Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com0937 GMT As many have predicted, a rapid drop in the ruble value, double-digit inflation and rising unemployment will trouble the Russian banking sector. According to the National Credit History Bureau, the delinquency ratio, which reflects the speed of overdue debt growth, rose to 6.5% as of April 1, up from 5.6% as of January 1. The 0.9 percentage point growth is the highest since the bureau started tracking past-due debt in 2010. Russian banks are seen posting 2015 net profit close to zero as they will have to channel money into reserve funds to hedge against defaults.(andrey.ostroukh@wsj.com)
0833 GMT [Dow Jones]--N+1 Singer lifts its target price on BTG to 770p from 759p ahead of the healthcare company's results next week. Says BTG's update in early April suggested FY '15 sales were slightly higher than the top of the range estimates of around GBP355M to GBP360M. N+1 Singer maintains its hold rating. Shares climb 0.9% to 753p. (jana.simmons@wsj.com)
0739 GMT [Dow Jones]--London's FTSE 100 index trades 0.5% higher at 6967.30, ahead of U.K. unemployment numbers and the Bank of England's quarterly Inflation Report. Mondi is the biggest gainer, up close to 8% after the packaging company said first-quarter underlying operating profit rose as a result of lower input costs. Barratt Developments is the second biggest gainer, up 2.8%. It said it expects housing completions for the full year to be ahead of previous guidance. At the other end of the spectrum, Compass Group is the biggest loser on the FTSE 100, down 3.2%. The catering firm reaffirmed its full-year expectations after posting half-year earnings growth and raising its dividend. Investors, though, appear to have been looking for more. (josie.cox@wsj.com)
(END) Dow Jones Newswires
May 13, 2015 05:37 ET (09:37 GMT)
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