Company
LON:STAN
Standard Chartered is a banking group with operations in many of the world's fastest growing markets, and derives over 90 per cent of its profits from the emerging trade corridors of Asia, Africa and the Middle East.
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The Financial Times said the FTSE 100-listed lender could announce a buy-back alongside its full-year results, due in late February 2019, depending on the size of any fines doled out by US authorities over breaches of Iran sanctions
The FTSE 100-listed lender reported an underlying pre-tax profit of US$1.1bn for the three months to September 30, up 31% from the US$814mln posted a year earlier, and higher than the US$978mln consensus forecast
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The FTSE 100 closed up around 92 points at 7,182. FTSE 250 also gained..
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Trading updates from Glaxo, Standard Chartered and Next are likely to be the highlights
Analysts at the Swiss bank said they have cut their 2018-2020 adjusted earnings per share (EPS) estimates by 2-5% driven by lower revenue growth, with revenue forecasts cut by 1%
“RBS has been the best of a bad lot, with Standard Chartered, perhaps weighed down by concerns over its emerging markets, the worst of the FTSE 100’s Big Five, in share price terms,” said AJ Bell investment director Russ Mould
UBS said Barclays is its top pick of European banks
As the Clash sang: should I stay or should I go? Any number of mining companies, big pharma, Diageo, Ferguson, Aggreko and Ashtead could all make the jump but three companies in the financial sector look the most likely to up sticks.
The delay comes amid sector-wide pressure from European regulators to submit more detailed plans for their post-Brexit hubs to prevent banks from creating token offices
HSBC analysts noted that the stronger US dollar, while bad news for reported earnings, is good news when those earnings are translated back for a sterling share price
Standard Chartered warned that global expansion is becoming "more uneven" amid trade tensions between the US and China
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The Footsie finished up almost 48 points at 7,748, but FTSE 250 fell
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Aside from the oil giant's second-quarter numbers, results are also due from the likes of Centrica, Standard Chartered, Taylor Wimpey, Just Eat, and Greggs
FTSE 100 closed down 0.46 points, or 0.01% at 7,700 on Monday
Fiona Cincotta, senior market analyst at City Index, said the UK was now at a crossroads..
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A look at some of the top risers and fallers in London today
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In the currency market, sterling was down 0.48% against the Euro, while it lost 0.28% against the US dollar.
The Financial Times said Barclays' senior board members were exploring a deal with another bank and that chairman John McFarlane was keen on the idea of a possible combination with Standard Chartered
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It's the first Friday of the month, so naturally much of the attention was on the US non-farm payroll report.
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Day-ahead includes first quarter updates from global lender HSBC PLC and British Airways-owner International Airlines Group PLC, plus the April US payrolls report
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A look at some of the biggest risers and fallers in London on Wednesday.
Standard Chartered said it is "alert to continued geopolitical risks" but is now more resilient, having strengthened its capital position
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The FTSE 100 continued higher on Wednesday, extending the week's winning streak.
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Day ahead includes updates from FTSE 100 lender Standard Chartered PLC, drugs firm indivior PLC, plus the latest Federal Reserve interest rate decision
The German’s bank’s analysts said they expect margin pressures will remain the main area of focus for the UK domestic lenders, amidst clear signs of competitive pressure on mortgage pricing
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The premier UK blue-chip exchange added around 45 points at 7,203, while FTSE 250 also stormed higher, up 193 points at 19,968.
Premier Oil and G4S are among the highlights in the schedule for Thursday
The bank swung to a full year profit on the back of major restructuring under chief executive Bill Winters
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New Fed supremo Jerome Powell will likely stick to a gradual, three hikes scenario, but the case for a faster pace of tightening is growing stronger, according to Nordic investment bank, SEB
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Day ahead includes a welter of blue chip results from the likes of Standard Chartered PLC, Persimmon PLC, Direct Line Group, and GKN PLC
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The premier UK share index closed up around 24 points at 7,281.
