London close: FTSE gains on financials as US consumer inflation surprises
15th Feb 2017 17:15
(ShareCast News) - London stocks ended Wednesday higher as investors considered news that UK's jobless rate held steady at end-2016, with forecast-busting US inflation numbers helping boost global markets led north by financials. The FTSE 100 ended the session up 0.47% or 33.85 points at 7,302.41, s
Read moreFriday broker round-up
3rd Feb 2017 09:56
(ShareCast News) - Northgate: Barclays reiterates Neutral with a target price of 600p. Royal Dutch Shell A: Barclays reiterates Overweight with a target price of 2800p Royal Dutch Shell B: Barclays reiterates Overweight with a target price of 2800p. A.G BARR: Berenberg reiterates Hold with a targe
Read moreGoldman Sachs hikes target price for Standard Chartered
2nd Feb 2017 10:59
(ShareCast News) - Goldman Sachs said it saw 28% potential return from buying Standard Chartered shares as it the most levered to rising US rates and is likely to restart paying a dividend soon. Reiterating its 'buy' rating, Goldman hiked its price target to 1,000p on the shares from the prior 890p,
Read moreThursday broker round-up
2nd Feb 2017 09:07
(ShareCast News) - Hostelworld Group: Berenberg upgrades to Hold from Sell with a target price of 210p. Bellway: Citi reiterates Neutral with a target price of 2540p. Ferrexpo: Deutsche Bank reiterates Buy with a target price of 230p. Zoopla Property Group: Deutsche Bank reiterates Hold with a tar
Read moreStandard Chartered hires FCA's Tracey McDermott
30th Jan 2017 14:14
(ShareCast News) - Standard Chartered has appointed the former acting chief executive of the Financial Conduct Authority, Tracey McDermott CBE, as group head of Corporate, Public and Regulatory Affairs, with effect from 20 March. Based in London, she will report into chief executive Bill Winters and
Read moreStanChart surges on BofA Merrill Lynch upgrade
17th Jan 2017 08:35
(ShareCast News) - Standard Chartered got a boost on Tuesday as Bank of America Merrill Lynch upgraded the stock to 'buy' from 'neutral' and lifted the price target to 900p from 735p, saying the bank was progressing towards reasonable returns. Merill upped its 2018 pre-tax profit forecast by 18% to
Read moreSector movers: Banks lead gains as Gilt yields resume rise
3rd Jan 2017 15:02
(ShareCast News) - Banks spearheaded gains as government bond yields jumped back following the declines seen at the end of 2016 amid stronger-than-expected readings on economic activity and prices on both sides of the Atlantic. As of 1543 GMT the yield on the benchmark 10-year Gilt was up 11 basis p
Read moreRBS fails stress tests, Barclays and StanChart stumble over hurdles
30th Nov 2016 07:33
(ShareCast News) - Royal Bank of Scotland has been forced to submit plans to improve its capital position after failing the Bank of England's annual stress tests, while rivals Barclays and Standard Chartered stumbled over some hurdles but not badly enough to require raising new funds. Despite these
Read moreCredit Suisse sees big Barclays rerating, neutral on Lloyds and HSBC
29th Nov 2016 10:02
(ShareCast News) - Credit Suisse initiated coverage on a number of UK banks on Tuesday, as it noted the regulatory agenda is heating up, starting with the stress test results on Wednesday, for which it reckons banks are "reasonably well placed". It started Barclays at 'outperform' with a 260p price
Read moreStandard Chartered to axe one in ten corporate banking staff - report
28th Nov 2016 09:36
(ShareCast News) - Standard Chartered was reported to be planning to cut 10% of its corporate and institutional banking staff, according to reports on Monday. The Asia-focused bank job cuts will begin the measures this week as it looks to slash costs, Reuters reported. Standard Chartered swung to a
Read moreTuesday broker round-up
15th Nov 2016 12:30
(ShareCast News) - Dairy Crest: Jefferies downgrades to underperform with a target price of 500p. Royal Dutch Shell: HSBC reiterates buy with a 2360p target. Polymetal: Jefferies stays at underperform with a 700p target. Tesco: Credit Suisse reiterates underperform with a 130p target. Paddy Power
Read moreEmerging market-focused stocks battered
11th Nov 2016 16:45
(ShareCast News) - Financials with exposure to emerging markets, such as StanChart, Aberdeen Asset Management and Ashmore Group were near the bottom of the pile, amid worries of capital outflows from emerging markets as US interest rates climbed higher, in part on the prospect for increased fiscal s
Read moreStandard Chartered slumps as Q3 profit misses expectations
1st Nov 2016 08:47
(ShareCast News) - Asia-focused Standard Chartered slumped after the bank swung to a third-quarter profit, but the numbers missed analysts' expectations. In the quarter ended 30 September, underlying pre-tax profit came in at $458m from a $139m loss in the same period a year ago, but this was below
Read moreTuesday broker round-up
25th Oct 2016 10:10
(ShareCast News) - Segro: Barclays keeps at overweight with a target price of 520p. Howden Joinery: Berenberg downgrades to hold, 450p target. Standard Chartered: Deutsche Bank reiterates sell with a 574p target. Cobham: UBS reiterates neutral with a 160p target. Cobham: Barclays reiterates equal
Read moreSector movers: Retailers rise to the top
18th Oct 2016 16:17
(ShareCast News) - Retailers led gains in the market, with Tesco and Sainsbury leading the pack north on the heels of the latest sector survey results. During the last three months the former notched up its first market share gain in five years, with sales by 1.3% and market share by 0.1 percentage
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