Barclays upgraded on back of strong investment bank tailwind
Data on the lender's deals is pointing to further market share gains
Company
Barclays PLC
LON:BARC
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs 147,000 people.
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Lloyds Banking Group: What's the outlook for the shares under the new CEO? This leading investment bank is upbeat
JP Morgan believes the transition between Charlie Nunn (who took up the role of CEO last month) and António Horta-Osório should be a smooth one
Barclays buys US$3.8bn Gap-branded credit card portfolio
Gap and Barclays have agreed to issue co-branded and private label credit cards in the US to Gap customers from next year
How newbie investors can sort out their ESG, according to Barclays Bank expert
Sorting out the ESG early on in the portfolio building process will pay off in the long term
Barclays has ‘greatest scope’ for rerating says Jefferies
A Jefferies ‘buy’ recommendation comes with a 300p price target
Barclays resumes dividends as lower bad debts lift half-year profits to £5bn
Jes Staley, chief executive, said it was a strong first half with record investment banking fees
Archive
FTSE 100 ends in the red as traders mull Fed chair's familiar message
The UK premier share index closed down around 33 points, or 0.47%, at 7,091, below the session peak of 7,124 and above the low of 7,073
Former Barclays boss plans US listing for crypto firm Circle
The company, which is behind the stablecoin USD Coin, will go public via a merger with Bob Diamond's NYSE-listed Concord Acquisition Corp that will value it at around US$4.5bn
Binance payments blocked by Barclays
The banking giant said customers will no longer be able to make credit or debit card payments to the crypto exchange following its ban by the FCA last week
Barclays’ revenue recovery not reflected in consensus, says Credit Suisse
Analysts said they expected the FTSE 100 bank's half-year results later this month to show “improving asset quality as six months’ worth of economic upgrades are reflected in provisioning needs”
Lloyds Banking and Barclays tipped to cash in on mortgage boom
A possibility of an interest rate rise at the end of 2022 adds to the appeal
Barclays named again as backer of polluting projects in damning report on single-use plastic waste
Single-use plastics account for over a third of plastics produced every year, with 98% manufactured from fossil fuels
Barclays free of troublesome shareholder as Sherborne Investors dumps stake
Funds managed by Sherborne Investors have disposed of their entire 6.01% stake in Barclays having achieved nothing except perhaps a trading loss
Barclays' coal lending has risen since Paris agreement says new report
Demand for it to curb lending to the coal industry have been tabled at its AGM tomorrow
Barclays boss's UK bullishness can't lift share price
"We estimate the UK economy will grow at its fastest rate since 1948"
Barclays profits rebound to £2.4bn despite Barclaycard slump
Credit card income tumbled 22% to £0.8bn due to lower balances and less activity
NatWest and Lloyds Banking set to be dividend kings as bad debt outlook improves
The PRA will make its announcement on dividend guidelines for the banking sector in the next few months. The signs are looking good for banking stocks to reclaim their reputation as dividend demons.
Boris Johnson expects surge in COVID-19 cases with economy reopening, London’s West End books £100mln spree on first day
Johnson said that the drop in COVID-19 deaths is not due to the vaccine rollout but to the three-month lockdown
Extinction Rebellion protest Barclays fossil fuel investments at London HQ
The environmental group said Barclays is the biggest funder of fossil fuels in Europe and has increased spending on fossil fuels in the past year
Barclays and HSBC among biggest backers of fossil fuels projects, report finds
Barclays and HSBC were the worst-placed of the FTSE 100 lenders, having both provided over US$50bn of funding over five years
Barclays wins in High Court against Amanda Staveley, who mulls appeal
“We welcome the court’s decision to dismiss PCP’s claim in its entirety and award it no damages,” a Barclays spokesperson said
Barclays and NatWest set for profit rebound in 2021, suggests broker
UK banks have “front-end loaded” bad debt charges making for a potentially very strong bounce this year
Barclays keeping the Canary Wharf from the door
Barclays boss Jes Staley is looking forward to welcoming colleagues back to the office this year and has downplayed the threat to London as Europe's leading financial centre
Barclays expects High Court judgment on Amanda Staveley case imminently
Staveley is asking for £819mln in damages through a civil lawsuit over the bank’s emergency cash call during the 2008 financial crisis
Barclays resumes dividends but bad debts dent profits
Group profits for the year to end December 2020 fell by 30%
Archive
FTSE 100 finishes firmly in red as US data and pandemic fears add to gloom
The UK's index of leading shares fini down over 93 points at 6,617. FTSE 250 plunged 215 points at 20,933
Barclays and Hays results in focus for Thursday
Barclays and recruitment firm Hays are among the notable names in Thursday's diary.
