday gave little reaction to a sharp fall in UK inflation as heavy falls in the banking and financial
Read moreBroker snap: Goldman downgrades RBS to 'neutral'
12th Nov 2013 10:46
Analysts at Goldman Sachs have a positive view on the strategy outlined by Royal Bank of Scotland alongside its third quarter results. However, the group's new target for common Tier-1 equity, of over 12% versus over 10% before, means that there is now reduced upside potential in RBS shares, "towar
Read moreTuesday broker round-up UPDATE
12th Nov 2013 09:20
Accesso: Canaccord Genuity raises target price from 680p to 770p and keeps a buy recommendation. Andor Technology: FinnCap places both its target price (prev.: 390p) and its hold recommendation under review. Babcock International: Jefferies increases target price from 1250p to 1600p retaining a bu
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