FTSE 100 close: Barclays surge fails to prevent losses on London index April 27, 2023 London’s FTSE 100 slipped today, pushed lower by investors wobbling over concerns about the health of the global economy amid banking and interest rate fears. The capital’s premier index dropped 0.27 per cent to 7,831.59 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed [...]
Lloyds, HSBC, Barclays and Natwest set to report lower profits – but doubts over rate cuts could lift lenders April 20, 2024 The UK's biggest banks are set to report lower profits and narrower margins in the coming weeks as the interest rate tailwind which pushed their earnings to a record high last year dies down.
Barclays’ staff shortages force it to turn away new business January 16, 2023 Barclays has been turning away companies with more than one director apply for new bank accounts as staff shortages have left the lender unable to complete anything but the most basic background checks. Barclays has struggled to open new business accounts for more than four months, and will probably continue to reject companies with more [...]
Barclays, Lloyds, Halifax and Bank of Scotland to shut 63 more branches – including in London June 2, 2023 Two of the country’s biggest banking giants have announced they are slashing another 63 branches, taking away services from local communities around the UK. Barclays and Lloyds Banking Group between them announced a series of closures which are due to take place later this year or early next year. Barclays said on Friday it was [...]
Barclays shares slide after lowering interest guidance for full year despite beating expectations July 27, 2023 Barclays shares dropped after the lender said it expects the tailwind from rising interest rates to be slowing, despite beating expectations in the second quarter. In the three months to June, Barclays’ profit rose 31 per cent to nearly £2bn, slightly higher than the £1.9bn analysts had predicted. On the back of the results, Barclays [...]
The Very Group: Barclay family-owned retail giant welcomes £125m injection as it falls to half-year loss February 27, 2024 The Very Group, the retail giant owned by the billionaire Barclay family, has secured a £125m investment as it fell to a half-year loss.
Fleet Street site amongst a host of Barclays bank branch closures January 28, 2023 Barclays has announced the closure of 15 branches across the country, meaning over 100 banks are slated to shut down so far this year. The bank is set to close 14 branches across England and one in Wales from late April to the first few days on May. Sites in London, Gosport, Bridgwater and St [...]
Barclays’ AGM disrupted by climate activists furious over bank’s fossil fuel investments May 3, 2023 Environmental protesters have disrupted banking giant Barclays’ annual meeting for shareholders in central London. A few minutes into the meeting, chairman Nigel Higgins was interrupted by a chorus of singers causing several minutes of disruption. Singing a version of the Spice Girls’ Thank You Very Much, the group sang: “Stop right now, no more oil [...]
The Square Mile and Me: David Postings on Barclays, the Jampot and watching Wolves January 19, 2023 This week David Postings, UK Finance CEO, tells us why he's pining for southern Spain, Sweetings remains a top spot and the City should be optimistic
Barclays chief ‘Venkat’ to undergo cancer treatment in New York November 28, 2022 The head of Barclays has been diagnosed with Non-Hodgkin Lymphoma, but doctors have said his “condition is curable,” he announced today. In a statement just after the market open yesterday, C.S. Venkatakrishnan, known as “Venkat” said the illness “has been detected early” and that his “prognosis is excellent”. He will continue to run the bank. [...]