iNVEZZ most followed: RBS enjoys stock upgrade by Exane BNP Paribas

Written by: Michael Harris
March 11, 2020

Our round-up for the 10 most followed companies on iNVEZZ for Tuesday, November 3rd, starts with **Royal Bank of Scotland Group Plc (LON:RBS)**, which has enjoyed a stock rating upgrade by Exane BNP Paribas. Exane yesterday lifted its rating on RBS from ‘neutral’ to ‘outperform’ and raised its price target on the stock from 360p to 370p. Analysts at the French financial institution believe the bailed-out lender offers a good risk/reward balance at the current share price.

The other bailed-out bank in the FTSE 100, **Lloyds Banking Group Plc (LON:LLOY)** has been quiet in terms of major announcements and there hasn’t been any significant developments surrounding the company today. Nevertheless, Lloyds shares have seen some losses today, falling around one percent as of 15:05 GMT.
Meanwhile, FTSE 100 banking peer **Barclays Plc (LON:BARC)** is poised for a £400-million windfall from the sale of its stake in Visa Europe. Visa Inc announced yesterday that it would reacquire former subsidiary Visa Europe for €16.5 billion. The European credit and debit card firm is owned by more than 3,000 members and as a result, Barclays and other UK banking peers will reel in more than £1 billion between them on completion of the transaction.
Concluding our coverage of the banking sector is **HSBC Holdings Plc (LON:HSBA)**, which made the headlines after a Bloomberg report suggested that the bank’s Turkish business had attracted interest from domestic peers. According to the report, financial group Fiba Holding is considering a bid for HSBC Turkey, with Garanti Bank, Turkey’s largest bank, also having shown interest in the unit.
There has been no major developments in the telecoms sector, with both Vodafone Group Plc (LON:VOD) and BT Group Plc (LON:BT.A) keeping quiet. **Royal Mail Plc (LON:RMG)**, however, had some positive news to share; the postie announced that it had secured a new contract to deliver orders for ASOS (LON:ASC) and it had also extended its capacity to handle the 25 percent of fashion brand’s customer returns it doesn’t already deliver.
Our retailer section would’ve remained just as empty today if not for **Wm. Morrison Supermarkets (LON:MRW)** and its plan to take on high street sandwich chains by launching a freshly made in-store range. The grocer has revealed plans to train a 1,000-strong “sarnie army” of staff to make sandwiches, using ingredients from the grocer’s Market Street, in response to research results showing that 62 percent of people would eat more sandwiches if they were made freshly.
**Tesco Plc (LON:TSCO)** on the other hand had nothing to announce today and the rumour mill had not much to add either. The company’s share price has barely moved in today’s trading, adding to a fairly unremarkable day for the grocer.
And finally, oil and gas major **Royal Dutch Shell Plc (LON:RDSA)** has been accused by Amnesty International and the Centre for Environment, Human Rights and Development of failing to adequately clean-up oil spills in Nigeria, whilst claiming to have done so. The two organisations issued a joint report earlier today, in which they claimed the two organisations said several spill sites were still “visibly contaminated in 2015, even though Shell says it has cleaned them”.