Tuesday broker round-up
18th Oct 2016 12:36
(ShareCast News) - BT Group: Goldman Sachs keeps at buy with a target price of 560p. Bellway: Canaccord reiterates buy, 2350p target. Standard Life: Barclays keeps at underweight with a 301p target. Debenhams: HSBC maintains reduce with a 50p target. Smiths Group: UBS keeps at neutral with a 1510
Read moreCiti upgrades European banks to 'overweight'
6th Oct 2016 13:23
(ShareCast News) - It's been a turbulent couple of weeks for the banking sector as investors worried Deutsche Bank wouldn't be able to cough up its $14bn fine to the US Department of Justice, but Citigroup provided some cheer for the sector by upgrading European banks to 'overweight' from 'neutral'.
Read moreBank of England confirms two-layered bank stress tests for 2017
3rd Oct 2016 10:16
(ShareCast News) - The Bank of England will subject Barclays, HSBC, Lloyds, Nationwide, Royal Bank of Scotland, Santander and Standard Chartered to a two-part stress test in 2017. The BoE, which is still analysing the results of the 2016 stress tests before scheduled feedback to the banks next mo
Read moreStanChart facing scrutiny from DoJ over Indonesia, WSJ says
27th Sep 2016 11:19
(ShareCast News) - StanChart came under investigation from US authorities due to alleged misconduct on the part of management at the Indonesian power company controlled by the lender. According to the Wall Street Journal, an internal audit at Maxpower Group and a separate review conducted by a law f
Read moreStanChart may spin-out private equity unit, report says
16th Sep 2016 12:03
(ShareCast News) - StanChart may spin out its private equity unit to its managers as part of a broader move to reduce the risk profile of its business. Faced with stricter capital rules and losses the lender may exit Standard Chartered Private Equity, Bloomberg reported. Among the $5bn in assets ma
Read moreFTSE 100 movers: Rate fears weigh on banks
12th Sep 2016 15:28
(ShareCast News) - UK blue chips were mostly in the red on Monday as investors got in a tizzy as they feared various economic and political possibilities across the Atlantic at the end of last week, sending London-listed financial stocks lower in particular. With worries about the US Federal Reserv
Read moreSunday newspaper round-up: Inflation, MPC, Tesco, Rolls-Royce, Morrisons
11th Sep 2016 15:45
(ShareCast News) - At their meeting this week, the Bank of England's rate setters are expected to pause and take stock of the impact on the economy of its recent interest rate cut, while UK inflation is set to continue its modest rise figures are likely to show. While inflation is likely to be boost
Read moreSector movers: Big Oil, Banks weigh most
6th Sep 2016 13:36
(ShareCast News) - Industrial Metals & Mining topped the leaderboard thanks to an ongoing bounce in Evraz´s shares, although some brokers were skeptical regarding the chances for the global overhang in steel supply to be resolved any time soon. Commenting on the initiative put in place the day befor
Read moreBroker tips: Ultra Electronics, Wolseley, Standard Chartered
6th Sep 2016 10:59
(ShareCast News) - Ultra Electronics was left with a 'buy' rating but had its target price lowered to 2,000p from 2,100p by Berenberg on Tuesday. Berenberg raised the earnings per share forecast for fiscal years 2017 and 2018 by 2% to reflect the company's positive half year interims and an improvin
Read moreBarclays downgrades Standard Chartered on valuation
6th Sep 2016 09:42
(ShareCast News) - Barclays downgraded Standard Chartered to 'underweight' from 'equalweight' as it said the stock's valuation is overshooting its earnings power, but lifted the price target to 520p from 500p. Barclays said management actions have stabilised the business with revenues appearing to h
Read moreFTSE 100 movers: Miners dive as banks, insurers progress
31st Aug 2016 16:25
(ShareCast News) - Mining stocks were headed lower in an overall negative session on the FTSE 100, with gold and three-month industrial metals prices southbound as silver and copper eased ahead. Anglo American faded, having on Tuesday completed the sale of its Foxleigh mine interest, while both f
Read moreSector movers: Banks and insurers pace gains, Evraz and miners drag
30th Aug 2016 22:07
(ShareCast News) - Cyclicals drove gains on the FTSE indices as trading resumed after the Bank holiday, although it was food producers which did best, with an upgrade out of RBC giving shares in Associated British Foods a boost. The broker upgraded its recommendation on stock in the owner of Primark
Read moreFTSE 100 movers: house builders, miners sag as easyJet firms
19th Aug 2016 14:32
(ShareCast News) - London's FTSE 100 tiptoed lower as a string of house builders sagged amid lingering concerns about the UK real estate market, and several miners slumped alongside metals prices. House builders were led lower by Persimmon, Taylor Wimpey and Barratt Developments, investors exiting t
Read moreFriday broker round-up
19th Aug 2016 12:07
(ShareCast News) - GKN: Goldman Sachs reiterates neutral with a target price of 311p. Admiral group: Canaccord maintains hold with a 2100p target. Standard Chartered: UBS reiterates sell with a 600p target. Intertek: Berenberg reiterates hold with a 3600p target. Kaz Minerals: Credit Suisse keeps
Read moreWednesday broker round-up
17th Aug 2016 21:35
(ShareCast News) - Polypipe: Berenberg maintains buy with a 360p target. Vodafone: Jefferies reiterates buy with a 260p target. Standard Chartered: HSBC downgrades to hold with a 650p target. Prudential: Goldman Sachs keeps at buy with a target price of 1750p. WPP: Berenberg reiterates hold with
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