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A hoop dream that could boost Barclays (Independent) - Mar 11, 2010

The naming rights to the so called Barclays Center (yes, the Brits will stick with the American spelling) came with a putative 20 year price tag of more than $300m. "I'm being facetious a bit but maybe this is why Barclays is considering buying a US retail bank," said Ian Gordon, an analyst at Exane BNP Paribas, in response to market speculation this week that the company is scoping out US targets to buy. "An acquisition doesn't have many obvious synergies, but maybe there are some brand synergies from the naming rights which are not currently being tapped.". Mr Diamond – proudly displaying a "Brooklyn" lapel badge on his pin stripe jacket – said after yesterday's ceremony that the rights were even more valuable now than they were when they were signed in 2007 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Recent Research on Barclays plc (BARC)
Barclays Bank PLC (Fitch Research)- Oct 30, 2009
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Share:  "I'm being facetious a bit but maybe this is why <span class="company">Barclays</span> is considering buying a US retail bank," said <span class="analyst">Ian Gordon</span>, an analyst at Exane BNP Paribas, in response to market speculation this week that the company is scoping out US targets to buy. Tweet this 

Lloyds Banking to Allow Extra Mortgage Repayments Until 2011 (BusinessWeek) - Mar 11, 2010

Lloyds Banking Group Plc, Britain's biggest home loan lender, will allow customers to increase mortgage repayments without penalty, as the bank seeks to cut its 1.03 trillion pound ($1.55 trillion) balance sheet. Existing customers will be allowed to overpay by as much as 20 percent until the end of March next year, the London based lender said in a statement today. "It is a way of getting funding by the back door," said Ian Gordon, an analyst at Exane BNP Paribas in London who has an "outperform" rating on the bank. "It reduces refinancing risk which is welcome in an uncertain world 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Recent Research on Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group Affected Hybrid Securities (Moody's Global Credit Research)- Nov 23, 2009
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Share:  "It is a way of getting funding by the back door," said <span class="analyst">Ian Gordon</span>, an analyst at Exane BNP Paribas in London who has an "outperform" rating on the bank. Tweet this 

Standard Chartered Profit Rises on Corporate Lending (Bloomberg) - Mar 03, 2010

Standard Chartered in December said its "exposures in Dubai" won't lead to any "material" impairment charges. Ian Gordon , an analyst at Exane BNP Paribas, said he was seeking "greater clarity" in terms of the bank's impairments in Dubai. Dubai World, the state owned holding company, is seeking to restructure about $22 billion of debt and will present a proposal to creditors this month, a person close to the Dubai government said Feb. 17. HSBC , Europe's biggest bank, this week posted full year net income of $5.83 billion from $5.73 billion a year earlier after bad loans climbed and profit in Europe slumped. That missed analysts' estimates. To contact the reporter on this story: Kelvin Wong in Hong Kong at kwong40@bloomberg.net ; Jon Menon in London at jmenon1@bloomberg.net 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  <span class="analyst">Ian Gordon</span> , an analyst at Exane BNP Paribas, said he was seeking "greater clarity" in terms of the bank's impairments in <span class="company">Dubai</span>. Tweet this 

HSBC chief pledges £4m bonus to charity as bank's profits fall 24% (Independent) - Mar 01, 2010

Mr Green said there would likely be a two speed recovery, with emerging markets set for a return to rapid growth while developed economies continue to crawl their way out of the pit of the recession. After the Household debacle HSBC pledged to focus on emerging markets. It will pay a fourth quarter dividend of 10c, bringing the total for the year to 34c. Ian Gordon, banking analyst at Exane BNP Paribas, said HSBC shares were fairly valued but unexciting in "a world of cheaper, more compelling opportunities". Charitable bonus: Gift Aid gain? 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Recent Research on HSBC Holdings plc (HSBA)
Moody's concludes its review on hybrid securities ratings in UK (Moody's Global Credit Research)- Feb 11, 2010
HSBC Holdings plc (Fitch Research)- Dec 18, 2009
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Share:  <span class="analyst">Ian Gordon</span>, banking analyst at Exane BNP Paribas, said <span class="company">HSBC</span> shares were fairly valued but unexciting in "a world of cheaper, more compelling opportunities". Tweet this 

