Panmure initiates coverage of challenger banks

16th Feb 2017 09:53

(ShareCast News) - Panmure Gordon initiated coverage on several challenger banks on Thursday, highlighting a preference for specialist lenders as they have avoided direct competition with large UK banks and offer high growth and returns at attractive valuations. The brokerage started Aldermore, OneS

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Shawbrook appoints Dylan Minto as CFO

7th Feb 2017 11:09

(ShareCast News) - Challenger bank Shawbrook Group has appointed Dylan Minto as chief financial officer and executive director with effect from 6 February. The specialist lending and savings bank said Minto's appointment follows an extensive market search for the best candidate following the departu

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RBC Capital ups Shawbrook to 'sector perform', lifts EPS estimates

21st Dec 2016 07:39

(ShareCast News) - RBC Capital Markets upgraded challenger bank Shawbrook to 'sector perform' from 'underperform' and lifted the price target to 280p from 210p as it upped its earnings forecasts. The bank noted the stock is off 26% this year versus the sector average off 2%. In addition, it pointed

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Liberum initiates coverage of challenger banks, prefers OneSavings

13th Dec 2016 10:09

(ShareCast News) - Liberum initiated coverage of five challenger banks with three 'buy' recommendations and two 'hold' stances. The brokerage started OneSavings Bank, Shawbrook and Aldermore at 'buy' with price targets of 395p, 290p and 245p, respectively. It said OneSavings is making regulatory ch

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Sector movers: Banks lead gains as strategists raise US yield forecasts

14th Nov 2016 14:40

(ShareCast News) - Shares in banks and life insurance outfits continued to pace gains as Treasury yields kept moving higher in the States on expectations for a fiscal spending boost under the new Administration, pulling interest rates across the globe up with them. For the most part, analysts app

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FTSE 250 movers: Greencore and banks gain while gold miners fall

14th Nov 2016 14:05

(ShareCast News) - The FTSE 250 index was in positive territory, just shy of 17,500, by the late afternoon on Monday. Irish food company Greencore led the risers, gaining on the back of jump in full-year revenue and earnings, a hike in its dividend and the proposed acquisition of Peacock Foods for a

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Director dealings: Shawbrook stand-in CFO likes what he sees

3rd Nov 2016 16:14

(ShareCast News) - Shawbrook Group's stand-in chief financial officer, Dylan Minto, snapped up shares in the challenger bank on Thursday after it posted a strong set of third quarter results. Minto, who was director of strategy before his temporary promotion, bought 15,000 shares at 237.74p and 5,00

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Shawbrook posts solid quarter with 'minimal' impact from Brexit

3rd Nov 2016 08:26

(ShareCast News) - Shawbrook Group issued its interim management statement for the nine months to 30 September on Thursday, reporting a stable net interest margin of 5.6%, with continued tailwinds expected from deposit book repricing following the Bank of England base rate cut in August 2016. The FT

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Banks' mortgage approvals rebound from low, BBA data shows

26th Oct 2016 09:12

(ShareCast News) - Mortgage approvals from high street banks rebounded slightly in September, according to data from high street banks, after hitting a 19-month low in August. The British Bankers' Association (BBA) revealed mortgage approval numbers in September of 38,252, which was up from 37,241 i

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Credit Suisse sees rising risks for challengers banks Aldermore, Shawbrook

25th Oct 2016 11:46

(ShareCast News) - OneSavings Bank received an upgrade but Aldermore and Shawbrook were downgraded by Credit Suisse as it warned the risks facing the UK's challenger banks were "becoming harder to ignore" heading into 2017. Following solid share price recoveries in recent months, the risk-reward for

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RBC ups targets on specialty lenders due to UK economic resilience

23rd Sep 2016 08:34

(ShareCast News) - Analysts at RBC revised their price targets for UK challenger banks higher as a result of the resilience shown thus far by the economy and the support provided by the Bank of England. The broker also revised its forecasts higher for Aldermore,Close Brothers and Shawbrook. "While

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FTSE 250 movers: eOne too pricey for ITV, smaller banks a bargain says Merrill

25th Aug 2016 14:47

(ShareCast News) - The FTSE fell along with much of the market on Thursday, with Entertainment One and Just Eat leading the way lower. Entertainment One, known as eOne and distributor of the 'David Brent: Life on the Road' film currently in cinemas, was sent skidding as ITV swerved a potential takeo

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Broker tips: Playtech, Aldermore, Shawbrook, Just Eat

25th Aug 2016 12:09

(ShareCast News) - Playtech shares gained on Thursday as Canaccord Genuity raised its target price to 1,125p from 902p and reiterated a 'buy' rating on the stock after the gambling software developer reported its first half results. In the six months to the end of June, revenues rose to €337.7m from

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Aldermore, Shawbrook boosted by BofA ML upgrade

25th Aug 2016 09:41

(ShareCast News) - Challenger banks Aldermore and Shawbrook got a boost on Thursday as Bank of America Merrill Lynch lifted its recommendations on the stocks to 'buy' from 'neutral'. BofA said the introduction of the Bank of England's term funding scheme (TFS) along with a reduction in the UK macroe

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Industrial metals and mining shares pace advance

8th Aug 2016 17:21

(ShareCast News) - Investors continued to shift out of the more defensive segments of the stockmarket and towards cyclical sectors in the wake of the previous session´s unexpectedly strong US jobs feport for July. Industrial Metals & Mining thus received a boost as steel futures climbed. Overnight,

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