Barclays looking to save up to £1bn; 2,000 jobs at risk - report
24th Nov 2023 08:41
(Sharecast News) - Barclays is reportedly working on plans to save as much as £1bn, which could result in as many as 2,000 job losses, mainly in the bank's back office.
Read moreBarclays exploring acquisition of Tesco Bank - report
17th Nov 2023 15:18
(Sharecast News) - Barclays has reportedly been exploring a potential acquisition of Tesco's banking operations.
Read moreSunday newspaper round-up: Tax fraud scandal, Royal Mail, Metro Bank
12th Nov 2023 20:09
(Sharecast News) - More claims against banks and individuals operating in the City linked to the so-called Cum-Ex case are likely. The tax fraud scandal - Europe's largest ever - is estimated to have cost German taxpayers alone almost £10bn. Among the lenders being investigated are Barclays, Bank of America Merrill Lynch, Morgan Stanley, BNP and Nomura, together with law firms and auditors. Last week, the Supreme Court ruled that Danish authorities could pursue an alleged £1.4bn Cum-Ex fraud in London. The decision may open the floodgates to to claims from regulators in other European countries. - Financial Mail on Sunday
Read moreBarclays beats Q3 profit forecasts but cuts NIM guidance
24th Oct 2023 07:28
(Sharecast News) - Third-quarter headline profits at Barclays may have comfortably beaten analysts' forecasts, but the bank disappointed the market on Tuesday with a cut to its guidance for UK net interest margin (NIM), a key measure of profitability in retail banking.
Read moreLondon close: Stocks mixed as US inflation comes in slightly hot
12th Oct 2023 16:02
(Sharecast News) - London markets ended with a mixed outcome on Thursday, as investors digested a fresh inflation reading out of the US, as well as a slight uptick in the UK economy.
Read moreFormer Barclays boss Jes Staley banned over Epstein scandal
12th Oct 2023 11:51
(Sharecast News) - The former chief executive of Barclays has been banned and fined nearly £2m by the City watchdog over his relationship with disgraced financier Jeffrey Epstein.
Read moreLondon close: Stocks finish higher on dovish Fed rhetoric
10th Oct 2023 16:34
(Sharecast News) - London markets enjoyed a buoyant session on Tuesday, closing with substantial gains after dovish comments from US Federal Reserve officials overnight signalled a potential pause to interest rate hikes.
Read moreLondon close: Stocks mixed on global economic jitters
26th Sep 2023 16:47
(Sharecast News) - Stocks in London ended Tuesday on a varied note, reflecting global apprehensions around the Chinese economy and rising interest rates, while the shadow of a US credit warning from Moody's loomed large.
Read moreBarclays to cut more than 450 jobs, says Unite
12th Sep 2023 13:47
(Sharecast News) - Barclays is cutting more than 450 jobs, the Unite union announced on Tuesday.
Read moreBarclays reportedly looking for investors in UK merchant payments arm
4th Sep 2023 14:32
(Sharecast News) - Barclays is looking for buyers to invest in its merchant acquiring unit in the UK, according to reports.
Read moreUK banking stocks are undervalued, says Shore Capital
18th Aug 2023 10:22
(Sharecast News) - Shore Capital has reiterated its 'buy' ratings on six UK-listed banking stocks, saying the market is currently pricing in a "far worse outlook".
Read moreFTSE 100 movers: Commodity stocks rise, Hiscox sinks
9th Aug 2023 16:16
(Sharecast News) - Mining stocks were up across the board on Wednesday, clawing back losses after a poor showing the previous session as weak economic data from China fuelled concerns over demand.
Read moreBerenberg stays at 'buy' on Barclays, trims target price
28th Jul 2023 12:14
(Sharecast News) - Analysts at Berenberg stood by their 'buy' recommendation on shares of Barclays.
Read moreBarclays H1 profits surge to £4.5bn but bad loan charges rise
27th Jul 2023 07:02
(Sharecast News) - Barclays became the second bank to post surging profits on the back of higher interest rates and lift its provisions for bad loans.
Read moreUK bank pass annual stress tests, says BoE
12th Jul 2023 07:21
(Sharecast News) - Eight major UK banks have passed annual capital stress tests and were well positioned to support households and businesses through a period of rising interest rates, the Bank of England said on Wednesday.
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