Barclays Share News (BARC)

Barclays faces fine for breaching market listing rules - UPDATE

Barclays has confirmed reports that it is facing a 50m-pound fine for allegedly breaching market listing rules over its capital raisings. The Financial Conduct Authority (FCA) is seeking the penalty against the lender for allegedly failing to disclose enough details to the stock market about its £1

Monday broker round-up

AEC Education: WH Ireland places both its target price (prev.: 11p) and its recommendation under review. Aggreko: Citi reduces target price from 2100p to 2000p leaving its buy recommendation unaltered. Allergy Therapeutics: Panmure Gordon lowers target price from 18p to 16p, while keeping its buy

Barclays investment bank income down sharply in July-Aug

LONDON, Sept 16 (Reuters) - Barclays said its income in July and August was down by 500 million pounds ($793 million) from a year ago and revenues in its investment Bank were "significantly" below levels of a year ago, especially in fixed income. Barclays gave the trading update as it publi

London midday: FTSE 100 at six-week high after Summers' withdrawal

News that Larry Summers has dropped out of the running for Federal Reserve Chairman gave market sentiment a boost on Monday morning while concerns over Syria eased. London's FTSE 100 surged to a six-week high of around 6,639 today - the last time the index closed higher was on August 2nd when it en

Broker tips: Barclays, Wolseley, Prudential

Nomura has upgraded its recommendation for Barclays by two notches from 'reduce' to 'buy' saying that the UK banking group is well-positioned for building macroeconomic momentum. "With growth in the developed world likely to continue well into the start of next year, stocks geared to capital market

Broker snap: Nomura upgrades Barclays to 'buy'

Nomura has upgraded its recommendation for Barclays by two notches from 'reduce' to 'buy' saying that the UK banking group is well-positioned for building macroeconomic momentum. "With growth in the developed world likely to continue well into the start of next year, stocks geared to capital market

RPT-Gulf Capital hires Rothschild to advise on overseas share issue

DUBAI, Sept 16 (Reuters) - Abu Dhabi's Gulf Capital said on Monday it has hired an investment bank to advise it on a renewed attempt to issue shares in oil and gas services firm, Gulf Marine, on an overseas stock exchange. The private equity firm, which owns 79 percent of the Middle East's

RPT-Gulf Capital hires Rothschild to advise on overseas share issue

DUBAI, Sept 16 (Reuters) - Abu Dhabi's Gulf Capital said on Monday it has hired an investment bank to advise it on a renewed attempt to issue shares in oil and gas services firm, Gulf Marine, on an overseas stock exchange. The private equity firm, which owns 79 percent of the Middle East's

Gulf Capital hires Rothschild to advise on overseas share issue

Sept 16 (Reuters) - Abu Dhabi's Gulf Capital said on Monday it has hired an investment bank to advise it on a renewed attempt to issue shares in oil and gas services firm, Gulf Marine, on an overseas stock exchange. The private equity firm, which owns 79 percent of the Middle East's largest

First Gulf Bank may bid for Barclays' UAE retail arm - CEO

DUBAI, Sept 16 (Reuters) - First Gulf Bank (FGB), the United Arab Emirates' third largest bank, may look to buy Barclays Plc's retail banking operations in the United Arab Emirates, FGB's chief executive said on Monday. The British lender has decided to sell the retail banking business foll

UK PRESS: Ex-Barclays CEO Says Banking Reform Progress "Insufficient" - FT

"You work for Lehman? I thought that went bust"

By Steve Slater LONDON, Sept 15 (Reuters) - From his 23rd floor office of Citi's Canary Wharf tower, Tom Bolland can see the old European HQ of Lehman Brothers, where five years ago hundreds of his former colleagues were abruptly turfed out onto the street carrying their belongings in boxes

Hedge funds reap rewards from bet on Lehman Europe carcass

By Steve Slater and Tommy Wilkes LONDON, Sept 15 (Reuters) - Hedge funds which gambled on how much money would be recovered from the bankrupt carcass of Lehman Brothers are set to make hundreds of millions of pounds from a full payout to creditors of the European arm. Five years on fr

UK banks must make fast account switching work or face IT overhaul

* Rules letting Britons switch accounts fast begin Monday * Government also considering industry-wide IT platform * New rules are designed to stimulate competition * Bankers say new 7-day account switching must work By Matt Scuffham LONDON, Sept 13 (Reuters) - Britai

Co-Op Closer To New Deal With Lenders - Sky News