Tuesday newspaper round-up: StanChart, Cost of Energy, QE
21st Jan 2014 06:21
When Standard Chartered and HSBC engaged in a 500m pound bidding war for Royal Bank of Scotland more than 30 years ago, it did not end well. The UK competition authority blocked both bids, citing their damaging impact on "career prospects, initiative and business enterprise in Scotland". Now this UK
Read moreLondon close: FTSE 100 edges higher after quiet session
20th Jan 2014 16:45
- FTSE 100 within touching distance of 14-year high - Banks fall after Deutsche Bank's Q4 loss - Chinese growth slowed down in Q4 - UK outlook improves - HSBC highlights potential risks from too-low inflation readings techMARK 2,853.67 +0.09% FTSE 100 6,836.73 +0.11% FTSE 250 16,227.11 +0.25% It
Read moreBroker snap: Goldman highlights HSBC as top pick among UK banks
20th Jan 2014 16:37
Goldman Sachs has named HSBC as its preferred pick among UK banks on a long-term perspective, after analysing the financials across the sector since 1990. Analysts from the US firm said that UK banks under their coverage have booked £44.5bn of notable and non-recurring charges since 1990, equivalen
Read moreBroker snap: JPM takes cautious view on RBS, but hikes target
20th Jan 2014 14:52
JPMorgan Cazenove saw a positive earnings outlook for domestic UK banks in 2014, driven by the economic recovery at home, its analysts wrote to clients on Monday. They expected to see a multitude of positive developments as a result of the above, including: improving net interest margins (NIM) and
Read moreLondon midday: Markets tread water on quiet day, but banks fall
20th Jan 2014 11:38
- Volumes light with Wall Street closed for MLK Day - Chinese GDP growth slows down - UK business optimism improves, IMF to raise UK forecasts - Deutsche Bank surprises with Q4 loss techMARK 2,851.04 0.00% FTSE 100 6,831.82 +0.04% FTSE 250 16,212.26 +0.16% Stocks were rangebound on Monday morning
Read moreMonday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreLondon open: Banking stocks limit upside as markets open flat
20th Jan 2014 08:18
- Banks fall after Deutsche Bank Q4 loss - US markets closed for MLK Jr day - Chinese data points to slowdown techMARK 2,857.04 +0.21% FTSE 100 6,828.28 -0.01% FTSE 250 16,219.04 +0.20% UK equities opened more or less flat on Monday on what is set to be a quiet day with Wall Street closed later on
Read moreBroker snap: 'Sell' RBS ahead of next month's results, says Investec
17th Jan 2014 15:47
Investec has downgraded its rating for UK banking group Royal Bank of Scotland (RBS) from 'hold' to 'sell', reminding investors of the rule: 'Never own RBS into the numbers!' "'Short RBS' may be a crowded trade but after a 19% one-month 'spike', we think it (once again) looks attractive," said Anal
Read moreLondon close: BSkyB leads markets higher after decent economic data
14th Jan 2014 16:31
- Markets at highest level since October 30th - UK inflation falls to BoE target - Eurozone industrial production, US retail sales beat forecasts - UBS highlights potential M&A at BSkyB techMARK 2,818.48 +0.54% FTSE 100 6,766.86 +0.14% FTSE 250 16,236.02 -0.12% Markets managed to finish in positiv
Read moreTuesday newspaper round-up: StanChart, US Congress, Time Warner
14th Jan 2014 06:48
Seasoned Standard Chartered investors will not be surprised that the emerging markets-focused bank has yet again become the source of takeover talk. Stanchart shares were trading flat in Hong Kong in morning trading, even after Citigroup analysts commented in a research note that Australian lender A
Read moreFriday tips round-up: StanChart, Laird
10th Jan 2014 10:36
StanChart has a credibility problem, but even worse an emerging markets problem. The latter is what investors should focus on, not on the rolling heads in the boardroom. If emerging market growth is forthcoming then the lender can easily generate enough net income - at least 5bn dollars worth, accor
Read moreFTSE 100 movers: M&S shares recover despite Q3 miss
9th Jan 2014 15:26
Marks & Spencer shares were putting in a strong performance this afternoon, recovering somewhat after yesterday's third quarter miss. The stock was given a boost by Investec, which upgraded its rating from 'hold' to 'buy', saying that the business should now become cash generative given that the cur
Read moreStandard Chartered reorganises, CFO steps down - UPDATE
9th Jan 2014 08:28
- Wholesale and Consumer banking merged into one - Wholesale boss to take charge as Deputy CEO - Group FD steps down After its unexpectedly weak fourth quarter, Standard Chartered has reorganised its business units, with three senior directors stepping down. The FTSE 100 bank said from April 1st
Read moreLondon midday: Markets jump one per cent after Fed taper
19th Dec 2013 12:01
- Fed tapers monthly asset purchases by 10bn dollars - Markets rise, Wall Street hits record high - Annual growth of UK retail sales misses estimates techMARK 2,732.70 +1.31% FTSE 100 6,556.63 +0.99% FTSE 250 15,576.80 +1.37% UK markets had held on to their gains by Thursday lunchtime as investors
Read moreMonday broker round-up UPDATE
16th Dec 2013 08:16
Admiral Group: Deutsche Bank moves target price from 1300p to 1330p and maintains a hold recommendation. Allocate Software: N+1 Singer raises target price from 98p to 108p keeping a buy recommendation. Amlin: Deutsche Bank ups target price from 465p to 484p reiterating its hold recommendation. Ca
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