Barclays Share News (BARC)

Barclays takes extra 750 mln stg FX provision as profits rise 12 pct

LONDON, March 3 (Reuters) - Barclays set aside 750 million pounds more for potential foreign exchange fines and litigation as the British bank's annual profits rose a higher-than-expected 12 percent thanks to a sharp cut in costs. Barclays on Tuesday said it made a 2014 adjusted pretax prof

Barclays raises provisions to cover legal costs for scandals

Barclays has set aside a total of £1.25bn for provisions to cover litigation costs related to ongoing probes into mis-selling PPI and rigging foreign exchange rates. The bank announced a fresh £750m provision to cover any costs in settling with regulators following a probe into foreign exchange rate

MARKET COMMENT: London Seen Higher After Australia Holds Rates

Barclays Africa says applies for Nigerian licence

JOHANNESBURG, March 3 (Reuters) - Barclays Africa has applied for a licence to operate in Nigeria and is "keen" to take over operations in Egypt and Zimbabwe that still belong to its parent company, its chief executive said on Tuesday. "We have just applied for the licence and we'll have t

UK Earnings, Trading Statements Calendar - Week Ahead

MARKET COMMENT: Oil Prices Halt FTSE 100's Attempt At 7,000 Points

London close: FTSE pulls back from record as miners dip into the red

UK stocks inched lower on Monday after hitting a new intraday record high during the session as markets were underwhelmed by a raft of positive manufacturing data and a rate cut in China. London's FTSE 100, which rose to a new all-time peak of 6,974.26 early on, finished 6.02 points lower (-0.09%) a

UK Earnings, Trading Statements Calendar - Week Ahead

Tuesday preview: Barclays reports full-year results

Barclays will hog the spotlight on Tuesday as it reports its full-year results. Analysts forecast the lender will report a pre-tax profit of £5.3bn, compared to a restated £4.9bn in 2013. The bank is expected to set aside more money for potential fines for foreign exchange fines and to add to its c

RPT-Deutsche Bank bets big on U.S. for investment bank growth

(Repeats to additional Reuters clients) By Thomas Atkins NEW YORK, March 2 (Reuters) - From its tower on Wall Street, Deutsche Bank enjoys a commanding view of lower Manhattan. Its target is to gain a presence in investment banking which is nearly as dominant. As Germany's larg

FTSE 100 movers: Banks rebound, British Land boosted by acquisition

Banking stocks such as Barclays and RBS topped the risers as share prices rebounded after a weak outing last week following some poorly-received annual results. 2014 figures from Barclays, the last UK lender to report, are due out on Tuesday. Intertek, the product testing and certification outfit, w

London midday: Investors take profits after FTSE hits fresh intraday record

After a bright start, UK stocks dropped into the red by Monday lunchtime as investors assessed a raft of economic data and took profits after markets reached new record highs. The FTSE 100 was down 0.01% at 6,945.68 by midday, erasing gains after rising to a new intraday all-time high of 6,974.26 in

London open: UK stocks hit new record high on China rate cut

UK stocks rose modestly to a new record high on Monday morning on the back of gains in the banking and mining sectors, tracking a strong performance on Asian markets overnight after a rate cut in China. The FTSE 100 was up 0.3% at 6,969.46 within the opening hour, having risen as high as 6,972.01 in

UK Earnings, Trading Statements Calendar - Week Ahead

MARKET COMMENT: London Closes Flat After Late Reversal For FTSE 100