Lending & deposits grow at Standard Chartered -UPDATE
30th Oct 2012 07:10
Standard Chartered, the bank focused on emerging markets, continued to see good momentum across its businesses and geographies in the third quarter. In the year-to-date, income grew at a high single digit percentage rate, maintaining the trajectory seen in the first half of 2012. Income has continu
Read moreFTSE 100 movers: Carnival rises on Royal Caribbean's outlook
25th Oct 2012 15:14
Cruise operator Carnival rose three per cent, making it the top riser among FTSE 100 stocks in afternoon trade, buoyed by news that its US rival Royal Caribbean has raised its full-year forecast. Carnival had to cut prices to get people back on board with the idea of cruise holidays after the Costa
Read moreThursday newspaper round-up: Eurozone, BP, Bumi
18th Oct 2012 07:05
Friction between France and Germany set the scene for a bumpy summit today in which European Union leaders are to lay the groundwork for bolstering the fragile Eurozone and open the way to a two-tier Europe with Britain on the outside. President Hollande fired an undiplomatic broadside at Germany, u
Read moreLondon close: Stocks hold on to gains despite Eurozone uncertainty
15th Oct 2012 16:25
-Chinese data and US figures lift sentiment -All eyes on Spain and Greece ahead of EU summit -Citi economist predicts 'Grexit' -Spanish 10 year bond yields rise 19bp to 5.82 per cent -Greek 10 year bond yields fall 48bp to 17.56 per cent London's FTSE 100 index finished the day in positive territor
Read moreFTSE 100 movers: Banks and insurers lifted by Deutsche Bank upgrade
12th Oct 2012 15:50
Banks and insurers have been buoyed by Deutsche Bank upgrading the sectors to 'overweight'. However, it was financial services provider Hargreaves Lansdown which topped the leader board in the morning session, after it said it had got off to a "pleasing" start to its new financial year. Hargreav
Read moreSunday newspaper round-up: Greece, BAE Systems, Britain´s banks
7th Oct 2012 18:06
Greece cannot have more time to repay its debt to the European Central Bank because it would be illegal and "illogical", board member Joerg Asmussen has said, as he shut the door on pleas for leniency from the bank. Mr Asmussen said that the ECB could not lengthen the time period for loans to Greece
Read moreTemasek thought less likely to offload StanChart stake
4th Oct 2012 13:27
Singapore investment company, Temasek, Standard Chartered's biggest shareholder, is uncomfortable with the London based lender's governance plan and is pushing for it to hire more independent directors, the Wall Street Journal reports today, citing an unidentified person. However, that may not sign
Read moreMonday broker round-up
1st Oct 2012 08:58
Barclays: Liberum Capital upgrades to buy, target lifted from 210p to 245p. British American Tobacco: Investec upgrades to buy. Capital & Counties: Seymour Pierce downgrades from buy to add, 233p target kept. Charles Stanley: Peel Hunt downgrades to hold. Electrocomponents: Panmure Gordon downgr
Read moreLondon close: Equities cruise higher
25th Sep 2012 16:45
US consumer confidence data lit a small fire under equities in the afternoon session, after a drab morning in which leading shares moved mostly sideways. The Conference Board's measure of US consumer confidence rose more than expected in September to its highest level in seven months. M&A activity
Read moreFTSE 100 movers: Weir leads risers on bid speculation
25th Sep 2012 15:49
Weir is leading the risers on the back of speculation that GE, which yesterday said it was keeping an eye out for potential acquisitions, might be about to make a bid for the engineering giant. Hot on its tail, Carnival rose after reporting continuing strength in fleetwide booking volumes and pric
Read moreBroker tips: Bumi, Rentokil, StanChart
25th Sep 2012 13:37
In a research note published this morning analysts at Nomura have sharply downgraded their view of London-listed diversified Indonesian miner Bumi plc to reflect the short-term distressed nature of the company´s finances following its recent corporate governance travails. To use their own words:
Read moreBroker snap: Credit Suisse dismissive of StanChart report? Or not?
25th Sep 2012 13:35
Analysts at Credit Suisse have issued what at first glance seems like a rather dismissive research note on this morning´s FT article according to which Singapore investment fund Temasek has sounded out potential buyers for its 6bn pound stake in Standard Chartered. In this regard, they comment tha
Read moreTuesday newspaper round-up: StanChart, Tesco, BP
25th Sep 2012 07:05
Singapore investment fund Temasek has sounded out potential buyers for its 6bn pound stake in Standard Chartered, potentially reigniting talk of a takeover of the emerging markets bank. The fund, which is owned by the Singapore government, had been judging buyer interest for its 18 per cent sharehol
Read moreBroker tips: British American Tobacco, Imperial, Galliford, StanChart
18th Sep 2012 12:17
After reviewing key news-flow across the industry in the prior month as well as the latest market data for Spain and Japan cigarettes, Swedish and US smokeless, and US cigars, analysts at Nomura have up-dated their forecasts and price targets for the companies within this sector where appropriate.
Read moreBroker snap: CS sees StanChart beating some of its estimates
18th Sep 2012 11:13
Following Standard Chartered´s Investor Day, analysts at Credit Suisse (CS) have decided to remain Neutral while maintaining their price target of 1,460p. This was despite the lender reiterating existing targets and with management seen remaining confident. Thus, says Credit Suisse, "we see the ri
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