(ShareCast News) - Homes are not always a safe repository of value, as property busts show, but at the moment they are the safest corner of the UK banking space. That was reflected yesterday in Virgin Money's full-year figures for return on tangible equity, which at 10.9% easily trumped those of the
Read more(ShareCast News) - The FTSE 250 crawled back towards parity by mid-afternoon on Monday after an early morning dip, but the index remained doggedly on the wrong side of the line. Shares in Vedanta Resources led the recovery over the day, climbing on news that India will shelve export taxes on low-gra
Read more(ShareCast News) - Broker Peel Hunt has slapped a 'buy' recommendation on Aldermore, OneSavings Bank and Shawbrook, as it began coverage of the three challenger banks. After some weeks of significant share price weakness in the trio, Peel Hunt said there was now an opportunity to acquire "high-quali
Read more(ShareCast News) - Aldermore Group: Investec reiterates buy recommendation and keeps target price at 325p. Saga: Numis stays at addwith 235p target and Canaccord Genuity upgrades to buy 240p target. Crest Nicholson: Jefferies keeps at buy and raises target from 719p to 740p. Ophir Energy: Credit S
Read more(ShareCast News) - JD Wetherspoon was under pressure on Wednesday as Investec cut its target price to 760p from 800p after the pub operator guided full year profits lower. In a trading statement, chairman Tim Martin warned that full year profits "were likely to below the lower end of analysts' expec
Read more(ShareCast News) - Credit Suisse initiated coverage of Shawbrook at 'outperform' with a 410p price target, saying the model is attractive, given that it avoids commoditised lending and is diversified across both SME and consumer lending. The Swiss bank prefers Shawbrook to Aldermore, as its stronger
Read more(ShareCast News) - The FTSE 250 was set to close at its lowest point for 2016, with the market already down 256.85 points (1.56%) to 16,156.42 by mid-afternoon Friday. Moneysupermarket.com was the market's biggest faller after the company's fourth quarter insurance revenues were hit by stronger comp
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