Barclays says UK bank chair to step down next month ahead of focus shift
Ian Cheshire said he is unable to accommodate the increased time commitment and duration required to deliver the new goals
Barclays hit with fine over poor treatment of customers in difficulty
“Consumers should feel reassured that their lender will work with them to help resolve any financial difficulties, whereas Barclays’s poor treatment of its customers risked making these difficulties worse,” the FCA said
UK banks dividend resumption under discussion by Bank of England
Barclays' boss Jes Staley said talks would be held with the Bank of England towards the end of 2020 about dividend payments
Barclays posts another profit on reduced bad loan expectations
“Barclays UK also returned to profitability in the third quarter, with profit before tax of £196m, as economic activity recovered from the spring low point and impairment charges reduced,” said CEO Jes Staley
Archive
Busy Friday ahead with Barclays, London Stock Exchange Group, Intercontinental Hotels on the schedule
UK retail sales data and flash PMIs are also due before the weekend starts
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FTSE 100 weighed down by sterling's strength; US markets abandon early momentum
The FTSE 100, no fan of a strong exchange rate because so many of its constituents rely heavily on sales in US dollars, dropped 34 points
Archive
Barclays to kick off bank results in coming week; Unilever and William Hill to issue updates and UK inflation data eyed
Other firms on the calendar for the week ahead are Dettol owner Reckitt Benckiser, price comparison site Moneysupermarket and the London Stock Exchange Group
Barclays activist Sherborne vows to stay the course and restructure the bank
Sherborne has a 5.9% stake in Barclays through its funds, making it the largest shareholder.
Barclays increases provisions for bad debt but underlying profits surge
The investment bank was the main engine of growth, with income surging 31%
Barclays facing £1.5bn High Court claims from Amanda Staveley
“We believe the claim is misconceived and without merit and Barclays will be vigorously defending it,” the bank says
Barclays has arranged over £7bn of business lending amid coronavirus uncertainty
Comments at today's AGM follows scrutiny over the bank's handling of 'Bounce Back' online loan applications yesterday.
Landlords ‘stuffed’ as Barclays boss casts shadow over office outlook
“The notion of putting 7,000 people in a building may be a thing of the past,” says Jes Staley
Barclays profits hit by coronavirus charges as investment bank enjoys record quarter
Currently, more than 6mln customers and clients are paying no charges for personal overdrafts or business banking due to the government’s pandemic measures
Archive
FTSE 100 posts triple digit gain as traders eye Fed statement
Britain's premier share index made a triple-digit gain to finish up over 156 points at 6,115
Archive
Banks and big pharma key company news for Wednesday, US GDP eyed
The mid-point of the week will bring updates from Barclays, Lloyds, GSK, AstraZeneca and retailer Next
It's Barclays-lite as Rich Ricci joins Bob Diamond at Panmure Gordon
Ricci will be joined by Richard Morecombe, new president and executive director, after the acquisition of Whitman Howard
Barclays pressured by activist to sack boss over ties with Jeffrey Epstein
Ed Bramson, owner of Sherborne Investors which holds 5.51% of the bank, said Jes Staley should not be re-elected in May
Former top Barclays executives cleared of fraud charges
The allegations were linked to funds the bank raised from Qatar during the financial crisis in 2008
Timeline of Jes Staley before and during his time as Barclays CEO
A look back at the Barclays boss and his connection with disgraced financier Jeffrey Epstein
Barclays boss Staley “may be running out of lives” amid Epstein probe
City regulators are examining CEO Jes Staley's explanations about his relationship with billionaire sex trafficker Jeffery Epstein
Barclays says FCA investigating CEO Staley over Epstein links
The news came as the UK bank announced its final 2019 results, showing a profit before tax of £4.4bn
Barclays to be first big British bank to report since Brexit
Thursday brings results from Barclays and British Gas owner Centrica.
UK high street lenders pass BoE stress tests only if they slash dividends
Nationwide was the strongest performer in the latest round of tests, while Barclays came in last place as a result of risks connected to its credit card business
Barclays sets aside another £1.4bn for PPI; outlook for 2020 "more challenging"
Litigation and conduct charges have put a £1.68bn dent in year-to-date profits but that's an improvement on last year's £2.15bn
PPI still lingers over Britain’s banks ahead of Q3 results period
Analysts at Deutsche Bank said they will be keeping a close eye on the fallout from the misselling scandal, which has already cost some banks billions in compensation claims
Who's next on the FTSE chopping block?
