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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

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Share Price: 183.20
Bid: 183.48
Ask: 183.52
Change: 1.68 (0.93%)
Spread: 0.04 (0.022%)
Open: 183.32
High: 185.68
Low: 182.82
Prev. Close: 181.52
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Sunday newspaper round-up: Tesco, AstraZeneca, Asos

Sun, 22nd Jun 2014 13:02

Some of Tesco's biggest shareholders have complained to the retailer's senior independent director (Sid) about its strategy and management, the Sunday Times said. An unidentified top 10 shareholder said it expressed its concerns with the Sid, Patrick Cescau, and not Tesco's Chairman, Sir Richard Broadbent, because Broadbent is too close to Chief Executive Philip Clarke. Clarke and Broadbent face shareholders at Tesco's annual meeting after its decline in like-for-like sales worsened in recent trading.One of Tesco's largest investors has told the Sunday Telegraph that Sir Terry Leahy left a "poisoned chalice" for Philip Clarke, his successor as Chief Executive of the supermarket group. David Herro of Harris Associates, which owns 1.92% of Tesco, said Leahy was wrong to comment recently on Tesco's performance because Clarke was dealing with decisions made by Leahy. Clarke has "correctly specified the problems", Harris said ahead of Tesco's annual meeting on June 27th.AstraZeneca is considering selling the rights to some of its future revenues to increase its cash reserves and help ward off a further takeover attempt by Pfizer of the US, the Financial Times reported. The drug maker is working with bankers on how to sell future income streams from some existing treatments after fighting off Pfizer's near-£70bn takeover attempt last month. Selling the rights would bring in large sums of money to fund research or be paid back to shareholders. It would also deny the funds to Pfizer if it bought AstraZeneca, making the UK company less attractive as a target. Police are treating as arson a fire that badly damaged Asos's main warehouse and forced the fashion retailer to shut its website, the Sunday Telegraph reported. South Yorkshire police have started a criminal investigation into the fire at the Barnsley site on Friday night. The fire forced the online retailer to stop taking orders and caused "substantial damage", Asos said. Asos has issued two profit warnings since March and its shares have fallen 55% since the start of the year on fears it is overstretched, the Sunday Times pointed out.Shire, the FTSE 100 drugs company, will use a June 23rd webcast to investors to seek support for rejecting a £27bn takeover approach from AbbVie of the US, according to the Sunday Times. Shire revealed its rejection of the approach on June 20th but City sources expected AbbVie to return with a higher offer, the paper wrote. Shire's Chief Executive, Flemming Ornskov, will give details in the webcast of how Shire expects to double sales to $10bn by 2020.The Governor of Norway's central bank and the head of Sweden's financial regulator have said the Bank of England (BoE) should rein in mortgage lending to prevent a housing crash, the Sunday Telegraph reported. Oystein Olsen, Governor of Norges Bank, said stricter regulation of banks was needed. Martin Andersson, who heads the Swedish watchdog, said his decision to require bigger deposits for mortgages had been vindicated. "The sooner you start, the less hard you need to be on the measures you take," he stated. The Bank of England's Financial Policy Committee (FPC) is ready to constrain mortgage lending this week, the Sunday Times says. Policymakers are under pressure to rein in signs of risky lending in the mortgage market but lenders fear the BoE could strangle the slowing mortgage market. The FPC held its quarterly meeting on June 17th and its decisions will be announced on June 26th. The FPC is concerned about a rise in home loans with small deposits.A group of 54 senior City executives have written to the Sunday Times expressing concern about the UK's lack of influence in warding off European measures to constrain financial services such as bonus caps and a financial transaction tax. Among the signatories are Robert Hiscox, Chief Executive of Hiscox, and Oliver Hmlsey, Chief Executive of Numis. The letter said: "As we enter a period of EU reform and renegotiation, we urge political leaders to remember the significant contribution that our industry plays in Britain's economic success."Centrica is selling its gas operations in Trinidad and Tobago in a £250m auction that is part of a wider asset sale by departing Chief Executive Sam Laidlaw. The Sunday Times said the sale of the British Gas owner's Caribbean assets comes seven years after Centrica acquired them as part of a search for non-North Sea supplies.Royal Bank of Scotland has told the Business Secretary Vince Cable that a sale of its Willams&Glyn business before the 2016 deadline is unlikely, the Sunday Telegraph reported. Cable said last week he wanted the sale speeded up. RBS has to sell the 316-branch business under orders from the European Commission and has said it needs time to building a £300m computer system.The UK Treasury is ready to approve a "back-door" bonus plan at RBS that will pay millions of pounds in shares to top managers, the Sunday Times said. RBS's Chief Executive Ross McEwan is set to receive £1m a year in "allowances" that other RBS bankers are already getting. UK Financial Investments, which manages the Government's 80% stake in RBS, will approve the payments formally at RBS's annual meeting in Edinburgh. RBS has introduced the payments to get round European Commission limits on banker bonuses.British Car Auctions, the UK's biggest seller of used vehicles, is planning a flotation that could value it at £1.2bn. The Sunday Telegraph said the company, bought by private equity firm Clayton Dubilier & Rice for £400m in 2010, has risen in value after a jump in the number and price of second-hand vehicles.Inflexion, the private equity firm, is considering floating On the Beach in a transaction that would value the online holiday company at about £200m, the Sunday Telegraph holds. Inflexion has held a "beauty parade" of banks seeking to lead the initial public offering. Inflexion bought On the Beach for £73m last October.Eircom, Ireland's biggest telecom company, is putting the finishing touches to a London stock market listing two years after it descended into bankruptcy. The Sunday Times said Eircom wants to raise about €1bn from investors in the UK and Ireland in a transaction valuing it at more than €3bn. The offering could come as soon as September and Eircom is considering having its primary listing in the UK.Britain's business rates system needs radical reform to stop its effects undoing the Government's work in lowering corporation tax, the CBI business lobby group said, according to the Sunday Telegraph. Katja Hall, the CBI's deputy director general, said the Government's decision not to hold a fundamental review was "disappointing". She called for rates to be linked to rental rather than land values and to exempt small and medium sized enterprises.SF
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27 Mar 2024 20:59

