FTSE 100 finishes sharply lower as financial stocks weigh
FTSE 100, which has been hitting record highs over the past weeks, hit a five week low
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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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FTSE 100, which has been hitting record highs over the past weeks, hit a five week low
Substantial growth in recurring revenue is helping to provide income predictability.
Deutsche Bank repeated a 'buy' rating on Lloyds and Barclays and raised its target price on both stocks
The dollar's revival did not last long, and although a weak dollar is regarded as being detrimental to the FTSE, the top-shares index still managed a 50 point gain
Investments and investor services
The FTSE 100 closed around 15 points lower - at 7,715
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The fall-out from the Carillion collapse continued, the US market saw more volatility, meanwhile, Bitcoin continued to slump testing US$10,000.
Carillion's contracts, joint venture partners and lenders are hanging in the balance after confirming its collapse
The US investment bank raised its stance on RBS to ‘overweight’ from ‘equal-weight’ with an increased target price of 330p from 265p, with the shares trading at 288.6p
Carillion, Lloyds, RBS and BT were in the spotlight in 2017 and are likely to remain closely eyed by investors in 2018
Investments and investor services
The Dow rose 28 points to 24,774 and the S&P 500 advanced 2 points to 2,683.
The two FTSE 100 companies expect to benefit from the US corporate tax changes in the long-run, but said they would have to take a one-off hit this year
For the 29th year in the past 34, the blue chips have closed up on the first trading day after Christmas...
A slump in the value of the pound was, as usual, a signal for investors to pile into FTSE 100 stocks
Prime Minister Theresa May has secured a deal with European Union to move Brexit talks onto the next phase
Shares in Lloyds, RBS, Barclays and HSBC rose after the Basel Committee ended a year-long deadlock on bank capital rules
Investments and investor services
Some of the biggest risers and fallers in London on Friday.
Barclays said the reduced stake in Barclays Africa will boost its capital buffers in the wake of the Bank of England's stress test results
Analysts believe Lloyds may need to raise its capital ratio target after suffering a larger drawdown in this year's stress tests
Investments and investor services
London's blue-chip index closed the day lower but retailers and housebuilders did well, oh, and there was some Brexit news...
Some of the biggest risers and fallers in London on Monday