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LONDON BROKER RATINGS: JPMorgan cuts Lloyds Banking to 'underweight'
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:
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Share Price:
54.18
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54.40
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Don't have an account? Click here to register.BoE Tucker's resignation may lead to 'more activist' MPC
Fri, 14th Jun 2013 17:47
Paul Tucker has resigned as Deputy Governor of the Bank of England, leading to suggestions the Bank's Monetary Policy Committee (MPC) could move in favour of a more activist monetary policy. Tucker, who joined the Bank of England in 1989 as Principal Private Secretary to Governor Leigh-Pemberton, worked his way up to Deputy Governor in March 2009. He served on the MPC from June 2002. But having been narrowly beaten, it is reported, in the race to be Governor in favour of the Bank of Canada's Mark Carney, he has decided to throw in the towel. As Tucker has voted against QE expansions in recent meetings, Barclays believes the departure may lead to a change in the UK's monetary policy outlook. Analyst Simon Hayes notes: "The deputy governorship is a Crown appointment, and is therefore in the hands of the government, and in choosing Mark Carney as the next Bank of England governor, Chancellor Osborne revealed a preference for 'monetary activists'. "It is therefore quite possible that Mr Tucker's replacement will be more inclined to support a monetary expansion."Having made that observation, Hayes acknowledged that MPC member Ian McCafferty had stressed the MPC's serious reservations about the wisdom of more QE at this time and how if the economic outlook continues to brighten, the MPC seems likely to conclude that no more support is needed."Moreover, arguably the biggest challenge facing the BoE over the next few years is to ensure that monetary policy and macro-prudential policy are appropriately configured and joined up. "The new deputy governor will be pivotal in this process, and the ability to take the fledgling Financial Policy Committee forward and to engineer an effective link-up with the MPC is probably a more important selection criterion than their view on the current monetary stance," added Hayes.Tucker has said he plans to spend a period of time in academia in the United States once he has left the Bank.However, rumours in the City point to the upcoming vacancies of the chair at Lloyds and Royal Bank of Scotland, with Sir Win Bischoff due to retire in May 2014 and RBS chief executive Stephen Hester penciled in to be staying on until the end of this year.OH
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26 Jun 2023 07:56
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(Alliance News) - Stocks in London were set to start the new week marginally lower, with financial markets unfazed by a failed revolt by a mercenary army in Russia over the weekend.
Read more26 Jun 2023 07:40
Broker tips: Lloyds, Cranswick, On The Beach
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Read more23 Jun 2023 15:50
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Read more23 Jun 2023 13:12
UK's Hunt: Agreed measures with banks to ease mortgage payments strain
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Read more23 Jun 2023 12:09
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Read more22 Jun 2023 07:00
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*Read more21 Jun 2023 17:18
London stocks fall after inflation data shock, homebuilders slump
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*Read more21 Jun 2023 11:57
UK's Hunt says banks must honour commitments on mortgage help
LONDON, June 21 (Reuters) - British finance minister Jeremy Hunt said on Wednesday that mortgage lenders had to live up to their commitments to help borrowers struggling with higher interest rates.
Read more20 Jun 2023 12:28
UK's Hunt to meet lenders to discuss mortgage forbearance
LONDON, June 20 (Reuters) - British finance minister Jeremy Hunt on Tuesday said he would meet major lenders later this week to ask them to show forbearance towards households who struggle to pay rising mortgage bills.
Read more9 Jun 2023 14:02
Broker tips: Hammerson, Lloyds, British Land, Landsec
(Sharecast News) - Barclays upgraded Hammerson on Friday to 'overweight' from 'underweight' and lifted the price target to 30p from 25p.
Read more9 Jun 2023 09:45
Citi removes Lloyds from 'EMEA Focus List', keeps at 'buy'
(Sharecast News) - Citi removed Lloyds Banking Group from its 'EMEA Focus List' on Friday as it pointed to headwinds in the second quarter.
Read more9 Jun 2023 09:38
LONDON BROKER RATINGS: Stifel thinks B&M shares offer value
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Read more8 Jun 2023 14:56
Broker tips; NatWest, Lloyds, Rio Tinto
(Sharecast News) - JP Morgan sees better risk reward in NatWest Group relative to Lloyds Banking Group, it said in a note published on Thursday on UK banks.
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