7 stories mentioning STAN.LUpdated 12d ago
Every FINWIRES story that references STAN.L, newest first.
Mediobanca on Friday upgraded British lender Standard Chartered (STAN.L) to neutral from underperform and increased its price target to 18.20 pounds sterling from 16.00 pounds.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
London's FTSE 100 closed 0.27% in the green on Thursday as Israeli strikes in southern Lebanon continued, hours after the US brokered a ceasefire between the two countries.Israel will continue to attack Lebanon for the time being, Reuters reported, citing Defense Minister Israel Katz. The ceasefire is conditional on a suspension of attacks from Hezbollah, which has rejected the plan, according to the news outlet.On the economic front, Britain's construction sector activity contracted at its fastest pace in six years in May amid weaker orders and heightened economic uncertainty, S&P Global said. The UK Construction PMI fell to 38.2 from 39.7 in April, below the 40.2 consensus estimate, extending the sector's contraction streak to 17 months."Concerns about a prolonged decline in construction order books, alongside unfavourable near-term UK economic prospects, weighed on business optimism in May. This index has fallen sharply since the start of 2026, and confidence levels are now almost as low as those seen ahead of last autumn's Budget," S&P Global Market Intelligence Economics Director Tim Moore said.On the upside, the UK's new car registrations climbed 7.1% year over year to 160,662 units in May, according to data from the Society of Motor Manufacturers and Traders. SMMT said the latest reading reflects the best recorded for the month since 2019 due to the resurgence of private buyers, though it remains 12.6% behind pre-pandemic levels.In corporate news, Rio Tinto Group (RIO.L) dropped 2.79% on the blue-chip index after RBC Capital Markets downgraded the stock to underperform."Rio Tinto has benefitted from a strong flight to quality YTD (+8% since the conflict began) as fears mount around industry costs/availability of key inputs," analysts wrote. "However, with exception of aluminium (28% of EBITDA), it is difficult to see further upside in the commodity basket given the warning signs in the Chinese economy. Furthermore, we would not be surprised to see further expensive corporate action as they seek to bolster copper exposure."Meanwhile, Prudential plc (PRU.L), Standard Chartered (STAN.L) and HSBC (HSBA.L) lost 7.60%, 2.81% and 1.80%, respectively, after the South China Morning Post reported that mainland Chinese residents were facing tighter restrictions on opening offshore accounts at major Hong Kong banks, weighing on financial institutions with exposure to China.
Rothschild & Co. Redburn on Wednesday increased the price for British bank Standard Chartered (STAN.L) to 24.00 pounds sterling from 20.00 pounds, while keeping its buy rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
AlphaValue/Baader Europe on Wednesday downgraded British banking group Standard Chartered (STAN.L) to reduce from add and increased its price target to 20.94 pounds sterling from 20.83 pounds.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Morningstar on Monday reiterated its hold rating on British bank Standard Chartered (STAN.L) and increased its price target to 21 pounds sterling from 19.20 pounds.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Standard Chartered (STAN.L) unveiled new medium-term financial targets and plans to cut more than 15% of roles in its corporate functions by 2030 as the British lender accelerates the use of artificial intelligence across its business.In a Monday statement, the bank said it is "scaling practical uses of automation, advanced analytics and artificial intelligence to streamline processes, improve decision-making and enhance both client service and internal efficiency."Having achieved its 2026 medium-term financial targets a year ahead of schedule, the lender outlined new targets for the period from 2025 to 2028, including a high-teens EPS compound annual growth rate and annual income growth of 5% to 7%. StanChart is also targeting a return on tangible equity of more than 15% by 2028, before rising to 18% in 2030.StanChart also plans to raise income per employee by 20% by 2028, helped by the announced job cuts. The bank also pledged to support a dividend payout ratio of at least 30%, with a "progressive" dividend per share.Highlighting the strength of its international business, StanChart said it will raise investment in its Asian wealth management business, where it ranks as the third-largest player. Its wealth and retail banking business has brought forward key targets to 2028 from 2029, including a goal of attracting $200 billion in net new money and increasing affluent income to 75% of total segment income."We will invest disproportionately in this business, while continuing to concentrate on markets and portfolios where we have scale and the most distinctive client proposition," the bank said.StanChart shares were little changed in early morning trading in London and up over 2% in afternoon trading in Hong Kong.
Keefe Bruyette & Woods on Wednesday upgraded British banking group Standard Chartered (STAN.L) to market perform from underperform and raised the price target to 20 pounds sterling from 17 pounds.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