Misys leads way as Footsie claws back losses for week (Financial Times - Media) - Feb 26, 2010

Break up hopes led Misys sharply higher yesterday as the London market advanced.. The software group had its biggest gain in more than four months ahead of an investor conference next Wednesday for its banking division.. Analysts at Morgan Stanley 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Break up hopes led Misys sharply higher yesterday as the London market advanced.. The software group had its biggest gain in more than four months ahead of an investor conference next Wednesday for its banking division. Tweet this 

Lloyds Banking Group 2009 net profit is 2.8 bln pounds ($4.3 bln), but pretax loss disappoints (Minneapolis Star Tribune) - Feb 26, 2010

Last year, Lloyds also raised 13.5 billion pounds in Britain's largest ever rights issue. Lloyds shares were down half a percent at 54.6 pence as the London Stock Exchange opened. "The substance and outlook should delight the market," said Ian Gordon, analyst at Exane BNP Paribas. He noted improvements in margins and synergies, and the bank's claim that impairments had peaked 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  <span class="company">Lloyds</span> shares were down half a percent at 54.6 pence as the London Stock Exchange opened. "The substance and outlook should delight the market," said <span class="analyst">Ian Gordon</span>, analyst at Exane BNP Paribas. Tweet this 

Lloyds Banking Group in full year profit of $4.3B (Top Business News) - Feb 26, 2010

Last year, Lloyds also raised 13.5 billion pounds in Britain's largest ever rights issue. Lloyds shares were down half a percent at 54.6 pence as the London Stock Exchange opened. "The substance and outlook should delight the market," said Ian Gordon, analyst at Exane BNP Paribas. He noted improvements in margins and synergies, and the bank's claim that impairments had peaked 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  <span class="company">Lloyds</span> shares were down half a percent at 54.6 pence as the London Stock Exchange opened. "The substance and outlook should delight the market," said <span class="analyst">Ian Gordon</span>, analyst at Exane BNP Paribas. Tweet this 

Bailed out by the taxpayer - but still the losses mount (Guardian UK: Banking) - Feb 22, 2010

But neither is and according to Ian Gordon, banks analyst at Exane BNP Paribas, the Osborne policy might now serve to put a ceiling on the shares "Weekend chatter suggesting that the Conservative party would, if elected, plan a massive [discounted] retail offering of Lloyds and RBS shares, reinforces the view that the government's average in prices of 7435p for Lloyds and 5053p for RBS will ultimately act as glass ceilings," Gordon said Others point out that if the Conservatives are serious about tackling the budget deficit, selling the bank shares at a loss would not helpWhen will the government start to sell? One City institution told the Guardian yesterday it could take 18 to 24 months for a share sale to take place 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Recent Research on The Royal Bank of Scotland Group plc (RBS)
Moody's confirms Ulster Bank and its subsidiaries at A2/P-1 (Moody's Global Credit Research)- Dec 22, 2009
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Share:  But neither is and according to <span class="analyst">Ian Gordon</span>, banks analyst at Exane BNP Paribas, the Osborne policy might now serve to put a ceiling on the shares Tweet this 

But neither is and according to Ian Gordon, banks analyst at Exane BNP Paribas, the Osborne policy might now serve to put a ceiling on the shares "Weekend chatter suggesting that the Conservative party would, if elected, plan a massive [discounted] retail offering of Lloyds and RBS shares, reinforces the view that the government's average in prices of 7435p for Lloyds and 5053p for RBS will ultimately act as glass ceilings," Gordon said Others point out that if the Conservatives are serious about tackling the budget deficit, selling the bank shares at a loss would not helpWhen will the government start to sell? One City institution told the Guardian yesterday it could take 18 to 24 months for a share sale to take place 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  But neither is and according to <span class="analyst">Ian Gordon</span>, banks analyst at Exane BNP Paribas, the Osborne policy might now serve to put a ceiling on the shares Tweet this 

