Barclays fined 26m pounds over gold price setting
23rd May 2014 09:05
British financial watchdogs have slapped a 26m pound fine on banking group Barclays for alleged failings linked to setting of gold prices. The Financial Conduct Authority (FCA) said in a statement that it was fining Barclays £26,033,500 "for failing to adequately manage conflicts of interest betwee
Read moreBarclays begins talks with Spanish banks about retail disposal
22nd May 2014 11:12
Barclays has begun to speak to potential suitors about the sale of its Spanish banking arm. Chief Executive Anthony Jenkins said earlier this month that he wanted to sell the bank's retail network in Spain, Italy and France within two to three years. However, according to reports in Spain, Barclay
Read moreLondon midday: China slowdown fears hit stocks, AstraZeneca sinks
19th May 2014 11:26
- AstraZeneca drops after rejecting 'final proposal' from Pfizer - Chinese housing concerns weigh on sentiment - Carney comments, Ukraine elections in focus techMARK 2,710.83 -1.26% FTSE 100 6,827.22 -0.42% FTSE 250 15,427.14 +0.19% UK stocks were firmly in the red on Monday as investors kicked of
Read moreLondon open: AstraZeneca leads markets lower as shares sink
19th May 2014 08:33
- AstraZeneca drops sharply after rejecting Pfizer offer - Banking, mining stocks fall - China property concerns weigh on sentiment techMARK 2,714.40 -1.13% FTSE 100 6,823.23 -0.48% FTSE 250 15,475.65 +0.50% UK stocks fell on Monday morning with AstraZeneca leading the decline after rejecting a fi
Read moreSunday newspaper round-up: AstraZeneca, Carney and housing, M&S
18th May 2014 10:57
Pfizer is weighing up a last-minute improvement to its indicative offer for AstraZeneca, the Sunday Times said. Pfizer is expected to increase the cash portion of its offer and could also increase the price per share before the May 26th deadline to secure a deal. It is also in talks with the Governm
Read moreThursday broker round-up UPDATE
15th May 2014 09:43
Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl
Read moreAG Barr Finance Director reduces stake, Aggreko Executive builds his
13th May 2014 15:23
The wife of Alex Short, the Finance Director of AG Barr, sold 15,000 shares in the group, thereby reducing his holding in the soft drinks group to 37,711. The 610.00p-a-share sale had a total trade value of £91,500. Meanwhile, David Taylor-Smith, an Executive Director of power solutions group Agg
Read moreCunliffe warns banking sector on new balance sheet rules
13th May 2014 11:19
Bank of England Deputy Governor Jon Cunliffe has confirmed banks will need to further adjust their balance sheets so that they will never be too big to fail. The Montery Policy and Financial Policy Committee (FPC) member said banks will soon be required to have a emergency buffer of bonds to enabl
Read moreLondon close: Miners drive FTSE higher
12th May 2014 16:59
- FTSE closes up 37.18 points - Miners rise on JPMorgan Chase - CBI ups outlook for GDP techMARK 2,794.57 +0.44% FTSE 100 6,851.75 +0.55% FTSE 250 15,981.35 +0.61% Miners lifted the FTSE firmly higher today, getting the week off to a positive start despite the latest developments in Eastern Europe
Read moreFTSE 100 movers: Miners rise on JPMorgan comments
12th May 2014 15:20
Upbeat comments from JPMorgan Chase & Co and a good performance on Chinese markets overnight gave the mining sector a boost today. The US bank upgraded its rating for the European mining sector from 'underweight' to 'overweight' on the back of falling costs and improving demand from China. Rio Ti
Read moreFormer Barclays execs to be probed over Qatar dealings
12th May 2014 15:05
Former Barclays bank executives are reportedly set to be questioned by the Serious Fraud Office (SFO) over dealings with Qatar. Ex-chief executives Bob Diamond and John Varley, along with other former senior members of management, will be grilled by the regulator, according to the Financial Times.
Read moreBroker tips: Barclays, Capita, BSkyB, Lonmin
12th May 2014 12:36
Credit Suisse lifted its price target on Barclays to 275p from 260p as a result of its revised forecasts following its group strategy update last week. The bank maintained its 'neutral' recommendation on the shares, saying that the stock "is fairly valued". Panmure Gordon has hiked its target pric
Read moreCredit Suisse lifts target on Barclays, sees lower capital requirements
12th May 2014 11:17
Credit Suisse lifted its price target on Barclays as a result of its revised forecasts following its group strategy update last week. Its analysts now anticipate lower group earnings per share for 2015 (22p versus the previous forecast of 26p) and 2016 (26p versus the previous forecast of 33p). How
Read moreMonday broker round-up UPDATE
12th May 2014 10:06
Atkins (WS): Numis upgrades from add to buy with a target price of 1650p. Barclays: Credit Suisse moves target price from 260p to 275p and retains a neutral rating. Brit: Numis initiates with a target price of 290p and a buy recommendation. British Sky Broadcasting: JP Morgan raises target price
Read moreLondon close: Barclays and ECB´s Draghi push Footsie higher
8th May 2014 16:59
- FTSE closes up 42.81 points to 6,839.25 - ECB signals possible rate action in June - MPC maintains bank rate - Barclays unveils further job cuts techMARK 2,807.39 +0.59% FTSE 100 6,839.25 +0.63% FTSE 250 15,968.51 +0.55% The City ended today's session on a positive note, buoyed by speeches from
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