Investors nervous about outlook amid UK election and Greek talks Leading shares ended the day lower despite a positive start, with Tesco hit by its worse than expected £6.4bn loss and renewed talk of interest rate rises in both the UK and US.Among the fallers Standard Chartered lost 16p to £10.49 after Credit Suisse issued a downbeat note, cutting its price target from 880p to 850p. It said:Ahead of the interim management statement [on 28 April] we have cut 2015/2016/2017 estimated underling earnings between 9-15%... The company is now prioritising building capital by holding back growth, but we think that gives up future earnings. The risk/reward still looks unattractive, and we remain underperform as we expect new management to significantly restructure the balance sheet and capital. Continue reading...
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