Barchart US Morning Call (Inside Futures) - Feb 22, 2010

Inditex SA, the world's largest clothing retailer, slid 23% after it was downgraded to "neutral" from "outperform" at Exane, which said analyst earnings estimates "look too optimistic" 
 
Recent Research on Industria de Diseno Textil SA (ITX)
Q3 2009 Inditex Earnings Presentation (Thomson Street Events)- Dec 10, 2009
Inditex 1H2009 Results Webcast call (Thomson Street Events)- Sep 16, 2009
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Share:  Inditex SA, the world's largest clothing retailer, slid 23% after it was downgraded to "neutral" from "outperform" at Exane, which said analyst earnings estimates "look too optimistic" Tweet this 

Can Lloyds and RBS come off the critical list? (Telegraph - Business) - Feb 20, 2010

That is despite RBS's core capital ratio standing at 117pc – "necessarily so in order to absorb anticipated losses" Exane BNP's Ian Gordon said – and Lloyds at 86pc After RBS's results last year, the bank's shares were trading at 232p They have since recovered to 345p but are still far short of the state's average in price of 5053p Hester has said RBS's recovery will take five years and, even after the fair tailwind of 2009, the process will be a marathon rather than a sprint 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  That is despite <span class="company">RBS</span>'s core capital ratio standing at 117pc – "necessarily so in order to absorb anticipated losses" Exane BNP's <span class="analyst">Ian Gordon</span> said – and Lloyds at 86pc Tweet this 

That is despite RBS's core capital ratio standing at 117pc – "necessarily so in order to absorb anticipated losses" Exane BNP's Ian Gordon said – and Lloyds at 86pc 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  That is despite RBS's core capital ratio standing at 117pc – "necessarily so in order to absorb anticipated losses" Exane BNP's <span class="analyst">Ian Gordon</span> said – and <span class="company">Lloyds</span> at 86pc Tweet this 

Markets: Man Group leads FTSE higher (Scotsman.com - Business) - Feb 17, 2010

The midcap FTSE 250 index jumped 15365 points, or 17 per cent, to 932992p Banks continued to rally on reinvigorated sentiment delivered by strong results from Barclays on Tuesday Ian Gordon at Exane BNP Paribas said Barclays' results had prompted a "material" upgrades for 2010 and 2011, but maintained an "underperform" rating, arguing that shares in rival banks have more scope to rally this year 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  <span class="analyst">Ian Gordon</span> at Exane BNP Paribas said <span class="company">Barclays</span>' results had prompted a "material" upgrades for 2010 and 2011, but maintained an "underperform" rating, arguing that shares in rival banks have more scope to rally this year Tweet this 

Barclays cuts back bankers' pay in bid to quell bonus fury (The Independent - Business RSS Feed) - Feb 12, 2010

Ian Gordon, a banking analyst at Exane BNP Paribas, said he was expecting profits of £114bn from Barclays, but added that the figures would probably seen as something of a "sideshow" in the City where attention is focused on what the company says about its capital requirements 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  <span class="analyst">Ian Gordon</span>, a banking analyst at Exane BNP Paribas, said he was expecting profits of £114bn from <span class="company">Barclays</span>, but added that the figures would probably seen as something of a "sideshow" in the City where attention is focused on what the company says about its capital requirements Tweet this 

London shares recover poise as miners shine (Financial Times) - Feb 08, 2010

Lloyds Banking Group missed out on a London market rally yesterday, with the stock sliding to a seven month low. Lloyds shares, down 23 per cent to 47¼p, have dropped 14 per cent in the past four sessions as traders have sold the stock in anticipation of 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Lloyds Banking Group missed out on a London market rally yesterday, with the stock sliding to a seven month low. Lloyds shares, down 23 per cent to 47¼p, have dropped 14 per cent in the past four sessions as traders have sold the stock in anticipation of Tweet this 

