Barclays to resume dividend as Covid loan provision hits £4.8bn February 18, 2021 Barclays today said it will resume its annual dividend as the banking giant’s profit suffered a less severe hit from the pandemic than expected. The bank announced a dividend of 1p per share, as well as a £700m share buyback, after regulators banned payouts last year following the outbreak of Covid-19. It came as Barclays [...]
UK exports to provide £176bn boost despite supply chain challenges December 9, 2021 UK manufacturing exports will bring in £176bn to the domestic economy, according to new research from financial giant Barclays.
Barclays fined £26m for mistreatment of customers in arrears December 15, 2020 The UK’s financial watchdog has fined Barclays £26m for failures in its treatment of customers who fell into financial difficulties. The Financial Conduct Authority (FCA) found that Barclays had mistreated some retail and small business customers who fell into arrears between April 2014 and December 2018. Read more: Parlez-vous Français? Paris’ finance sector gets ready [...]
Coinbase (est 2012) $87bn market cap is ironically more than Barclays (est 1896) April 15, 2021 It was a seminal day for cryptocurrency yesterday, with Coinbase becoming the largest business of its kind to list on the Nasdaq.
Barclays profit more than doubles to £2.4bn, as it shifts call centres to UK from India April 30, 2021 Barclays’ profit more than doubled in the first quarter despite not releasing cash set aside to cover bad loans from the pandemic like its British rivals. The bank posted a pre-tax profit of £2.4bn for the first three months of the year, up from £923m in the same period a year earlier and beating an [...]
Hedge fund boss Sir Paul Marshall plots Spectator swoop June 11, 2023 Hedge fund boss Sir Paul Marshall is mulling a potential bid for the Spectator magazine after its parent company was forced into receivership last week, according to reports.
More retail misery as Brits’ spending shrinks to lowest level in three years June 4, 2024 May proved to be another miserable month for retailers, as cash-strapped Brits said no to treating themselves in the face of rising bills and unfavourable weather.
Barclays faces fresh shareholder showdown over fossil fuels ahead of COP26 March 2, 2021 Barclays faces a second consecutive year of shareholder pressure on its position as Europe’s largest fossil fuel financier, after a shareholder resolution has been filed for the bank’s upcoming AGM on 5 May. The resolution calls for financing and exposure to coal, oil and gas to fall in line with the Paris Agreement’s climate goals. [...]
Panmure Liberum to cut dozens of jobs after landmark City merger June 3, 2024 Newly-formed investment bank Panmure Liberum is planning to cut more than two dozen jobs after a merger between two of the City's leading brokers earlier this year.
Bosses from Natwest, Shell and Sainsbury’s join PM’s new taskforce to boost growth July 18, 2023 Top bosses from firms including Barclays, Aviva and Shell have joined the Prime Minister’s new business council aimed at supercharging the UK’s growth. Prime Minister Rishi Sunak will chair the first business council meeting at No10 today, followed by a glitzy reception for scores of industry bigwigs to celebrate UK enterprise. CEOs including Alison Rose [...]