Program Trading Surged Last Week On NYSE; Volume Jumps
1st Jul 2010 16:11
DOW JONES NEWSWIRES Program trading surged last week on the NYSE Euronext's (NYX) New York Stock Exchange, while total volume grew as the market reacted to housing news, the Federal Reserve's interest rate meeting and the ongoing banking-overhaul legislation. The daily program trading volum
Read moreLondon afternoon: BP rises again
1st Jul 2010 14:37
Leading shares moved sideways over the lunch time session, with the Footsie staying in the red despite a surge by beleaguered oil giant BP. BP is close to emulating the 5% rise it achieved yesterday. The shares have been on a roll ever since JPMorgan Cazenove indulged in what it called "fantasy M&A
Read moreFTSE 100 movers: Investment managers decline
1st Jul 2010 13:57
Footsie remains lower with financials heading the losers. This is because of concerns of a slow-down at Barclays Capital (BarCap) investment management arm. Barclays said BarCap had seen weaker trading conditions in the past two months. Schroders and Investec are also well down on the back of this
Read moreVEB To Price $1B 10-Yr Bond At Treasuries +4.00 Area
1st Jul 2010 13:57
LONDON (Dow Jones)--Russian state development bank Vnesheconombank, or VEB, will price its new $1 billion, 10-year bond issue around 400 basis points over treasuries, a lead manager on the deal said Thursday. Barclays Capital PLC, Citigroup Inc., HSBC Group PLC and Societe Generale SA are leadi
Read moreUK Banks Cautiously Welcome EU Bonus Rules After 2009 Changes
1st Jul 2010 12:54
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. banks could gain from a new set of rules on banker bonuses being discussed by European Union governments, after the country unilaterally applied stricter rules on pay last year, people familiar with the situation said Thurs
Read moreLondon midday:Stocks pare losses
1st Jul 2010 12:11
Leading shares finished the morning session well above their low levels though the Footsie remained in arrears on lingering fears about a slowdown in economic growth in China and concerns over Spain's sovereign debt after ratings agency Moody's said it was considering lowering its rating by a notch
Read moreUPDATE: Barcap Aims For Slice Of Swiss Franc Bond Market
1st Jul 2010 11:52
(Adds detail) By Katharina Bart Of DOW JONES NEWSWIRES ZURICH (Dow Jones)--Barclays PLC (BCS) said Thursday it will widen operations in Switzerland with several new hires to begin underwriting and trading Swiss franc bonds from Zurich, part of a move to bolster investment-banking service
Read moreMARKET TALK: Royal Bank of Scotland Cuts Barclays Target
1st Jul 2010 09:19
0819 GMT [Dow Jones] Royal Bank of Scotland lowers Barclays (BARC.LN) target to 410p from 420p to reflect EPS cuts. Cuts '10 EPS forecast by 26% to 24.6p, '11 by 11% to 39.3p. Aside from the cyclical weakness in BarCap and the group's Spanish operations, the forecasts also capture the UK bank levy,
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
1st Jul 2010 09:19
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0819 GMT [Dow Jones] Royal Bank of Scotland lowers Barclays (BARC.LN) target to 410p from 420p to reflect EPS cuts. Cuts
Read moreLondon open: Stocks deep in the red
1st Jul 2010 08:58
London's top stocks have started with hefty losses as sentiment was hit by a weak manufacturing report in China and warning by Moody's Investors Service that it may cut Spain's credit rating. Asian stocks were hit after China's purchasing managers' index fell to 52.1 in June from 53.9 a month earli
Read moreBarclays Capital To Begin Underwriting Swiss Franc Bonds
1st Jul 2010 08:42
ZURICH (Dow Jones)--Barclays PLC (BCS) said Thursday it will widen its offering in Switzerland with several new hires to begin underwriting and trading Swiss franc bonds from Zurich. The move is part of an effort to snatch market share from Swiss banks UBS AG (UBS) and Credit Suisse Group (CS) a
Read moreBarclays, SMBC Form Venture To Tap Wealthy Japanese
1st Jul 2010 07:36
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Barclays PLC (BCS) Thursday said it will look to sell private banking products and services to wealthy Japanese under a new joint venture with Sumitomo Mitsui Financial Group Inc. (8316.TO), giving it a foothold in a market that is
Read moreBarclays: Private Banking Joint Venture In Japan
1st Jul 2010 07:18
LONDON (Dow Jones)--Barclays PLC (BARC.LN) said Thursday Barclays Bank PLC inked a joint venture agreement with Sumitomo Mitsui Banking Corp. and Nikko Cordial Securities Inc., a unit of Sumitomo Mitsui, to provide wealth management services to high net worth individuals in Japan. MAIN FACTS:
Read moreBarclays agrees Japanese joint venture
1st Jul 2010 07:13
Barclays has signed a joint venture agreement with Sumitomo Mitsui Banking Corporation (SMBC) and Nikko Cordial Securities, a wholly-owned subsidiary of SMBC, to provide wealth management services to high net worth individuals in Japan. The joint venture, which has been set up as 'SMBC Barclays W
Read moreThursday's tips round-up: Hunting, Astra, Barclays
1st Jul 2010 06:51
Hunting's broad global spread should insulate it against turbulence related to the crisis in the Gulf. And despite a multiple of 26 times 2010 forecasts, the shares are off 33 per cent since their March peak. The market is arguably over-emphasising Hunting's risk from the Gulf and overlooking improv
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