Analysts upgrade Schroders stock amid cost-cutting drive Investing RBC analysts have upgraded their Schroders’ stock price target after accounting for the group’s recently announced cost-cutting drive. Analysts at the bank upgraded Schroders’ target price from 395p to 475p, while it is currently trading at 379p, having surged 17 per cent since the start of 2025. The cost-cutting plan came as Schroders issued its [...]
London Stock Exchange Group upgraded ahead of results Investing Analysts have upgraded London Stock Exchange Group as investors prepare for the bourse’s full-year results next week, with hopes that a further share buyback programme will be announced. In a research note today, RBC Capital Markets analysts upgraded the London Stock Exchange Group’s target price from 11,600p to 12,500p. The stock is currently sitting at [...]
Court chucks out HMRC double tax treaty case against RBC Legal The UK Supreme Court, by a majority, dismisses HMRC's appeal over a double tax treaty linked to a North Sea oil production
HSBC: FTSE 100 lender’s stock drops after downgrade by Deutsche Bank February 3, 2025 HSBC’s stock price has dropped more than two per cent this morning after being downgraded by Deutsche Bank analysts from a Buy to a Hold. The FTSE 100 bank received a target share price of £9.10 from Deutsche Bank, compared to its current share price of £8.27. “After a substantial increase in share price, the [...]
IG Group extends share buybacks after Freetrade acquisition January 23, 2025 IG Group is set to spend £50m more on share buybacks following its acquisition of trading app Freetrade. In the firm’s six month results to 30 November, the FTSE 250 firm said it would be extending its previous share buyback programme from £150m to £200m. “It is pleasing to show how we can both invest [...]
Natwest share price rockets to 10-year high January 21, 2025 The Natwest share price hit its highest level since February 2015 in early deals this morning as investors backed the bank for growth in 2025. The UK bank’s stock price is already up 95 per cent over the last year, making it one of the best performing stocks on the FTSE 100, and it shows [...]
Santander UK sets aside £295m for motor finance payout November 20, 2024 Santander UK has set aside £295m in its quarterly results to pay out to motor finance customers following a landmark court ruling on the topic last month. The bank had previously delayed its third-quarter results thanks to the high court ruling, which it said had left it unable to calculate the potential cost of the [...]
St James’s Place continues exec shakeup with new chief risk officer November 12, 2024 St James’s Place has continued its shakeup of senior staff with a new chief risk officer as Britain’s biggest wealth manager works to rebuild credibility. Chief risk officer Mark Sutton, who had worked at the firm for the last seven years, represents the third executive to depart in just over a year. A St James’s [...]
HMRC takes Royal Bank of Canada to the UK’s highest court over corporation tax November 4, 2024 The tax agency has taken the Canada's largest bank to the UK Supreme Court over corporation tax payments on a North Sea oil production
Brooks Macdonald buys financial advisor amid takeover rumours October 8, 2024 Brooks Macdonald has bought independent financial advisor LIFT in a deal worth up to £45m, as takeover rumours swirl around the group. LIFT has £1.6bn in assets under advice, with £600m of this being funds under management. The firm is headquartered in Greater Manchester, with offices in London and Edinburgh, and has around 1,400 clients, [...]