Broker tips: RBS, Thomas Cook, Polymetal
5th Aug 2013 11:12
'Many challenges' await Ross McEwan, the new Chief Executive Officer at Royal Bank of Scotland (RBS), according to analysts at Exane BNP Paribas who kept their 'neutral' rating for the stock following Friday's results. Exane said that the internal appointment of McEwan is "unlikely to raise confide
Read moreBroker snap: Exane BNP Paribas sees 'challenges' ahead for RBS
5th Aug 2013 09:59
'Many challenges' await Ross McEwan, the new Chief Executive Officer at Royal Bank of Scotland (RBS), according to analysts at Exane BNP Paribas who kept their 'neutral' rating for the stock following Friday's results. Exane said that the internal appointment of McEwan is "unlikely to raise confide
Read moreMonday broker round-up UPDATE
5th Aug 2013 07:06
Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N
Read moreMonday newspaper round-up: RBS, Co-op Bank, Lloyds
5th Aug 2013 06:41
The UK government is considering plans to invest a further 1.5bn pounds into Royal Bank of Scotland if a review it commissioned recommends the state-backed lender be split into a 'good bank' and 'bad bank', The Telegraph reported. The Co-operative Bank has left renewable energy developers in the l
Read moreLondon close: Disappointing US jobs report sparks late sell-off
2nd Aug 2013 16:27
After a relatively quiet start to the trading session, markets sunk sharply into the red on Friday afternoon after the US economy added far fewer jobs than forecast in July. Non-farm payrolls increased by just 162,000 last month, lower than the downwardly revised 188,000 increase in June and much w
Read moreFTSE 100 movers: William Hill and RBS disappoint with H1 figures
2nd Aug 2013 15:04
Shares in William Hill sank sharply on Friday morning as investors gave a cool reaction to the High Street bookie's first-half results, in which pre-tax profits came in flat year-on-year. The firm also didn't give an update on current trading, though analysts at Canaccord Genuity said that July will
Read moreLondon midday: Markets flat as nerves set in ahead of US jobs report
2nd Aug 2013 11:55
Markets were rangebound on Friday morning as investors scaled back risk appetite ahead of the all-important US jobs report due out this afternoon. Even a impressive reading of construction activity in the UK failed to give stocks a boost this morning; the UK construction purchasing managers' index
Read moreBroker tips: RBS, William Hill, CSR
2nd Aug 2013 11:14
Nomura has maintained its negative stance on part-nationalised lender Royal Bank of Scotland (RBS), saying it expects mid-single-digit downgrades to profit forecasts on the back of disappointing first-half numbers. The broker kept its 'reduce' rating and 270p target price for RBS. Nomura said: "Ove
Read moreBroker snap: RBS rated 'reduce' by Nomura after first-half miss
2nd Aug 2013 10:22
Nomura has maintained its negative stance on part-nationalised lender Royal Bank of Scotland (RBS), saying it expects mid-single-digit downgrades to profit forecasts on the back of disappointing first-half numbers. The broker kept its 'reduce' rating and 270p target price for RBS. The bank report
Read moreLondon open: Stocks flat as markets await US jobs, RBS sinks early on
2nd Aug 2013 08:24
Stocks opened tentatively on Friday morning with markets taking a pause as investors waited to see whether the ongoing improvement in US economic data would continue with the all-important employment report due out this afternoon. The momentum in the US economic recovery gathered pace this week wi
Read moreLondon pre-open: Markets in optimistic mood ahead of US jobs report
2nd Aug 2013 07:31
Markets are expected to open in positive territory on Friday morning as investors show optimism ahead of the all-important US jobs report due out later on. City sources predict the FTSE 100 will open up 24 points from yesterday's close of 6,682. Economic data from the States has continued to impr
Read moreRBS confirms new CEO as bank swings to profit in second quarter
2nd Aug 2013 07:10
Royal Bank of Scotland (RBS) has confirmed reports that Ross McEwan will take over as Chief Executive Officer (CEO) from Stephen Hester as the lender unveiled its first half results. McEwan, who joined the 81%-taxpayer-owned bank last year as head of the retail investment arm, had been widely expec
Read moreFriday preview: RBS reports second-quarter earnings
1st Aug 2013 14:05
Royal Bank of Scotland (RBS) will unveil its second-quarter earnings on Friday amid reports the state-backed lender will soon announce its new Chief Executive Officer (CEO). It is widely expected Ross McEwan, head of the bank's retail arm, will take the top job following Stephen Hester's shock depa
Read moreThursday newspaper round-up: RBS, Centrica, BP
1st Aug 2013 06:49
Royal Bank of Scotland (RBS) is expected to appoint Ross McEwan as its new Chief Executive as soon as Thursday, The Telegraph reported. McEwan, a New Zealander who heads the taxpayer-backed lender's retail operations in the UK, is considered the leading candidate to take over from Stephen Hester, wh
Read moreLondon midday: Markets celebrate fall in Eurozone unemployment
31st Jul 2013 12:03
A fall in unemployment in Europe and some well-received corporate earnings pushed the FTSE 100 into positive territory on Wednesday morning, as traders showed optimism ahead of a policy announcement by the Federal Reserve later this evening. Some 24,000 fewer people were without a job in the Eurozo
Read more