Barclays executive denies discrimination in employee case

LONDON, March 27 (Reuters) - Barclays' former Global Head of Race at Work has defended her decision not to investigate further an employee complaint alleging racial, religious and sex discrimination at the British bank, an employment tribunal in London heard on Wednesday.

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27 Mar 2024 14:42

Bank of England steps up scrutiny of private equity and bank valuations

LONDON, March 27 (Reuters) - The Bank of England said on Wednesday it was taking a deeper look at risks from the opaque private equity sector, and why valuations of Britain's main banks are "subdued" compared with international peers.

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27 Mar 2024 13:44

Libor trader Hayes loses appeal against rate-rigging conviction

LONDON, March 27 (Reuters) - Tom Hayes, the first trader in the world to be jailed for interest rate rigging, lost his appeal against his conviction on Wednesday, a decision he said he would seek to challenge at the UK's Supreme Court.

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27 Mar 2024 13:17

UK dividends calendar - next 7 days

Thursday 28 March 
Alliance Trust PLCdividend payment date
Balanced Commercial Property Trust Ltddividend payment date
Berkeley Group Holdings PLCdividend payment date
BHP Group Ltddividend payment date
BlackRock Energy & Resources Inc Trust PLCex-dividend payment date
BlackRock Sustainable American Income Trust PLCex-dividend payment date
BlackRock Throgmorton Trust PLCdividend payment date
BP PLCdividend payment date
City of London Investment Group PLCdividend payment date
Crown Place VCT PLCdividend payment date
CT UK Capital & Income Investment Trust PLCdividend payment date
Develop North PLCdividend payment date
Diversified Energy Co PLCdividend payment date
Downing Renewables & Infrastructure Trust PLCdividend payment date
Gateley Holdings PLCdividend payment date
Genus PLCdividend payment date
Hargreaves Lansdown PLCdividend payment date
HICL Infrastructure PLCdividend payment date
Idox PLCex-dividend payment date
Imperial Brands PLCdividend payment date
Melrose Industries PLCex-dividend payment date
Mid Wynd International Investment Trust PLCdividend payment date
Moneysupermarket.com Group PLCex-dividend payment date
NextEnergy Solar Fund Ltddividend payment date
North Atlantic Smaller Cos Investment Trust PLCdividend payment date
Personal Group Holdings PLCex-dividend payment date
Premier Miton Global Renewables Trust PLCdividend payment date
Quartix Technologies PLCex-dividend payment date
Renewables Infrastructure Group Ltddividend payment date
Schroder Real Estate Investment Trust Ltddividend payment date
SDCL Energy Efficiency Income Trust PLCdividend payment date
Smith & Nephew PLCex-dividend payment date
Taylor Wimpey PLCex-dividend payment date
Thames Ventures VCT 2 DSO 1 D PLCdividend payment date
Travis Perkins PLCex-dividend payment date
Utilico Emerging Markets Trust PLCdividend payment date
Vaalco Energy Incdividend payment date
Value & Indexed Property Income Trust PLCex-dividend payment date
VH Global Sustainable Energy Opportunities PLCdividend payment date
Volution Group PLCex-dividend payment date
Wynnstay Group PLCex-dividend payment date
Friday 29 March 
Energean PLCdividend payment date
Fiske PLCdividend payment date
Triple Point Social Housing REIT PLCdividend payment date
Monday 1 April 
no events scheduled 
Tuesday 2 April 
Ashmore Group PLCdividend payment date
Braemar PLCdividend payment date
Fair Oaks Income Ltddividend payment date
Fonix Mobile PLCdividend payment date
JPMorgan European Growth & Income PLCdividend payment date
MJ Gleeson PLCdividend payment date
RM Infrastructure Income PLCdividend payment date
Shoe Zone PLCspecial dividend payment date
Temple Bar Investment Trust PLCdividend payment date
Tritax Big Box REIT PLCdividend payment date
Warehouse REIT PLCdividend payment date
Wheaton Precious Metals Corpex-dividend payment date
Wednesday 3 April 
Barclays PLCdividend payment date
Tetragon Financial Group Ltddividend payment date
  
