Barclays Share News (BARC)

UK's Truss promises to 'unshackle' City of London

LONDON, Sept 5 (Reuters) - Liz Truss becomes Britain's prime minister on Tuesday after a campaign in which she promised to "really unshackle" the City of London by making the most of Brexit in the 164-billion-pound ($192 billion) financial sector.

WHAT'S HER PLAN?

UK's Truss promises to 'unshackle' City of London

LONDON, Sept 5 (Reuters) - Liz Truss becomes Britain's prime minister on Tuesday after a campaign in which she promised to "really unshackle" the City of London by making the most of Brexit in the 164-billion-pound ($192 billion) financial sector.

WHAT'S HER PLAN?

LONDON BROKER RATINGS: Berenberg lifts Hunting price target by 18%

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

TOP NEWS: Barclays to book GBP31 million loss, sells entire Absa stake

(Alliance News) - Barclays PLC said on Thursday it expects to book a loss of GBP31 million following the sale of its remaining stake in Absa Group Ltd.

LONDON MARKET PRE-OPEN: Reckitt Benckiser CEO Narasimhan to step down

(Alliance News) - London stocks are set to start September on a downbeat note Thursday, after a hot inflation print in the eurozone on Wednesday raised tightening expectations ahead of the European Central Bank's next meeting.

Barclays raises $623 million in gross proceeds from Absa exit

LONDON, Sept 1 (Reuters) - Barclays has raised 538 million pounds ($623 million) in gross proceeds from the sale of its remaining 7.4% stake in South African lender Absa, completing the British bank's exit from the continent after more than 90 years.

IN BRIEF: Barclays to sell remaining 7.4% stake in Absa

Barclays PLC - London-based bank - To sell its remaining shareholding of 63 million shares in Johannesburg-based financial services firm Absa Group Ltd, via its wholly-owned subsidiary, Barclays Principal Investments Ltd. Shares represent a 7.4% stake in Absa and are being offered to investors through an accelerated bookbuild placing. The final number of placing shares and the price per share will be agreed at the close of the bookbuild process.

Barclays sells remaining stake in South Africa's Absa in placing

(Sharecast News) - Barclays said on Wednesday that it is selling its remaining 7.4% interest in South African bank Absa in a placing.

JPMorgan's Frankfurt office searched as part of German probe

LONDON, Aug 31 (Reuters) - German authorities have searched the Frankfurt offices of JPMorgan Chase & Co, a bank spokesperson confirmed, as long-running investigations into one of the country's biggest financial scandals affected another global lending giant.

LONDON MARKET MIDDAY: Pound weakness props up FTSE 100 as oil fades

(Alliance News) - The FTSE 100 remained in the green on Tuesday at midday on account of a weaker pound, but gains ebbed as oil prices retreated from morning highs.

Abu Dhabi Commercial Bank hires banks for debut green bonds sale

DUBAI, Aug 26 (Reuters) - Abu Dhabi Commercial Bank , the United Arab Emirates' third biggest lender, has hired a group of banks for a sale of U.S. dollar-denominated debut green bonds, a document showed.

Citi sees UK inflation hitting 18% peak in January

(Sharecast News) - Economists at Citi raised their forecasts for the peak in UK inflation to 18% in the wake of the additional 25% rally in UK gas prices and 7% rise in electricity costs over the previous week.

LONDON BROKER RATINGS: Goldman likes NatWest; Barclays cuts Just Eat

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Switching mortgages could ease cost-of-living squeeze, says UK watchdog

LONDON, Aug 2 (Reuters) - Hundreds of thousands of people would save money to help pay rising fuel bills and ease the impact of higher interest rates if they switched mortgage lenders, Britain's Financial Conduct Authority said on Tuesday.

IN BRIEF: Barclays starts USD17.6 billion rescission offer

Barclays PLC - London-based bank - Says it is beginning its rescission offer, previously announced last month, to rescind previous purchases of USD17.6 billion. The bank says the repurchase period will start on Monday and will expire on September 12.