Barclays Share News (BARC)

Broker tips: Anglo American, Kaz, Barclays, Ocado

(ShareCast News) - Barclays upgraded Anglo American to 'equalweight' from 'underweight' and lifted the price target to 845p from 550p on strong valuation support and solid earnings momentum, particularly from the recent rally in coking coal which leaves the balance sheet in a much better position th

HSBC ups Barclays to 'buy' on non-core disposals

(ShareCast News) - Barclays got a boost on Wednesday as HSBC upgraded the stock to 'buy' from 'hold' and lifted the price target to 190p from 150p saying the pending disposal of Barclays Africa will be positive for sentiment. "The disposal of business held within the Non-Core businesses is a managem

Wednesday broker round-up

(ShareCast News) - Barclays: HSBC upgrades to buy with a target price of 190p. Reckitt Benckiser: UBS keeps at buy, 8000p target. Go-Ahead: Deutsche Bank keeps at buy with a 2330p target. Kingfisher: HSBC reiterates hold with a 365p target. BHP Billition: Barclays keeps at equal-weight with a 990

Monday broker round-up

(ShareCast News) - Lloyds: Jefferies reiterates buy with a target price of 67p. Astrazeneca: UBS reiterates buy, 5480p target. Britvic: JP Morgan keeps at underweight with a 590p target. Unilever: UBS reiterates neutral with a 3380p target. IHG: HSBC starts coverage at reduce with a 2900p target.

European banks represent the world's biggest contrarian trade -Citi

LONDON, Sept 19 (Reuters) - Buying European bank stocks would be the world's biggest contrarian trade, Citi analysts said, adding they expect both returns and asset quality to improve next year. Banks in the economic and monetary union in Europe are the worst performing sector over the past

Britain's FTSE falls as banking stocks lose ground

(ADVISORY - Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE 100 ends down 0.3 pct at 6,710.28 points * Hefty Deutsche Bank demand hits banks * FTSE 100 still up around 8 pct so far

LONDON MARKET MIDDAY: Lenders Drag FTSE 100 After Deutsche Bank Fine

Deutsche capital worries return as US mega-fine looms

By Steve Slater LONDON, Sept 16 (IFR) - Deutsche Bank faces the prospect of having to tap shareholders for more cash after the US Department of Justice asked Germany's flagship lender to pay US$14bn to settle an investigation into alleged mis-selling of mortgage-backed securities. The

Europe banks gird for US$17bn fine over US mortgages

By Steve Slater LONDON, Sept 15 (IFR) - Five of Europe's biggest banks face a potential collective fine of more than US$17bn related to the mis-selling of US mortgages, and some of the penalties could be dished out in the next month, analysts said. Royal Bank of Scotland faces the big

Former Barclays FX trader sues for unfair dismissal

By Steve Slater LONDON, Sept 14 (IFR) - A former Barclays foreign exchange trader is suing the British bank for unfair dismissal at a London employment tribunal, after several successful claims by traders fired by rival banks. Mark Clark is claiming he was unfairly dismissed by Barcla

UPDATE 2-UK regulator seeks to ban former Barclays executive for misconduct

(Adds details) By Kirstin Ridley LONDON, Sept 14 (Reuters) - Britain's markets regulator is seeking to ban a former Barclays executive from holding senior financial services jobs, alleging he recklessly made misleading statements about a critical 2012 report into the culture of a U.S.

UK regulator bans former Barclays executive over misconduct

LONDON, Sept 14 (Reuters) - A former Barclays executive has been banned from holding senior positions in the UK financial services industry for misconduct, the Financial Services Authority (FCA) said on Wednesday. Andrew Tinney, the former chief operating officer of Barclays' wealth and inv

RPT-Timing is everything as European banks ride the CoCos revival

(Repeats late Tuesday story, no changes) * Low interest rates have driven feverish demand for CoCo bonds * Cost of issuing CoCos has dropped to lowest levels this year * Sweet spot of opportunity remains extremely fragile By Lawrence White LONDON, Sept 13 (Reuters) -

Timing is everything as European banks ride the CoCos revival

* Low interest rates have driven feverish demand for CoCo bonds * Cost of issuing CoCos has dropped to lowest levels this year * Sweet spot of opportunity remains extremely fragile By Lawrence White LONDON, Sept 13 (Reuters) - European banks are playing a nerve-jangling wa

Barclays axes 13,600 jobs in 9 months

By Steve Slater LONDON, Sept 13 (IFR) - Barclays has cut 13,600 net jobs in the nine months since Jes Staley arrived as chief executive, or 10% of its staff, underscoring the bank's stringent focus on costs. The cuts have mainly come from attrition and a freeze on hiring imposed by Ba