Tesco sells banking unit to Barclays for £600m
9th Feb 2024 07:03
(Sharecast News) - UK supermarket giant Tesco has sold its most of its retail banking business to Barclays for £600m, the two companies said on Friday.
Read moreSunday newspaper round-up: Asda, Barclays, McLaren
4th Feb 2024 11:12
(Sharecast News) - Zuber Issa, one of the two billionaire brothers at the helm of Asda, has been sounding out potential buyers for his 22.5% stake in the grocer. Instead, Zuber wishes to focus on EG Group, their petrol station empire. Meanwhile, Asda's next phase may include a bid for Boots. According to City sources, it was also possible that Zuber might use the funds raised through a sale to fund the purchase of his brother's stake in EG Group. - The Sunday Telegraph
Read moreDirector dealings: Barclays chair invests, York Holdings settles LSEG call options
7th Dec 2023 16:55
(Sharecast News) - Nigel Higgins, the group chairman of Barclays, was on the buying side of the ledger on Thursday.
Read moreLondon close: Stocks mixed as investors mull fresh data
5th Dec 2023 15:26
(Sharecast News) - London's financial markets finished with a mixed performance on Tuesday as investors considered key economic data and developments from both sides of the Atlantic.
Read moreQatar almost halves stake in Barclays
5th Dec 2023 08:01
(Sharecast News) - Banking giant Barclays was in the red early on Tuesday after its largest shareholder made moves to offload roughly £510.0m in shares.
Read moreLloyds to shut 45 branches
30th Nov 2023 09:57
(Sharecast News) - Lloyds Banking Group is to shut another 45 branches, it was confirmed on Thursday, as lenders continue to downsize their estates.
Read moreLondon close: Stocks slip after mountain of broker notes
28th Nov 2023 15:30
(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.
Read moreBarclays considers dropping thousands of investment banking clients - report
28th Nov 2023 07:56
(Sharecast News) - Barclays is reportedly exploring a plan to drop thousands of clients at its investment bank as part of a strategic overhaul that is meant to boost profits and cut £1bn of costs.
Read moreBarclays in talks to acquire mortgage portfolio from Metro Bank
27th Nov 2023 13:44
(Sharecast News) - Banking giant Barclays has entered exclusive talks to acquire a large portfolio of residential mortgages from high street lender Metro Bank as it seeks approval for a wider refinancing aimed at saving it from collapse.
Read moreLondon close: Stocks mixed on quiet Friday
24th Nov 2023 15:03
(Sharecast News) - Market performance showed a mixed trend in London today, with movements relatively subdued after the Thanksgiving holiday across the pond.
Read moreBarclays looking to save up to £1bn; 2,000 jobs at risk - report
24th Nov 2023 08:41
(Sharecast News) - Barclays is reportedly working on plans to save as much as £1bn, which could result in as many as 2,000 job losses, mainly in the bank's back office.
Read moreBarclays exploring acquisition of Tesco Bank - report
17th Nov 2023 15:18
(Sharecast News) - Barclays has reportedly been exploring a potential acquisition of Tesco's banking operations.
Read moreSunday newspaper round-up: Tax fraud scandal, Royal Mail, Metro Bank
12th Nov 2023 20:09
(Sharecast News) - More claims against banks and individuals operating in the City linked to the so-called Cum-Ex case are likely. The tax fraud scandal - Europe's largest ever - is estimated to have cost German taxpayers alone almost £10bn. Among the lenders being investigated are Barclays, Bank of America Merrill Lynch, Morgan Stanley, BNP and Nomura, together with law firms and auditors. Last week, the Supreme Court ruled that Danish authorities could pursue an alleged £1.4bn Cum-Ex fraud in London. The decision may open the floodgates to to claims from regulators in other European countries. - Financial Mail on Sunday
Read moreBarclays beats Q3 profit forecasts but cuts NIM guidance
24th Oct 2023 07:28
(Sharecast News) - Third-quarter headline profits at Barclays may have comfortably beaten analysts' forecasts, but the bank disappointed the market on Tuesday with a cut to its guidance for UK net interest margin (NIM), a key measure of profitability in retail banking.
Read moreLondon close: Stocks mixed as US inflation comes in slightly hot
12th Oct 2023 16:02
(Sharecast News) - London markets ended with a mixed outcome on Thursday, as investors digested a fresh inflation reading out of the US, as well as a slight uptick in the UK economy.
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