MARKET 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
Read moreSTREET MOVES: Barclays Adds Managing Director In Brazil
30th Jun 2010 19:15
By Kejal Vyas Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Barclays Capital, a unit of Barclays PLC (BCS, BARC.LN), has hired a former Goldman Sachs Group Inc. (GS) managing director for its investment-banking division in Sao Paulo as the company looks to expand its reach in the growing Braz
Read moreABS Issuance Perks Up Ahead Of Quarter's End
30th Jun 2010 18:26
By Prabha Natarajan Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--A handful of asset-backed securities backed by loans to consumers hit the market this week, as banks try to clear their books ahead of quarter's end. More than $5.326 billion of such deals were announced and are expected to
Read moreSMFG, Barclays Teaming In Wealth Management Services -Nikkei
30th Jun 2010 18:20
TOKYO (Nikkei)--Sumitomo Mitsui Financial Group Inc. (8316.TO) and U.K. giant Barclays PLC (BCS, BARC.LN) will launch a private wealth management joint venture here Thursday that will target individuals with at least Y500 million to invest, The Nikkei reports in its Thursday morning edition. SMF
Read moreHigh-Grade Issuers Brave A Jittery Corporate Bond Market
30th Jun 2010 17:35
By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Disappointing private-sector U.S. jobs data and Chicago Fed President Charles Evans' warning that economic recovery will be slow were not enough to deter high-grade corporate borrowers from the capital markets Wednesday. Three ho
Read moreUPDATE: Barclays Saw Slowdown In Invest Bank Activities In 2Q
30th Jun 2010 16:14
(Adds comment from finance director and detail.) By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Barclays PLC (BCS) Finance Director Chris Lucas said Wednesday that the U.K. bank saw a slowdown in investment banking activities in May and June, although overall trends for
Read moreBarclays confirms investment banking dip
30th Jun 2010 15:58
Barclays' finance chief today confirmed that conditions in investment banking have been "softer" during the past two months and falling real estate prices have hit Barclays Corporate in Spain. At an investor seminar today, Chris Lucas said the trends underlying the bank's performance in the second
Read moreLondon close: Flat finish
30th Jun 2010 15:56
A jumpy start on Wall Street did nothing to steady a volatile Footsie, but despite all the fluctuations the leading index finished hardly changed on the day. London lost 272 points in June, the third monthly decline in a row, and traded a range of well over 400 points. Miners ENRC, Kazakhmys and A
Read more