FTSE 100 movers: Miners keep index firmly in the red
24th Feb 2016 14:43
(ShareCast News) - The FTSE 100 was firmly in the red again on Wednesday, down 110.76 points (1.86%) to 5,851.55 by mid-afternoon. Miners plunged and led the fallers as metal prices fell as part of a wider commodities downturn. Glencore and Anglo American led the list of the index's biggest fallers,
Read moreBofA Merill downgrades StanChart after results
24th Feb 2016 09:31
(ShareCast News) - Standard Chartered was under pressure for the second day running as Bank of America Merrill Lynch downgraded stock to 'neutral' from 'buy' and slashed the price target to 475p from 650p following its 2015 results. Standard Chartered ended last year with a pre-tax loss of $1.5bn, i
Read moreFTSE 100 movers: GKN and StanChart keep market in red
23rd Feb 2016 14:13
(ShareCast News) - After a strong showing on Monday, the FTSE 100 was in the red mid-afternoon on Tuesday, down 31.34 points (0.52%) to 6,006.39. GKN led the fallers despite posting a steady set of results, reporting growth in sales and earnings across most of its operations. Sales at the firm incr
Read moreNo dividend as Standard Chartered reports billion pound loss
23rd Feb 2016 08:36
(ShareCast News) - Standard Chartered reported on a woeful year on Tuesday, with the company completely destroying 2014's $5.2bn profit before tax, with a $1.5bn loss. The FTSE 100 bank saw underlying profit before tax dive 84% during the year to $0.8bn (£0.57bn), with the board blaming 'challenging
Read moreFTSE 100 movers: Miners lead index back over 6000
22nd Feb 2016 14:16
(ShareCast News) - The FTSE 100 was back over 6,000 points on Monday, with the index up 106.09 points (1.78%) to 6,056.32. Miners led the market as commodity price were boosted following the recent rally in global equities. Anglo American was at the top of the list on reports that the company may s
Read moreTuesday preview: Market braces for batch of full year earnings results
22nd Feb 2016 12:57
(ShareCast News) - The market is bracing for a busy day of full year earnings releases from a slate of FTSE 350 companies on Tuesday. GKN is expected to report a drop in earnings per share to 26.4p in 2015 from 29.0p the previous year as weakness in its Aerospace and Land Systems businesses offsets
Read moreMonday newspaper round-up: Brexit, Mastercard, London rents, pensions
22nd Feb 2016 07:13
(ShareCast News) - The bosses of about half of Britain's 100 biggest companies are to sign a letter backing David Cameron in his fight to keep the country in the EU in the referendum in June that will shape the future of the UK. As Tory opposition to the prime minister's strategy mounted, Downing St
Read moreTuesday broker round-up
16th Feb 2016 17:53
(ShareCast News) - Mattioli Woods: Canaccord upgrades to buy,640p target and N+1 Singer upgrades to buy with a target of 630p. Connect Group: Shore Capital upgrades to buy. Servelec: invetec reiterates buy with a target of 400p and N+1 Singer keeps at buy, 360p target. Acacia Mining: JP Morgan sta
Read moreBroker tips: Spectris, Anglo American, StanChart
16th Feb 2016 13:41
(ShareCast News) - Investec has placed its rating and price target on Spectris under review after the company reported its full year earnings. The electrical engineering group said statutory full year pre-tax profit fell 17% to £171.1m, although sales rose 3% to £1.19bn at constant exchange rates.
Read moreMorgan Stanley stays at underweight on StanChart
16th Feb 2016 09:08
(ShareCast News) - The outlook for asset quality at Asian banks has deteriorated since StanChart's strategic review was carried out because of slowing economies and lower commodity and property prices, analysts at Morgan Stanley said on Tuesday. As a result, the broker's analysts upped their estimat
Read moreStanChart slumps on Investec downgrade
16th Feb 2016 08:35
(ShareCast News) - Standard Chartered was under the cosh after Investec downgraded the stock to 'hold' from 'buy' in light of the very recent share price performance. It noted the stock has rallied 17.2% in just two days, to within 2% of the brokerage's unchanged 460p price target, having hit a fres
Read moreBroker tips: Tullow Oil, BT Group, StanChart
12th Feb 2016 16:34
(ShareCast News) - Tullow Oil has been downgraded from 'outperform' to 'neutral' by Exane BNP Paribas, as it signalled the challenges for the oil exploration and production sector are "worse than we thought". "A weakening demand environment, US shale's continued resilience and conventional supply gr
Read moreInvestec upgrades StanChart on weak year-to-date performance
12th Feb 2016 14:33
(ShareCast News) - Investec upgraded Standard Chartered to 'buy' from 'hold', with the stock trading at a fresh 21st century low of 387p. The brokerage said it was little surprise StanChart has been almost the worst performing UK bank year-to-date, given the way 2016 has played out so far. Investec
Read moreFTSE 100 movers: Rolls-Royce leads index higher
12th Feb 2016 14:09
(ShareCast News) - The FTSE 100 was set to end the week having reduced some of its losses, with the index up 108.93 points (1.97%) to 5,645.90. Rolls-Royce Holdings led the charge as it cut its final and next interim dividend by 50% and dismissed the need for a rights issue. Lifting the mood, full
Read moreFTSE 100 movers: Banking shares drive index down
11th Feb 2016 14:37
(ShareCast News) - The FTSE 100 resumed its slide on Thursday, with the blue-chip index dropping 80.51 points (1.42%) to 5,591.79 points by mid-afternoon. Banking shares were under pressure, with Barclays and Standard Chartered among the top fallers, after Societe Generale's profit warning added to
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