Barclays sees 10% fall as FTSE climbs
Barclays shares have fallen over 10% to 153p as the bank announced its full year profits were 8% lower than last year at £2.073bn.
Barclays
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Aberdeen shares drop 6% on back of downgrade
Shares in Aberdeen Asset Management ended Tuesday around 6% lower as Barclays downgraded its stock to ‘underweight’ from ‘equalweight’.
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AXA to sell off wealth division, reports say
AXA will divest part of its UK business, including the wealth management division, according to media reports.
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Barclays confirms Staley appointment
Barclays has announced James ‘Jes’ Staley is to be its new chief executive, replacing Antony Jenkins.
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Will next Barclays CEO revamp the investment bank?
With Barclays seemingly set to appoint its third CEO since 2012, conjecture has already begun over what exactly James Staley could bring to the business.
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UK banks are the world’s best recovery play – Jupiter
UK banks are currently the best recovery play on the global market, according to Jupiter Fund Management’s Steve Davies.
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Vestra hires three to build on HNW disillusionment
Vestra Wealth has responded to what it describes as high net-worth disillusionment with a triple investment manager hire.
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Barclays poaches Coutts’ Hassel for CIO role
Barclays has appointed Arne Hassel to the newly created role of chief investment officer for the Global Investments and Solutions team within its wealth and investment management business.
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PA ANALYSIS: Income seekers deposit faith in banks
With income high on investors’ wish lists, but with large-cap defensives arguably looking undesirably expensive, the spotlight is back on financials to deliver – and apparently they have.
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BlackRock hones in on European high yield with bond fund launch
BlackRock is targeting European growth and income opportunities with the launch of high yield bond fund.
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PA ANALYSIS: Will rate hike and loan rise be a chance for the challengers?
With business lending set to increase and a rate rise looming, will this window of opportunity for UK challenger banks be something investors can tap into?
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Barclays behind the curve despite 25% profit surge
Barclays is making progress, as demonstrated by its 25% H1 2015 profit surge, says JPMAM’s James Davidson, but is still two years away from warranting income investor interest.