Tuesday preview: China rate decision, Barclays in focus
19th Feb 2024 16:10
(Sharecast News) - Investors' focus on Tuesday will be on the People's Bank of China's interest rate decision overnight.
Read moreSunday newspaper round-up: Currys, Barclays, Homebuilders
18th Feb 2024 23:26
(Sharecast News) - China's JD.com has been looking at a possible acquisition offer for Currys. Just the day before the electricals retailer had rebuffed an approach by private equity. Exploratory talks between Currys and JD had been held over the preceding weeks. Additional bidders may appear. It was understood that Currys had been contacted by multiple private equity firms on an informal basis over recent months after it was forced to cut its dividend payout. It was but the latest example of a British business being taken out and for some showed that British businesses were being chronically undervalued. - Sunday Telegraph
Read moreBarclays eyes SocGen's UK private bank - report
15th Feb 2024 07:24
(Sharecast News) - Barclays is considering bidding for Societe Generale's UK private bank, it was reported on Thursday.
Read moreLondon close: Stocks turn sour in afternoon trading
9th Feb 2024 15:15
(Sharecast News) - London's markets turned lower on Friday afternoon, concluding a volatile week on a negative note.
Read moreBarclays adds scale, income and profits with Tesco Bank deal, says Shore Capital
9th Feb 2024 08:11
(Sharecast News) - Shore Capital has reiterated a 'buy' recommendation on Barclays after its deal to takeover Tesco Personal Finance for £600m, saying that the stock should double from current levels.
Read moreTesco sells banking unit to Barclays for £600m
9th Feb 2024 07:03
(Sharecast News) - UK supermarket giant Tesco has sold its most of its retail banking business to Barclays for £600m, the two companies said on Friday.
Read moreSunday newspaper round-up: Asda, Barclays, McLaren
4th Feb 2024 11:12
(Sharecast News) - Zuber Issa, one of the two billionaire brothers at the helm of Asda, has been sounding out potential buyers for his 22.5% stake in the grocer. Instead, Zuber wishes to focus on EG Group, their petrol station empire. Meanwhile, Asda's next phase may include a bid for Boots. According to City sources, it was also possible that Zuber might use the funds raised through a sale to fund the purchase of his brother's stake in EG Group. - The Sunday Telegraph
Read moreDirector dealings: Barclays chair invests, York Holdings settles LSEG call options
7th Dec 2023 16:55
(Sharecast News) - Nigel Higgins, the group chairman of Barclays, was on the buying side of the ledger on Thursday.
Read moreLondon close: Stocks mixed as investors mull fresh data
5th Dec 2023 15:26
(Sharecast News) - London's financial markets finished with a mixed performance on Tuesday as investors considered key economic data and developments from both sides of the Atlantic.
Read moreQatar almost halves stake in Barclays
5th Dec 2023 08:01
(Sharecast News) - Banking giant Barclays was in the red early on Tuesday after its largest shareholder made moves to offload roughly £510.0m in shares.
Read moreLloyds to shut 45 branches
30th Nov 2023 09:57
(Sharecast News) - Lloyds Banking Group is to shut another 45 branches, it was confirmed on Thursday, as lenders continue to downsize their estates.
Read moreLondon close: Stocks slip after mountain of broker notes
28th Nov 2023 15:30
(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.
Read moreBarclays considers dropping thousands of investment banking clients - report
28th Nov 2023 07:56
(Sharecast News) - Barclays is reportedly exploring a plan to drop thousands of clients at its investment bank as part of a strategic overhaul that is meant to boost profits and cut £1bn of costs.
Read moreBarclays in talks to acquire mortgage portfolio from Metro Bank
27th Nov 2023 13:44
(Sharecast News) - Banking giant Barclays has entered exclusive talks to acquire a large portfolio of residential mortgages from high street lender Metro Bank as it seeks approval for a wider refinancing aimed at saving it from collapse.
Read moreLondon close: Stocks mixed on quiet Friday
24th Nov 2023 15:03
(Sharecast News) - Market performance showed a mixed trend in London today, with movements relatively subdued after the Thanksgiving holiday across the pond.
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