Barclays sells Italian branches to CheBanca!
3rd Dec 2015 07:07
(ShareCast News) - Barclays has announced it will sell its Italian retail banking network to CheBanca!, a member of the Mediobanca Group. The FTSE 100 bank announced the deal on Thursday, which comprises of 89 branches and a broadly balanced portfolio of assets and liabilities. It will continue
Read moreFTSE 100 movers: Banks lead the charge after stress test results
1st Dec 2015 14:15
(ShareCast News) - The FTSE 100 was in the black on Tuesday, sitting at 6,379.33, up 23.24 points (0.37%) by mid-afternoon. The biggest risers came from the banking sector after all seven of Britain's largest banks passed stress tests by the Bank of England, with Governor Mark Carney assuring that n
Read moreAll seven UK banks pass BoE stress tests
1st Dec 2015 07:06
(ShareCast News) - All seven of Britain's largest banks have passed stress tests by the Bank of England, with Governor Mark Carney assuring that no new wave of higher capital requirements was incoming. Investors took confidence from Carney's affirmation that banks would need to hold Tier 1 equity of
Read moreSector movers: Utilities downgraded, banks hit by FSB capital rules
9th Nov 2015 16:05
(ShareCast News) - The utilities sector was the worst performer on Monday, with banks starting well but losing ground and fund managers well bought. Banks got off to a good start early in the session, with Barclays, RBS, HSBC and Standard Chartered all powering higher as, following last week's robus
Read moreFTSE 100 movers: Financial companies' rises offset IHG and utility falls
9th Nov 2015 14:10
(ShareCast News) - The FTSE 100 started the day on a high but slowly started to sink into the red, with the market down 4.22 (0.07%) by mid-afternoon to 6,349.61 despite a strong performance from financials. Aberdeen Asset Management, Standard Chartered, Barclays and HSBC were all boosted by the ri
Read moreBarclays appoints Standard Life's Gerry Grimstone as deputy chairman
9th Nov 2015 14:01
(ShareCast News) - Barclays said Standard Life chairman Sir Gerry Grimstone will succeed Sir Michael Rake as senior independent director and deputy chairman with effect from January next year. Rake, who announced in July that he was leaving the bank to become chairman of payments processor Worldpay,
Read moreNew Barclays chief backs bank to the tune of GBP6.5m
5th Nov 2015 15:34
(ShareCast News) - A month before starting his new job, Jes Staley is already stumping up his own cash to back his new employer Barclays. The chief executive-designate purchased 2.79m shares at a total cost of £6.5m. The former JP Morgan investment banking head was appointed to lead the company lat
Read moreBroker tips: Barclays, Cineworld, BT Group
30th Oct 2015 12:01
(ShareCast News) - Analysts at Goldman Sachs lowered their target price for shares of Barclays after the group guided to above consensus on costs, but gave short shrift to concerns about the now lower target from the lender for return-on -equity. The banking group lowered its target for return-on-eq
Read moreGoldman Sachs trims Barclays target price, keeps at 'conviction buy'
30th Oct 2015 10:40
(ShareCast News) - Analysts at Goldman Sachs lowered their target price for shares of Barclays after the group guided to above consensus on costs, but gave short shrift to concerns about the now lower target from the lender for return-on -equity. The group lowered its target for return-on-equity to
Read moreFriday broker round-up
30th Oct 2015 10:19
(ShareCast News) - Barclays: Goldman Sachs reiterates to buy. Target price: 335.00p. Bt Group: Citigroup reiterates to neutral. Target price: 485.00p. Smith & Nephew: Credit Suisse reiterates to neutral, cuts target price to 1105.00p. Henderson Group: Citigroup reiterates to buy, keeps target pric
Read moreBarclays third-quarter profit declines on settlement costs
29th Oct 2015 07:46
(ShareCast News) - Barclays posted a drop in third-quarter pre-tax profit as the cost of claims settlements weighed on results and revenues fell. Third-quarter adjusted pre-tax profit slid to £1.43bn from £1.59bn in the same period last year, missing the average forecast of £1.65bn from analysts pol
Read moreLondon pre-open: FTSE to open down a touch as investors digest FOMC statement
29th Oct 2015 07:35
(ShareCast News) - London stocks are expected to open a little lower on Thursday as investors digest the Federal Reserve's latest rate announcement and accompanying statement. The FTSE 100 is called to open down five points from Wednesday's close at 6,433. "In September the Fed gave us a dovish hol
Read moreBarclays confirms appointment of new CEO Jes Staley
28th Oct 2015 07:48
(ShareCast News) - Barclays confirmed the appointment of former JP Morgan investment banking head Jes Staley as its new chief executive, replacing Anthony Jenkins almost four months after his forced departure. Boston, Massachusetts-born Staley worked for more than three decades at JP Morgan, beginni
Read more"Technical difficulties" hit Barlcays customers
25th Oct 2015 12:00
(ShareCast News) - Barclays was experiencing technical difficulties over the weekend, the company said on Twitter. The issues, which were affecting "some services" are being "investigated urgently", it told customers. Its banking apps and online banking services were "running smoothly", the lender
Read moreUK bank sector lacking competition but CMA report falls short of major changes
22nd Oct 2015 07:51
(ShareCast News) - Consumers and small businesses are still suffering from a lack of competition in the UK banking sector, competition authorities said in a report on Thursday that called for banks to retain free bank accounts and making proposals to force banks to help customers to shop around for
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