Banks lead Footsie lower on reports of higher PPI bill
The FTSE 100 Index was 10.8 points adrift at 5889.17p as oil prices continued their downward trend
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 FTSE 100 Index was 10.8 points adrift at 5889.17p as oil prices continued their downward trend
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UK equities were in good shape even before ECB president Draghi started sweet-talking the market
The benchmark FTSE 100 Index climbed 21 points to 5,696
Barclays agreed to the settlement without admitting or denying the allegations, the regulator said.
Bloomberg is buying the business for just over £520mln
Investments and investor services
It was a stress-free day for the bulls as the banks bounced higher after the results of the Bank of England's stress tests
The FTSE 100 Index increased 32.8 points to 6388.89 at lunchtime
Investments and investor services
RBS and Standard Chartered rose despite failing to meet all the stress test targets
RBS and Standard Chartered were found to be the weakest of seven major UK banks
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Betfair gets an upgrade to buy from hold from Deutsche Bank, which raised its price target to 4,200p.
UK shares hit highest in a fortnight while German stocks touched three-month highs
Britain's blue-chips keep legal eagles busy; Topshop seeks to fatten the bottom line with Beyoncé; DMGT offloads Wowcher
The bank was fined £72mln by the FCA on Thursday for failing to minimise the risk of potential financial crime
Investments and investor services
FTSE 100 Index rises 21.58 points to 6359 on eurozone bank lending cheer
The British bank is reported to be poised to agree to pay at least £65.7mln
The Footsie rose 39.57 points to 6314 while mainland European shares also gained
“We are very excited about unifying Visa into a single global company," said Visa CEO Charles Scharf.
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Broker heavyweight Deutsche is upbeat on drugs giant GlaxoSmithKline on Friday and has punted up the target price to 1,500p from 1,450p.
Investments and investor services
A "surprisingly stellar October" was ended "in the dullest way possible," according to Spreadex.
Despite some positive data from Europe, FTSE100 was trailing behind at the lunch time point..