Barclays interims impress but dividend flat as McFarlane targets accelerated change
29th Jul 2015 08:48
(ShareCast News) - Barclays first half results showed an strong increase in profits as it set aside a further £1.6bn provision for further litigation and mis-selling after paying the same amount in the period. Newly bestowed with an executive role as chairman, John McFarlane highlighted his pleasure
Read moreLondon pre-open: Subdued start expected ahead of Fed Meeting
29th Jul 2015 07:41
(ShareCast News) - Investors were expected to remain on the sidelines ahead of the conclusion of the US central bank's policy deliberations on Wednesday evening and post-meeting statement. According to the minutes of April's Federal Open Market Committee policy meeting, "most participants" have a bi
Read moreTuesday newspaper round-up: London property, Britain, Eurozone
28th Jul 2015 06:48
(ShareCast News) - David Cameron will promise today to unmask the corrupt offshore companies that are buying up luxury London properties using "plundered and laundered cash". In a vow to stop Britain from becoming a haven for "dirty money", the prime minister will disclose plans to shine a light on
Read moreLondon close: Losses in tech space, commodity weakness weigh on Footsie
22nd Jul 2015 18:21
(ShareCast News) - Weak guidance and earnings from global tech giants Apple and Microsoft together with renewed heavy falls in the commodity space dragged on the top flight index. The FTSE 100 skidded lower by a hefty 1.5% or 101.73 points to reach 6,667.34, while the FTSE 250 ended the session down
Read moreTuesday newspaper round-up: Bank of England, Capital buffers, Bank regulation
21st Jul 2015 07:54
(ShareCast News) - The Bank of England will be made to show that it is providing taxpayers with value for money under reforms unveiled today by George Osborne. Mark Carney, the governor, has agreed to open the Bank's books to the National Audit Office (NAO), bringing it into line with government dep
Read moreLondon close: Losses in commodities keep a lid on Footsie
20th Jul 2015 18:15
(ShareCast News) - Softness in commodity markets kept a lid on equities in London, with some traders pointing out there was still margin for further downside moves in the likes of oil and gold, as investors monitored events in Greece. In the afternoon the International Monetary Fund said Greece has
Read moreLondon midday: Commodities weigh on equity gains, further gold and oil downside eyed
20th Jul 2015 12:57
(ShareCast News) - Softness in commodities markets were limiting gains on equities come midday in London, with some traders pointing out there was still margin for further downside moves in the likes of oil or gold, as investors monitored events in Greece. That followed a wave of selling in gold dur
Read moreLondon open: Global banks lead early gains, Aveva rockets
20th Jul 2015 09:53
(ShareCast News) - Risk appetite in markets was muted but positive in early trading as traders' eyes turned again towards Greece given the dearth of economic data due out on Monday. Greek banks reopened their doors and limits on cash withdrawals were relaxed slightly as the country prepared to pay b
Read moreBarclays reportedly plans to cut 30,000 jobs
20th Jul 2015 08:48
(ShareCast News) - Barclays is reportedly planning to cut more than 30,000 jobs in the next two years, just days after the bank ousted chief executive Antony Jenkins. According to sources cited by the Times on Sunday, the cuts - which are seen as the only way to address the bank's underperformance a
Read moreMonday newspaper round-up: Barclays, Greece, BAE Systems
20th Jul 2015 07:44
(ShareCast News) - Barclays is planning to cut more than 30,000 of its staff within two years as the struggling bank considers accelerating a group-wide cost-cutting programme after firing Antony Jenkins, its chief executive, this month. A radical redundancy programme that could lead to the lender's
Read moreFriday broker round-up
17th Jul 2015 16:13
(ShareCast News) - Anglo American: SocGen reiterates hold but trims target to 950p from 1090p. ARM Holdings: Investec reiterates buy and 1,140p target. Barclays: Investec downgrades to sell with 265p target. Capita: Morgan Stanley ups target to 990p from 950p and reiterates underweight. RBS: Inve
Read moreBroker tips: Barclays, ARM Holdings, GKN, Ocado, Savills
17th Jul 2015 11:50
(ShareCast News) - Investors' faith in the heir designate at Barclays may not be misplaced, quite the contrary, but in the short-term his plans for a "strategic acceleration" means earnings may be even weaker, Investec said. The analyst downgraded the bank's shares to 'sell' from 'hold' and lowered
Read moreInvestec downgrades Barclays to sell, trims target price
17th Jul 2015 11:47
(ShareCast News) - Investors' faith in the heir designate at Barclays may not be misplaced, quite the contrary, but in the short-term his plans for a "strategic acceleration" means earnings may be even weaker, Investec said. That comes after the bank's valuation recovered to 1.0 times tangible net a
Read moreBarclays insists Rake will stay on board until new CEO is found
16th Jul 2015 12:16
(ShareCast News) - Barclays has confirmed deputy chairman Michael Rake will continue to serve on the bank's board until a replacement is found, following his appointment as chairman of payment processing company Worldpay. "Barclays wishes to make clear that Sir Michael Rake will continue to serve on
Read moreThursday newspaper round-up: Capital requirements, UK, Barclays
16th Jul 2015 08:23
(ShareCast News) - Senior officials in Brussels have said that European banks could have their capital requirements slashed, only six years after a financial crisis during which lenders collapsed or needed multibillion-pound state rescues because of their lack of an adequate loss buffer. Lord Hill o
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