Shawbrook income and profit rise in first half
27th Jul 2016 09:50
(ShareCast News) - Shawbrook Group posted interim results for the six months to 30 June on Wednesday, with net operating income improving to £99.3m, compared with £77.1m a year ago. The FTSE 250 firm said that of that, interest income, net fee and operating lease income was £140.1m - up from £107.5m
Read moreTuesday newspaper share tips: Challenger banks, Rolls Royce
12th Jul 2016 11:30
(ShareCast News) - The share price drops in Britain´s challenger banks following the Brexit referendum looked overdone, the Financial Times´s Lex column argued. Over the two weeks after the vote shares in Aldermore, OneSavings, Shawbrook and Paragon gave back between 12% and 40% of their market capi
Read moreFTSE 250 movers: house builders in focus as mid caps sour
4th Jul 2016 18:25
(ShareCast News) - FTSE 250 stocks ended on a sour note with residential property-linked stocks figuring prominently among the fallers as UK construction data disappointed. Clarkson led to the downside as it warned full-year 2016 profits would be "materially lower" on the year due to lower freight r
Read moreFTSE 250 movers: Broader rebound outweighs ongoing housing rout
30th Jun 2016 15:29
(ShareCast News) - The FTSE 250 continued to rally on Thursday alongside its blue chip sibling as a broad-based rebound across sectors outweighed continued softness for housing-related stocks after the Brexit vote. Half an hour before the close, the FTSE 250 was up 0.65% to 16,106.31. Some of t
Read moreLife insurers, oil stocks boost indices
29th Jun 2016 18:40
(ShareCast News) - Life insurers jumped on Wednesday on the heels of positive broker comment and supportive remarks from some ex-officials regarding the fall-out, or not, for the sector as a result of Brexit. Prudential´s shares rallied after Barclays reiterated an 'overweight' rating and target pri
Read moreBroker tips: Ocado, Prudential, Shawbrook
29th Jun 2016 13:12
(ShareCast News) - Shares in Ocado gave up much of Tuesday's gains as further downgrades were made to forecasts for the current year by Barclays and Exane BNP Paribas. Following an analysts meeting on the day when the online grocery facilitator's mixed interim results generated a positive share pric
Read moreShawbrook bounces back with help from Credit Suisse note
29th Jun 2016 09:59
(ShareCast News) - Shawbrook shares surged back 23% higher on Wednesday morning, helped by comments from Credit Suisse that the reaction to the UK's vote to leave the European Union which had seen the challenger bank lose over half of its value in the three days was "overdone". Britain's exit from t
Read moreShawbrook unearths 'irregularities' in asset finance lending
28th Jun 2016 07:42
(ShareCast News) - Challenger bank Shawbrook Group, having seen its shares fall by a precipitous 45% of their value in two days following the Brexit vote is facing a third day's losses after revealing it will take a £9m impairment charge after finding "irregularities" in loans made by its asset fina
Read moreMortgage lending resilient in May but likely to fall post referendum - CML
27th Jun 2016 10:37
(ShareCast News) - Mortgage lending remained resilient in May as banks and building societies lent more than in April and than in May last year. Gross mortgage lending swelled to £18.2bn in May, the Council of Mortgage Lenders estimated, up 3.6% from the preceding month and 13.6% higher than this ti
Read moreFTSE 250 movers: Go Ahead hits buffers; N Brown update in fashion
16th Jun 2016 13:04
(ShareCast News) - Go-Ahead shares were going nowhere on Thursday after commuters on Britain's largest railway franchise were lumped with the promise of more misery this week, as conductors on the Southern arm of Govia Thameslink Railway announced a strike, set down for next Tuesday. The railway fra
Read moreTuesday newspaper share tips: OneSavings Bank and Wolseley
7th Jun 2016 15:48
(ShareCast News) - Business is booming for OneSavings Bank, which has just clocked up a £35m profit after selling a £250m securitisation of pre-crisis mortgages, writes the Financial Times' Lex column. The buy-to-let lender intended to use the dosh to originate more mortgages, and its loan books hav
Read moreFTSE 250 movers: Easing Brexit fears lift Redrow and Countrywide
23rd May 2016 14:14
(ShareCast News) - The FTSE 250 was not far off its three-month high on Monday afternoon, up 0.71% at 17,042.61 as a buoyant handful of challenger banks and property-related stocks outweighed those hit by the oil price retreat. The Treasury weighed into the Brexit debate, aiming to convince Britain
Read moreBanks to limit overdraft charges as CMA demands only small changes
17th May 2016 07:06
(ShareCast News) - Banks will be forced to limit overdraft charges and introduce a new standard technology to enable consumers to more easily switch between providers, among several measures proposed by the competition watchdog to improve competition in retail banking. Concluding its investigation i
Read moreShawbrook hikes profits and sets out confident loan targets
5th May 2016 08:31
(ShareCast News) - Shawbrook Group grew profits 29% in the first quarter and, despite a small squeeze on net interest margins (NIM) from higher property lending in the period, stated its confidence in hitting full year targets. The challenger bank said its business pipelines remained healthy, even a
Read moreSector movers: Antofagasta crushed after company abandons dividend
15th Mar 2016 16:56
(ShareCast News) - Miners came under renewed selling pressure as iron ore futures continued to come off the boil and ahead of the US central bank's policy meeting the next day, with the Bank of Japan's decision overnight to keep its policy settings unchanged - instead of delivering further stimulus
Read more