Standard Chartered names Naguib Kheraj senior independent director
17th Jun 2015 09:14
Standard Chartered said on Wednesday that it has appointed Naguib Kheraj as senior independent director effective from 16 June. Naguib replaces Ruth Markland, who, as previously announced, will step down from the board by the end of 2015. Naguib has been an independent non-executive director of the
Read moreTuesday share tips: Aberdeen Asset Management, StanChart
16th Jun 2015 15:07
Aberdeen Asset Management´s decision to raise 100m pounds via the sale of preference shares is unsettling. Six weeks ago it said it would spend that same amount buying back ordinary shares. In goes one sum of money and out comes another? It´s not that simple. First, one must ask if something at the
Read moreFTSE 100 movers: Tobacco stocks surge on broker comments, miners lower
16th Jun 2015 12:58
London markets hit a five-month low on Wednesday, driven by continued Greece concerns, a sell-off in Chinese markets and weakness in the mining, construction and technology sectors. As of 14:00 BST, the FTSE 100 was trading 0.42% lower at 6,683. British American Tobacco and Imperial Tobacco led the
Read moreLondon close: FTSE 100 drops to three-month low after Greek talks collapse
15th Jun 2015 16:28
UK stocks dropped over one per cent to a three-month low on Monday as concerns about a potential Greek exit from the Eurozone hammered market sentiment. The FTSE 100 fell 1.1% to 6,710.52, with heavyweights Easyjet and Standard Chartered among the worst performers by the end of trade. Just four stoc
Read moreFTSE 100 movers: Standard Chartered hit by dividend cut speculation, Easyjet downgraded
15th Jun 2015 13:26
London stocks plunged towards three month lows on Monday, as investors nervously anticipated further details of a fed rate hike on Wednesday and Greece's negotiations with its creditors collapsed abruptly. At 1500 BST, the FTSE 250 was trading 0.9% lower at 6.724. Shares in Standard Chartered dropp
Read moreLondon midday: Easyjet, StanChart lead UK stocks lower as Greek fears increase
15th Jun 2015 11:34
UK stocks dropped sharply on Monday, with the FTSE 100 on track for its lowest finish in three months, as debt talks between Greece and its creditors collapsed abruptly. The FTSE 100 was trading 0.74% lower at 6,734.97 by midday, with Easyjet and Standard Chartered providing a drag. The index has no
Read moreStandard Chartered shares drop as Jefferies suggests dividend cut
15th Jun 2015 11:03
Shares in Standard Chartered fell 2% on Monday after Jefferies cut its price target on the stock to 656p from 722p and warned that the company may cut its dividend to bolster capital. "The incoming chief executive officer's need to improve capital ratios leads us to halve our dividend per share fore
Read moreGradual relaxation of the UK bank levy still likely, says Nomura
11th Jun 2015 09:56
Although Chancellor George Osborne was noticeably silent on the matter of the UK bank levy on Wednesday, Nomura still expects to see a gradual relaxation. "With a majority Tory government now in place, we expect a gradual relaxation of the UK bank levy over time," it said. Nomura said it suspects t
Read moreFTSE 100 movers: Supermarkets and miners surge, Weir Group lower on profit warning
10th Jun 2015 13:25
Tesco surged on reports it has invited at least six firms including KKR and Carlyle Group to bid for its South Korean unit Homeplus, which is valued at about $6bn. According to people familiar with the matter cited by Reuters, London-based CVC Capital Partners, Hong Kong-based Affinity Equity Partne
Read moreLondon midday: Stocks edge higher ahead of Osborne's speech
10th Jun 2015 11:45
UK stocks reversed earlier losses and edged forward on Wednesday, as traders waited on the Chancellor's Mansion House speech. Industrial output in the UK sped past forecasts in April, thanks to a strong contribution from mining. Production grew by 0.4% month-on-month, as an 8.7% surge in oil and ga
Read moreStandard Chartered must make capital strength a priority, says CEO
10th Jun 2015 10:52
Bill Winters, the chief executive of Standard Chartered, said the bank's capital strength is a top priority. In a letter sent to employees on Wednesday, which marked his first day in his new role, Winters insisted capital strength was a key factor for banks facing challenging economic conditions. "
Read moreStandard Chartered jumps nearly 4% on reports of UK bank levy change
10th Jun 2015 10:03
Standard Chartered jumped nearly 4% on Wednesday, with traders pointing to a press report that Chancellor George Osborne may signal an end to the £3.5bn a year bank levy. According to the Times, the Chancellor is expected to use his annual Mansion House speech this evening to say that the levy will
Read moreUK bank levy change would benefit StanChart the most, says SocGen
8th Jun 2015 09:30
Commenting on a Sunday Times report that George Osborne is to lay the groundwork for a review of the bank levy, Societe Generale said that Standard Chartered was likely to be the biggest beneficiary. SocGen explained that the current method of calculation puts UK banks at a disadvantage when operati
Read moreFTSE 100 movers: Banks and miners weaker, property stocks extend gains
26th May 2015 13:18
UK stocks were were buffeted on Tuesday by Greek uncertainty, stateside interest rate speculation and weakness among miners and financials. As of 14:30 BST, the FTSE 100 was trading 23.5 points lower at 7,008.24. Banking stocks with high eurozone exposure plummeted as Greece concerns merged with Sp
Read moreThursday broker round-up
21st May 2015 13:01
Barclays: JP Morgan Cazenove reiterates overweight and 285p target. StanChart: Goldman sachs reiterates neutral. St.James Place: Numis reiterates add and 1050p target. Hargreaves Lansdown: JP Morgan Cazenove reiterates neutral and raises target to 1,100p from 1,050p. UK Mail Group: RBC Capital re
Read more