Sunday newspaper round-up: Nationwide, Direct Line, Rolls-Royce
17th Mar 2024 22:57
(Sharecast News) - Nationwide's bid to create the UK's second-largest savings and loans group by taking over Virgin Money may be derailed if its members get a say on whether the deal goes through or not. It would take just 500 Nationwide members depositing £50 each one to convene a special meeting and ask for a vote on the deal. Furthermore, preparations for a vote would keep Nationwide from meeting the 4 April deadline for making a binding offer under Takeover Panel rules. However, the society says that its existing legal advice is that no vote is required. - Financial Mail on Sunday
Read moreLondon close: Stocks rise amid raft of solid earnings
22nd Feb 2024 16:26
(Sharecast News) - London's stock markets finished in positive territory on Thursday, bolstered by upbeat performances from US AI chipmaker Nvidia and engine manufacturer Rolls-Royce.
Read moreRolls-Royce full-year profits more than double
22nd Feb 2024 07:33
(Sharecast News) - Rolls-Royce reported a more than doubling of its full-year profits on Thursday, underpinned by its civil aerospace segment.
Read moreLondon close: Stocks manage gains on globally quiet day
19th Feb 2024 15:59
(Sharecast News) - London's financial markets finished in positive territory on Monday, with stocks closing in the green after overcoming minor losses earlier in the session.
Read moreBerenberg stays at 'sell' on Rolls Royce due to medium-term risks
25th Jan 2024 13:19
(Sharecast News) - Analysts at Berenberg kept their recommendation for shares of engineer Rolls Royce at 'sell' following its analysis of current positioning in the company's shares among long-only and hedge fund investors.
Read moreLondon close: Stocks slip as focus shifts to US earnings
23rd Jan 2024 17:46
(Sharecast News) - London's stock markets experienced a downturn on Tuesday, despite the release of favourable UK borrowing figures as investors turned their focus to earnings from prominent US companies on Wall Street.
Read moreLondon close: Stocks finish lower as wage growth eases
16th Jan 2024 16:17
(Sharecast News) - London's stock markets finished in the red on Tuesday, as investors assessed the latest UK jobs data.
Read moreBerenberg lowers Rolls-Royce to 'sell'
16th Jan 2024 09:02
(Sharecast News) - Analysts at Berenberg lowered aerospace and defence giant Rolls-Royce to 'sell' from 'hold' on Tuesday, citing an unfavourable risk/reward scenario, but marked up their target price on the stock from 100.0p to 240.0p.
Read moreLondon close: Stocks make small gains in wake of rate decisions
18th Dec 2023 15:35
(Sharecast News) - London stocks closed with minimal changes on Monday, following a week marked by significant central bank decisions.
Read moreLondon close: Stocks mixed ahead of central bank meetings
11th Dec 2023 15:38
(Sharecast News) - London's stock markets closed with mixed results on Monday as miners faced pressure following disappointing Chinese economic data.
Read moreCiti lifts Rolls-Royce price target after CMD
11th Dec 2023 08:46
(Sharecast News) - Citi lifted its price target on Rolls-Royce on Monday to 431p from 294p as it increased its forecasts after the engine maker's capital markets day.
Read moreLondon close: Stocks finish weaker as commodities drag
4th Dec 2023 15:46
(Sharecast News) - London's equity markets closed lower on Monday as investors kept a watchful eye on upcoming US jobs data, while gold prices surged to record highs.
Read moreJP Morgan upgrades Rolls-Royce to 'overweight'
4th Dec 2023 07:55
(Sharecast News) - JP Morgan has upgraded its rating for aerospace engineer Rolls-Royce from 'neutral' to 'overweight' and hiked its target price for the stock from 235p to 400p.
Read moreLondon close: Stocks slip after mountain of broker notes
28th Nov 2023 15:30
(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.
Read moreRolls-Royce takes wraps off mid-term financial targets
28th Nov 2023 07:48
(Sharecast News) - Rolls-Royce unveiled its mid-term financial targets on Tuesday, aimed at ushering in a significant transformation in its performance.
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