London midday: Sentiment dampened by BoE and Greece
8th Aug 2012 11:46
- ECB optimism fades - S and P cuts Greek outlook to 'negative' - BoE slashes growth forecast The Footsie remained firmly in the red on Wednesday morning as optimism earlier this week about the situation in Europe began to fade, particularly as Greece's credit rating outlook was lowered by Standard
Read moreBroker snap: StanChart uncertainty could drag on for a while
8th Aug 2012 11:21
Credit Suisse has retained its cautious stance on under-fire lender Standard Chartered on the back of its struggles with US regulators in regards to its alleged dealings with the Iranian government. The New York State Department of Financial Services (DFS) claims that for nearly a decade, Standard
Read moreWednesday broker round-up
8th Aug 2012 09:57
AstraZeneca: Jefferies raises target from 2,975p to 3,100p, hold rating kept. Avon Rubber: Investec reiterates hold rating and 315p target. BTG: Jefferies maintains hold rating and 410p target. Cobham: Jefferies reiterates buy recommendation and 230p target; Investec keeps sell rating and 200p ta
Read moreLondon open: Stocks slip on concerns over Greece
8th Aug 2012 09:02
- S and P cuts Greek outlook to 'negative' - Markets await BoE inflation report - StanChart rebounds after yesterday's sell-off UK stocks slipped in the opening hour on Wednesday, with the Footsie pulling back after a four-month high, after Greece's long-term sovereign rating outlook was cut by Sta
Read moreLondon pre-open: Falls expected ahead of inflation report
8th Aug 2012 07:34
City sources predict the FTSE 100 will open down 35 points from yesterday's close of 5,841, putting an end to a two-week rally, although some analysts believe the falls could be short-lived after comments made yesterday by Boston Fed Bank President Eric Rosengren, who said he believes the central ba
Read moreWednesday newspaper round-up: Recovery, BoE, StanChart
8th Aug 2012 07:07
The first green shoots have begun to emerge in money supply data from across the world, raising hopes of a tentative global recovery by later this year. Data collected by Simon Ward at Henderson Global Investors show that a key gauge of global money - six-month real M1 - has picked up at last after
Read moreWednesday tips round-up: Standard Chartered, Meggitt, Legal and General
8th Aug 2012 07:02
Questor in the Telegraph takes on the issue du jour, Standard Chartered, arguing the bank which faces damaging money laundering accusations in the US will, ultimately weather the storm. Trading at eight times current year earnings, the stock is still more expensive than poor old Barclays (at 5.4 tim
Read moreLondon close: Footsie at four-month high despite StanChart slump
7th Aug 2012 17:11
- StanChart makes headlines on Iran dealings, shares tank - Evraz jumps on positive read-across from steel peers - Juncker says Greek exit manageable The Footsie rallied in afternoon trade on Tuesday to close at a four-month high in spite of some weakness in the banking sector on the back of a mass
Read moreFTSE 100 movers: Standard Chartered plunges
7th Aug 2012 14:15
Emerging markets-focused banking titan Standard Chartered fell after the US banking regulator accused it of collusion with the government of Iran to hide transactions from authorities. Nomura, Oriel Securities and Bank of America all downgraded their ratings on the stock this morning. ?? Nomura cut
Read moreStanChart attack
7th Aug 2012 12:33
Less than a week ago, Standard Chartered was happy to be characterised as a 'boring' bank that has avoided the wilder excesses of others in its sector; now it finds itself at the centre of a money-laundering scheme, and accused of being a friend to terrorists. "It may seem boring in contrast to wha
Read moreLondon midday: StanChart drags banks lower
7th Aug 2012 11:47
- StanChart dominates headlines on Iran dealings - UK manufacturing output falls 4.3 per cent - Spain could be nearing a bailout The Footsie had swung into the red by Tuesday lunchtime as the banking sector took a hit on the back of 24 per cent plunge from Standard Chartered due to alleged dealings
Read moreBroker tips: StanChart, Diageo, Thomas Cook
7th Aug 2012 11:11
Nomura has downgraded its rating for Standard Chartered (StanChart) from 'buy' to 'neutral' on the back of the allegations of dealings with Iran by the emerging markets lender. Following the bank's interim results, StanChart was Nomura's preferred stock in the sub-sector and on the basis of fundame
Read moreBroker snap: Nomura downgrades StanChart over Iran dealings
7th Aug 2012 09:58
Nomura has downgraded its rating for Standard Chartered (StanChart) from 'buy' to 'neutral' on the back of the allegations of dealings with Iran by the emerging markets lender. Following the bank's interim results, StanChart was Nomura's preferred stock in the sub-sector and on the basis of fundame
Read moreTuesday broker round-up
7th Aug 2012 09:22
AB Foods: Nomura cuts target from 1,400p to 1,380p, buy rating kept. BBA Aviation: Jefferies keeps buy rating and 250p target. Big Yellow: Goldman Sachs upgrades to conviction buy, target lifted from 360p to 390p. Devro: Investec keeps buy rating and 355p target. Diageo: Investec lifts target fr
Read moreLondon open: Footsie edges higher, but StanChart plummets
7th Aug 2012 08:30
- StanChart tumbles on Iran dealings - IHG jumps after half-yearly report - Optimism increases in the Eurozone The Footsie edged higher on Tuesday morning after having closed at a three-month high the day before but Standard Chartered grabbed the headlines early on, taking a tumble in the opening h
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