(ShareCast News) - Shawbrook Group grew profits 29% in the first quarter and, despite a small squeeze on net interest margins (NIM) from higher property lending in the period, stated its confidence in hitting full year targets. The challenger bank said its business pipelines remained healthy, even a
Read more(ShareCast News) - Miners came under renewed selling pressure as iron ore futures continued to come off the boil and ahead of the US central bank's policy meeting the next day, with the Bank of Japan's decision overnight to keep its policy settings unchanged - instead of delivering further stimulus
Read more(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) - Stagecoach Group's shares declined on Thursday as Investec cut its rating to 'sell' from 'reduce' and target price to 250p from 300p. Investec said Stagecoach's trading update on Wednesday revealed softer revenues than expected in all divisions, apart from North America. The FTSE
Read more(ShareCast News) - Shore Capital has reiterated its 'buy' rating on challenger Shawbrook Bank on its belief the valuation of the specialist lenders sub-sector is wrong, with Shawbrook being valued at 10 times earnings despite 20% EPS growth forecast. Maiden final results from the bank since its 2015
Read more(ShareCast News) - Shawbrook Bank's first final results since its flotation last April showed underlying profits ahead of forecasts and confidence brimming for the years ahead. The 'challenger' bank, which was formed when the former RBS Equity Finance acquired the banking licence of Manchester-based
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
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