Start-up British banks seeing better returns than larger rivals, says KPMG
22nd May 2015 13:35
New 'challenger' banks are outperforming the 'Big Five' high street banks, and the larger lenders need to examine better ways of standing out in the market, according to a report by KPMG. The reported said that new banks in the UK are securing stellar returns, as they pick up "the whitespace left be
Read moreFTSE 250 movers: RPS continues to tumble, miners higher
1st May 2015 13:10
Shares in RPS Group continued Thursday's losses, when the industrial consultancy outfit said the continuing volatility in the oil and gas sector meant its energy business had a slower-than-expected start to the year. Stockmarket newcomer Virgin Money was climbing after it increased its share of the
Read moreVirgin Money mortgage lending jumps in first quarter
1st May 2015 08:00
Challenger bank Virgin Money Holdings reported a sharp increase in mortgage lending in the first quarter and ate up a larger percentage of market share. The Newcastle-based lender said its gross mortgage lending rose 34% year-on-year to £1.6bn, accounting for a 3.6% share in the UK mortgage market.
Read moreThursday broker round-up
9th Apr 2015 11:58
Marks&Spencer: Cannacord Genuity reiterates hold and tweaks price target to 530p from 525p. Antofagasta: Credit Suisse reiterates neutral stance with a 710p target. BG Group: Citigroup reiterates buy and lifts target to 1,332p. Robert Walters: Credit Suisse reiterates outperform and improves targe
Read moreHika Pharma promoted to FTSE 100 but Tullow Oil gets kicked out
5th Mar 2015 15:01
Hika Pharmaceuticals and Tullow Oil are switching places at start of the second quarter of this year as the FTSE Group reshuffles components across its leading London benchmarks. In its quarterly review, the FTSE Group have outlined which companies have been promoted or demoted from its indices. The
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