The City News: Royal Bank of Scotland Group plc (RBS), Enterprise Inns plc (ETI), United Utilities Group PLC (UU) & More

Page 1 of 2

Editor's Note: Related tickers: Goldman Sachs Group, Inc. (NYSE:GS), Credit Suisse Group AG (NYSE:CS), Deutsche Bank AG (NYSE:DB), Morgan Stanley (NYSE:MS), Royal Bank of Scotland Group plc (LON:RBS), Enterprise Inns plc (LON:ETI), United Utilities Group PLC (LON:UU), Associated British Foods plc (LON:ABF), BT Group plc (LON:BT.A)

Royal Bank of Scotland Group plc (ADR) (NYSE:RBS)

RBS and Natwest To Inject £150m Into Leisure Market (IBTimes) The Royal Bank of Scotland Group plc (LON:RBS) and its retail arm Natwest launched a £150m to support the growth of the leisure industry, in a move seen to shirk off mounting complaints and scandals in the retail industry. Royal Bank of Scotland Group plc (LON:RBS) and Natwest revealed in a joint statement that the fund includes fee-free loans to support investment for the leisure industry, as one in four UK leisure businesses feel they are losing out to competitors due to lack of investment. "Competition in this sector is fierce, so those putting off short term investment can quickly find they need to make larger investments, or face being left behind," said Andrew Taylor, Head of Leisure for Commercial Banking at NatWest and Royal Bank of Scotland Group plc (LON:RBS).

Scottish bank customers warned over deposit protection scheme (Guardian) Bank customers and pensioners in Scotland would be less well protected if the country voted to leave the UK, a report warned on Monday. An independent Scottish retail banking sector would be dominated by two large banks – Bank of Scotland and Royal Bank of Scotland Group plc (LON:RBS). If one of these were to fail, the report suggests, almost all of the costs for compensating depositors would fall on the remaining firm, and that could lead to more concern among deposit-holders.

Banks: emerging from the bottom drawer (Scotsman) It’s bottom-drawer rummage time again. Remember those bank shares that made you wince every time you checked them? The ones with 90 per cent falls that dragged down your investment performance, that paid no dividends and were useful only to mitigate capital gains tax liability? In the deep purgatory of this bottom drawer, stirrings are afoot. Last Friday, shares in Royal Bank of Scotland Group plc (LON:RBS) were top of the leader board with a 5.7 per cent climb to 336.8p. That’s 71 per cent up on the low of 196.6p last summer if still short of the 367.8p peak reached earlier this year.

Enterprise Inns Given “Overweight” Rating at Morgan Stanley (ETI) (DailyPolitical) Enterprise Inns plc (LON:ETI)'s stock had its “overweight” rating reaffirmed by Morgan Stanley (NYSE:MS) in a research note issued on Friday, Stock Ratings Network.com reports. They currently have a GBX 140 ($2.15) price target on the stock. Enterprise Inns plc (LON:ETI) has been the subject of a number of other recent research reports. Analysts at Deutsche Bank AG (NYSE:DB) reiterated a “buy” rating on shares of Enterprise Inns plc (LON:ETI) in a research note to investors on Tuesday.

Villagers rallying behind bid to buy their local pub (TewkesburyAdmag) MORE than 150 residents packed into Bishampton Village Hall on Monday to support a bid to buy their local pub. Ever since Enterprise Inns plc (LON:ETI) put the Dolphin up for sale several weeks ago, parish councillors have been inundated with requests by residents to take it on and get the pumps flowing again as soon as possible. As a result, the parish council placed a bid which has now been accepted by Enterprise Inns plc (LON:ETI), subject to contract. ...He said: “We have done our sums and liaised with other parish council pub purchasers and came to the conclusion that the plan was worthwhile putting to our own residents. We feel we have a very good deal from Enterprise Inns plc (LON:ETI), which we are grateful for.

United Utilities Group Stock Rating Reaffirmed by Deutsche Bank (UU) (MideastTime) United Utilities Group PLC (LON:UU)'s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank AG (NYSE:DB) in a note issued to investors on Friday, Stock Ratings Network reports. They currently have a GBX 770 ($11.81) target price on the stock. United Utilities Group PLC (LON:UU) traded up 0.46% on Friday, hitting GBX 765.00. United Utilities Group PLC (LON:UU) has a 52-week low of GBX 617.00 and a 52-week high of GBX 816.00. The stock’s 50-day moving average is currently GBX 711.9. The company’s market cap is £5.216 billion. A number of other analysts have also recently weighed in on United Utilities Group PLC (LON:UU). Analysts at Credit Suisse reiterated an “underperform” rating on shares of United Utilities Group PLC (LON:UU) in a research note to investors on Thursday.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 30 percentage points in 13 months Learn how!

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!