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A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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27 Mar 2024 11:45

UK Libor trader Hayes loses appeal against rate-rigging conviction

LONDON, March 27 (Reuters) - Tom Hayes, the first trader jailed worldwide for interest rate rigging, lost his appeal against his conviction in a London court on Wednesday.

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26 Mar 2024 09:40

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

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

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21 Mar 2024 11:45

Citi, Barclays set to trim investment banking headcounts

(Sharecast News) - Banking giants Barclays and Citigroup were reportedly gearing up to trim their investment banking workforce, it emerged on Thursday, amid a slowdown in dealmaking activity within the sector.

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14 Mar 2024 09:51

LONDON BROKER RATINGS: Kepler Cheuvreux likes Diageo; BofA lifts Man

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

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12 Mar 2024 08:42

UPDATE: York consortium sells call options over 10 million LSEG shares

London Stock Exchange Group PLC - London-based stock market operator and data provider - JP Morgan Securities PLC on Tuesday confirms that BCP York Holdings LP sold call options over around 10 million voting shares in LSEG, having announced plans to do so after the London market close on Monday. The call options were sold to Barclays Bank PLC, Merrill Lynch International, Citigroup Global Markets Ltd, Goldman Sachs International, JP Morgan Securities PLC and Morgan Stanley & Co International PLC. The call option shares represent around a 1.9% economic and voting interest in LSEG. BCP York is an entity owned by a consortium of certain investment funds affiliated with Blackstone Inc, and including an affiliate of Canada Pension Plan Investment Board, an affiliate of GIC Special Investments Pte Ltd, Thomson Reuters Corp and certain other minority holders. Thomson Reuters didn't participate in the call option transaction.

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11 Mar 2024 19:21

IN BRIEF: Consortium to sell call options over 10 million LSEG shares

London Stock Exchange Group PLC - London-based stock market operator and data provider - JP Morgan Securities PLC says BCP York Holdings LP intends to sell call options over around 10 million voting shares in LSEG. Shares to be sold to Barclays Bank PLC, Merrill Lynch International, Citigroup Global Markets Ltd, Goldman Sachs International, JP Morgan Securities PLC and Morgan Stanley & Co International PLC. The call option shares represent around a 1.9% economic and voting interest in LSEG. BCP York is an entity owned by a consortium of certain investment funds affiliated with Blackstone Inc, and including an affiliate of Canada Pension Plan Investment Board, an affiliate of GIC Special Investments Pte Ltd, Thomson Reuters Corp and certain other minority holders. Thomson Reuters will not participate in the call option transaction.

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1 Mar 2024 15:06

London close: Stocks start the month with positive close

(Sharecast News) - London's financial markets finished in positive territory on Friday, with investor sentiment buoyed by the recent easing of inflation in the United States, as market participants mulled the latest manufacturing data from the UK.

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1 Mar 2024 10:08

IN BRIEF: AB Foods appoints Barclays to run GBP250 million buyback

Associated British Foods PLC - London-based food and ingredient company and owner of fast-fashion retailer Primark - Enters agreement with Barclays Capital Securities Ltd to run the second tranche of AB Food's GBP500 million share buyback programme. The second tranche will be for up to GBP250 million and commence following the completion of the first tranche of the programme, expected before May 1. The first tranche, conducted by UBS Group AG, commenced on November 14. All shares repurchased will be cancelled.

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29 Feb 2024 16:05

London close: Stocks finish positive as US inflation moderates

(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.

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27 Feb 2024 16:08

Barclays to sell $1.1bn of card debt to Blackstone - report

(Sharecast News) - Barclays has agreed to sell around $1.1bn of credit-card receivables in the US to Blackstone as it looks to reduce its risk-weighted assets and create additional lending capacity.

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27 Feb 2024 11:33

IN BRIEF: Faruqui of Barclays named new Takeover Panel head

Barclays PLC - London-based bank - Omar Faruqui, "one of Barclays' most experienced advisory practitioners," is named as next director general of the UK's Takeover Panel, effective from May 1. Faruqui is Barclays' co-head of Europe, Middle East & Africa Mergers & Acquisitions; co-head of UK Advisory; and on the management team of EMEA Investment Banking. After taking up the director general post, he will be on a two-year secondment from Barclays.

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