Barclays braces for pressure from activist investor and climate campaigners February 9, 2020 Barclays is facing intense scrutiny on two fronts as the bank prepares to release its annual results on Thursday, as the bank tries to shake off an activist investor and address campaigners’ concerns over its financing of fossil fuels. Barclays came under pressure last year from activist investor Edward Bramson to reduce the size of [...]
Barclays under pressure from second investor group over fossil fuel financing February 5, 2020 Barclays is facing increased pressure over its financing of fossil fuel producers, as it emerged that a second influential shareholder group is pushing the bank to adopt stricter climate change policies. The Investor Forum, whose 50 members control £18.5 trillion assets, has held discussions with the British lender over its climate policies, the Financial Times [...]
Barclays investment bankers face ‘double-digit’ cut to bonus pool January 24, 2020 Barclays investment bankers are reportedly facing a double-digit fall in their bonus pool for 2019, as chief executive Jes Stanley pushes for the lender to meet profitability targets amid growing pressure from an activist investor. Barclays Investment Bank reported a strong third-quarter performance with a 41 per cent jump in net profit. But the division’s [...]
Climate change: Barclays shareholders call on bank to stop financing fossil fuel firms January 8, 2020 A group of Barclays shareholders have taken formal action against the bank, demanding it stops financing fossil fuel companies that are not aligned with the Paris Agreement’s climate change goals. A group of 11 institutional investors managing over £130bn of assets, coupled with over 100 individual investors have launched the shareholder resolution – thought to [...]
Former Barclays trio face Qatar trial at Old Bailey October 6, 2019 Three former Barclays executives charged with fraud in connection with Qatar’s part in the bank’s emergency cash injection during the financial crisis face trial tomorrow. The highly-anticipated trial, which is set to last into 2020, will look into how the British bank secured billions from Qatari investors and avoided a taxpayer-funded bailout in 2008. The [...]
Watchdog’s ban on ex-Barclays executive holding senior positions overturned August 16, 2019 A ruling by the financial watchdog banning former Barclays executive Andrew Tinney from holding senior positions at financial institutions has been overturned. Tinney, former chief operating officer of Barclays Wealth, was also cleared of misleading the Financial Conduct Authority (FCA) and the US Federal Reserve Bank of New York, but a finding he “acted without [...]
ii view: Lloyds Bank friendless on results day August 1, 2019 | City Talk by Keith Bowman from interactive investor. Lloyds continues to bear down on costs to offset tough market conditions, but shares have slumped. Half-year results to 30 June 2019 Net income down 2% to £8.82 billion Pre-tax profit down 7% to £2.89 billion Earnings per share down 7% to 2.7p Interim dividend up 5% to 1.12p per share Chief [...]
FTSE 100 bosses to meet President Donald Trump during UK state visit May 31, 2019 A group of FTSE 100 chiefs will meet US President Donald Trump during his state visit to the UK next week, Sky News has reported, along with the heads of various US companies. Read more: European stock markets bleed red as Trump takes trade war to Mexico The bosses of Barclays, National Grid, BAE Systems, [...]
City Moves for 31st May – Who’s switching jobs at Irwin Mitchell, Paysafe and Barclays? May 31, 2019 Today's City Moves includes Irwin Mitchell, Paysafe and Barclays. Irwin Mitchell Irwin Mitchell has appointed a new chief financial officer. Richard Allen joins the Irwin Mitchell executive board after a spell of almost five years as group financial controller at Drax Group. He replaces Andrew Merrick who has been at Irwin Mitchell for six years [...]
Rolex giant Watches of Switzerland begins London IPO debut with £650m valuation May 30, 2019 The UK’s largest seller of Rolex watches has begun life as a listed firm in the Square Mile today, having priced its shares towards the top end of the range it had targeted. Investors start trading in Watches of Switzerland on the London Stock Exchange today after the firm priced its shares at 270p, valuing [...]