Barclays Share News (BARC)

UPDATE 1-Senior Barclays banker takes time off for stress

By Belinda Goldsmith LONDON, Oct 15 (Reuters) - The head of compliance at Barclays Plc has become the latest senior banker to take time off for stress as the fallout from the financial crisis takes its toll on employees' health. Hector Sants was suffering from exhaustion and stress fo

Barclays' Hector Sants Takes Temporary Leave For Health Reasons

Barclays compliance chief Sants takes time off for stress

LONDON, Oct 15 (Reuters) - Hector Sants, Britain's former top financial regulator who joined Barclays Plc at the start of this year as head of compliance, is to take the rest of the year off after suffering from exhaustion and stress. Barclays said on Tuesday Sants had been diagnosed follow

UPDATE 2-UK competition watchdog rows back on audit reforms

* Firms should tender for accounting work every 10 years * Had previously considered demand to tender every 5 years * EU likely to go step further with mandatory auditor change By Huw Jones LONDON, Oct 15 (Reuters) - Britain has pulled back from accounting reforms that wou

Sector movers: RBS leads banks lower after BofA downgrade

UK-listed banks were out of favour on Monday as macro concerns weighed on investor appetite for risk; Royal Bank of Scotland was a heavy faller after being hit with a downgrade by Bank of America Merrill Lynch. The US broker lowered its rating for RBS from 'neutral' to 'underperform', cutting its p

FTSE 100 movers: Johnson Matthey tops leaders after upgrade

The share price of chemicals group Johnson Matthey jumped on Monday after the stock was upgraded by JPMorgan Cazenove from 'neutral' to 'overweight'. The US bank hiked its target price for the shares from 2,800p to 4,000p, saying that it sees "major potential from a swathe of new global industrial c

London midday: Markets pause on US stalemate, mixed Chinese data

Markets paused at a two-week high on Monday as investors refrained from building as concerns over the US debt ceiling and mixed data from China weighed on risk appetite. London's benchmark FTSE 100 was trading with small gains by midday after finishing Friday's session at 6,483.79, its highest clos

Alpha Pyrenees Terminates Currency Hedges

London open: Stocks flat as US political deadlock continues

A political stalemate in Washington over the debt ceiling weighed on risk appetite on Monday morning, with the FTSE 100 holding steady in early trading after hitting two-week highs the previous session. London's benchmark index finished at 6,483.79 on Friday, its highest close since September 27th,

RPT-UK court to hear evidence ahead of landmark Libor ruling

By Matt Scuffham LONDON, Oct 13 (Reuters) - A British court will this week consider whether attempted manipulation of the benchmark interest rate Libor can invalidate loans and other deals or show that banks mis-sold products that were based upon the rate. The Court of Appeal will on

Lloyds CEO warns against housing "Help to Buy" bubble - FT

Oct 13 (Reuters) - The chief executive of Lloyds Bank has warned that the government's "Help to Buy" mortgage scheme will risk creating a dangerous bubble in property prices unless steps are taken to boost the supply of new housing and free up planning restrictions, The Financial Times reported.

UK court to hear evidence ahead of landmark Libor ruling

By Matt Scuffham LONDON, Oct 13 (Reuters) - A British court will this week consider whether attempted manipulation of the benchmark interest rate Libor can invalidate loans and other deals or show that banks mis-sold products that were based upon the rate. The Court of Appeal will on

UPDATE 2-Detroit gets $350 mln financing lifeline from Barclays

Oct 11 (Reuters) - Barclays Plc will provide cash-strapped Detroit with up to $350 million in debtor-in-possession financing in the wake of its municipal bankruptcy filing in July, Detroit's top official said on Friday. Detroit will use the money for infrastructure investments and to termin

MARKET COMMENT: A Week Of Two Halves For UK Stocks

Barclays signs up to Help to Buy

Barclays on Friday said it has signed up to the UK government's Help to Buy mortgage scheme. It leaves customer-owned Nationwide as the only major lender that is yet to sign up to the programme, which provides aid to aspiring home buyers. Details of when Barclays will launch offers under the sche