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Https://www.liverpoolecho.co.uk/news/liverpool-news/strikes-loom-after-royal-mail-27981437
Sharecast News) - Third-quarter headline profits at Barclays were ahead of analysts' forecasts, but the bank cut its guidance for retail banking net interest margin (NIM) for 2023, leading to a sharp fall in the share price on Tuesday morning.
The full-year Barclays UK net interest margin - the difference between interest income and the amount it pays back in interest on deposits - was revised to 3.05-3.10%, down from earlier guidance of 3.15-3.20%.
"Guidance is sensitive to the level and mix of deposit balances and further changes in expectations for interest rate," the company said.
The stock was down nearly 7% at 134.42p in early deals.
Barclays reported that pre-tax profit in the three months to 30 September came in at £1.89bn, down 2% year-on-year but well ahead of the consensus forecast of £1.77bn.
Total income for the quarter came to £6.26bn, down 2% on last year, as a decent performance from its international consumer, cards and payment division (up 9% at £1.36bn), was offset by a 6% fall in investment banking to £3.08bn.
Barclays' UK retail banking income declined by 2% to £1.83bn, as improvements in business banking income were offset by a slip in personal banking and sharp fallings in the Barclaycard Consumer unit.
Group return on tangible equity was 11%, bringing year-to-date RoTE to 12.5%, while the common equity tier 1 (CET1) ratio improved to 14% from 13.5% at the half-year stage.
Looks like there was an incident
https://www.standard.co.uk/business/ftse-100-live-aj-bell-lseg-rentokil-inflation-pound-dollar-stocks-shares-interest-rate-b1114503.html
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Barclays among major banks reportedly sitting out latest wave of buyouts
Published: 07:10 09 Oct 2023
Written by: Ian Lyall
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Barclays PLC
LSE:BARC
Barclays PLC - Barclays: Major banks reportedly sitting out latest wave of buyouts
Barclys is one of those lenders reportedly sitting on the sidelines
Major banks such as Bank of America and Barclays PLC (LSE:BARC) are showing reluctance to lead financing for riskier buyouts this year, concerned that such loans could become liabilities on their balance sheets, according to the Financial Times.
This caution follows challenges the banks faced last year in offloading debt related to high-profile acquisitions, including Elon Musk's purchase of Twitter, the paper added.
Bank of America has notably dropped from fourth place in 2021 to 22nd in leveraged buyout (LBO) loan and high-yield bond underwriting league tables, while Barclays has fallen from third to 15th.
The hesitancy among traditional banks has led to a rise in loans directly arranged by private credit funds, limiting the pool of potential lenders for large takeovers.
This shift could deprive banks like Bank of America and Barclays of lucrative origination fees and secondary trading opportunities.
Https://www.bbc.co.uk/news/uk-england-northamptonshire-66998769
Https://www.marketscreener.com/quote/stock/THYSSENKRUPP-AG-436698/news/Thyssenkrupp-in-talks-to-sell-50-of-steel-unit-to-Czech-billionaire-Kretinsky-Handelsblatt-44944977/
Redceo, at the moment Mr k is a on buying spree in mainland Europe...
At the moment I don't think he will add IDS to his shopping list....
Https://uk.news.yahoo.com/stamp-prices-increase-royal-mail-155229946.html
Price rise comes into effect on Monday
Https://www.ft.com/content/217771e8-72b1-452e-b953-bd68febc0f0b