Investec sees limited impact from $300m US fine at StanChart
20th Aug 2014 10:59
The news of $300m fine by US regulators failed to dampen the demand for Standard Chartered shares on Wednesday, with Investec providing a lift after reiterating its 'buy' stance on the stock. The bank agreed the settlement with New York's Department of Financial Services (NYDFS) for deficiencies in
Read moreStanChart confirms US fine and compliance monitoring extension
20th Aug 2014 09:07
UK bank Standard Chartered has been fined $300m (£181m) by US regulators and will need to enhance surveillance of its transactions as well as face an extension to current compliance monitoring. The bank agreed the settlement with New York's Department of Financial Services (NYDFS), as had been exp
Read moreWednesday newspaper round-up: Balfour/Carillion, Apple, StanChart...
20th Aug 2014 06:58
Balfour Beatty is poised to reject a third merger offer from Carillion as hopes for the creation of a £3 billion construction "powerhouse" fade. Sources said the construction group headed by Steve Marshall, the under-fire chairman, is likely to reject Carillion's offer as the new proposal failed to
Read moreStanChart to pay up to $300m to New York banking regulator
19th Aug 2014 14:54
Asia-focused banking group Standard Chartered and New York's banking regulator are set to settle allegations regarding the bank's anti-money-laundering procedures as soon as this week. The bank is expected to pay a fine of up to $300m and has agreed to additional disciplinary measures, after it was
Read moreSunday newspaper round-up: Mark Carney, Carillion-Balfour, Tesco
17th Aug 2014 15:49
The UK economy is more than halfway to full recovery, the Governor of the Bank of England (BoE) told the Sunday Times. Mark Carney, in an interview marking the first anniversary of his forward guidance policy, told the paper economic expansion was proceeding and that momentum was more assured. "Wher
Read moreThursday tips round-up: Standard Chartered, Pennon
14th Aug 2014 08:31
Standard Chartered is under increased scrutiny from investors now that a decade-long run of record profits has just ended. During the past financial crisis the lender offered a rather unique value proposition. Its only links to the west were its UK listing and London headquarters. Furthermore, it ha
Read moreFTSE 100 movers: Admiral and Glencore shares fall after H1 results
13th Aug 2014 14:49
Car insurance group Admiral was a heavy faller on Wednesday after the group said turnover in the first half was down 5% at £1.04bn as a 9% rise in customers was outweighed by a fall in premiums over last year. The company said that while UK premiums are no longer falling a return to growth remains e
Read moreLondon midday: Stocks advance as rate-hike speculation eases
13th Aug 2014 12:08
- BoE strikes dovish tone as wages fall - Ukraine crisis, Asian data in focus - Ex-dividend stocks limit upside - Banking stocks lead upside techMARK 2,736.01 +0.28% FTSE 100 6,661.68 +0.44% FTSE 250 15,528.53 +0.41% An overall dovish tone to the Bank of England's (BoE) Inflation Report gave UK st
Read moreLondon open: Stocks flat on rate speculation ahead of Inflation Report
13th Aug 2014 09:04
- Inflation Report, rate speculation keeps markets cautious - Ukraine crisis in focus as Russian convoy heads to border - Chinese data disappoints, Japanese GDP sinks - Ex-dividend stocks fall techMARK 2,725.51 -0.10% FTSE 100 6,630.77 -0.02% FTSE 250 15,403.28 -0.40% Weak economic data from Asia,
Read moreMonday broker round-up UPDATE
11th Aug 2014 10:22
Avacta Group: Numis lowers target price from 2p to 1.6p retaining its buy recommendation. Braemer Shipping Services: Westhouse Securities reinstates with a target price of 545p and a buy recommendation. British Land: Liberum Capital upgrades to buy with a target price of 763p. Catlin Group: Deuts
Read moreSunday share tips: Bellway, Standard Chartered, Vertu
10th Aug 2014 19:38
Buy shares of Bellway, whose valuation looks cheap, the Sunday Telegraph's Questor tipster advised. The housebuilder reported record trading on August 8th but the shares have fallen 6% this year on fears that rising interest rates could burst the UK's housing bubble. That leaves the shares trading a
Read moreBanks treated like "criminals" says Standard Chartered CEO
7th Aug 2014 13:12
Banks are being too harshly penalised for minor errors in efforts to extinguish money laundering, said Jaspal Bindra, Standard Chartered Asia chief executive. On Wednesday, Standard Chartered said a computer error in a surveillance system that is a part of the bank's anti-money laundering controls
Read moreThursday broker round-up UPDATE
7th Aug 2014 09:42
Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a target price of 120p. Aggreko: Morgan Stanley raises target price from 1300p to 1350p, while leaving its underweight rating unaltered. Clinigen: N+1 Sin
Read moreBroker tips: Standard Chartered, Fresnillo, Meggitt, Serco
6th Aug 2014 12:57
Investec says Standard Chartered coped well with a difficult first half of the year and is "still probably the best bank in the world". The broker acknowledges that 2014 "may not be a stellar year", but it expects a kick-start for revenue-led growth in the second half of the year and beyond. It ke
Read moreLondon midday: FTSE 100 near 6,600 as Ukraine crisis sinks stocks
6th Aug 2014 12:09
- Russian troops amass along Ukraine border - UK, Italian and German data disappoints - Ex-dividend stocks fall - StanChart falls after results, Shire drops FTSE 100 6,604.48 -1.17% FTSE 250 15,162.03 -1.24% techMARK 2,708.06 -1.23% Fears about a possible Russian invasion of Ukraine sparked a sell
Read more