FTSE 100 puts in late spurt to close comfortably higher
Shire shares propped up the rest of the Footsie leader-board despite Takeda unveiling an improved offer for the drugs maker
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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Shire shares propped up the rest of the Footsie leader-board despite Takeda unveiling an improved offer for the drugs maker
The British bank said the clothing retailer had been a big under-performer since September 2017, with debate now shifting to questions about its midterm margin sustainability
The agency said the FTSE 100-listed bank’s £1bn effort to ring-fence its UK retail arm had made it a riskier investment overall
The bank said it expects Primark's scope for growth to be "considerably greater" than its rival company Inditex
A look at some of the biggest risers and fallers in London on Thursday.
The UK bluechip-benchmark closed over 165 points higher at 7,199, while the FTSE 250 added over 311 points at 19,576
The blue-chip benchmark closed up around three points at 7,034, with the big cap miners lagging
HSBC has become the fourth major bank to settle with over-the-counter investors over Libor manipulation claims
Barclays chief executive Jes Staley said the bank was pleased to reach a “fair and proportionate settlement".
“As with all its shareholders, Barclays will continue to engage with Sherborne, and welcomes them as a shareholder,” the bank said
Investments and investor services
FTSE 100 closed down 121 points at 7,042, joining other European benchmarks, which saw red
David Lock, Deutsche analyst, in a note, said the bank sent a strong statement of confidence with its dividend and promises of buy-backs
Shares are up almost 24% in late trading, last priced at 5.2 cents.
Investments and investor services
Britain's blue-chip benchmark closed down over nine points, or 0.13% to 7,214..
Investments and investor services
Capita will be a focus on Thursday, others include Bovis House, Cobham, and National Express.
Archive
Day ahead includes a welter of blue chip results from the likes of Standard Chartered PLC, Persimmon PLC, Direct Line Group, and GKN PLC
Investments and investor services
The FTSE 100 was dragged lower by falls in the Royal Bank of Scotland and British Airways owner IAG
The bank has made progress in tackling the PPI saga but legacy issues remain
Barclays plans to restore its dividend in 2018 back to levels before it was cut two years ago
Investments and investor services
In London, the FTSE 100 closed down around 29 points at 7,252