FTSE 100 tumbles 2.2pc to new 2010 low (Telegraph - Business) - Feb 04, 2010

Banks and mining companies led the blue chip index lower Royal Bank of Scotland (RBS) was one of the sharpest fallers as Exane BNP Paribas, which started the year with a very bullish outlook on the stock, downgraded the banking giant to "neutral" Ian Gordon, analyst at Exane BNP Paribas, pointed out that so far this year the stock has outperformed the European banks index by 30pc He advised clients to switch into other banking shares ahead of the company's full year results as he believes RBS, down 2 to 333p, is currently fairly valued "Within the UK bank sub sector we now see more material upside for Barclays, Lloyds Banking Group and Standard Chartered, with all three offering a higher chance of positive catalysts around full year results," said Mr Gordon 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  <span class="analyst">Ian Gordon</span>, analyst at Exane BNP Paribas, pointed out that so far this year the stock has outperformed the European banks index by 30pc Tweet this 

FTSE falters as all eyes turn to the Bank of England (Financial Times) - Feb 04, 2010

Only five blue chip stocks rose on Thursday as sovereign debt fears sent the FTSE 100 tumbling. Autonomywas among the few gainers with a raft of "buy" notes lifting the software maker to its highest level since the dotcom boomGoldman Sachs, Exane BNP 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Only five blue chip stocks rose on Thursday as sovereign debt fears sent the FTSE 100 tumbling. Autonomywas among the few gainers with a raft of "buy" notes lifting the software maker to its highest level since the dotcom boom Tweet this 

Only five blue chip stocks rose on Thursday as sovereign debt fears sent the FTSE 100 tumbling. Autonomywas among the few gainers with a raft of "buy" notes lifting the software maker to its highest level since the dotcom boomGoldman Sachs, Exane BNP 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Only five blue chip stocks rose on Thursday as sovereign debt fears sent the FTSE 100 tumbling. Autonomywas among the few gainers with a raft of "buy" notes lifting the software maker to its highest level since the dotcom boom Tweet this 

Only five blue chip stocks rose on Thursday as sovereign debt fears sent the FTSE 100 tumbling. Autonomywas among the few gainers with a raft of "buy" notes lifting the software maker to its highest level since the dotcom boomGoldman Sachs, Exane BNP 
Ian Gordon
Ian Gordon
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Only five blue chip stocks rose on Thursday as sovereign debt fears sent the FTSE 100 tumbling. Autonomywas among the few gainers with a raft of "buy" notes lifting the software maker to its highest level since the dotcom boom Tweet this 

Total to Halt Refining Operations at Flanders Plant (Update1) (BusinessWeek.com - Europe) - Feb 02, 2010

"It makes no sense to continue refining when there are no clients" Total, which last year said it may sell refining assets in Europe, will announce a final decision on the Flanders site near Dunkirk before the end of June, the company said in an earlier statement It stopped short of confirming a permanent shutdown after the government, which faces regional elections next month, urged the company to protect the local economy and jobs "Total missed an opportunity to sell at the peak of the cycle and now there is an absolute need for restructuring," Irene Himona, an oil and gas analyst at Exane BNP Paribas, said today by telephone "Is Dunkirk enough? 
Irene Himona
Irene Himona
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Recent Research on Total SA (FP)
TOTAL S.A. (Moody's Global Credit Research)- Nov 27, 2009
Q3 2009 Total Earnings Conference Call (Thomson Street Events)- Nov 04, 2009
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Share:  "<span class="company">Total</span> missed an opportunity to sell at the peak of the cycle and now there is an absolute need for restructuring," <span class="analyst">Irene Himona</span>, an oil and gas analyst at Exane BNP Paribas, said today by telephone Tweet this 

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