Barclays
British multinational banking and financial services company
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01.07.2024Labour Party wins the general election
01.07.2024Labour Party wins the general election
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business 2025-06-27 18:15
Barclays and Santander eye TSB takeover as approval looms - Sabadell, the Spanish owner of TSB, aims to finalize the takeover deal by July 24.
- The Competition and Markets Authority is not expected to object to the acquisition.
- The takeover reflects significant strategic movements in the UK banking industry.
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business 2025-05-16 00:00
Barclays raises AMD price target following Saudi deal - AMD has announced a deal with Saudi company Humain to supply chips for AI capacity.
- Barclays' analyst raised AMD's price target by $20 to $130, indicating 13% upside potential.
- The overall market sentiment remains bullish on AMD despite a year-to-date decline in stock value.
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business 2025-04-30 00:00
Barclays posts stronger-than-expected profits amid economic uncertainties - Barclays reported a pre-tax profit of £2.7 billion for Q1 2025, surpassing expectations.
- Investment banking income rose by 16% to £3.87 billion, indicating strong performance in this sector.
- The bank prepares for market volatility due to U.S. trade policies and potential economic slowdowns.
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society 2025-04-08 20:30
Barclays ditches diversity targets in the US workforce - Barclays has decided to scrap diversity targets in the United States, adhering to a changing political environment.
- Many US corporations are reducing their diversity initiatives, influenced by governmental shifts in policy.
- Labour's new workers’ rights bill in the UK aims to prevent similar rollbacks and protect employees from discrimination.
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technology 2025-03-31 23:01
Contactless card usage skyrockets to new heights in UK - A record 94.6% of eligible in-store card transactions in the UK were contactless last year, according to data from Barclays.
- The average person used contactless payment technology 236 times in 2024, resulting in approximately £3,800 spent per individual.
- This trend highlights the growing importance of convenience in payment methods while reaffirming the necessity of human interaction in customer service.
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business 2025-03-31 10:17
Antony Jenkins explores sale of fintech company 10X amid market challenges - Antony Jenkins is in discussions with advisers about a potential sale of his fintech company, 10X.
- The company, founded after Jenkins's departure from Barclays, serves customers across three continents.
- A sale is not imminent, and current market conditions may affect the company's valuation.
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business 2025-03-26 00:00
Barclays cuts S&P 500 target amid tariff concerns - Barclays has reduced their S&P 500 price target significantly due to tariff concerns.
- Analysts highlight policy uncertainty as a potential risk factor for economic slowdown.
- Investor confidence is waning ahead of key tariff announcements and could lead to market instability.
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business 2025-03-14 00:00
Barclays upgrades RELX stock amid market uncertainty - On March 14, 2025, Barclays upgraded RELX from equal weight to overweight.
- The upgrade reflects an analysis of RELX's reliable growth potential amid market uncertainties.
- Analyst Nick Dempsey believes RELX will perform better than most stocks during a possible economic downturn.
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business 2025-03-08 12:58
Barclays faces backlash after widespread online banking outage - Barclays customers faced an outage preventing access to online banking and mobile app services, with nearly 1,000 complaints reported.
- The bank experienced previous issues in January, heightening customer frustration during the recent outage.
- Barclays confirmed that services have been restored and apologized for the inconvenience caused to customers.
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business 2025-03-03 16:47
Bankers receive massive bonuses while contributing significantly to taxes - In 2023, HSBC's bonus pool reached $3.8 billion, a significant rise compared to the previous year.
- Former Chancellor Kwasi Kwarteng introduced changes that allowed banks to offer larger bonuses based on performance.
- The high tax contributions from these bonuses are seen as essential for funding public services in the UK.
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business 2025-02-13 16:43
Barclays gives £500 share award to 90,000 employees - Barclays reported a 24% increase in pre-tax profits for 2024, totaling £8.1 billion.
- The bank will grant a one-off share award worth £500 to nearly all of its 90,000 global staff.
- This initiative is part of Barclays' strategic plan to enhance employee engagement and align interests with shareholders.
