Barclays to sell bullion vault to China's ICBC
16th May 2016 10:15
(ShareCast News) - Barclays has agreed to sell its London precious metals storage business to China's ICBC Standard Bank. The Industrial and Commercial Bank of China, which last week joined the prestigious London clearing system for gold, silver, platinum and palladium, is buying Barclays' vaults wi
Read moreSunday newspaper round-up: RBS, Shell, Cobham, BT, banks
15th May 2016 17:01
(ShareCast News) - Royal Bank of Scotland is examining a range of radical options to help speed the long-delayed separation and flotation of its Williams & Glyn subsidiary, including a potential divestment of its NatWest brand. Banking sources have indicated to the Sunday Telegraph that RBS and its
Read moreLondon pre-open: Stocks seen higher amid raft of earnings
5th May 2016 07:36
(ShareCast News) - London stocks were expected open higher on Thursday following declines in the previous session. The FTSE 100 was seen opening 18 points higher than Wednesday's close at 6,130. On the data front, UK services PMI is at 0930 BST while US initial jobless claims are at 1330 BST. "Giv
Read moreBarclays sells Barclays Africa stake down to 50.1 percent
5th May 2016 07:17
(ShareCast News) - Barclays has sold down its stake in its African subsidiary to 50.1% after a placing in South Africa with institutional investors at a price of 126 rand (584p) that valued the shares at 13.05bn rand (£603m). Confirming an announcement from late on Wednesday, Barclays' investment ba
Read moreWednesday newspaper round-up: Barclays, challenger banks, China data
4th May 2016 06:54
(ShareCast News) - The Government has taken the rare move of fast-tracking a full investigation into BHS's former directors as Sir Philip Green yesterday agreed to appear before MPs in return for saving his wife's blushes. Business Secretary Sajid Javid has taken the unusual step of accelerating an
Read moreTuesday newspaper round-up: Data leaks, UK confidence, Barclays, BT
3rd May 2016 06:33
(ShareCast News) - US investors may be profiting from leaked economic data releases that allow them to front-run market-moving news, according to a research paper published by the European Central Bank. Macroeconomic news announcements can move markets, as traders watch for indications about how the
Read moreSunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham
1st May 2016 18:03
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read moreThursday newspaper share tips: Barclays, Henderson Group
28th Apr 2016 17:39
(ShareCast News) - The only positive in Barclays´s latest set of results was the absence of any new misconduct allegations, which means its shares may get cheaper still, The Times´s Tempus argued. Profits improved, but only once you exclude all the awkward bits of the business the lender wants to hi
Read moreBarclays in talks to sell French business to AnaCap
27th Apr 2016 08:38
(ShareCast News) - Barclays has agreed to hold exclusive negotiations to dispose of its French retail banking and wealth businesses, according to European private equity group AnaCap Financial Partners. AnaCap said it has begun talks about a deal that would see Barclays continuing to operate its cor
Read moreLondon pre-open: Stocks seen touch lower as eyes turn to Fed
27th Apr 2016 07:26
(ShareCast News) - London stocks were expected to open a little lower on Wednesday following a lacklustre session on Wall Street and losses in Asia, as investors digested disappointed earnings from tech giant Apple and looked to the Federal Reserve rate announcement. The FTSE 100 was seen starting s
Read moreNon-core activities still dragging the chain at Barclays
27th Apr 2016 07:09
(ShareCast News) - Barclays reported a dip in profit in its first quarter on Wednesday, with group profit before tax at £793m in the three months to 31 March, down from £1.06bn a year earlier. The FTSE 100 banking group said this reflected an 18% increase in core profit before tax to £1.6bn, though
Read moreSector movers: Banks and homebuilders lead gains
26th Apr 2016 15:19
(ShareCast News) - Banks and real estate and property stocks rode to the top of the leaderboard on the heels of well-received quarterly earnings from StanChart and a perception that Brexit risks were fading, although analysts and market commentary were cautious on both counts. For the first quarter
Read moreSunday newspaper round-up: Barclays, Battersea, Retailers
24th Apr 2016 11:25
(ShareCast News) - Barclays has come under attack from top investors over its plummeting share price and "confusing" turnaround plans. Britain's second-biggest bank by assets is braced for an onslaught at this week's annual meeting, with shareholders set to vent their spleen over its dire performanc
Read moreSector movers: Basic resource, bank stocks surge
13th Apr 2016 19:58
(ShareCast News) - A surge in basic resources and bank shares gave equity benchmarks around the world a leg up on Wednesday, following data out of the People's Republic of China which showed exports rising at their fastest pace in over a year. The DJ Stoxx 600 gauge of basic resource sector shares l
Read moreThursday newspaper round-up: Cameron, Tata, Petrofac
7th Apr 2016 07:13
(ShareCast News) - David Cameron personally intervened in 2013 to weaken an EU drive to reveal the beneficiaries of trusts, creating a possible loophole that other European nations warned could be exploited by tax evaders. The disclosure of the prime minister's resistance to opening up trusts to ful
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