Barclays Share News (BARC)

Bank of England proposes "more British style" of finance regulation

LONDON, Sept 8 (Reuters) - The Bank of England said on Thursday it would move to a "more British style of regulation" for the country's huge financial services industry as it seeks to take advantage of Brexit.

ADCB raises $500 million with debut green bonds - document

DUBAI, Sept 8 (Reuters) - Abu Dhabi Commercial Bank , the United Arab Emirates' third largest lender, has raised $500 million with debut green bonds, a bank document showed, ending an issuance drought in the region.

PRESS: New UK chancellor Kwarteng eyes crisis talks with bank chiefs

(Alliance News) - The UK's new Chancellor of the Exchequer Kwasi Kwarteng is set to hold crisis talks with the heads of major high street banks on Wednesday, Sky News reported on Tuesday.

Britain's Lloyds racks up $350 million of likely scam COVID loans

LONDON, Sept 6 (Reuters) - Lloyds Banking Group has been hit by more than 300 million pounds ($348 million) of suspected fraud linked to COVID-19 pandemic-era recovery loans for small businesses, the highest among big bank peers, according to government data.

Britain's Lloyds racks up $350 million of likely scam COVID loans

LONDON, Sept 6 (Reuters) - Lloyds Banking Group has been hit by more than 300 million pounds ($348 million) of suspected fraud linked to COVID-19 pandemic-era recovery loans for small businesses, the highest among big bank peers, according to government data.

LONDON BROKER RATINGS: Jefferies cuts Tesco and Sainsbury to hold

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday afternoon:

HSBC and Metro bank join Britain's Stop Scams hotline

LONDON, Sept 6 (Reuters) - HSBC, its online arm First Direct, and Metro Bank have joined a fraud-reporting hotline as the cost of living crisis increases the number of financial scams, an industry body said on Tuesday.

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.