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The minister responsible for Britain's exit from the EU, David Davis said the UK would lead a “global race to the top"
Berenberg upgraded Standard Chartered and lifted its target price on HSBC
The broker also raised its target price for the FTSE 100-listed firm to 740p from 640p, with the stock trading at 766.9p in early morning trading on Tuesday, down 0.5% on last night’s close
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If you happen to work for a FTSE 100 company, your boss has already earned more in the past two-and-a-half days then the average UK employee will this year
The UK blue chip index closed around seven points higher at 7,544, below the day’s peak of 7,563
A slump in the value of the pound was, as usual, a signal for investors to pile into FTSE 100 stocks
JPMorgan raised their stance on the emerging-markets-focused firm to ‘overweight’ from ‘neutral’ as they “see potential for 2018-20 EPS to surprise positively against consensus"
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FTSE 100 closed around 11 points down, while the FTSE 250 dropped almost 65 points
Analysts believe Lloyds may need to raise its capital ratio target after suffering a larger drawdown in this year's stress tests
Some of the biggest risers and fallers in London on Monday
All UK lenders passed the central bank’s test for being able to withstand another financial crisis
RBS will be in focus in this year's stress test after the government revived plans to sell its stake in the lender
A look at some of the biggest risers and fallers today in London
Around 3.10pm, the FTSE 100 index was down about 6 points at 7,411, below the day’s peak of 7,425.19, but above the low of 7,389.54
Deutsche Bank upgraded its rating for the FTSE 100-listed bank to ‘hold’ from ‘sell’ and raised its price target to 670p from 653p
The bank said the global economy is recovering, albeit at a slow pace, but warned that strong competition was keeping asset margins “under pressure”
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At around 3.55pm, the UK blue chip index was up 5 points to 7,498
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No matter how good Paddy Power's results are, chances are the main focus will be on the government's report on gaming machines, released yesterday morning
The boss of the investment bank said he will be spending "a lot more time" in Frankfurt.
HSBC and Standard Chartered may "inadvertently have been conduits" for money laundering, it has been claimed
There has been no news flow from FTSE 100 companies to speak of today
Richard Meddings could return to a UK-bank after a three-year hiatus following his departure from Standard Chartered as finance chief
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FTSE 100 closed Tuesday's afternoon session 64 points lower at 7,337
The index of blue-chip shares advanced 23 points as the pound declined after official data showed inflation remained unchanged in July
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The bank's second quarter is expected to have followed a similar pattern to those that preceded it: decent underlying performance overshadowed by legacy issues
A look at some of the biggest risers and faller in London today ...
Standard Chartered is waiting for more clarity on the implications of Basel III capital rules and IFRS 9 accounting policy changes
The UK blue chip index Around 12 points lower at 7,411 well above the day’s low of 7,388.92
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It's not quite 'Super Thursday' but definitely a busy day with heavyweights BAE, Standard Chartered, Travis Perkins and Vedanta among those reporting
With an hour and a half of trading to go in London, the FTSE 100 index was 36 points higher at 7,404, albeit remaining below an early peak of 7,425.52
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The top-shares index pushed on again in the afternoon session despite an indifferent showing on Wall Street
It is in mortgage risks assessment that the most immediate impact may be felt
Barclays has added Lloyds to its European recommended portfolio as its stock is attractively priced
The UK blue chip index closed at 7,454, below the new intra-day peak of 7,460.20, but above the previous high of 7,447 hit in March
At the close, the UK blue chip index was up 0.7%, or 48.8 points at 7,435.4, not far below its all-time record of 7,447.0
Margin resilience as it brings down unnecessarily high deposit rates will help Lloyds stand out from it peers
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Day ahead; J Sainsbury, Ocado, Imperial Brands, Paddy Power Betfair ...
The reason for the downgrade was a technical one, but has led to a downgrade to 2017 and 2018 earnings per share forecasts – by 12% and 18% respectively.
