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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: 217.55
Bid: 217.40
Ask: 217.45
Change: 0.80 (0.37%)
Spread: 0.05 (0.023%)
Open: 215.35
High: 217.65
Low: 213.60
Prev. Close: 216.75
BARC Live PriceLast checked at -

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Wednesday newspaper round-up: Nissan, UBS, Barclays...

Wed, 19th Dec 2012 06:52

Britain's biggest carmaker has given the British automotive industry a big boost by announcing it is to start building premium-priced cars under its upmarket Infiniti brand in Sunderland. The move by Nissan, which is already bringing Britain its first mass-produced all-electric car, the Leaf, will create a further 1,000 jobs and secure the Japanese company's position as one of Britain's most important manufacturers. [The Times]Swiss bank UBS was hit with a $1.5bn bill and admitted to fraud today in order to settle charges of manipulating global benchmark interest rates. The penalty agreed with US, UK and Swiss regulators is more than three times the $450 million fine levied on Barclays in June for rigging the Libor benchmark rate used to price financial contracts around the globe. It is the second-largest fine paid by a bank and comes a week after HSBC agreed to pay the biggest ever penalty - $1.92 billion - to settle a probe in the United States into laundering money for drug cartels. [The Independent]Former FSA chief Hector Sants has secured total remuneration worth as much as £3m as part of his move to Barclays next month, according to people familiar with the deal. That would make him one of the 10 highest paid executives at Barclays. [Financial Times]Royal Bank of Scotland and its NatWest offshoot is paying out £10 million in refunds to 300,000 customers whose money it pocketed when they forgot to take their cash after making withdrawals. Unlike other banks, which have a policy of automatically crediting people's accounts when they leave money behind at cash machines, state-owned RBS until recently diverted the money into its own "reserves" account and only repaid it if a customer complained. [The Times]Cerberus Capital Management announced it was selling the American gun company which it helped to create amid a strong investor backlash against firearms firms. The private equity giant said it would "immediately engage in a formal process" to sell Freedom Group, one of America's biggest firearms firms and the manufacturer of the Bushmaster AR-15 semi-automatic rifle used in the Sandy Hook massacre on Friday. Cerberus made it clear it was "not our role to take positions, or attempt to shape or influence the gun control policy debate". But in its statement the investment firm said the "Sandy Hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level." [The Telegraph]The business secretary, Vince Cable, has ordered an inquiry into the collapse of high street electricals chain Comet after the government was left with a £50m bill in unpaid taxes and redundancy costs. The Department for Business, Innovation and Skills (BIS) confirmed that the Insolvency Service had begun a "fact-finding" investigation into the high street chain's failure: "The purpose of the inquiry is to investigate the circumstances surrounding its insolvency and establish whether further action is required," said a spokeswoman. [The Guardian]BC
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19 Jan 2024 09:28

LONDON BROKER RATINGS: BofA cuts Pearson, raises Just Eat Takeaway

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

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18 Jan 2024 14:33

Britain's finance minister Hunt to quiz bank bosses on UK lending

LONDON, Jan 18 (Reuters) - Britain's finance minister Jeremy Hunt will meet the bosses of top British banks next Tuesday to seek reassurance they can keep lending to the economy, four sources familiar with the matter said on Thursday.

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18 Jan 2024 09:26

Sainsbury's to gradually withdraw from banking

LONDON, Jan 18 (Reuters) - British supermarket Sainsbury's said on Thursday it would wind down its banking business and instead offer financial products through third parties, as part of a strategy to focus on its core retail operations.

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17 Jan 2024 18:39

Bank CEOs, huddled in private in Davos, worry about competition, economy - sources

DAVOS, Jan 17 (Reuters) - Bank CEOs meeting in private at the World Economic Forum on Wednesday aired concerns about the competitive risks from fintech firms and private lenders, and complained about onerous regulations, a source familiar with the matter said.

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16 Jan 2024 12:51

Ex-Barclays duo agree Panmure and Liberum investment bank merger

Jan 16 (Reuters) - Former Barclays veterans Bob Diamond and Rich Ricci have agreed an all-share merger of Panmure Gordon and UK rival Liberum, the firms said on Tuesday, creating Britain's largest independent investment bank amid an extended dealmaking slump.

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16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

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

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16 Jan 2024 08:21

TOP NEWS: Panmure Gordon and Liberum merge to "reinvigorate" UK market

(Alliance News) - City brokers Panmure Gordon and Liberum on Tuesday said they have agreed an all-share merger that will create the "UK's largest independent investment bank" with over 250 quoted corporate clients.

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15 Jan 2024 06:01

London finance job vacancies slumped nearly 40% in 2023, recruiter says

LONDON, Jan 15 (Reuters) - Job opportunities in London's financial sector plummeted nearly 40% last year, recruiter Morgan McKinley said on Monday, as market turbulence and high inflation led employers to tighten their belts on costs.

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11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

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11 Jan 2024 11:36

UK finance watchdog probes possible motor finance misconduct

LONDON, Jan 11 (Reuters) - Britain's finance watchdog said on Thursday it would start looking into the motor finance industry, amid rising tensions between thousands of consumers and finance providers about commission arrangements.

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11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

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10 Jan 2024 17:07

European shares end lower, with miners and travel stocks leading losses

Norway's Dec core inflation lower than expected

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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

(Alliance News) - Stocks in London are tipped for a solid start on Tuesday, following a strong performance on Wall Street and in Asian markets.

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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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