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FTSE 100 closes higher as positive US jobs report boosts sentiment
Footsie closed the day up over 83 points at 7,659, but over the week as a whole it was down 0.54%
Company
Barclays PLC
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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PPI: What’s all the fuss about?
The PPI scandal has been pervasive across advertising spaces for years, but what exactly caused the surge in claims on this previously little-known financial product?
Barclays first half profits slide as litigation and conduct costs bite
Barclays hiked its interim dividend to 2.5p from 1.0p last year.
Archive
FTSE 100 joins European stocks to close lower as trade worries weigh
FTSE 100 lost almost 77 points to close the day at 7,575, while FTSE 250 was also down, off over 252 points at 20,548
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Bank of England widely expected to hike rates but will the decision be unanimous?
A month ago, a rate hike of a quarter of a point seemed nailed on. Most economists still think it is the most likely outcome but the decision may not be unanimous given some recent iffy economic data
Lloyds first-half profits rise 23% despite extra £460mln provision for PPI claims
Lloyds said growth in credit cards business MBNA offset ongoing pricing pressures in mortgages amid tough competition
UK's top banks in the spotlight as Lloyds, Barclays and RBS report interims
Lloyds, Barclays and RBS report their interims this week
Daily CryptoCann™ Report: IBM launches blockchain platform for big banks; Aurora Cannabis receives license for Alberta facility
The tech giant teamed up with FX provider CLS to launch a blockchain app store for financial services
UBS ups Morrisons to ‘buy’ as discounter expansion slows
The bank said that discounters had been a “key source of Morrisons’ switching losses ... over recent years”, but added that Aldi store openings had slowed sharply in the first half of 2018
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
Archive
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.