Miners and banks pace gains
20th Apr 2016 16:00
(ShareCast News) - Miners led on the upside throughout much of the session as some brokers weighed in with relatively upbeat assessments of the current market backdrop for the sector and industrial metals prices' continued their push higher. On Wednesday, it was Anglo American's turn at the top of t
Read moreIn EMs JP Morgan prefers stocks that play on consumer theme
18th Apr 2016 14:54
(ShareCast News) - Emerging markets equities continued to be under-owned by JP Morgan's reckoning, despite the lowest valuation on offer since 2003 and the smallest growth differential between developing and advanced economies since 2001. In the broker's judgement, those two factors argued against "
Read moreMonday newspaper round-up: Brexit, tax avoidance, Boots, StanChart
18th Apr 2016 07:23
(ShareCast News) - Leaving the EU would cost households £4,300 a year making them "permanently poorer", chancellor George Osborne will say on Monday when the government publishes its long-term assessment of the economic costs of Brexit. Saying that British people should be "builders, not wreckers",
Read moreSector movers: Basic resource, bank stocks surge
13th Apr 2016 19:58
(ShareCast News) - A surge in basic resources and bank shares gave equity benchmarks around the world a leg up on Wednesday, following data out of the People's Republic of China which showed exports rising at their fastest pace in over a year. The DJ Stoxx 600 gauge of basic resource sector shares l
Read moreStanChart looking to sell billions of pounds-worth of assets, report says
11th Apr 2016 08:16
(ShareCast News) - StanChart was looking to hive-off $4.4bn (£3.1bn) in Asian assets, as the lender looked to shrink its balance sheet after being left reeling by record impairment charges. People familiar with the matter told Bloomberg the Asia-focused lender was "speaking" with potential buyers fo
Read moreWednesday broker round-up
30th Mar 2016 14:53
(ShareCast News) - Inmarsat: Berenberg upgrades to hold with a target price of 890p. Next: Investec downgrades to sell, 5250p target, Jefferies reiterates hold with a target price of 5100p, JP Morgan stays at neutral with a target of 6370p and HSBC keeps at hold, 6260p target. Glaxosmithkline: Citi
Read moreFTSE 100 movers: Retail sales, oil prices drag on index
24th Mar 2016 15:24
(ShareCast News) - The FTSE 100 was trading down on Thursday afternoon as investors ended the week early for Good Friday, with poor UK retail sales and falling oil prices dragging the benchmark down. Kingfisher Group was among the top risers, after its stock had its 'buy' rating reaffirmed by equiti
Read moreStanChart shares plummet on read-across after ANZ warning
24th Mar 2016 15:17
(ShareCast News) - StanChart shares fell steeply in afternoon trading on Thursday, with market commentary referencing bearish guidance overnight from its rival Down Under for its commodities-related provisions, Australia&New Zealand Banking Corp. and a drop in oil prices. "While the overall credit e
Read moreJP Morgan prefers StanChart to HSBC
21st Mar 2016 12:45
(ShareCast News) - Shares in StanChart were offering close twice the value of those in HSBC, JP Morgan said, leading it to recommend them to clients over those in rival HSBC. Ongoing pressure on revenues from global markets and Asian wealth management might create downside risk for the sector, b
Read moreNomura downgrades StanChart, HSBC, Barclays
18th Mar 2016 12:12
(ShareCast News) - China's economy was set to slow more sharply than most analysts were expecting, leading to a further devaluation of the country's currency, the yuan, which in turn would weigh on the broader emerging market currency space and business for the likes of HSBC and StanChart, Nomura sa
Read moreBroker tips: Barclays, LSE, Standard Chartered
7th Mar 2016 13:53
(ShareCast News) - Deutsche Bank downgraded Barclays to 'hold' from 'buy' and cut its price target to 180p from 255p, saying the stock was more now more of an investment case for 2017-18 rather than 2016. It said that Barclays' strategic update, whilst necessary to strengthen the capital position an
Read moreMoody's downgrades StanChart's long-term debt ratings
7th Mar 2016 10:41
(ShareCast News) - Moody's downgraded its rating on Standard Chartered's long-term debt on expectations the lenders' profitability would remain weak over the next two years and the more "challenging environment" in some of the markets in which it operates. The ratings agency said: "the group is impl
Read moreS&P places StanChart´s credit ratings under review with negative implications
26th Feb 2016 15:02
(ShareCast News) - Standard&Poor´s placed its outlook on Standard Chartered´s long-term credit rating under review for a possible one-notch downgrade on Friday, due to the heightened uncertainty around the lender´s competitive position, its ability to manage risks and recover its profitability over
Read moreGoldman Sachs lowers target on StanChart, reiterates buy
26th Feb 2016 13:34
(ShareCast News) - Analysts at Goldman Sachs lowered their target price on shares of StanChart due to their concerns that revenue growth would be slower-than-expected. However, the broker pointed to a "stable" trend for impairments and "solid" capital position as "key" positives. Impairments came i
Read moreWednesday broker round-up
24th Feb 2016 15:28
(ShareCast News) - Standard Chartered: UBS reiterates neutral with a target price of 510p, JP Morgan stays at overweight, 725p target and Morgan Stanley keeps at underweight with a target price of 370p. Home Retail Group: Canaccord upgrades hold with a target price of 175p. Capital & Countries Prop
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