London’s newly-listed LendInvest scores £150m partnership with Barclays and HSBC August 16, 2021 Property finance asset manager LendInvest has announced a £150m lending collaboration with two of Britain’s biggest banks, just weeks after its £255m IPO on London’s AIM index. The new tie-up is geared towards financing UK property entrepreneurs and will see the British banks provide funding for short-term mortgages through LendInvest’s digital platform. It’s the first [...]
Barclays to offer climate vote to investors next year May 5, 2021 Barclays will offer investors a vote on its climate policy at next year’s investor meeting after pressure from activists and shareholders to become greener. The bank will devise extra climate targets in consultation with shareholders, its chairman Nigel Higgins told a webcast investor meeting today. Barclays set itself a target in March 2020 to reach [...]
Telefonica ‘taps investment bankers at Barclays’ to find partner for Virgin Media O2 fibre rollout September 2, 2021 Virgin Media O2’s Spanish co-owner Telefonica has reportedly hired investment banks Barclays and LionTree to seek a partner to finance its fibre network rollout across the UK in Britain, according to Spanish media outlet El Confidencial.. Virgin Media O2, which merged together two dominant players in the home broadband and mobile industry last year and [...]
Drill, baby, drill: Arctic set for £230bn oil and gas bonanza with JPMorgan, Barclays and Citi piling in September 23, 2021 Oil and gas companies are set to ramp up production in the Arctic by 20 per cent in the next five years, according to a new report shared with City A.M. this morning. The main Arctic expansionists – Gazprom, Total and ConocoPhillips – are backed by hundreds of billions of pounds from dozens of City [...]
Barclays hires JPMorgan veteran Peter Ward to head global e-trading team July 13, 2021 Peter Ward, a JPMorgan veteran, has been hired by Barclays to become head of digital strategy and global electronic trading from September. He will be based in New York City. Ward will report directly to the bank’s co-president, C.S. Venkatakrishnan, who led the global markets business after a major reshuffle at the top, according to [...]
HSBC and Barclays call for open banking reform over higher costs May 24, 2021 UK banks are reportedly unhappy with the high costs associated with open banking reforms which force them to share data with rivals in a bid to increase competition. Open banking is the UK’s implementation of the EU’s revised directive on payment services, which was introduced in 2015. UK regulated banks are required to let customers [...]
Barclays UK assets hit £219bn as easing lockdown sees fewer loan costs July 28, 2021 Barclays UK assets have hit £219bn in the past six months as lockdown measures have eased, allowing for fewer loan costs. The bank’s UK division pulled in a total income of £3.2bn, which was up one per cent in comparison to last year but was partially offset by its operating expenses of some £2.1bn. Shares [...]
Jes Staley out at Barclays: CEO leaves bank after report comes out of Epstein links – CityAM : CityAM November 1, 2021 Barclays boss Jes Staley will leave the bank with immediate effect. The bank’s board saying it is “disappointed” with the outcome of the City watchdog’s report into his links to the late convicted sex offender Jeffrey Epstein. The bank said it was made aware on Friday night of the preliminary conclusions from the FCA’s investigation, [...]
FTSE 100 today: BHP pounces on Anglo American while Meta drags tech lower April 25, 2024 US stocks saw a slight rise amid volatility. Asian stocks declined as Meta reignited tech sell-off, and the Japanese yen dropped below ¥155. Meta's stock fell 15 per cent, contributing to market turbulence. Despite this, oil and gold prices held steady. Investors now await US Q1 GDP data and earnings updates from Alphabet, Microsoft, Intel and Barclays.
Amanda Staveley launches appeal over Barclays court defeat April 18, 2021 Financier Amanda Staveley has launched an appeal after losing her lawsuit against Barclays over the behaviour of the bank’s bosses negotiating investment deals. In a high-profile trial Staveley sued the lender over claims it gave her private equity firm PCP Capital Partners less favourable treatment than other parties in the emergency £7.3bn fundraising that saved [...]