Broker snap: Nomura upgrades Lloyds on housing recovery
4th Jul 2013 09:49
An improving picture of the housing market should start to rub off on UK banks, according to Nomura, which is viewing the the sector with 'guarded optimism'. In a research report released on July 3rd, the broker said that UK house prices are 10% too low and could rise by 15% by the end of 2015 (up
Read moreMonday broker round-up UPDATE
1st Jul 2013 07:27
Ashmore Group: Canaccord Genuity lowers target price from 399p to 380p, while its buy recommendation remains unchanged. ASOS: Panmure Gordon increases target price from 4320p to 4555p and retains a buy recommendation. AVEVA Group: Sanlam Securities reduces target price from 2500p to 2325p leaving
Read moreSunday newspaper round-up: Barclays, Glaxo, Egypt
30th Jun 2013 21:49
The Bank of England is heading for a showdown with Barclays this week over threats from the high street giant to rein in its lending. Antony Jenkins, Chief Executive of Barclays, warned on Friday that if the Bank presses ahead with a new capital rule it could be forced to "restrict" loans to househo
Read moreFriday broker round-up UPDATE
28th Jun 2013 08:32
BAE Systems: Deutsche Bank increases target price from 375p to 400p, while downgrading to hold. Barclays: Bank of America moves target price from 430p to 410p, while its buy recommendation remains unaltered. Booker Group: Investec shifts target price from 140p to 141p and keeps its buy recommendat
Read moreBroker tips: StanChart, ENRC, Antofagasta
27th Jun 2013 12:56
Nomura has maintained its positive stance on Asia-focused bank Standard Chartered after its second-quarter results on Wednesday, saying that the stock is looking attractive relative to Asian peers. A 'buy' rating has been maintained but Nomura has reduced its target price for the shares from 1,880p
Read moreBroker snap: StanChart is attractively valued, says Nomura
27th Jun 2013 08:20
Nomura has maintained its positive stance on Asia-focused bank Standard Chartered after its second-quarter results on Wednesday, saying that the stock is looking attractive relative to Asian peers. The broker said that the stock trades at a 25% discount relative to other Asian banks on a one-year f
Read moreThursday broker round-up UPDATE
27th Jun 2013 07:36
Antofagasta: Investec cuts target price from 892p to 691p downgrading from reduce to sell. Black Mountain Resources: Westhouse Securities shifts target price from 23p to 17p, while its buy recommendation remains unaltered. Bunzl: Numis upgrades to buy with a target price of 1505p. Capita: Jefferi
Read moreFTSE 100 movers: Financials rise, offset weakness amongst miners
26th Jun 2013 14:18
Gains in the financial sector were offsetting falls in the mining sector on Wednesday as bargain hunters stepped in following recent falls. Aberdeen Asset Management, Schroders, Resolution and Prudential, four stocks that have been hit hard by market volatility over the last month, were among the to
Read moreLondon midday: FTSE 100 up one per cent as sentiment improves
26th Jun 2013 11:21
Strong US data out yesterday, improving consumer confidence in Germany and measures by the Chinese central bank to ease a credit squeeze, all combined to give markets a boost on Wednesday with London's FTSE 100 jumping one per cent by midday. Nevertheless, mining stocks were under pressure in morni
Read moreStandard Chartered reports strong second quarter growth
26th Jun 2013 10:42
Standard Chartered said its income for the first half of the year is expected to grow at a mid single digit rate following a strong second quarter. The financial services company reported an acceleration in business momentum in the second quarter, as a pickup in volumes and client activity offset p
Read moreWednesday preview: Standard Chartered unveils second quarter results
25th Jun 2013 14:45
British multinational banking and financial services company Standard Chartered is due to release its second quarter results on Wednesday. Investec said its expectations are "mixed" in a note issued on Tuesday. The broker believes the second quarter is likely to show some continuing revenue head
Read moreLondon close: Markets suffer another sell-off as sentiment remains fragile
24th Jun 2013 16:41
Markets suffered another heavy sell-off on Monday, sending the FTSE 100 to levels not seen since the start of the year, as concerns over a slowdown in China and last week's Federal Reserve policy meeting continuing to hit markets across the globe. London's FTSE 100 finished the day down 87 points,
Read moreFTSE 100 movers: Miners fall on concerns over Chinese slowdown
24th Jun 2013 14:13
Mining stocks were again bearing the brunt of the market-wide sell-off on Monday on concerns over slowing growth in China after Goldman Sachs cut its growth forecasts for the powerhouse for this year and the next. Vedanta, Antofagasta, Glencore Xstrata and Anglo American were all registering moderat
Read moreLondon midday: FTSE 100 nearly erases year-to-date gains
24th Jun 2013 11:38
After a bright start, the FTSE 100 had sunk sharply into the red by Monday lunchtime with the index having nearly erased all of the impressive gains made since the start of the year. The Footsie was trading 1.05% lower by midday at around 6,052, compared to an intraday high of 6,132 reached early o
Read moreBroker snap: Investec upgrades RBS after recent falls
24th Jun 2013 09:14
Investec has upped its recommendation for part-nationalised bank Royal Bank of Scotland from 'sell' to 'hold', saying that the stock is 'marginally oversold' after the steep sell-off over recent sessions. "Enough! The RBS share price has collapsed by 12% in two days, and by 20% in a month, reclaimi
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