Barclays restarts dividends
Reuters - 27 minutes agoBarclays Plc said strong investment banking helped limit a fall in profit in the third quarter and it expects bad debts to peak earlier than it had previously expected.
Barclays Plc said strong investment banking helped limit a fall in profit in the third quarter and it expects bad debts to peak earlier than it had previously expected.
Nov. 10 (Bloomberg) -- Barclays Plc , the U.K.’s second largest bank, said third-quarter net profit fell 54 percent as impairment charges climbed.
Banking group Barclays PLC on Tuesday reported strong earnings in its investment banking unit and announced the restart of dividend payments, but also warned that the bad debts weighing on its profits have not yet peaked.
Nov. 10 (Bloomberg) -- Absa Group Ltd., the South African bank controlled by Barclays Plc , was raised to “hold” from “sell” at Deutsche Bank AG, which increased its price estimates for all of the nation’s largest lenders.
Nov. 10 (Bloomberg) -- Barclays Plc , the U.K.’s second largest bank, said third-quarter profit fell 54 percent as impairment charges climbed. Net income fell to 1.08 billion pounds ($1.8 billion) from 2.33 billion pounds in the year-earlier period, the London-based bank said today in a statement.
Nov. 10 (Bloomberg) -- Bank of America Merrill Lynch, Barclays Plc and JPMorgan Chase & Co. are competing to sell shares for state-run companies in India as the government plans the biggest sell-off in at least five years.
Bank of America Merrill Lynch, Barclays Plc and JPMorganChase & Co. are competing to sell shares for state-run companies in India as the government plans the biggest sell-off in at least five years.
Nov. 9 (Bloomberg) -- Helmut Kiener , the K1 Group hedge- fund founder, accused German prosecutors of relying on “unfounded” allegations made by Barclays Plc before his arrest on suspicion of fraud last month.
Nov. 9 (Bloomberg) -- The dollar’s declining share of global currency reserves is almost entirely a result of weaker valuation rather than attempts by central banks to diversify holdings, according to Barclays Plc.
LONDON (Reuters) - Barclays Plc said strong investment banking powered a 1.56 billion pound profit in the third quarter, helping offset a big bad debt charge, as the bank restarted dividend payments.
Nov. 9 (Bloomberg) -- Barclays Plc , Britain’s second-largest lender, plans to increase staff in Asia by 10 percent next year, said Robert Morrice , the bank’s Asia-Pacific chairman and chief executive officer.
Nov. 9 (Bloomberg) -- Barclays Plc plans to double its investment banking team in India over the next 18 months, said Robert Morrice, Asia-Pacific chairman and chief executive officer for Barclays Capital.
Barclays said a third-quarter haul of £1.5billion helped profits more than double in the first nine months, while HSBC reported results 'significantly ahead' in the quarter to September 30.
However, the bank's revenues were up 26 per cent from a year earlier to £23.8 billion.
Nov. 6 (Bloomberg) -- Barclays Plc and Nomura Holdings Inc. , which never ranked among the top 10 merger advisers worldwide in the past decade, are luring hundreds of bankers as competitors cut jobs and cap bonuses under government pressure.
An adult learning project has been given a £100,000 cash boost by Barclays Bank. (05/11/2009 14:24:12)