In an interim management statement, the emerging markets-focused lender reported a pre-tax profit of US$1.0bn for the quarter ended March 31, up 94% year-on-year
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Neither the US air strikes or the underwhelming US jobs data could prevent the Footsie from finishing the day in the blue
Berenberg also reduced its target price for Standard Chartered to 725p from 750p, leading the FTSE 100-listed firm’s shares to shed 0.6%, or 4.6p to 720.4p
The bank reported a statutory pretax profit of US$409mln for the year to December 31, after reporting its first loss in more than a quarter century
London’s FTSE 100 ended lower on Friday, dragged lower by heavyweight loser RBS after it reported a ninth straight year of losses
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RBS has already had a big boost this week after the majority taxpayer-owned bank confirmed on Monday that it has shelved plans to sell its Williams & Glyn chain.
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FTSE 100 shares were dragged lower by banks such as HSBC and RBS on Tuesday
The bank's analysts said: “After the 80% rally in StanChart and 54% rally in HSBC shares over the past year we view risk reward as less compelling on a 1 year view ".
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The FTSE 100 ended flat on Monday as Unilever shares sank in the wake of Kraft Heinz saying it had abandoned its proposed merger which would have been one of the biggest in corporate history
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Around 3.15pm, the UK blue chip index was up over 21 points at 7,299, not far from the day’s peak of 7,307, and well above the day’s low of 7,253.
FTSE 100 shares closed higher on Wednesday, led by banking shares which teamed up with their Wall Street brethren to cheer on what may be a US rate hike as soon as March
Deutsche has nudged up its target price by 45p to 600p, but the rating remains ‘sell’
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The FTSE 100 continued its sharp slide on Tuesday, after the pound surged at its strongest intraday pace since 2008 following Theresa May's speech on Brexit which was seen as offering leadership on the course for quitting the European Union
FTSE 100 stocks marched higher on Wednesday with miners the top gainers
Taxpayer-owned Royal Bank of Scotland has agreed a deal to settle the claims of the majority of shareholders who had alleged they were misled when they took part in the bank's £12bn cash call in 2008.
RBS and Standard Chartered both feature on Goldman’s ‘buy’ list in the wake of the stress tests
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There are noises coming from Austria’s capital where the cartel is meeting
The bank, has had to draw up a new capital plan and bolster its balance sheet by £2bn.
FTSE 100 shares almost wiped out their gains on Wednesday after an “on paper” deal was struck by OPEC members to cut oil supply by 1.2mln barrels a day
FTSE 100 stocks shed nearly 100 points on Friday, as a combination of strong sterling, weak construction data and a sell-off by majors on Wall Street left the London market only slightly higher on the week
London's FTSE 100 closed sharply lower on Wednesday as Standard Chartered topped the losers' list for a second successive session, while markets grew jittery about a possible Donald Trump electoral victory
"We now have a stronger balance sheet, reduced concentrations and are becoming more efficient, but income and profit levels are not yet acceptable."
Sportech shares were hit hard on Tuesday after it told investors that the proposed sale of its Football Pools would now not go ahead
FTSE 100 shares sank on Tuesday, after a session spent gyrating around the flat mark, weighed down by sombre third quarter earnings from a bank and oil company
A day for Big Oil - BP and Shell are going to have oil analysts jostling for elbow room
BP & Shell are both issuing interims on Tuesday - about as likely as Taylor Swift and Katy Perry performing a duet together
FTSE 100 stocks edged higher on Thursday led by bank stocks, even as their euro zone cousins counted the cost of continued low interest rates signalled by the European Central Bank
German bank's shares have fallen to their lowest level since 1983
FTSE 100 stocks ended softer on Tuesday as sterling remained nestled near to post-Brexit lows for a second successive session
The UK economy so far has also held up better than expected
London shares closed lower on Tuesday after a session where it only briefly rose on the day, thanks to lower oil and bank stocks
