Wednesday newspaper round-up: Europe, British steel, Barclays
21st Oct 2015 07:09
(ShareCast News) - Britain's leading business group has defied government demands to downplay its campaign for the UK to remain in the European Union. In a move that will escalate tensions between the CBI and Sajid Javid, the business secretary, the group publishes a dossier today stating that most
Read moreLondon close: Footsie underperforms on weakness in commodities
19th Oct 2015 16:44
(ShareCast News) - The top flight index underperformed as commodity markets weakened on the back of soft Chinese fixed asset investment and industrial production figures. By the closing bell the Footsie was to be seen down by 25.71 points at 6,352.33. In the commodities space meanwhile, three-month
Read moreMonday newspaper round-up: Barclays, China, Dividends
19th Oct 2015 07:11
(ShareCast News) - The trial of six former Barclays bankers accused of rigging international borrowing rates is on a knife edge as barristers for half of the defendants have yet to agree fees for the case weeks before it begins. Barristers acting for Jonathan Mathew, Stylianos Contogoulas and Alex P
Read moreBank of England sets GBP2.2bn retail bank ring-fencing requirement
15th Oct 2015 09:35
(ShareCast News) - Proposals by the Bank of England would require the UK's big banks to hold up to £3.3bn of capital under new ring-fencing rules designed to make their retail operations more resilient to potential market crashes. From 1 January 2019, banks with core deposits greater than £25bn from
Read moreLondon close: Stocks close lower on UK deflation, weak Chinese trade data
13th Oct 2015 16:12
(ShareCast News) - The FTSE 100 ended down 28.90 points to 6,342.28 on Tuesday as September data showed the UK experienced deflation and China's exports and imports declined. The Office for National Statistics said the UK consumer price index fell 0.1% year-on-year last month, compared to analysts'
Read moreFTSE 100 movers: SAB surges on AB InBev agreement; Royal Mail slumps
13th Oct 2015 13:59
(ShareCast News) - London's FTSE 100 was down 1.1% by mid afternoon at 6,304.21 as uninspiring Chinese trade figures and UK inflation data weighed on investors' minds. London-listed brewer SABMiller surged after it agreed in principle to a possible £44 per share takeover offer from Belgium-based Anh
Read moreLondon midday: Equities fall as UK slips into deflation
13th Oct 2015 11:28
(ShareCast News) - The UK equities market was under the cosh as the nation unexpectedly slipped into deflation in September. The Office for National Statistics revealed the consumer price index fell 0.1% year-on-year last month, compared to analysts' estimates for a flat reading in line with August.
Read moreBarclays says search for new chief still ongoing, despite reports
13th Oct 2015 07:56
(ShareCast News) - Reports suggesting Barclays was set to name US investment banker Jes Staley as its new chief over the coming fortnight weighed on the lender's shares, prompting a reaction. The lender responded to the press speculation in the afternoon, saying in a statement that "the process of a
Read moreTuesday newspaper round-up: Barclays, Royal Dutch Shell, Santander
13th Oct 2015 06:47
(ShareCast News) - Barclays has chosen a veteran American banker as its new chief executive, signalling a dramatic shift back to its controversial investment bank. Jes Staley, 58, a former JP Morgan banker, is set to be appointed in the next two weeks, subject to regulatory approval. The appointment
Read moreSunday newspaper round-up: IMF, Anheuser-Busch InBev, Barclays
11th Oct 2015 12:26
(ShareCast News) - The International Monetary Fund concluded its annual meeting in Lima with a warning to central bankers that the world economy risks another crash unless they continue to support growth with low interest rates. The Washington-based lender of last resort said in its final communiqué
Read moreSir Gerry Grimstone said to be in talks over top Barclays role
9th Oct 2015 15:16
(ShareCast News) - Sir Gerry Grimstone, a former privatisation adviser to Margaret Thatcher, is reportedly in talks to join the board of Barclays as it prepares for a shake-up under new chairman John McFarlane. According to Sky News, the bank has approached Grimstone about becoming deputy chairman a
Read moreBroker tips: Barclays, Lloyds, Rio Tinto, Glencore, BHP Billiton
5th Oct 2015 15:56
(ShareCast News) - The FCA´s move on Friday to draw a line under the Payment Protection Insurance scandal is positive overall for the industry, with Lloyds likely to be the most favourably impacted, followed by Barclays, according to JP Morgan. Furthermore, analysts Raul Sinha and Vivek Gautam highl
Read moreJP Morgan stays at overweight on Lloyds and Barclays
5th Oct 2015 15:26
(ShareCast News) - The FCA´s move on Friday to draw a line under the Payment Protection Insurance scandal is positive overall for the industry, with Lloyds likely to be the most favourably impacted, followed by Barclays, according to JP Morgan. Furthermore, analysts Raul Sinha and Vivek Gautam highl
Read moreNomura still bullish on UK domestic banks, Barclays and Lloyds among top picks
29th Sep 2015 10:15
(ShareCast News) - Nomura remains bullish on domestic UK banks, highlighting Barclays and Lloyds Banking Group among its top five picks in the sector. It said that despite a number of headwinds facing the UK banks, they appear well positioned relative to peers in terms of capital, underlying profita
Read moreEuropean banks' dividend payouts at risk, Exane says
15th Sep 2015 16:55
(ShareCast News) - European Banks face a daunting regulatory environment that will leave the sector with an average capital shortfall of 60 basis points at the end of 2018, broker Exane BNP Paribas estimated, meaning their dividend payouts were still at risk. Nonetheless, that was expected to be the
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