Michael Rake to leave Barclays for Worldpay
15th Jul 2015 16:46
(ShareCast News) - Payments processing company Worldpay said on Wednesday that Michael Rake, who is currently deputy chairman of Barclays, will leave the bank to become its chairman in September, subject to regulatory approval. Earlier, Barclays responded to media speculation regarding Drake's posit
Read moreBarclays says deputy chairman Rake will stay on until end 2015 at least
15th Jul 2015 10:18
(ShareCast News) - In response to earlier media speculation regarding Sir Michael Drake's position, Barclays said on Wednesday that he intends to stay on in his roles as deputy chairman and senior independent director and be a member of the board until at least the end of 2015. "If and when he stand
Read moreApple Pay debuts in UK
14th Jul 2015 13:35
(ShareCast News) - Apple introduced its Apple Pay app in the UK on Tuesday, after the company unveiled in June its plans to launch the service in the country this summer. The new service allows users to pay at more than 250,000 businesses including Tube stations, coffee shops, supermarkets and trave
Read moreFTSE 100 movers: Upgrade gives IAG wings, but ARM bent by downgrade
13th Jul 2015 15:24
(ShareCast News) - London's top-flight index was in the black on Monday as investors welcomed a long-awaited bailout agreement between Greece and its creditors, with the blue chip index up 0.87% to 6,731.30 by the close. International Consolidated Airlines Group was the standout gainer after Swiss b
Read moreFriday share tips: Barclays, Hays
10th Jul 2015 18:35
(ShareCast News) - If Barclays wants to light a fire under its shares it needs to fix its capital position and repair its investment bank. The latter is the common denominator between outgoing chief Antony Jenkins and the ex-bosses at Credit Suisse, Deutsche Bank and Standard Chartered. The investme
Read moreFriday broker round-up
10th Jul 2015 14:03
(ShareCast News) - Anglo American: Citi upgrades to neutral. Ashmore: Jefferies reiterates buy but shaves target price to 373.5p, Cannacord reiterates hold. Aviva: Barclays reiterates neutral stance and nudges target to 637p from 632p, Berenberg keeps at sell. BaE Systems: Berenberg upgrades to bu
Read moreThursday share tips: Barclays, Bwin.party
9th Jul 2015 17:57
Barclays chairman John Mcfarlane has decided Antony Jenkins's time is up. That is somewhat surprising. Jenkins has successfully begun the slow process of rebuilding the lender's reputation. Nevertheless, at 70% the bank's cost-to-income ratio is still too high. In parallel, its return on equity - ev
Read moreThursday broker round-up
9th Jul 2015 16:22
Ashmore: RBC keeps at underperform. Aggreko: Exane reiterates underperform recommendation and 1,250p target. Anglo American: Investec stays at hold on the miner's South African-listed shares. Associated British Foods: Credit Suisse stays at outperform and sets a target price of 3,250p. Barclays:
Read moreBarclays said to be in talks to sell retail operations in Italy and Portugal
9th Jul 2015 12:20
Barclays is reportedly in talks with potential buyers of its retail operations in Italy and Portugal as part of an asset disposal programme which the bank's next chief executive will be under pressure to accelerate after Antony Jenkins was ousted on Wednesday. According to Sky News, Barclays has iss
Read moreUK Chancellor George Osborne to cut bank levy
8th Jul 2015 13:04
In the first Conservative Budget since 1996, Chancellor George Osborne announced that the bank levy rate will be gradually reduced over the next six years and a new 8% surcharge on bank profits will be introduced from January 2016. After that, Osborne said he will ensure the levy no longer applies t
Read moreLondon midday: FTSE bounces despite China sell-off and Greek uncertainty
8th Jul 2015 11:23
UK stocks advanced on Wednesday in spite of a sell-off in China overnight and ongoing uncertainties surrounding Greece, as markets bounced back after falling to their lowest in nearly six months. The FTSE 100 was up 0.7% at 6,477.14 by midday, after settling at 6,432.21 on Tuesday, its lowest since
Read moreLondon open: Stocks rise ahead of budget, but China and Greece a concern
8th Jul 2015 09:12
London stocks bounced slightly on Wednesday after settling at their lowest in nearly six months, though gains were modest as investors focused on a sell-off in China overnight, the upcoming UK budget and news flow on Greece. The FTSE 100 was up 0.38% at 6,456.90 early on, after settling at 6,432.21
Read moreLondon pre-open: Higher open expected ahead of UK budget
8th Jul 2015 07:35
UK stocks are expected to open higher on Wednesday after dropping to their lowest level in six months as investors await further news on Greece and the chancellor's budget statement. City sources predict the FTSE 100 will open 46 points higher than Tuesday's close of 6,432.21, the lowest close 16 Ja
Read moreBarclays gains as CEO Jenkins steps down, bank looks for "new set of skills"
8th Jul 2015 07:14
Barclays was on the front foot after the bank announced the departure of its chief executive, Antony Jenkins, saying that "a change in leadership is required" and the search for his successor is underway. Chairman John McFarlane will become executive chairman pending the appointment of a new chief e
Read moreBrazil probes 15 banks over alleged exchange-rate manipulation
3rd Jul 2015 14:16
Banking stocks fell on Friday after Brazil's antitrust agency accused 15 banks of rigging the Brazilian currency. CADE is investigating banks such as HSBC, Barclays, Deutsche Bank and Standard Chartered over suspicions they worked together to manipulate the exchange rate of the real, deterring compe
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