Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    50,473.04
    -988.48 (-1.92%)
     

  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     

BUZZ-OneSavings Bank: Shares up after Investec rates co a "buy"

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) in Britain's OneSavings Bank Plc (LSE: OSB.L - news) rise as much 5 pct as brokerage Investec (LSE: INVP.L - news) initiates "buy" rating on the stock, calling the bank unique within the "challenger" banks space

** Stock is top gainer on the FTSE-250 Midcap Index and the FTSE-350 Fin Serv Financial Index

** Shares in OneSavings, which was the first UK bank to list in a decade on the London Stock Exchange (Other OTC: LDNXF - news) last June, have risen about 80 pct from listing price of 170 p

** OneSavings stock touched market high of 328 p last month

** "The FTSE-100 banks offer a poor comparator group," Investec says in a note and sets target price on the stock at 365 p

** OneSavings focuses on specialist lending, including the market for buy-to-let mortgages, which are growing at a quick clip in Britain (aashika.jain.thomsonreuters.com@reuters.net)