UK stocks rise ahead of Yellen, but Barclays slumps
11th Feb 2014 11:37
- Barclays drops seven per cent after 2013 results disappoint - Markets expecting 'dovish' Yellen, says analyst - Miners track metal prices higher - Retailers gain after economic data techMARK 2,825.35 +0.66% FTSE 100 6,643.63 +0.79% FTSE 250 16,012.87 +0.64% UK markets rose strongly on Tuesday as
Read moreBarclays to cut up to 12,000 jobs- UPDATE
11th Feb 2014 10:10
- Full year profit before tax below consensus - Net asset value below Numis estimates - Shore Capital: Dividend guidance lower than expected - Most analysts positive on medium-term strategy - Canaccord: Profitability of FICC/disclosure are issues Barclays boss Antony Jenkins said the bank will c
Read moreBarclays misses forecasts but capital/leverage encouraging, says Numis
11th Feb 2014 09:16
Numis Securities has maintained a 'hold' rating and 274p target price for banking giant Barclays after the company's annual profits came in lighter than expectations. However, despite the bottom-line 'miss', Analyst Mike Trippitt said he was "encouraged" by the progress the company has made on its
Read moreLondon open: Stocks closing in on three-week high, but Barclays falls
11th Feb 2014 08:32
- Barclays down as profits fall - Babcock, miners, retailers lead the upside - Markets focus on Yellen ahead of House testimony techMARK 2,824.94 +0.65% FTSE 100 6,645.74 +0.82% FTSE 250 16,015.55 +0.66% UK markets were performing well on Tuesday morning as decent gains from Babcock, mining stocks
Read moreLondon pre-open: Stocks seen higher ahead of Yellen
11th Feb 2014 07:25
UK markets are expected to open with small gains on Tuesday following a decent performance by US and Asian stocks overnight as investors ready themselves for comments from new Federal Reserve Chair Janet Yellen. City sources predict the FTSE 100 will open 27 points higher than yesterday's close o
Read moreBarclays' quarterly profits fall due to exceptional items
11th Feb 2014 07:07
Barclays reported a 32 per cent fall in 2013 adjusted pre-tax profit to reach 5.16bn pounds reflecting a fall in income and costs of restructuring. Adjusted income fell 4% to £28.15bn due to a reduction of £1,042m in the Investment Bank and £480m in the Head Office. For the year Investment Bank i
Read moreLondon close: Stocks gain after quiet session, Barclays rises
10th Feb 2014 16:31
- Stocks at highest level since January 24th - Markets awaiting Yellen, Draghi and Carney - Precious metal producers jump, Barclays gains ahead of FY results tomorrow - Energy companies come under criticism from MPs techMARK 2,806.76 +0.59% FTSE 100 6,591.55 +0.30% FTSE 250 15,910.72 +0.29% The UK
Read moreTuesday preview: Barclays reports drop in annual profit
10th Feb 2014 14:55
Barclays said adjusted 2013 pre-tax profits will fall by a quarter from the year before to 5.2bn, four per cent below market expectations. The lender released its headline profit figures a day early after the Financial Times previewed numbers that were considered too close to the actual results.
Read moreFTSE 100 movers: Miners gain, Barclays leads banks higher
10th Feb 2014 12:43
Mining stocks were among the best performers on the FTSE 100 on Monday with precious metal producers Fresnillo and Randgold rising strongly as gold and silver prices advanced. Barclays was making gains despite claims that confidential details of clients had been stolen and sold. Investors were also
Read moreBroker snap: Barclays FY results better than hoped, says Investec
10th Feb 2014 12:20
Investec said Barclays results released early due to an apparent leak were slightly ahead of its forecasts, but shy of the wider market's hopes. Barclays said on Monday that adjusted pre-tax profit for 2013 was £5.2bn, down a quarter from 2012 and under the £5.4bn average forecast from analysts pol
Read moreLondon midday: Barclays gains, Centrica falls as markets hold steady
10th Feb 2014 11:37
- Markets pause at two-week high - Central bankers in focus ahead of speeches - Barclays gains despite data leak, profit guidance - Energy Secretary concerns with energy profit margins techMARK 2,792.81 +0.09% FTSE 100 6,567.75 -0.06% FTSE 250 15,877.62 +0.08% UK markets more or less unchanged by
Read moreBarclays investigates claims of data leak, pre-announces results
10th Feb 2014 10:16
Barclays is in talks with regulators, customers and UK authorities over claims confidential details of clients had been stolen and sold. The data is from 2008 or earlier and is linked to a financial-planning unit that was shut in 2011, company spokeswoman Carey Withey told Bloomberg. Withey said t
Read moreMonday newspaper round-up: Barclays, BoE, Energy companies...
10th Feb 2014 07:23
Barclays is under scrutiny by regulators and could face a hefty fine after thousands of confidential customer files were stolen in a data breach described as catastrophic by an adviser to the business secretary, Vince Cable. The files, containing details on 2,000 individuals including their names, a
Read moreSunday newspaper round-up: Barclays, RSA, Vodafone
9th Feb 2014 09:06
Barclays is preparing to cut its investment bank by a fifth to appease the Bank of England (BoE), the Sunday Times reported. Chief Executive Antony Jenkins will announce the plan to sell £150bn of assets and slash annual costs by £1.7bn with the bank's full-year results on February 11th. The investm
Read moreTuesday newspaper round-up: US debt ceiling, Autonomy, Barclays...
4th Feb 2014 06:28
US Treasury Secretary Jacob Lew warned Monday that the US is on course to hit its so-called debt ceiling, the limit to which it can legally borrow, by the end of the month. He called on Congress to raise it immediately to prevent the issue from harming the economic recovery, adding that the governme
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