Barclays Share News (BARC)

Barclays makes cuts in Europe ABS team: source

By Anna Brunetti LONDON, July 29 (IFR) - Barclays has made significant cuts to its European ABS team due to disappointing activity in that market, a source familiar with the matter told IFR on Wednesday. The move concerns at least four members of the ABS trading team and other members

ON THE MOVE-Merrill Lynch hires two more advisers from Barclays

July 29 (Reuters) - Bank of America Corp's Merrill Lynch said it had hired two private wealth advisers from the recently sold U.S. wealth management unit of Barclays Plc . Jim Ertmann and Ben Foster will join Merrill's Private Banking & Investment Group (PBIG) from Barclays Wealth Managemen

Barclays applies for new licence to meet UK ring-fence rules

LONDON, July 29 (Reuters) - Barclays has applied for a new UK banking licence to comply with new rules requiring it to separate its domestic retail banking arm, highlighting the bigger task it faces in restructuring than its rivals. Britain's big lenders must set up so-called ring-fenced ba

LONDON MARKET CLOSE: Shares Gain As Investors Await Fed Statement

UPDATE 3-FTSE finishes higher, Hikma and GlaxoSmithKline boost

* Blue-chip FTSE 100 index ends 1.2 pct higher * GlaxoSmithKline, Barclays, British American Tobacco up * Quintain Estates and Development surges 22 pct By Atul Prakash LONDON, July 29 (Reuters) - Britain's top share index advanced on Wednesday, with Hikma Pharmaceuticals

UPDATE 3-Barclays to speed up cost-cuts and asset sales

* New chairman says to speed up asset sales, cost cuts * To cut assets to 20 bln stg by end-2017 vs 57 bln now * Keeps dividend flat for 2015, rules out capital raising * Shares hit 18-month high, up 2 pct (Writes through with comments from chairman, updates shares) By S

FTSE 100 movers: GSK and Hikma lead blue chips higher

(ShareCast News) - The FTSE 100 index built an early lead on Wednesday and stayed in positive territory thanks to forecast-busting results from several heavyweights in the pharma, tobacco and banking sectors. London's blue chip index was up 0.57% to 6,592.54 at 1435 BST. Top of the leaderboard mid-

UPDATE 1-Bank of England creates capital buffer for banks to absorb losses

(Adds more detail) LONDON, July 29 (Reuters) - The Bank of England has made changes to the way banks hold capital above the mandatory minimum in an effort to increase transparency and better absorb losses in the event of a financial shock, such as a housing market crash. The BoE's Pru

FTSE extends gains, Hikma and GlaxoSmithKline support

* Blue-chip FTSE 100 index rises 0.7 percent * Barclays, British American Tobacco advance * Quintain Estates and Development surges 23 pct By Atul Prakash and Liisa Tuhkanen LONDON, July 29 (Reuters) - Britain's top share index advanced on Wednesday, with Hikma Pharmaceuti

OMV to sell UK North Sea Rosebank project stake -sources

* Austrian firm seeks to sell 30 pct stake in project * Stake estimated to fetch up to $500 million By Ron Bousso LONDON, July 29 (Reuters) - Austrian oil and gas company OMV has put up for sale a 30 percent stake in the Rosebank oil and gas project in the British North Sea, b

LONDON MARKET MIDDAY: Equity Markets Firm Ahead Of Fed Statement

Hikma and Barclays help Britain's FTSE to climb higher

* Blue-chip FTSE 100 index rises 0.4 percent * Barclays up 2 pct, British American Tobacco up 2.7 pct * Quintain Estates and Development surges 23.8 pct By Liisa Tuhkanen LONDON, July 29 (Reuters) - Britain's top share index rose for a second straight session on Wednesday

BUZZ-Barclays: To accelerate cost-cutting and asset sales

** Barclays' shares up 2.2 pct, among top FTSE 100 gainers after its executive chairman John McFarlane said it would speed up cost cuts, asset sales ** Co, which also reported a 12 pct rise in Q2 profit, is in the midst of a 3-year plan to cut 19,000 jobs ** McFarlane said he plans to

London open: US Fed in a pinch with CPI set to drop

(ShareCast News) - Stocks in London continued to bounce back ahead of Wednesday's policy decision from the US Federal Reserve, as some analyst warned of deflation risks. Even the Shanghai Stock Exchange's Composite Index finished higher overnight, rising by 3.44% to reach 3,789.19 points. Gains were

TOP NEWS SUMMARY: UK Mortgage Approvals Rise After General Election