Tuesday broker round-up UPDATE
9th Jul 2013 07:53
Adept Telecom: Northland Capital revises target price from 108p to 115p and maintains a buy recommendation. AG Barr: Panmure Gordon raises target price from 500p to 600p and retains a hold recommendation. Aquarius Platinum: Westhouse Securities shifts target price from 35p to 40p upgrading from se
Read moreTuesday newspaper round-up: Royal Mail, housing data, Alcoa
9th Jul 2013 06:53
Business Sectretary Vince Cable will announce on Wednesday that the public will be able to buy shares in Royal Mail in the biggest state privatisation for over two decades, The Telegraph reported. New data on the housing market on Tuesday will add evidence that the economy is turning a corner, with
Read moreLondon close: Economists wax optimistic on UK
8th Jul 2013 17:08
Stocks registered a solid gain on Monday on the back of an advance in the banking sector. That came on the heels of what some economists termed a solid jobs report last Friday Stateside and upwards revisions to growth forecasts for the UK. Leading gains were shares of Royal Bank of Scotland, as Ch
Read moreFTSE 100 movers: Banking stocks rise as Osborne backs new proposals
8th Jul 2013 13:35
Banks rallied on Monday, with Royal Bank of Scotland leading the race, as Chancellor George Osborne vowed to introduce strict new proposals to shake up the banking sector. Osborne said he would back the recommendations from Britain's Parliamentary Commission on Banking Standards, including rules tha
Read moreLloyds stake to receive bid from group led by Mervyn Davies
8th Jul 2013 11:38
Former Standard Chartered Chairman Mervyn Davies plans to form a consortium of investors to bid for part of the UK government's 39 per cent stake in Lloyds Banking Group, according to reports on Monday. Davies has approached Standard Life and sovereign wealth funds about assembling a group to make
Read moreMonday newspaper round-up: Co-op , BP, EU-US free trade
8th Jul 2013 06:28
Former Audit Committee Chairman of Britannia Building Society, Bridget Rosewell, has raised questions about The Co-operative Bank, as the mystery over its sudden 1.5bn pound black hole worsens, The Times reported. BP will on Monday attempt to block what it describes as "inflated" compensation payme
Read moreLondon close: BoE and ECB relieve market angst
4th Jul 2013 17:36
As might have been expected, in their first meeting with Mark Carney at the helm the Monetary Policy Committee [MPC] managed to surprise markets by introducing a first taste of the much-vaunted forward policy guidance. Although analysts' reactions seem to be somewhat mixed, with some seeing hints o
Read moreSector movers: RBS leads banks higher as markets surge
4th Jul 2013 14:51
Every sector in London was trading in positive territory on Thursday as dovish comments by central banks in the UK and Europe sparked a market-wide surge with the FTSE 100 up around three per cent by late afternoon. The Bank of England and European Central Bank both dampened expectations of potenti
Read moreFTSE 100 movers: RBS, easyJet, Randgold
4th Jul 2013 13:32
Royal Bank of Scotland (RBS) gained following news its rivals were considering bids for its retail products and equity derivatives business. BNP Paribas, Commerzbank and Societe Generale are mulling over bids for some or all of the business, Bloomberg reported, citing people with knowledge of the ma
Read moreLondon midday: Stocks rise as BoE holds fire, markets eye ECB
4th Jul 2013 11:28
The FTSE 100 issued decent gains on Thursday morning, taking advantage of expected low volumes on the back of the Independence Day holiday in the States, with all eyes on central banks in the UK and Europe in the absence of any major economic data today. As expected, the Bank of England (BoE) stood
Read moreBroker tips: Lloyds, ASOS, Dunelm
4th Jul 2013 10:49
An improving picture of the housing market should start to rub off on UK banks, according to Nomura, which is viewing the the sector with 'guarded optimism'. Nomura has upgraded its rating for Lloyds from 'reduce' to 'neutral', saying that the company is now its top pick in the domestic UK banking
Read moreBroker snap: Nomura upgrades Lloyds on housing recovery
4th Jul 2013 09:49
An improving picture of the housing market should start to rub off on UK banks, according to Nomura, which is viewing the the sector with 'guarded optimism'. In a research report released on July 3rd, the broker said that UK house prices are 10% too low and could rise by 15% by the end of 2015 (up
Read moreRBS rises after equity derivatives arm draws bid interest - UPDATE
4th Jul 2013 08:56
Royal Bank of Scotland's shares rose on Thursday after it emerged that rivals were considering bids for its structured retail products and equity derivatives business. The bank has received expressions of interest from "a large number of parties", a person familiar with the sale said. BNP Paribas,
Read moreLondon open: Stocks rise as eyes turn to BoE, ECB
4th Jul 2013 08:25
The FTSE 100 rebounded strongly on Thursday morning after a sell-off the day before, as traders took advantage of thin volumes with markets in the States shut for Independence Day. The Bank of England (BoE) and European Central Bank (ECB) policy decisions will be in focus today with little economic
Read moreRBS kicks off independent review of lending practices
3rd Jul 2013 09:04
Royal Bank of Scotland (RBS) has hired former Bank of England deputy governor Sir Andrew Large and management consultancy Oliver Wyman to review its lending practices to small and medium enterprises (SME). The 81% state-owned lender said it has found £20bn that can be lent to small firms, the BBC
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