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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 202.35
Bid: 202.15
Ask: 202.25
Change: 1.35 (0.67%)
Spread: 0.10 (0.049%)
Open: 202.50
High: 203.40
Low: 199.58
Prev. Close: 201.00
BARC Live PriceLast checked at -

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Monday newspaper round-up: Asda, Ukraine, Bank levy

Mon, 24th Mar 2014 07:27

Asda will today brief senior management on the results of the review carried out on behalf of the company by consultants McKinsey to equip it for the changing retail landscape. The details of the recommendations, which some have described as a new five-year plan, have not been made public yet. However, they are thought to include "scores" of redundancies amongst its top ranks at its central and head office functions. As well, a step-up in the grocer´s multichannel offering and wider product ranges are thought to be in the pipeline, according to The Times. Nato and the White House fear that Moscow might be planning a wider invasion of Ukraine. That comes as overnight Russian forces stormed a base in Feodosia, the third such attack over the last 48 hours. A Ukrainian military spokesman in Crimea said that the Russian units involved had used a mix of helicopters, armoured personnel carriers and stun grenades, with shots having been fired, The Times reports. Britain´s largest lenders are set to obtain hundreds of millions of pounds worth in reductions in their tax bill after complaining that the bank levy had a disproportionate effect on domestic lenders. The Treasury is planning to change towards a band-based system whereby caps are placed on the taxes faced by individual banks. Barclays and HSBC alone may see their levy charges cut by a total of over £300m, The Daily Telegraph writes. RSA, the UK´s largest commercial insurer, will this week publish the prospectus for its much awaited rights issue, in effect pulling the trigger on the operation. The fund raising excercise is expected to yield £775m in fresh capital. The exact terms of the offer were still up in the air as bankers at Bank of America Merrill Lynch and JP Morgan Cazenove met over the weekend to finalise them. In a bid to ensure firm support from investors the offering is expected to be deeply discounted, perhaps by as much as 40% to 50%, The Times says. The reverberations from last week´s Budget continue to filter through even a week after the event. In a move that mirrors current arrangements by Google, Yahoo has shifted its tax base to Ireland. That may cost governments across Europe millions in lost taxes. The Chancellor unveiled a clamp down on corporate tax avoidance, amongst which are measures including forcing online music retailers to pay full VAT in the UK. The threat of a 'sales tax' on internet firms such as Google and Yahoo was also to be found in the Budget, The Daily Mail says. Troubled Co-op Bank needs a further injection of £400m after unearthing additional costs related to previous episodes of financial misconduct. Last year the lender already raised £1.1bn in fresh equity to butress its balance sheet. The full negative impact on its 2013 numbers is expected to amount to between £1.2bn and £1.3bn. As a result its capital position is expected to fall towards only 7.2% from about 9% at present, The Daily Telegraph says.AB
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10 Jan 2024 13:00

Global activist investors pressed companies to sell or spin in 2023 as M&A dropped off

NEW YORK, Jan 10(Reuters) - "Sell" or "split" was the favorite word for activist investors across the world last year when their demands for companies to pursue some form of mergers and acquisition-related activity hit a new record and appeared in roughly half of their 2023 campaigns even as M&A activity dropped off, according to new data from Barclays.

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9 Jan 2024 07:44

LONDON BRIEFING: B&M to declare special payout; strong start for Unite

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5 Jan 2024 09:50

IN BRIEF: Prudential to buy back 4 million shares to offset awards

Prudential PLC - London-based, Asia-focused life and health insurer and asset manager - Contracts Barclays Capital Securities Ltd, part of Barclays PLC, to conduct a share buyback programme that will repurchase about 3.9 million shares at a maximum cost of GBP38 million. At the current market price, 3.9 million Prudential shares are worth GBP32.3 million. The buybacks are intended to offset the dilution that will be caused by the vesting of awards under Prudential's employee and agent share schemes.

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21 Dec 2023 12:59

Barclays extends lease on Canary Wharf headquarters until 2039

LONDON, Dec 21 (Reuters) - Barclays has signed an agreement with Canary Wharf Group (CWG) to extend the lease on its British headquarters in the financial district until 2039, CWG said on Thursday.

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20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

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

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20 Dec 2023 08:48

LONDON MARKET OPEN: Stocks feeling festive on UK, US rate cut hopes

(Alliance News) - Stock in London enjoyed a broad-based rally at Wednesday's open, as a surprise UK inflation print boosted risk sentiment, with investors pinning their hopes on UK and US interest rate cuts next year.

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19 Dec 2023 16:06

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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19 Dec 2023 15:11

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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15 Dec 2023 18:12

Britain's Metro Bank decides not to sell mortgage book

LONDON, Dec 15 (Reuters) - Britain's Metro Bank said on Friday it had abandoned its planned sale of a 3 billion pound ($3.8 billion) mortgage portfolio, citing market conditions.

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14 Dec 2023 12:00

Fnality completes 'world's first' blockchain payments at Bank of England

LONDON, Dec 14 (Reuters) - Fnality, a blockchain-based wholesale payments firm, said on Thursday that shareholders Lloyds Banking Group, Santander and UBS had completed the "world's first" live transactions that digitally represent funds held at a central bank.

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14 Dec 2023 10:51

France's Credit Agricole to stop financing new fossil fuel projects

Vows to triple financing of renewable energy projects by 2030

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12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

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12 Dec 2023 07:16

BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, less than for their European Union and U.S. peers.

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7 Dec 2023 16:55

Director dealings: Barclays chair invests, York Holdings settles LSEG call options

(Sharecast News) - Nigel Higgins, the group chairman of Barclays, was on the buying side of the ledger on Thursday.

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