Standard Chartered poaches HSBC veteran
17th Dec 2015 13:58
(ShareCast News) - Standard Chartered announced on Thursday that it has hired HSBC veteran Simon Cooper to head up its corporate and institutional banking division. Cooper, who is chief executive of HSBC's commercial banking division, is due to join StanChart in April following regulatory approval.
Read moreFTSE 100 movers: New Standard Chartered executive bolsters share price
17th Dec 2015 13:55
(ShareCast News) - The FTSE 100 was buoyed by yesterday's Fed rate hike, climbing 47.79 points (0.79%) to 6,108.98 by mid-afternoon Thursday. Standard Chartered's share price was bolstered after news around lunchtime that it has hired HSBC veteran Simon Cooper to head up its corporate and institutio
Read moreStanChart reportedly culls energy M&A team
15th Dec 2015 11:44
(ShareCast News) - Standard Chartered threw in the towel after eight years of trying to build a global team focused on mergers and acquisitions in the energy space, Reuters reported citing unnamed sources. The Asia-focused lender culled at least half a dozen oil and gas advisory roles in recent week
Read moreStandard Chartered raises £3.3bn through rights issue
11th Dec 2015 09:52
(ShareCast News) - Standard Chartered has raised £3.3bn through a rights issue of new stock to boost its balance sheet amid a slowdown in China's economy, the Asia-focused bank revealed on Friday. The issue, launched in November, was supported by some of the lender's largest shareholders including S
Read moreAll seven UK banks pass BoE stress tests
1st Dec 2015 07:06
(ShareCast News) - All seven of Britain's largest banks have passed stress tests by the Bank of England, with Governor Mark Carney assuring that no new wave of higher capital requirements was incoming. Investors took confidence from Carney's affirmation that banks would need to hold Tier 1 equity of
Read moreStanChart boss stumps up £1m for shares
13th Nov 2015 13:08
(ShareCast News) - Standard Chartered's new chief executive officer Bill Winters ploughed £1m into 168,000 shares in the bank at 599.08p each. Winters' spending spree brought his total holdings in the company to 229,035 shares with a value of around £1.4m. "Last week we outlined our strategy to cre
Read moreSector movers: Utilities downgraded, banks hit by FSB capital rules
9th Nov 2015 16:05
(ShareCast News) - The utilities sector was the worst performer on Monday, with banks starting well but losing ground and fund managers well bought. Banks got off to a good start early in the session, with Barclays, RBS, HSBC and Standard Chartered all powering higher as, following last week's robus
Read moreBroker tips: StanChart, National Grid, United Utilities
9th Nov 2015 16:02
(ShareCast News) - StanChart´s stock looks oversold in the near-term so there is upside to be had in the shares and with the announcement of a rights issue behind us investors will soon be past the point where they are fearful of the risks of dilution a top broker said on Monday. However, there were
Read moreStanChart still faces hurdles, Nomura says
9th Nov 2015 14:26
(ShareCast News) - Standard Chartered's stock looks oversold in the near-term so there is upside to be had in the shares and with the announcement of a rights issue behind us investors will soon be past the point where they are fearful of the risks of dilution, Nomura said. However, there are two m
Read moreFTSE 100 movers: Financial companies' rises offset IHG and utility falls
9th Nov 2015 14:10
(ShareCast News) - The FTSE 100 started the day on a high but slowly started to sink into the red, with the market down 4.22 (0.07%) by mid-afternoon to 6,349.61 despite a strong performance from financials. Aberdeen Asset Management, Standard Chartered, Barclays and HSBC were all boosted by the ri
Read moreFTSE 100 movers: Anglo American falls to 16-year lows
5th Nov 2015 14:18
(ShareCast News) - The FTSE 100 was down for most of the day on Thursday, with the market going into the black briefly after the Bank of England kept interest rates unchanged. By mid-afternoon, the market was back into the red, down 22.58 points (0.35%) to 6,390.3 points. Anglo American was the big
Read moreBroker tips: SSE, Howden Joinery, StanChart
5th Nov 2015 13:26
(ShareCast News) - Lower gas prices spell trouble for utilities companies in Europe, especially so for SSE which will see the pressure pile up on its dividend and undermine its premium rating, Goldman Sachs said. Oversupply in global liquid natural gas markets was set to drive European gas prices do
Read moreMacquarie downgrades StanChart, analysts left scratching their heads
5th Nov 2015 09:53
(ShareCast News) - Standard Chartered's restructuring plan is "rather uninspiring" Macquarie told clients on Thursday, downgrading its recommendation because in its opinion the bank had turned itself from a '2018 hope story' into a '2020 hope story'. The Asia-focused lendder's strategic plan lacked
Read moreThursday broker round-up
5th Nov 2015 09:38
(ShareCast News) - Standard Chartered: Macquarie downgrades to underperform. Target price: 550.00p. Quarto Group Inc: Northland Capital Partners initiates new coverage with a buy, sets target price at 350.00p. Howden Joinery Group: N+1 Singer upgrades to buy. Sabmiller: Societe Generale downgrades
Read moreWednesday broker round-up
4th Nov 2015 09:32
(ShareCast News) - Weir Group: RBC Capital Markets upgrades to sector perform, raises target price to 1200.00p. UBS reiterates to buy, cuts target price to 1600.00p. Goldman Sachs reiterates to buy. Target price: 1550.00p. Spirent Communications: Citigroup reiterates to buy, cuts target price to 90.
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