Barclays profits rebound to £2.4bn despite Barclaycard slump
Credit card income tumbled 22% to £0.8bn due to lower balances and less activity
Company
Barclays (ADR)
LON:BARC
Barclays is a global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management. It operates through branches, offices and subsidiaries in the United Kingdom and overseas.
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NatWest and Lloyds Banking set to be dividend kings as bad debt outlook improves
The PRA will make its announcement on dividend guidelines for the banking sector in the next few months. The signs are looking good for banking stocks to reclaim their reputation as dividend demons.
Boris Johnson expects surge in COVID-19 cases with economy reopening, London’s West End books £100mln spree on first day
Johnson said that the drop in COVID-19 deaths is not due to the vaccine rollout but to the three-month lockdown
Extinction Rebellion protest Barclays fossil fuel investments at London HQ
The environmental group said Barclays is the biggest funder of fossil fuels in Europe and has increased spending on fossil fuels in the past year
Barclays and HSBC among biggest backers of fossil fuels projects, report finds
Barclays and HSBC were the worst-placed of the FTSE 100 lenders, having both provided over US$50bn of funding over five years
Barclays wins in High Court against Amanda Staveley, who mulls appeal
“We welcome the court’s decision to dismiss PCP’s claim in its entirety and award it no damages,” a Barclays spokesperson said
Barclays and NatWest set for profit rebound in 2021, suggests broker
UK banks have “front-end loaded” bad debt charges making for a potentially very strong bounce this year
Barclays keeping the Canary Wharf from the door
Barclays boss Jes Staley is looking forward to welcoming colleagues back to the office this year and has downplayed the threat to London as Europe's leading financial centre
Barclays expects High Court judgment on Amanda Staveley case imminently
Staveley is asking for £819mln in damages through a civil lawsuit over the bank’s emergency cash call during the 2008 financial crisis
Barclays resumes dividends but bad debts dent profits
Group profits for the year to end December 2020 fell by 30%
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FTSE 100 finishes firmly in red as US data and pandemic fears add to gloom
The UK's index of leading shares fini down over 93 points at 6,617. FTSE 250 plunged 215 points at 20,933
Barclays and Hays results in focus for Thursday
Barclays and recruitment firm Hays are among the notable names in Thursday's diary.
Barclays says UK bank chair to step down next month ahead of focus shift
Ian Cheshire said he is unable to accommodate the increased time commitment and duration required to deliver the new goals
Barclays hit with fine over poor treatment of customers in difficulty
“Consumers should feel reassured that their lender will work with them to help resolve any financial difficulties, whereas Barclays’s poor treatment of its customers risked making these difficulties worse,” the FCA said
UK banks dividend resumption under discussion by Bank of England
Barclays' boss Jes Staley said talks would be held with the Bank of England towards the end of 2020 about dividend payments
Barclays posts another profit on reduced bad loan expectations
“Barclays UK also returned to profitability in the third quarter, with profit before tax of £196m, as economic activity recovered from the spring low point and impairment charges reduced,” said CEO Jes Staley
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Busy Friday ahead with Barclays, London Stock Exchange Group, Intercontinental Hotels on the schedule
UK retail sales data and flash PMIs are also due before the weekend starts
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FTSE 100 weighed down by sterling's strength; US markets abandon early momentum
The FTSE 100, no fan of a strong exchange rate because so many of its constituents rely heavily on sales in US dollars, dropped 34 points
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Barclays to kick off bank results in coming week; Unilever and William Hill to issue updates and UK inflation data eyed
Other firms on the calendar for the week ahead are Dettol owner Reckitt Benckiser, price comparison site Moneysupermarket and the London Stock Exchange Group
Barclays activist Sherborne vows to stay the course and restructure the bank
Sherborne has a 5.9% stake in Barclays through its funds, making it the largest shareholder.