Proactive speaks to market analysts about the bosses going down the recent FTSE slide
Barclays joins Lloyds, RBS and CYBG in announcing big hit from last-minute surge in PPI claims
Barclays still expects to meet its capital ratio target, implying that it has enough cash for the rest of the year to cover the cost of foreseeable dividends, according to Shore Capital.
Lloyds and RBS shares rise as PPI deadline nears
The banks will be glad to see the back of a scandal that is estimated to have cost them £40bn
Activist investor Edward Bramson still calling for overhaul of Barclays investment bank
“The investment manager’s present intention is to continue its dialogue with Barclays for as long as it appears to be appropriate to do so,” Sherborne Investors said
Archive
HSBC to cap off earnings season for UK's big-four banks
The week ahead includes interim results from HSBC, Standard Life Aberdeen and William Hill along with UK economic growth data
Archive
Last 'super Thursday' before Brexit as BoE, Shell and LSE updates eyed
On 1 August, other half-year updates include British American Tobacco, Barclays, Standard Chartered and Capita
Investments and investor services
FTSE 100 closes lower but BP top gainer after Q2 results beat expectations
The FTSE 100 index closed 39.84 points lower on the day at 7,646, while the midcap FTSE 250 index plunged almost 112 points to close at 19,774
Archive
Week ahead preview: Lloyds, Barclays, RBS, BT Group, BoE and US Fed
It will be a busy week for markets with a barrage of corporate earnings and interest rates decisions from the Bank of England and the US Federal Reserve.
Lloyds Banking hit by JPMorgan downgrade due to 'rising chances' of no-deal Brexit
JPMorgan analysts downgraded their rating on Lloyds to ‘neutral’ and cut the share price target
Where it all went wrong for Deutsche Bank
The bank is massively scaling down its investment banking division as part of a restructuring, however with its chequered past some could have seen this coming
Barclays becomes Europe's only major investment bank as Deutsche retreats
The German bank's plans to close down its equities trading arm will leave Barclays as the only European bank in the so-called 'bulge bracket' of heavyweight multi-national financiers
Lloyds offers cheapest mortgage rates in UK banking, Jefferies survey reveals
Jefferies said RBS is its top pick among UK-focused banks
FTSE 100 dividend payments set for new record in 2019 despite recent cuts from M&S and Vodafone
AJ Bell’s Dividend Dashboard shows that payments from London’s 100 biggest companies is expected to total £91.2bn this year
Lloyds freezes 8,000 offshore customer accounts amid regulatory clampdown on money laundering
Global banks have come under increasing pressure to meet tighter rules on financial crime
Lloyds offers consistent dividend yield, says RBC as it keeps 'outperform' rating
RBC has cut target prices on Lloyds, Barclays and RBS
Lloyds and banking rivals 'going nowhere' amid new pressures on revenue and margins
Adding to mortgage market competition, analysts now expect pressure on deposit pricing and declining contributions from structural hedges
Lloyds remains Morgan Stanley's top pick of UK banks
Morgan Stanley left its recommendation on Lloyds at ‘overweight’ but lowered its target price on the shares to 70p from 78p
Experian names independent non-executive director, Mike Rogers as chairman with effect from conclusion of 24 July AGM
He will succeed Don Robert who, as previously announced on 14 December 2018, had notified the company of his intention to step down as chairman and as a director
Tesco Bank and Nationwide highlight impact of competitive pressures on wider banking sector
First-quarter results from Lloyds, Barclays, Royal Bank of Scotland and HSBC all revealed a drop in net interest margins - a key profit measure for banks.
Five banks including RBS and Barclays fined €1bn for FX trading cartel
Investigators found that foreign exchange traders at RBS, Barclays, Citigroup, JPMorgan and MUFG Bank “coordinated their trading strategies” through internet chatrooms
Investor rebellions in store for Lloyds, Metro Bank and G4S meetings
Ahead of Metro Bank's AGM, American founder Vernon Hill urged investors to “meet with the directors and express your views by attending, raising questions and voting”
Standard Chartered faces possible shareholder revolt over executive pay plan
The news marks the latest in a series of potential shareholder rebellions over pay increases that see executives’ pensions raised more than ordinary workers.