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business 2025-02-13 00:00
Barclays reports profit rise but guidance disappoints investors - Barclays reported a 24% increase in pre-tax profit for the year 2024, amounting to £8.108 billion, exceeding expectations.
- The bank's net profit rose to £5.316 billion but did not meet analysts' forecasts.
- Despite strong results, analysts noted concerns regarding the bank's cautious guidance for future profitability.
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business 2025-02-07 17:00
Barclays set to announce significant profit boost amid trading momentum - Barclays is expected to report a significant boost in annual profits due to strong trading activity.
- Analysts predict pre-tax profits will rise to £8.1 billion for the fiscal year 2023.
- The results will likely influence the broader UK banking sector's performance during earnings season.
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business 2025-02-03 17:30
Very Group replaces HSBC after Barclay family asset sale order - The Very Group has appointed NatWest to oversee its customer loan portfolio.
- This decision follows HSBC's order for the sale of assets owned by the Barclay family.
- The change signifies a strategic move for Very Group to maintain its financing operations.
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society 2025-02-02 10:28
Banking glitch leaves family homeless after house sale - Paola Mereu and her family sold their house in Uxbridge to purchase a new home in West Sussex.
- Their house purchase was halted due to ongoing IT issues at Barclays Bank, which prevented payments.
- The family ended up homeless and is currently staying with Mrs. Mereu's mother as they await a resolution.
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business 2025-01-31 13:20
Barclays pushes staff to return to the office at least three days a week - Barclays has mandated employees to return for at least three days a week, an increase from the previous two.
- This policy change aligns with a trend among large companies rolling back flexible work arrangements established during the pandemic.
- The decision emphasizes the bank's recognition of the need for collaboration while maintaining some level of employee flexibility.
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business 2024-12-13 13:49
Barclays upgrades Norwegian Cruise Line to $32, sparking debate on cruise industry recovery - Barclays analyst Brandt Montour upgraded Norwegian Cruise Line to Overweight from Equal-Weight, raising the price target to $32.
- The cruise industry is expected to see significant growth in 2025 due to re-energized consumer spending and low tariff exposure.
- The company's cost savings program and strong market demand position it as an appealing choice for investors in the travel sector.
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business 2024-12-05 00:00
American Airlines dumps Barclays and picks Citi as its sole credit card partner - American Airlines has finalized a credit card deal with Citigroup, replacing Barclays.
- The airline anticipates a 10% annual growth in payments from credit card and partner deals.
- The transition to Citigroup will begin in 2026, aiming to enhance customer engagement and revenue.
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business 2024-11-29 09:08
Japanese banks reaffirm support for Adani amid controversy - Japanese banks, including Mizuho, Sumitomo Mitsui, and Mitsubishi UFJ, are continuing their support for the Adani Group amid ongoing investigations.
- The Adani Group faces serious accusations related to a bribery scheme but asserts the allegations are baseless and has not defaulted on payments.
- The contrasting responses from global banks indicate a divide in financial support for the Adani Group, with some deciding to suspend new financing.
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business 2024-11-27 09:10
Barclays cuts mortgage rates, surprising industry experts - Barclays has slashed mortgage rates for both first-time buyers and remortgagers by up to 0.20 percentage points.
- This decision was taken after the Bank of England's rate cut and changes in the swap rate market.
- Industry experts view this move as a bold step that may indicate positive trends for the mortgage sector.
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politics 2024-11-27 00:00
TSB implements new rate changes across residential and BTL products - TSB has raised rates on five-year fixed rates for first-time buyers and movers at 90% and 95% LTV from November 29.
- Other lenders, including Virgin Money and HSBC, have also adjusted their rates, reflecting a wider trend in the mortgage market.
- These changes indicate the potential for further repricing across the market due to ongoing economic conditions.
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business 2024-11-26 12:11
Barclays cuts mortgage rates amid rising pressures from competitors - Barclays is cutting mortgage rates as a response to recent changes in market conditions.
- The Bank of England's recent base interest rate cut to 4.75% has influenced this decision.
