FTSE 100 movers: Standard Chartered results drive market down
3rd Nov 2015 13:22
(ShareCast News) - The FTSE 100 had a rollercoaster start to the day on Tuesday, but was down 12.29 points (0.19%) by mid-afternoon to 6,349.51. The biggest faller was Standard Chartered after it posted a disappointing set of third quarter results. The bank said they were hit by challenging market c
Read moreLondon pre-open: StanChart beats third quarter forecasts
3rd Nov 2015 07:53
(ShareCast News) - Shares were expected to rise at the start of the session, taking their cue from overnight gains on Wall Street that saw the Dow Jones Industrials move back into positive territory for the year and the S&P clamber back atop its mid-August highs. The Footsie was seen starting the da
Read moreStandard Chartered plans to cut 15,000 jobs after disappointing third quarter results
3rd Nov 2015 07:13
(ShareCast News) - Standard Chartered plans to cut 15,000 jobs as part of a strategic review following its disappointing third quarter results. The FTSE 100 listed bank posted its results to 30 September on Tuesday and launched a capital raise to strengthen the balance sheet and support its strategi
Read moreStandard Chartered to close two more divisions
26th Oct 2015 09:36
(ShareCast News) - Standard Chartered will close its equity derivatives and convertible bonds businesses, Reuters reported. The FTSE 100-listed bank announced the move on Monday as part of a plan to cut costs and focus on more efficient uses of capital. The divisions will be wound down "in a phased
Read moreLondon close: Stocks fall as mining shares, oil prices decline
12th Oct 2015 16:10
(ShareCast News) - London stocks ended lower on Tuesday, dragged down by mining shares and drop in oil prices. Glencore was the biggest faller on the FTSE as the troubled miner began the process of selling two of its copper mines in Australia and Chile. Fellow miners Anglo American, Antofagasta and
Read moreBroker tips: Standard Chartered, Hays, IAG
12th Oct 2015 16:07
(ShareCast News) - Investec downgraded Standard Chartered to 'hold' from 'buy' with an unchanged target price of 820p. It said the latest leg of Standard Chartered's 26% eight-session surge appears to have been driven by market enthusiasm around media reports of plans to cut about 1,000 top staff.
Read moreFTSE 100 movers: SABMiller gains as AB InBev sweetens approach; Rolls-Royce slumps
12th Oct 2015 14:47
(ShareCast News) - London's FTSE 100 was down 0.7% to 6,374.06 at 1520 BST as investors struggled for direction amid quiet trade, with no major data releases scheduled. SABMiller was on the front foot as Belgium-based Anheuser-Busch InBev sweetened its proposal to £43.50 after its London-listed riva
Read moreMonday broker round-up
12th Oct 2015 14:37
(ShareCast News) - Kaz Minerals: Goldman Sachs downgrades to sell, cuts target price to 110.00p. Darty: Liberum Capital starts new coverage with a buy, sets target price at 100.00p. Avon Rubber: N+1 Singer downgrades to hold, raises target price to 1040.00p. Berendsen: RBC Capital Markets upgrades
Read moreInvestec cuts StanChart to 'hold', says consensus remains far too high
12th Oct 2015 11:45
(ShareCast News) - Investec downgraded Standard Chartered to 'hold' from 'buy' with an unchanged target price of 820p. It said the latest leg of Standard Chartered's 26% eight-session surge appears to have been driven by market enthusiasm around media reports of plans to cut about 1,000 top staff.
Read moreLondon midday: Stocks slide on quiet day of news and economic data
12th Oct 2015 11:12
(ShareCast News) - London stocks were in the red amid a lack of drivers on a quiet day for news and economic data releases. A rally in Chinese stocks failed to boost the UK market, as the China Securities Journal reported that the deputy governor of the People's Bank of China said the country's s
Read moreFTSE 100 movers: Glencore rises as zinc output cut; Investors happy with StanChart report
9th Oct 2015 13:44
(ShareCast News) - The FTSE 100 was up 63.88 points (1.00%) to 6,438.70 mid-afternoon Friday, rallying on the back of Thursday's release of the Federal Reserve minutes. Glencore again led the risers on the back its decision to cut 500,000 tonnes or around a third of its annual zinc production. The m
Read moreStandard Chartered CEO reportedly planning to cut up to 1,000 jobs
9th Oct 2015 10:12
(ShareCast News) - Standard Chartered's new chief executive Bill Winters is reportedly planning to cut up to a quarter of the bank's most senior staff in a bid to reduce costs. According to Reuters, which cited an internal memo sent to staff, the move will likely result in the loss of around 1,000 j
Read moreThursday broker round-up
8th Oct 2015 17:33
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read moreFTSE 100 movers: Glencore leads the way again
5th Oct 2015 14:36
(ShareCast News) - The FTSE 100 was unaffected by England's Rugby World Cup loss despite analyst predictions last week, with it sitting at 6,282.02 mid-afternoon on Monday, rising 152.04 points (2.48%). Glencore led the risers again and crossed the 100p threshold after a disastrous week. It followed
Read moreBroker tips: FirstGroup, Vodafone, Standard Chartered
2nd Oct 2015 17:08
(ShareCast News) - Investec has retained its 'buy' rating and target price of 125p on FirstGroup after the transport operator said overall trading is in line with management's expectations. In a trading update for the six months to the end of September, FirstGroup said its transformation plans conti
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