Barclays Share News (BARC)

BUZZ-Barclays: Q2 core business performance boosts stock

** Bank Barclays' shares up 5.7 pct, top of the FTSE, after saying core pretax profit for H1 up 19 pct to 3.97 bln stg ** "BARC has produced a 6% PBT beat in its core business (ex corp centre) in Q2," Jefferies analysts say ** Stock down more than a fifth since pre-Brexit to Thursday'

Barclays half-year pre-tax profits fall 21%

(ShareCast News) - Half year pre-tax profits at Barclays fell 21% to £2.06bn, reflecting the costs of offloading its non-core business. The bank's core business made pre-tax profits of £3.97bn, up 19% while the non-core business made a loss of £1.9bn. The non-core loss was mainly due to a £372m

UPDATE 1-Barclays Africa profit growth slows as rising interest rates bite

(Adds CEO comment, details) July 29 (Reuters) - South Africa's third biggest bank Barclays Africa Group Ltd reported a 7 percent rise in half-year profit on Friday, a slower growth rate as rising interest rates at home hit consumption and investment spending. * Diluted headline earnin

Barclays H1 profit falls 20 pct as costs of shrinking bite

By Lawrence White and Sinead Cruise LONDON, July 29 (Reuters) - Barclays reported a 20 percent dip in first-half pretax profits despite improved returns in its core business, as the costs of selling and shrinking the bank's unwanted assets in a harsh economic environment took its toll on ea

Bank solvency in jeopardy if recession hits post Brexit

(ShareCast News) - Britain's banking system will face a capital shortfall of £68bn if the UK hits a recession after it leaves the EU, according to Moody's. The ratings agency has carried out its annual stress test across British high street banks to see whether they have enough capital to withstand

Umicore, Sinochem expected to bid for Total's Atotech - sources

By Arno Schuetze and Ludwig Burger FRANKFURT, July 25 (Reuters) - Chemicals groups Umicore and Sinochem are among the groups interested in German surface finishing and metal plating company Atotech, put on the block by France's oil giant Total, people close to the matter said. Total

UK payments watchdog holds fire as banks retreat

By Huw Jones LONDON, July 21 (Reuters) - Britain's regulator for the payment systems used by banks to shift cash said it would hold off from taking further action to boost competition as lenders sold off their holdings in a core payments system to MasterCard . Britain is trying to inc

UPDATE: RBS And Barclays Selling VocaLink Stakes To MasterCard

Brexit widens chasm between Wall Street and Europe's investment banks

Wednesday broker round-up

(ShareCast News) - Centrica: Berenberg reiterates buy with a target price of 230p. Rio Tinto: Deutsche Bank maintains buy with a 3160p target. IG Group: RBC reiterates sector perform with a 865p target. SSP: JP Morgan stays at overweight with a 358p target. Vodafone: Deutsche Bank reiterates buy

BROKER RATINGS SUMMARY: JPMorgan Cuts easyJet And IAG To Neutral

BUZZ-HSBC: UBS raises PT, reiterates "buy"

** Bank HSBC's shares up 1.6 pct, near the top of the FTSE, after UBS analysts raise PT on stock to 535p from 450p, keep "buy" rating ** Analysts cut estimates to assume lower margins on UK banks, say Standard Chartered, HSBC do best given their business mix, add lower EPS estimates are off

LONDON BRIEFING: Market Awaits First UK Jobs Figures Since Brexit

Barclays plans to sell its Egypt unit

(ShareCast News) - Barclays bank has put its Egyptian unit up for sale with interest from two banks from the Middle East and North Africa having surfaced. According to Reuters, Emirates NBD had showed interest in a possible acquisition and had sought advice from Perella Weinberg Partners, which work

Britain's big banks call for upstart rivals to share burden of free accounts

LONDON, July 19 (Reuters) - Britain's so-called challenger banks should be compelled to share the burden of providing loss-making fee-free basic accounts to the financially vulnerable, executives from Barclays and Co-Operative Bank said on Tuesday. The government has been keen to encourage