- This move by Barclays could signify potential repricing across the mortgage market if conditions remain stable.
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politics 2024-11-26 00:01
Barclays retreats from legal challenge over FCA's Qatari payments ruling - Barclays faced a £50 million fine from the FCA for undisclosed payments to Qatari investors during a 2008 fundraising.
- After two years of legal challenges, Barclays chose to abandon its appeal in November 2024.
- The decision reflects a significant change in the bank’s approach to the regulatory findings it previously contested.
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business 2024-11-26 00:00
Barclays highlights outperforming buybacks in gloomy European markets - Barclays highlighted that its buyback announcement basket outperformed the market by 4.6% since October 2024.
- The investment bank noted an expected increase in corporate buyback activity as the earnings season concludes.
- The trend suggests that companies in sectors like consumer staples, financials, and energy are effectively utilizing buybacks to boost shareholder value amidst market volatility.
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business 2024-11-26 00:00
Barclays predicts major S&P 500 rally in 2025 - Barclays raised its S&P 500 price target to 6,600, forecasting a 10% increase for 2025.
- The equity strategy cites favorable conditions for the U.S. consumer and positive outlook for Big Tech.
- Overall, Barclays remains optimistic about U.S. equity markets despite expected growth deceleration.
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society 2024-11-25 22:01
Barclays fined £40 million for reckless fundraising practices - Barclays raised £11.8 billion through two share sales to foreign investors in 2008 to avoid a taxpayer bailout.
- The FCA found that Barclays’ conduct during the fundraising was reckless and lacked integrity.
- The £40 million fine signifies the conclusion of a lengthy investigation and legal battle over Barclays' practices.
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business 2024-10-28 16:18
Barclays Cuts Fixed Mortgage Rates After Recent Hikes - Barclays will introduce new mortgage rates on October 29, 2024, cutting select fixed-rate deals by up to 0.34 percentage points.
- This decision comes in a context of market volatility and recent rate hikes from several leading lenders like HSBC and NatWest.
- Brokers are optimistic that these changes may signal potential relief for borrowers amid expectations of a Bank of England interest rate cut.
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business 2024-10-14 00:00
Nike's New CEO Elliott Hill Takes Charge Today - Elliott Hill has taken over as CEO of Nike, facing challenges such as innovation needs and softening sales in various regions.
- The market reacted positively to Hill's appointment, with a notable increase in Nike's share price following the announcement.
- Experts believe Hill's extensive experience at Nike will help address the company's current issues and reignite a focus on product innovation.
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business 2024-10-07 14:37
Netflix stock drops as Barclays downgrades ahead of earnings - Netflix shares declined on Monday due to a downgrade from Barclays, which cited valuation and growth concerns.
- Goldman Sachs and Piper Sandler provided more optimistic evaluations, raising their price targets for the company.
- Despite mixed analyst opinions, Netflix's market position remains strong, indicating potential for future growth.
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business 2024-10-01 15:30
Barclays fined £3m for US swap reporting violations - Barclays has been fined $3 million for failing to report swap transactions accurately between 2018 and 2023.
- The Commodity Futures Trading Commission (CFTC) found that the bank violated the Commodity Exchange Act and admitted to its failings.
- This penalty is part of a broader enforcement effort by the CFTC, which has imposed over $60 million in penalties on multiple swap dealers for similar violations.
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category, sub-category 2024-09-19 23:01
Shoppers prioritize health and beauty amid rising living costs - Retail sales overall grew by only 0.1 percent year-on-year in August.
- Spending on health and beauty products increased by 7.3 percent, while clothing sales fell by 1.7 percent.
- Consumers are prioritizing essential health and beauty items over non-essential clothing and accessories.
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category, sub-category 2024-09-16 14:53
Foreign investors pour £3.5 billion into UK firms in May-June - Foreign investors contributed £3.5 billion to UK businesses through private equity from May to July 2024.
- The north west of England saw significant equity funding growth, particularly with RSK Group's £500 million investment.
- The trend of foreign investment in UK firms suggests a robust future for private equity in the country.
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2023 All rights reserved