London close: FTSE falls on dollar dip, ex-divs and tendency to gold safety
16th Feb 2017 17:00
(ShareCast News) - London equities limped to a lower close Thursday, pulled down by a trinity of factors including dollar weakness, a tendency to safe-haven gold and ex-dividend stocks. These combined to see the FTSE 100 down 0.34% to 7,277.92, and the FTSE 250 down -0.65%% to 18,705.72. Both ladder
Read moreThursday broker round-up
16th Feb 2017 09:15
(ShareCast News) - QinetiQ: Canaccord downgrades to Hold with a target price of 285p. RBS: Deutsche Bank reiterates Underperform with a target price of 210p. Aldermore Group: Deutsche Bank reiterates Neutral with a target price of 210p. Smiths: Goldman Sachs reiterates Buy with a target price of 1
Read moreSector movers: Lenders' shares pace gains amid Fed chatter
15th Feb 2017 17:49
(ShareCast News) - Banks paced gains in the market on Wednesday amid a bevy of relatively confident Fed speak. "The best performing sector has been banks and financials which are leading the gainers on the back of yesterday's hawkish interpretation of Fed Chief Janet Yellen's comments to the Senate
Read moreLondon close: Blue chips, mid caps end higher as miners rally with copper prices
13th Feb 2017 17:17
(ShareCast News) - UK blue chips and mid caps chimed Monday's close on a positive note, with the latter at yet another record high, as mining-related stocks surged alongside the price of the industrial-favourite copper. Prices for the 'red metal' pushed higher at the start of the week on expectatio
Read moreRBS plans further job cuts as major cost cutting needed
13th Feb 2017 07:16
(ShareCast News) - Royal Bank of Scotland shares jumped on Monday morning on the back of weekend reports that it was axe around 15,000 jobs. While it has denied these claims, RBS is still expected to announce a significant new round of cost cutting alongside a ninth consecutive annual loss next week
Read moreSunday newspaper round-up: Inflation, RBS, Brexit defeat, BAE Systems
12th Feb 2017 15:06
(ShareCast News) - Higher food and fuel prices drove inflation to a three-year zenith of 2% in January, up from 1.6% in December, with more increases coming as the year progresses. Figures from the Office for National Statistics are expected to confirm the jump in inflation this week, the Sunday Tel
Read moreWednesday broker round-up
8th Feb 2017 11:50
(ShareCast News) - RBS: Deutsche Bank upgrades to hold with a target price of 220p. DCC: JP Morgan reiterates overweight, 8160p target. Rolls Royce: JP Morgan reiterates neutral with a 740p target. Ascential: Deutsche Bank stays at buy with a 300p target. Aberdeen Asset Management: RBC upgrades t
Read moreHSBC raises targets on Barclays and RBS, upgrades Lloyds
6th Feb 2017 12:55
(ShareCast News) - It remained to be seen whether the UK had successfully navigated the Brexit storm or if the calm before the storm had lasted longer than initially foreseen, but in any case the implications for UK banks now looked "very different" than they did last summer, HSBC said. To back up t
Read moreMonday broker round-up
6th Feb 2017 12:34
(ShareCast News) - Rio Tinto: Macquarie reiterates outperform with a target price of 4300p. Barclays: HSBC reiterates buy, 260p target. Restaurant Group: UBS reiterates neutral with a 310p target. Beazley: JP Morgan reiterates overweight with a 460p target. Inchcape: Deutsche Bank reiterates buy
Read moreSunday newspaper round-up: US recession, Housing policy, RBS
5th Feb 2017 16:37
(ShareCast News) - Donald Trump's economic honeymoon could come to an end as soon as next year, senior City fund managers have forecast, with the US at risk of plunging into recession. Nine years on from the start of the financial crisis, the US recovery may be overheating, Legal & General Investmen
Read moreTrump to water down Dodd-Frank regulations to lift 'burden' on banks
3rd Feb 2017 11:20
(ShareCast News) - Donald Trump is making tracks on his promise to cut business regulation, as reports suggest he is to sign an executive order on Friday which strips back the Dodd-Frank regulatory framework put in place following the 2008 financial crisis. In an interview with the Wall Street Journ
Read moreRBS confirms £6.7bn provision for likely penalty from US regulators
26th Jan 2017 07:15
(ShareCast News) - Royal Bank of Scotland has confirmed it will take a further £3.1bn provisions to pay off a looming penalty in the US for its sale of residential mortgage-backed securities in the run up to the financial crisis. RBS said on Thursday that it has set aside a total of £6.7bn, which wo
Read moreWednesday newspaper round-up: ATMs, corruption, RBS
25th Jan 2017 07:20
(ShareCast News) - Last-ditch proposals to overhaul the way the Link cash machine network operates have been tabled in a bid to avert charges for bank customers withdrawing money at thousands of ATMs. A number of ideas have been put forward in an effort to head off a breakup of the 70,000-strong net
Read moreTuesday broker round-up
24th Jan 2017 16:16
(ShareCast News) - SSE: Macquarie reiterates outperform with a target price of 1735p. Easyjet: Numis reiterates hold, 1050p target. William Hill: UBS downgrades to sell with a 240p target. Standard Life: UBS downgrades to sell with a 310p target. Beazley: JP Morgan reiterates overweight with a 46
Read moreFTSE 100 movers: Paddy Power and banks lead London losers
23rd Jan 2017 15:00
(ShareCast News) - The FTSE 100 was down over 0.8% by late afternoon on Monday, with stocks swaying lower as sterling rose to a one-month high ahead of the Supreme Court's decision on triggering Article 50 for Brexit. Leading the fallers was bookmaker Paddy Power Betfair as it revealed a £40m hit fr
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