FTSE 100 movers: Barclays leads banks higher on shake-up speculation
17th Apr 2014 14:07
The share price of Barclays rose strongly on Thursday amid speculation the bank could announce thousands of further job cuts in its investment banking division as part of a corporate shake-up. Barclays released a statement today which announced that it would update shareholders next month on its s
Read moreBarclays to update on group strategy, investment bank in May
17th Apr 2014 13:55
Barclays on Thursday said it will provide a group strategy update next month amid reports of further job cuts as part of the lender's restructuring. The UK lender will address institutional investors and analysts in London on May 8th. The bank's session, hosted by Chief Executive Officer Antony J
Read moreLondon midday: Markets flat as Ukraine crisis dampens risk appetite
17th Apr 2014 11:55
- Ukraine turmoil continues as clashes turn deadly - Investors cautious ahead of four-day weekend - US corporate earnings in focus - Diageo, Remy Cointreau dampen sentiment in beverage sector techMARK 2,660.88 +0.35% FTSE 100 6,581.75 -0.04% FTSE 250 15,833.37 +0.56% UK stocks were broadly flat on
Read moreBarclays boss warns of further job cuts
17th Apr 2014 10:33
Barclays Chief Executive Antony Jenkins has warned of thousands of further job cuts as part of a company shake-up. In a memo to staff obtained by Sky News, Jenkins said a review to be announced on May 8th would lay out the future of Barclays, including which of its businesses it will focus on and h
Read moreBarclays to appoint new head of remuneration committee, report says
15th Apr 2014 08:04
Barclays is set to appoint Crawford Gillies to the group's board as a Non-Executive Director and he is expected to replace John Sunderland as Chairman of the remuneration committee later this year. Gillies who holds directorships at Standard Life and Scottish Enterprise will immediately become a me
Read moreTuesday newspaper round-up: Barclays, Wheat, High-frequency trading
15th Apr 2014 06:33
In an attempt to placate shareholders' ire over the recent 10 per cent increase in its bonus pool, Barclays is to announce that it will change the head of its remunerations committee, Sir John Sunderland. He is to be replaced by Crawford Gillies, a director at Standard Life, Scottish Enterprise and
Read moreSunday newspaper round-up: Lloyds Banking, Rio Tinto, Tesco
13th Apr 2014 16:14
Lloyds Banking Group is planning to begin the sale of its TSB division in mid-May despite recent market ructions, the Sunday Telegraph said. The initial public offering would see TSB listed on the stock exchange by the end of May. Some investors are questioning the value of 1.5bn to 2bn pounds place
Read moreBarclays settles second LIBOR lawsuit in a week
11th Apr 2014 14:05
Barclays has settled its second lawsuit in a week on allegations of LIBOR rigging. The British bank has reached a settlement with Portuguese construction and property firm Domingos Da Silva Teixeira in London's Commercial Court. The Portuguese company had filed a €11.1m case against Barclays on c
Read moreFCA ponders changes to bank overdrafts
10th Apr 2014 14:20
The Financial Conduct Authority (FCA) has proposed working with the competition regulator to ensure banks' overdraft mechanisms and fees are fairer. As overdraft fees generate a third of the revenue from personal account banking in Britain, the prospect of the financial watchdog imposing changes c
Read moreLondon close: FTSE ends with decent gains
9th Apr 2014 16:59
- FTSE 100 closes up 44.92 points at 6,635.61 - Shop prices plummet as retailers fight for business - February trade data shows UK still struggling to rebalance techMARK 2,730.00 +1.20% FTSE 100 6,635.61 +0.68% FTSE 250 16,163.70 +0.93% UK stocks ended today's session with a decent finish as impro
Read moreBarclays tops UK watchdog's complaints list
9th Apr 2014 12:32
Barclays Bank faced more controversy on Wednesday as it topped a watchdog's list of the UK's most-complained about banks, but gripes about financial service companies fell overall. Retail customers launched nearly 310,000 complaints against Barclays between July and December last year, the Financia
Read moreMetro Bank founder to launch online bank Atom
9th Apr 2014 12:22
Anthony Thomson, the founder and former Chairman of Metro Bank has unveiled plans to launch Atom, the first 'truly digital' retail and business bank. The new online bank, which is due to open in 2015, will offer both consumer and business banking. Thompson, who will take on the role of Chairman,
Read moreLondon close: FTSE ends day in red as Sports Direct drags
8th Apr 2014 16:59
- FTSE closes 32.15 points lower at 6,590.69 - Feb UK industrial production trounces forecasts - Tensions rise in Ukraine - Big Four see market share slip as discount stores increase sales techMARK 2,697.56 -1.19% FTSE 100 6,590.69 -0.49% FTSE 250 16,014.46 -1.53% UK stocks once again finished in
Read moreLondon midday: Stocks at two-week low as Sports Direct and grocers fall
8th Apr 2014 11:52
- FTSE 100 at lowest since March 24th - Ukraine tensions flare up - US stocks fall ahead of Q1 earnings season - Sports Direct sinks on Ashley share sale, grocers fall techMARK 2,697.79 -1.18% FTSE 100 6,559.14 -0.96% FTSE 250 16,015.95 -1.52% UK stocks fell one per cent by Tuesday lunchtime, tra
Read moreUK banks pay out 600m pounds for mis-selling, FCA says
8th Apr 2014 10:43
Britain's biggest banks have so far paid around 600m pounds for mis-selling interest rate hedging products, according to the UK's Financial Conduct Authority (FCA). The banks have set aside £4bn to compensate small firms. Banks including Barclays, HSBC, Royal Bank of Scotland and Lloyds Banking Gr
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