Precious metals miners jump as Fed rate hike calls pushed back
6th May 2016 19:01
(ShareCast News) - Precious metals miners and engineers gained the most in the wake of a US jobs report for April that saw several of the world's largest brokers push back their forecasts for the timing of the US Federal Reserve's next interest rate hike in 2016 to September and the greenback weaken
Read moreSector movers: Banks, engineering stocks lead drop
29th Apr 2016 18:46
(ShareCast News) - Banks weighed on the Footsie at the end of the week as Royal Bank of Scotland flagged to investors the risk that the sale and separation of its Williams&Glyn retail and business bank could take at least another two years. That operation was one of the conditions set by regulators
Read moreCommodities: China places new curbs on steel-related futures
27th Apr 2016 16:36
(ShareCast News) - Commodities came under pressure following a decision by China´s regulators to curb speculative inflows into the country´s futures exchanges and the release of 'bearish' weekly oil inventory data Stateside. The Dalian Commodity Exchange announced it would hike transaction fees and
Read moreBroker tips: Tesco, Weir Group, StanChart
27th Apr 2016 15:34
(ShareCast News) - Shares in supermarket chain Tesco were under the cosh on Wednesday as JPMorgan Cazenove issued a downbeat note on the company and downgraded its estimates. Having analysed Tesco's profit and loss, cash and balance sheet trends, JPM concluded: "Tesco's ability to generate cash flow
Read moreWednesday broker round-up
27th Apr 2016 15:32
(ShareCast News) - BP: Barclays reiterates overweight with a 550p target, Credit Suisse keeps at underperform with a target of 330p, Cannacord stays at buy with a 420p target and Exane BNP Paribas reiterates neutral with a target of 350p. Cambian Group: Canaccord downgrades to hold with a 91p target
Read moreWednesday newspaper share tips: StanChart, BP
27th Apr 2016 12:30
(ShareCast News) - StanChart´s financials for the first quarter of 2016 suggest chief Bill Winters may have managed to staunch the bleeding, or at least that it´s not terminal, The Times´s Tempus said. In that light, the bank´s fourth quarter loss in 2015 may have been the standard 'kitchen-si
Read moreDeutsche Bank downgrades StanChart on challenging revenue outlook
27th Apr 2016 09:30
(ShareCast News) - Deutsche Bank downgraded Standard Chartered to 'sell' from 'hold' and cut the price target to 454p from 460p following the company's first-quarter results on Tuesday. It said the results beat its expectations thanks to a better cost, capital and impairment performance. Deutsche s
Read moreSector movers: Banks and homebuilders lead gains
26th Apr 2016 15:19
(ShareCast News) - Banks and real estate and property stocks rode to the top of the leaderboard on the heels of well-received quarterly earnings from StanChart and a perception that Brexit risks were fading, although analysts and market commentary were cautious on both counts. For the first quarter
Read moreFTSE 100 movers: Standard Chartered lifted while AstraZeneca sinks
26th Apr 2016 14:25
(ShareCast News) - The FTSE 100 was treading water on Tuesday afternoon, managing to keep itself in the black in contrast to its sibling index. Emerging markets-exposed bank Standard Chartered was among the top performers, as investors showed their approval of the bank's ongoing turnaround. It poste
Read moreStandard Chartered surges as first-quarter loan impairments fall
26th Apr 2016 09:18
(ShareCast News) - Standard Chartered posted a 59% drop in first-quarter profit amid depressed commodity prices, volatility in Chinese markets and weak emerging market sentiment, but investors welcomed signs the bank was beginning to turn things around as loan impairments dropped. In its interim man
Read moreFTSE 100 movers: Miners and banks slump but Imperial gains on upgrade
25th Apr 2016 14:05
(ShareCast News) - London's FTSE 100 index was down 0.8% to 6,260.09 in afternoon trading, with miners pacing the decline. Heavily-weighted mining stocks were the worst performers as metals prices slipped, with Anglo American, BHP Billiton, Rio Tinto and Glencore all firmly on the back foot. Standa
Read moreTuesday preview: Standard Chartered begins bank earnings week
25th Apr 2016 13:05
(ShareCast News) - Standard Chartered will kick off the UK banking industry's latest earnings season with its first quarter results on Tuesday. Deutsche Bank forecasts first quarter pre-tax profit of $29m on revenues of $3.7bn and costs of $2.5bn including a further loan impairment of $1.1bn. The b
Read moreBroker tips: Imperial Brands, StanChart, Acacia Mining
25th Apr 2016 12:57
(ShareCast News) - Imperial Brands, formerly known as Imperial Tobacco, was a high riser on Monday as Goldman Sachs upgraded the stock to 'buy' from 'neutral' following recent underperformance. It noted the shares are down 8% over the past month versus its European staples coverage and the broader m
Read moreCiti bumps up target price for StanChart
25th Apr 2016 10:27
(ShareCast News) - StanChart's first-half fee and trading income probably took a hit from market volatility while the deleveraging of its liquidation portfolio likely weighed on net interest margins, Citi said. The broker estimated the lender would report a pre-tax loss of -$533m for the first six m
Read moreUBS downgrades Standard Chartered to 'sell' on overoptimistic premium
21st Apr 2016 11:19
(ShareCast News) - UBS has downgraded Standard Chartered to 'sell' from 'neutral' after the emerging markets-focused bank recovered more than 40% from its February lows and stands at a hefty premium to many peers. "With many funds short or underweight at the start of the year, commodity prices regai
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