'Cash cow' Lloyds seen climbing the bank dividend rankings
Analysts at UBS think regulatory changes this week increase Lloyds’ capacity for a special dividend payout this year by £1bn
Activist investor Edward Bramson suffers defeat in bid for board seat at Barclays
Some 87.2% of shareholders voted against the election of Bramson
Archive
FTSE 100 closes in the red after BoE keeps interest rates on hold
The UK blue-chip index finished down nearly 34 at 7,351, while its mid-cap cousin FTSE 250 lost over 127 points
Archive
Bank of England rates decision to take macro spotlight on ‘Super Thursday’
On the corporate front there will be another big batch of blue-chip updates to digest, notably from oil major Shell and banking giant Lloyds
FTSE 100 closes higher after US inflation data
It comes after latest data showed that core inflation in the US was flat last month (March) while consumer spending rose
Barclays swings to quarterly profit but under-pressure investment bank hit by 'challenging markets'
Barclays said the investment bank was hurt by reduced client activity, lower volatility and a smaller banking fee pool across the industry
Archive
FTSE 100 ends lower as US stocks retreat after mixed tech earnings
The FTSE 100 index closed 37.62 points, or 0.5% lower at 7,434.13, albeit above the session low of 7,405.99 as US stocks continued to post big falls on Thursday
Archive
Barclays set to kick off Q1 reporting season for UK banks
Aside from Barclays numbers, the Day Ahead will also bring updates from the likes of Taylor Wimpey and RELX, plus the final CMA decision on the planned Sainsbury's/Asda merger
Barclays, Lloyds and RBS to report first-quarter earnings with margins, costs and bad loans in focus
Lloyds seems to be doing the best job of countering headwinds facing the sector, according to AJ Bell investment director Russ Mould
Archive
FTSE 100 closes in the red as resource stocks come off the boil
After hitting a six-month high on Tuesday afternoon, London's blue-chips took a step back on Wednesday
Barclays reportedly plans to cut bonuses for investment bankers amid activist investor pressure
The bank is also said to be planning to crack down on promotions for its bankers
Investments and investor services
FTSE 100 closes at near seven month high as no news is deemed good news
The UK blue-chip index finished up around 63 points at 7,523
Archive
Once Easter is over, a plethora of blue-chip big guns are set to report trading updates and results
The Week Ahead will bring updates from the likes of Royal Bank of Scotland and Barclays, plus drugs giant AstraZeneca, and media groups WPP, Pearson and WPP
Barclays needs to execute on ROTE expansion to drive re-rating, Jefferies says
Jefferies maintained a ‘buy’ rating on Barclays but raised its target price to 280p from 263p
Barclays investment bank chief resigns after just two years in charge
Barclays boss Jes Staley believes "we need a more granular execution focus" on the investment bank division in order to improve returns
RBS teams up with Visa, Mastercard and Gemalto to trial biometric bank card
The biometric card RBS is developing would mean customers would not need to use a pin code to verify transactions over the £30 limit currently set on contactless payments
OneSavings Bank and Charter Court Financial Services confirm £1.6bn merger talks
OneSavingsBank and Charter Court Financial Services said a merger would create a specialised mortgage lender with greater scale and resources to take advantage of growth opportunities
What is a ‘funded equity collar’ and why has it landed Barclays investor Edward Bramson in hot water?
The use of a US$1.4bn loan from Bank of America by the activist investor to purchase shares in Barclays has caused quite a stir among other major shareholders
FTSE 100 closes lower as Chinese data dents sentiment
The UK's premier share index closed down around 32 points at 7,074
Archive
IAG, Rolls Royce and British American Tobacco on the agenda for busy blue chip Thursday
Its set to be a busy day for blue-chip news in London on Thursday.
Archive
Hotchpotch of blue-chip results set to flow in coming week from likes of Rolls-Royce, ITV, WPP
The Week Ahead will also bring a trading update from AB Foods, plus final results from Standard Chartered, IAG, Persimmon, Rightmove, as well as the latest US GDP data
Sir Gerry Grimstone to step down from Barclays roles
Sir Gerry is currently a non-executive director at Barclays and the chairman of its Barclays Bank subsidiary, but he will leave those roles at the end of February
FTSE 100 closes higher on trade talk optimism; miners big winners
President Trump is due to sit down for talks with Chinese Vice Premier Liu He at around 7.30pm UK time
Barclays set to boost shareholder returns as end of crisis-era misconduct charges draws near
Fines for mis-selling PPI, rigging interest rates and selling mortgage-backed securities have wiped billions from Barclays’ earnings in recent years, but those issues are almost behind it
FTSE 100 closes in the red as US stocks take a hit; Centrica tanks
Risers on the Footsie were outnumbered 3 to 1 by fallers
Archive
Barclays to round off trio of UK banking results on Thursday
Barclays will be a highlight in Thursday's schedule.