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Stock Market & Financial Investment News

News Breaks
December 14, 2012
07:47 EDTIRE, RBS, LYGWilbur Ross interested in European financial services investments, WSJ reports
The billionaire investor Wilbur Ross and his WL Ross & Co. is looking to make "significant" acquisitions in financial services firms in the U.K. and other areas of Europe in coming years, with each deal potentially worth "a few hundred million dollars," he says, reports the Wall Street Journal. "We're looking at many countries, and we've been talking for a long time with just about all the banks in Spain," he says. Reference Link
News For RBS;IRE;LYG From The Last 14 Days
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August 3, 2015
11:50 EDTRBSU.K. government to sell about 5.2% stake in Royal Bank of Scotland
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09:12 EDTRBS, LYGU.K. government may start RBS sell-off in next two weeks, Daily Mail reports
The U.K. government might start the sell-off of its 79% stake in RBS (RBS) within the next two weeks, the Daily Mail reports, citing "press reports." Tentative plans were drawn up by U.K. Financial Investments for the sale of a GBP2B holding in RBS, the report says. The move follows the government reducing its stake in Lloyds (LYG) by 1% last week, taking the taxpayer's holding down to just under 14%, the report says. Reference Link
August 2, 2015
18:55 EDTRBSU.K. may start selling RBS stake Monday, Sunday Times says
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July 31, 2015
12:10 EDTLYGLloyds eyes acquisitions for first time since bailout, Bloomberg reports
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05:55 EDTLYGLloyds Banking announces interim dividend of 0.75 pence per share
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05:51 EDTLYGLloyds Banking sees FY15 net interest margin to 2.6%
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05:50 EDTLYGLloyds Banking reports 1H15 underlying profit GBP 4.38B vs. GBP 3.82 last year
Reports 1H15-end fully loaded common equity tier 1 ratio 13.3%. Reports 1H15 total income up 2% to EUR 9.87B. Reports 1H15 impairment charge down 75% to EUR 179M. Reports 1H15 underlying return on required equity of 16.2%. Reports 1H15 statutory profit before tax up 38% to EUR 1.19B. Reports 1H15 strong balance sheet and liquidity position with CET ratio of 13.3%.
July 30, 2015
06:53 EDTRBSRBS reports 1H operating profit GBP5629M vs. GBP2.87B last year
Reports 1H operating profit before tax GBP293M, which includes GBP1.05B of restructuring costs. Reports CET1 12.3% and Tier 1 12.3%.
July 22, 2015
19:14 EDTLYGJudge says Lloyds must release records in HBOS case, Reuters reports
London's High Court of Justice has ruled that Lloyds must disclose any legal advice it received prior to its acquisition of Halifax Bank of Scotland, as part of a GBP350M lawsuit brought by a group of Lloyds investors, Reuters reported earlier. The lawsuit alleges that Lloyds failed to disclose details of financial vulnerability at HBOS prior to seeking shareholder approval, said the report. Reference Link
18:18 EDTRBSRBS hires advisers to investigate treatment of small businesses, Reuters says
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10:01 EDTIREOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Entertainment (AMC) upgraded to Buy at MKM Partners... Agnico Eagle (AEM) upgraded to Buy from Hold at HSBC... Allegiant Travel (ALGT) upgraded to Outperform from Market Perform at Raymond James... Amazon.com (AMZN) upgraded on positive outlook at JMP Securities... Bank of Ireland (IRE) upgraded to Buy from Neutral at Nomura... Canadian Pacific (CP) upgraded to Buy at Canaccord... Carrizo Oil & Gas (CRZO) upgraded to Outperform from Neutral at Credit Suisse... Concho Resources (CXO) upgraded to Outperform from Neutral at Credit Suisse... Crown Castle (CCI) upgraded to Buy from Neutral at Citi... Exxon Mobil (XOM) upgraded to Conviction Buy from Buy at Goldman... Fidelity & Guaranty Life (FGL) upgraded to Outperform from Neutral at Macquarie... First Interstate (FIBK) upgraded to Buy from Hold at Sandler O'Neill... Hess Corp. (HES) upgraded to Outperform from Neutral at Credit Suisse... Intuitive Surgical (ISRG) upgraded to Buy at Canaccord... J.C. Penney (JCP) upgraded to Buy from Neutral at Buckingham... Murphy Oil (MUR) upgraded to Neutral from Underperform at Credit Suisse... Noble Energy (NBL) upgraded to Outperform at Credit Suisse... Packaging Corp. (PKG) upgraded to Outperform from Market Perform at BMO Capital... Prologis (PLD) upgraded to Outperform from Neutral at Baird... Signature Bank (SBNY) upgraded to Strong Buy from Outperform at Raymond James... Sonic Automotive (SAH) upgraded to Buy from Neutral at BofA/Merrill... Tate & Lyle (TATYY) upgraded to Neutral from Sell at Goldman... Technip (TKPPY) upgraded to Neutral from Sell at Goldman... Union Bankshares (UBSH) upgraded to Buy from Neutral at Compass Point... Yamana Gold (AUY) upgraded to Buy from Hold at HSBC... Yara (YARIY) upgraded to Neutral from Underweight at JPMorgan.
05:30 EDTIREBank of Ireland upgraded to Buy from Neutral at Nomura
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July 21, 2015
06:08 EDTRBS, LYGU.K. watchdog visited Barclays 186 times in 2014, Bloomberg reports
The FCA's supervisory team made 186 visits to Barclays (BCS) in 2014, more than any other British bank that year, Bloomberg reports. HSBC (HSBC) was next highest with 85 visits, with RBS (RBS) and Lloyds (LYG) following with 65 and 58 encounters, respectively, the report says. Reference Link

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