UBS cuts Barclays target, raises concerns over returns
12th Feb 2014 10:26
UBS has cut its target price for Barclays from 295p to 280p and retained a 'neutral' rating after reducing forecasts for the banking group following its 2013 results. Analyst John-Paul Crutchley said: "We believe the market was looking for two things from Barclays: a balance sheet restructuring to
Read moreWednesday tips round-up: Barclays, Thomas Cook, Babcock
12th Feb 2014 07:20
Don't try to please everyone, at best you will only please some of them some of the time. The advice given to most children holds true for Barclays Chief Executive Antony Jenkins. Since taking the helm in 2012 he has undertaken measures to please most stakeholders in the lender: government (regulato
Read moreWednesday newspaper round-up: Blinkx, RBS, Barclays...
12th Feb 2014 07:03
Blackrock has thrown its weight behind Blinkx by raising its stake in the under-seige internet video company to 13 per cent. The global investment house, which is Blinkx's biggest investor, announced that it has bought another five million shares, adding to its 11.6 per cent stake. - Daily Telegraph
Read moreStocks rise as Yellen strikes balanced tone, tensions in China ease
11th Feb 2014 17:24
- Yellen: Tapering to continue as long as incoming data supports - Precious metal miners track metal prices higher - Retailers gain after economic data - Barclays drops seven per cent after 2013 results disappoint techMARK 2,836.39 +1.06% FTSE 100 6,672.66 +1.23% FTSE 250 16,078.28 +1.05% UK ma
Read moreBarclays and Santander face risk from "Fragile 8" - Fitch
11th Feb 2014 15:06
Several European banks including Britain's Barclays and Spain's Santander may be at risk from problems in more vulnerable emerging markets dubbed the "Fragile 8", rating agency Fitch claims. Fitch said Barclays, Santander, BBVA, Standard Chartered and Unicredit all have material exposure to one or
Read moreFTSE 100 movers: Barclays dives on poor results
11th Feb 2014 14:50
Barclays was the big faller of the day after the banking giant posted a worse-than-expected 32 per cent fall in 2013 adjusted pre-tax profit, with costs coming in higher than predicted. The group also unveiled its plan to cut between 10,000 and 12,000 job this year, 7,000 of which will be in the UK.
Read moreBroker tips: Barclays, Prudential, ICAP, Thomas Cook
11th Feb 2014 12:48
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 moreAnalysts seem to focus on profitability of Barclays' investment bank
11th Feb 2014 12:35
Below is a round-up of various analysts' reactions to Barclays' full-year figures: Richard Hunter, Head of Equities at Hargreaves Lansdown Stockbrokers Hunter pointed out how multiple factors contributed to the drop in profits, highlighting the hit taken by investment banking income due the poor r
Read moreUK 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
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