Broker tips: Standard Chartered, Balfour Beatty, Savills
17th Aug 2016 10:01
(ShareCast News) - Standard Chartered's rating was downgraded to 'hold' from 'buy' and its target price was left at 650p by HSBC on Wednesday. HSBC said Standard Chartered's share price has responded positively to the weaker pound against the dollar following Brexit as the company's revenues are dol
Read moreHSBC cuts Standard Chartered to 'hold' from 'buy'
17th Aug 2016 09:08
(ShareCast News) - Standard Chartered's rating was downgraded to 'hold' from 'buy' and its target price was left at 650p by HSBC on Wednesday. HSBC said Standard Chartered's share price has responded positively to the weaker pound against the dollar following Brexit as the company's revenues are dol
Read moreFriday newspaper share tips: RBS, StanChart, Aldermore
12th Aug 2016 16:48
(ShareCast News) - Groucho Marx's warning not to be fooled if a man looked and talked like an idiot (he really was one) may have rung in the ears of investors in lenders' so-called 'co-co' bonds during the first quarter, the Financial Times's Lex column mused. Just like the shares of their underlyin
Read moreThursday broker round-up
4th Aug 2016 11:59
(ShareCast News) - Next: Goldman Sachs reiterates sell with a target price of 4800p. Standard Chartered: JP Morgan maintains overweight with a 800p target. Shire: JP Morgan reiterates overweight with a 6300p target. Genus: HSBC stays at buy with a 2200p target. Nichols: UBS keeps at buy with a ta
Read moreStandard Chartered H1 profits slump; says outlook cautious on weak GDP
3rd Aug 2016 10:33
(ShareCast News) - First-half profits at Standard Chartered slumped to $893m from $2.1bn as income fell on the back of weaker growth in key markets and a group restructuring. Shareholders will not receive a dividend and the company warned that economies had slowed even further this year and the outl
Read moreWednesday preview: Standard Chartered reports first half interims
2nd Aug 2016 12:31
(ShareCast News) - Standard Chartered will be in the spotlight on Wednesday as the bank reports its first half results. The lender is expected to report a drop in pre-tax profit on lower revenues, higher loan losses and an increase in costs. Analysts expect pre-tax profit to come to $1bn, down from
Read moreIMF's Jose Vinals to succeed John Peace as StanChart chairman
27th Jul 2016 15:21
(ShareCast News) - Standard Chartered has appointed Jose Viñals - currently the financial counsellor and director of the Monetary and Capital Markets Department of the International Monetary Fund - as chairman designate. He will replace Sir John Peace as chairman when he steps down on 1 December. T
Read moreCapita bumps up forecast for 2016 dividends, mid-caps to take Brexit hit
18th Jul 2016 12:28
(ShareCast News) - The fall in sterling following Brexit would deliver an immediate boost to the value of companies' dividend payments but potential recessionary pressures would hit profits and dividends from UK-focused mid-caps hardest, Capita said in its second quarter 2016 Dividend Monitor. De
Read moreTravel&leisure stocks and financials lead gains
1st Jul 2016 14:43
(ShareCast News) - Travel stocks led the way higher at the end of the week as the Footsie advanced towards its largest weekly gain since December 2011, with stock in TUI at the top of the leaderboard but with shares in InterContinental Hotels Group and Carnival close behind as they recovered from fa
Read moreSocGen downgrades European banks, reviews ratings on UK banks after Brexit
27th Jun 2016 09:56
(ShareCast News) - Banks in London took another beating on Monday as investors mulled over the implications of the UK's decision to leave the European Union, with ratings downgrades across the board. Societe Generale was among those issuing downgrades. It cut its stance on Royal Bank of Scotland to
Read moreStandard Chartered on track to meet $1bn cost-cutting target
2nd Jun 2016 18:43
(ShareCast News) - Asia-facing bank Standard Chartered is on track to achieve its $1bn cost-cutting target, says its South Asia chief executive, Ajay Kanwal. Shares in Standard Chartered closed up 2.18% in London today. "As a bank we have made a commitment of cost reductions this year of $1bn. We a
Read moreTuesday broker round-up
24th May 2016 14:41
(ShareCast News) - Standard Chartered: Macquarie reiterates to outperform with a 440p target. Britvic: Goldman Sachs stays at buy with a 838p target. Premier Oil: JP Morgan keeps at neutral with a target price of 61p. RBS: Deutsche Bank reiterates hold with a target of 239p. BT: Macquarie reitera
Read moreFriday broker round-up
20th May 2016 14:32
(ShareCast News) - Exova Group: Goldman Sachs reiterates buy with a 195p target. Grainger: Jefferies retains buy with a 215p target. Thomas Cook: JP Morgan keeps at neutral with a 90p target and Goldman Sachs reiterates sell with a target price of 72p. Serco Group: JP Morgan reiterates neutral wit
Read moreStanChart slides as Jefferies cuts target price, lowers guidance
18th May 2016 10:23
(ShareCast News) - Standard Chartered's shares fell on Wednesday after Jefferies cut its target price to 330p from 400p and reiterated an 'underperform' rating on the Asia-focused bank. Jefferies said it has reduced its revenue expectations for 2016-2018 by 9.5% on "both idiosyncratic and macro indu
Read moreGrocers and miners lead gains
13th May 2016 20:22
(ShareCast News) - Miners and grocers led gains on the market as the selling pressure on two of the past week's worst performers eased a bit. Gains in the former were particularly noteworthy, coming as they did in the face of an across-the-board retreat in commodity prices, in part as the US dollar
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