Barclays Share News (BARC)

Broker snap: Investec downgrades Barclays ahead of share dilution

Investec has downgraded its rating for banking group Barclays from 'buy' to 'add' but maintains that it is its preferred UK domestic lender. The target price for the stock has been lowered from 345p to 330p to reflect the impact of forthcoming dilution from the bank's so-called 'Leverage Plan'. "T

Thursday broker round-up UPDATE

African Minerals: Deutsche Bank cuts target price from 550p to 450p and retains a buy recommendation. Citi lowers target price from 380p to 320p keeping a buy recommendation. Aggreko: Deutsche Bank reduces target price from 2100p to 1870p, while staying with its buy recommendation. ARM Holdings: G

Thursday tips round-up: Barclays, African Minerals, Sports Direct

At Barclays, the adaynniversary of the death of Lehman Brothers is an occasion for a toast, not revisiting old regrets. Yet for most it was then that a financial brush-fire morphed into an inferno. Barclays, however, was clever enough to pull out its cheque book and turn itself into an investment ba

UK banks could need extra 50 bln pounds under 'Basel IV' - KPMG

By Laura Noonan LONDON, Sept 12 (Reuters) - UK banks could need an extra 50 billion pounds to deal with extra capital requirements being layered on top of the incoming 'Basel III' package of global banking regulations, consultancy KPMG warned on Tuesday. KPMG said the introduction of

CORRECTED-EU makes Libor rigging punishable with fines and bans

(Corrects in 11th paragraph to show U.S. dollar is only ISDAFix rate collected by ICAP) STRASBOURG, France/LONDON, Sept 10 (Reuters) - Companies found guilty of rigging market benchmarks like Libor could be fined the equivalent of 15 percent of their turnover under a European Union law appr

CORRECTED-UPDATE 1-U.S. watchdog subpoenas swaps association over benchmark

(Corrects next to last paragraph to show U.S. dollar is only ISDAfix rate collected by ICAP) By Douwe Miedema WASHINGTON, April 8 (Reuters) - The top U.S. derivatives regulator is probing a widely used benchmark for swaps, the trade body overseeing the rate said, dealing a further blo

CORRECTED-U.S. watchdog subpoenas swaps association over its benchmark

(Corrects next to last paragraph of April 8 story to show U.S. dollar is only ISDAfix rate collected by ICAP) By Douwe Miedema WASHINGTON, April 8 (Reuters) - The top U.S. derivatives regulator is probing a widely used benchmark for swaps, the trade body overseeing the rate said, deal

UK PRESS: Barclays Faces Damages Claim From Saudi Businessman - FT

UPDATE 1-Barclays sees new technology driving half its cost savings

By Steve Slater LONDON, Sept 10 (Reuters) - The boss of Barclays said new technology is ready to transform the experience of bank customers and help his British lender deliver almost half its planned annual cost savings of 1.7 billion pounds ($2.7 billion). Barclays Chief Executive A

CORRECT: Barclays Boss Sets Cost Targets For GBP2.7B "Transform" Programme

Barclays Chief discusses Transform programme costs

Group Chief Executive of Barclays, Antony Jenkins, on Tuesday spoke about the costs associated with the company's Transform programme during an investor conference in New York. He said that out of a £2.7bn budget to deliver the benefits of rightsizing, industrialisation and innovation by 2015, app

Barclays Boss Sets Cost Targets For GBP2.7B "Transform" Programme

Tuesday broker round-up UPDATE

African Barrick Gold: Investec shifts target price from 135p to 137p, while downgrading from hold to sell. Aquarius Platinum: JP Morgan moves target price from 39p to 49p, while downgrading from neutral to underweight. Citi lowers target price from 66p to 54p and downgrades from buy to neutral. As

Barclays to pay $36.1 mln in Massachusetts subprime settlement

Sept 9 (Reuters) - Barclays Plc agreed on Monday to pay $36.1 million to settle charges by Massachusetts that it hurt homeowners there by packaging subprime mortgages that the borrowers could not afford, and which violated state law, into securities. The British bank is the fourth big bank

UPDATE 3-Vodafone faces pressure to raise $10 bln Kabel bid-sources

* Elliot Asset Management owns 10.9 pct of Kabel Deutschland * "goal is to renegotiate terms"- source familiar with Elliot * Vodafone says bid will lapse if fails to reach threshold * Vodafone is looking for 75 pct acceptance By Harro Ten Wolde and Arno Schuetze FRAN