Barclays Share News (BARC)

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

Icap faces $109 mln fine for Libor rigging-Sky

LONDON, Sept 9 (Reuters) - Broker-dealer ICAP is in talks about a settlement over its role in the Libor rate-rigging scandal that would involve paying about 70 million pounds ($109 million) to British and U.S. regulators, Sky News reported. ICAP was discussing a deal with the Financial Con

Banks face jump in technology spending - report

LONDON, Sept 9 (Reuters) - Banks which have patched up their information technology (IT) systems too often in recent years face big increases in spending to modernise their operations for the digital age. But digital innovation should help offset the outlays by cutting the costs of new bran

Monday broker round-up UPDATE

Associated British Foods: Panmure Gordon cuts target price from 2100p to 2075p, while leaving its buy recommendation unchanged. Investec places its target price (prev.: 1930p) under review keeping a hold recommendation. Aviva: Morgan Stanley increases target price from 403p to 445p and maintains an

UK watchdog to study cash savings market

LONDON, Sept 9 (Reuters) - Britain's Financial Conduct Authority (FCA) has begun studying competition in the trillion-pound cash savings market to see if customers are getting a fair deal. At the start of the new financial year in April, people are bombarded with advertisements from Britain

Uniqa plans 700-800 mln eur share sale in 2013

VIENNA, Sept 9 (Reuters) - Austrian insurer Uniqa said it would carry out a major share flotation this year and had mandated banks to issue 700 to 800 million euros ($921 million to $1.05 billion) of new shares. The planned "re-IPO" - so called because it will raise the free float from jus

REFILE-Silver Lake having another go at selling Serena Software -sources

By Greg Roumeliotis and Soyoung Kim NEW YORK, Sept 6 (Reuters) - Buyout firm Silver Lake is working on a sale of information technology management company Serena Software Inc, which it has tried to sell at least once before since it acquired the company for $1.2 billion in 2006, three peopl

CORRECTED-TSB bank returns to UK high street and ups the competition

(Corrects name of Shawbrook CEO to Ian Henderson from Ian Richardson) * Lloyds to rebrand 631 branches ahead of planned IPO in 2014 * Lloyds was ordered to sell branches by EU regulator * Move part of measures to stimulate competition * New switching rules to be introduced

Banks tap into promising market for "top-up" capital bonds

By Steve Slater and Aimee Donnellan LONDON, Sept 6 (Reuters/IFR) - European banks are stepping up plans to raise money via bonds that can top up their capital, following a green light from regulators, potentially opening up a market worth up to 240 billion euros ($317 billion). The bo

UK financial advice reforms set to come under MP scrutiny

By Steve Slater LONDON, Sept 6 (Reuters) - British politicians may take a fresh look next year at recent changes to the way Britons receive financial advice, which critics say has left people less likely to get any help. Mark Garnier, a Conservative Party legislator who sits on the Tr

London close: FTSE 100 at three-week high after policy meetings

A host of central-bank policy meetings, a dovish tone from Mario Draghi and the continued improvement in US economic data helped lift stocks higher on Thursday, with the FTSE 100 closing at levels not seen in three weeks. London's benchmark index ended the day up 57.7 points at 6,532.44, its highes

FTSE 100 movers: M&S leaps after HSBC upgrade

High Street department store Marks & Spencer surged today after HSBC upgraded the stock from 'neutral' to 'overweight', saying it is the most operationally geared among its peers to play on the UK consumer recovery. Hotels group IHG was also a high riser after UBS raised its rating from 'neutral to