FTSE 100 closes slightly in red as traders sit on hands ahead of central bank updates
FTSE 100 closed down 0.46 points, or 0.01% at 7,700 on Monday
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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Banks in the foreground as the BoE and Fed make rate decisions; Barclays, Lloyds, RBS all report results
Aside from the raft of banking numbers in the Week Ahead, the likes of BP, Centrica, Next, Rolls-Royce, BAE Systems and Taylor Wimpey will also continue the FTSE 100 reporting splurge
Barclays says UK SFO has made an application to the High Court to reinstate charges dismissed in May
Two of the charges are about Barclays PLC conspiring with former senior officers and employees of the company to commit fraud by false representations relating to advisory services agreements entered into with Qatar Holding LLC in 2008
Daily CryptoCann™ Report: Barclays files two crypto patents; VR headset brings to life a virtual dispensary
The legacy bank filed patents for methods of transferring digital currency and recording data in a ledger
Lloyds loses UK mortgage market share but remains biggest lender, UK Finance reveals
RBS overtook Barclays to become the fourth largest lender of mortgages while HSBC also grew its market share
Computacenter downgraded by Barclays on valuation grounds following strong share performance
Analysts said the FTSE 250 computer services company had seen good share price growth following a strong first quarter but were cautious on flat growth in its services arm
HSBC completes separation of retail bank to meet ring-fencing rules
HSBC finished setting up its ring-fenced bank six months ahead of the legal deadline
Lloyds downgraded and Barclays upgraded in HSBC’s sweeping review of banks
Aside from the price target changes for Lloyds and Barclays, HSBC analysts reckon market sentiment has shifted from overly optimistic to overly pessimistic
Virgin Money and CYBG merger could face IT meltdown like TSB, analysts warn
Analysts fear Virgin Money and CYBG could experience an IT crash like TSB in integrating its computer systems
UBS repeats ‘buy’ on Lloyds Banking Group as it reflects on new ring-fencing rules from 2019
The Swiss bank's analysts noted that Lloyds and Barclays PLC are trading at a 13-17% discount to a sector trading at the highest implied cost of equity since mid-2016
FTSE 100 closes in the red; Carnival cruises to the bottom of the pile
The UK's index of leading shares finished down around 54 points at 7,686 on Tuesday.
FTSE 100 drops 1.26% as political turmoil in Europe hits
In the current markets, the pound fell 0.49% against the US dollar at 1.1472..
Standard Chartered higher on report Barclays considering possible merger with rival lender
The Financial Times said Barclays' senior board members were exploring a deal with another bank and that chairman John McFarlane was keen on the idea of a possible combination with Standard Chartered
Investments and investor services
FTSE 100 closes firmly in red as resource stocks suffer
Global markets are in the red after Donald Trump said he was not happy with the progress of talks with China.
Barclays says SFO charges regarding the bank's capital raising in 2008 dismissed by UK Crown Court
The SFO filed criminal charges in June 2017 against the lender and four of its former top executives for their handling of Middle Eastern investments that helped save the bank at the height of the financial crisis
Barclays reportedly urged to slim down its investment banking arm by activist investor
According to Reuters, Bramson wants Barclays to get shot of the non-profitable parts of the investment banking business but others argue that the bank needs to maintain a full-service offering
Lloyds to sell Irish residential mortgage portfolio to Barclays
Lloyds will make a pre-tax loss of £110mln on the sale of the portfolio, which will be recognised in its first half results
Banks lead global dividend growth but Brexit plagues Lloyds, RBS and Barclays, says investor
“UK banks are not a focus for us because of UK consumer weakness and corporate spending concerns sparked by Brexit," said Martin Currie's Mark Whitehead
Morgan Stanley upgrades UK equities to ‘overweight’ despite Brexit uncertainty
Equities should benefit from higher commodity prices and rising corporate activity, Morgan Stanley said.
Barclays boss Jes Staley fined £642,430 for trying to unmask whistleblower
Barclays will need to provide regulators with annual updates on its policies for handling whistleblowing.