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FTSE 100 ends in the red as traders mull Fed chair's familiar message
The UK premier share index closed down around 33 points, or 0.47%, at 7,091, below the session peak of 7,124 and above the low of 7,073
Company
LON:BARC
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs 147,000 people.
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The UK premier share index closed down around 33 points, or 0.47%, at 7,091, below the session peak of 7,124 and above the low of 7,073
The company, which is behind the stablecoin USD Coin, will go public via a merger with Bob Diamond's NYSE-listed Concord Acquisition Corp that will value it at around US$4.5bn
The banking giant said customers will no longer be able to make credit or debit card payments to the crypto exchange following its ban by the FCA last week
Analysts said they expected the FTSE 100 bank's half-year results later this month to show “improving asset quality as six months’ worth of economic upgrades are reflected in provisioning needs”
A possibility of an interest rate rise at the end of 2022 adds to the appeal
Single-use plastics account for over a third of plastics produced every year, with 98% manufactured from fossil fuels
Funds managed by Sherborne Investors have disposed of their entire 6.01% stake in Barclays having achieved nothing except perhaps a trading loss
Demand for it to curb lending to the coal industry have been tabled at its AGM tomorrow
"We estimate the UK economy will grow at its fastest rate since 1948"
Credit card income tumbled 22% to £0.8bn due to lower balances and less activity
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.
Johnson said that the drop in COVID-19 deaths is not due to the vaccine rollout but to the three-month lockdown
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 were the worst-placed of the FTSE 100 lenders, having both provided over US$50bn of funding over five years
“We welcome the court’s decision to dismiss PCP’s claim in its entirety and award it no damages,” a Barclays spokesperson said
UK banks have “front-end loaded” bad debt charges making for a potentially very strong bounce this year
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
Staveley is asking for £819mln in damages through a civil lawsuit over the bank’s emergency cash call during the 2008 financial crisis
Group profits for the year to end December 2020 fell by 30%
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The UK's index of leading shares fini down over 93 points at 6,617. FTSE 250 plunged 215 points at 20,933