Confidence climbing as UK equities and property rebound – Lloyds
Data produced by Lloyds Bank revealed appetite for investing has rebounded strongly from its Brexit-triggered July lows, with investors warming once again toward risk assets.
Data produced by Lloyds Bank revealed appetite for investing has rebounded strongly from its Brexit-triggered July lows, with investors warming once again toward risk assets.
Barclays’ share price rose 7.6% to 157.68p after reporting a 21% drop in profits due to major restructuring efforts over the first half of the year.
It sounds like something out of a spy film – Barclays leading a mob of Chinese investors to a secret London location, down a shady path into its high-security ring-fenced gold bullion vault.
Anglo American saw its shares rocket 15% on news it has decided to cut around 4000 jobs and increased iron ore production.
UK banks are currently the best recovery play on the global market, according to Jupiter Fund Management’s Steve Davies.
With income high on investors’ wish lists, but with large-cap defensives arguably looking undesirably expensive, the spotlight is back on financials to deliver – and apparently they have.
Tackling retail wealth management from a very institutional perspective is an approach that is delivering for two former Lloyds colleagues.
With business lending set to increase and a rate rise looming, will this window of opportunity for UK challenger banks be something investors can tap into?
Lloyds announced in its interim results statement on Friday it will consider the introduction of a special dividend or share buyback programme.
Barclays is making progress, as demonstrated by its 25% H1 2015 profit surge, says JPMAM’s James Davidson, but is still two years away from warranting income investor interest.
Banks are still too opaque and afflicted by risk to warrant investor interest, according to Franklin Templeton’s Colin Morton.
A wave of personnel changes, restructurings and policy shifts has swept the UK banking sector in 2015, but should income investors be rekindling their interest?