Barclays Share News (BARC)

MOVES-Man Group appoints Wynne as portfolio manager

LONDON, July 13 (IFR) - Man Group has appointed Barclays' head of FX research Jose Wynne as a portfolio manager based in New York. Man's discretionary investment arm Man GLG has hired five senior individuals, including Wynne, to complete an emerging markets debt team. This will be managed b

British finance minister favourite Hammond to champion banks' access to EU

LONDON, July 13 (Reuters) - Foreign minister Philip Hammond, the leading candidate to be Britain's next finance minister, said on Tuesday he would fight for British financial services to retain access to the European Union's single market after the vote to leave the trading bloc. Hammond, s

BROKER RATINGS SUMMARY: UBS Says Buy Foxtons And Sell Purplebricks

Ex-Barclays director pleads guilty in U.S. to passing tips to plumber

By Nate Raymond NEW YORK, July 12 (Reuters) - A former director at Barclays Plc pleaded guilty on Tuesday to U.S. charges that he engaged in insider trading by tipping off a plumber friend to impending mergers that he learned about at the bank. Steven McClatchey, 58, pleaded guilty in

BoE's Carney says weaker economic outlook could warrant stimulus

LONDON, July 12 (Reuters) - Bank of England Governor Mark Carney said the central bank may have to react to a weaker economic outlook after Britain's decision to leave the European Union, reinforcing the idea that the BoE is ready to provide the economy with more stimulus. "The possibility

Eight banks face US$1.5bn annual bill for Brexit

By Steve Slater LONDON, July 11 (IFR) - Major US and European investment banks face extra costs of US$1.5bn a year combined if they need to move operations out of London as a result of Britain leaving the EU, analysts at JP Morgan have estimated. For eight major US and European banks

Financial lobby urges UK government to retain access to EU markets

LONDON, July 8 (Reuters) - London's main financial lobby group urged the government on Friday to retain access to the EU's single market as it seeks to contain the fallout from Britain's surprise vote to leave the trading bloc. Since the June 23 referendum, many have predicted an exodus of

UK banks get capital relief

* Bank of England relaxes countercyclical buffer * Possible delay to MREL implementation timeline By Alice Gledhill LONDON, July 8 (IFR) - UK lenders were given some breathing room this week when the Bank of England said it was loosening up some of their capital requirements, th

BROKER RATINGS SUMMARY: Property Stocks Continue To Receive Downgrades

MOVES-Barclays hires new executive M&A chairman Whittemore

(Adds previous hiring of David Levin) July 7 (Reuters) - Tony Whittemore, a former senior banker at Deutsche Bank, is joining Barclays as executive chairman of mergers and acquisitions (M&A) in New York starting on Thursday, the London-based bank said in an internal memo. Whittemore w

MOVES-Barclays hires new executive M&A chairman Whittemore

July 7 (Reuters) - Tony Whittemore, a former senior banker at Deutsche Bank, is joining Barclays as executive chairman of mergers and acquisitions (M&A) in New York starting on Thursday, the London-based bank said in an internal memo. Whittemore was most recently co-head of Americas M&A at

London close: Banks, financials and property fly amid BoE rate-cut chatter

(ShareCast News) - UK shares flew north with Associated British Foods leading blue chips on a chipper update and chased by a peloton of banking, financial and property stocks on rising expectations of a Bank of England rate-cut next week. "Today marks the first day since the (non-binding Brexit) ref

UPDATE 2-Ex-Barclays traders sentenced to up to 6-1/2 years for Libor rigging

* Former Barclays trader Merchant gets longest sentence * Three others get 33 months to four years * High-profile, 11-week trial ends London's third Libor case (Adds judge's comments, details) By Kirstin Ridley LONDON, July 7 (Reuters) - Four former Barclays bankers wer

UK banks spared downgrades by S&P in mass outlook cull

LONDON, July 7 (Reuters) - Standard & Poor's carried out a mass-cull of British bank rating outlooks on Thursday in the wake of the country's vote to end its membership of the European Union, but stopped short of downgrading them despite its brutal cut of Britain's sovereign rating. The cou

WINNERS & LOSERS SUMMARY: AB Foods And Sports Direct Up But M&S Down