UK banks: What to make of Lloyds, RBS and Barclays? May 29, 2019 | City Talk By Graeme Evans from interactive investor. Having underperformed since April's stock market peak, here's what to expect from the domestic lenders. With UK banks making heavy weather of Q1 results and the Brexit shackles still in place, there's a clear lack of momentum behind shares of Lloyds Banking Group (LSE:LLOY), Barclays (LSE:BARC) and The Royal [...]
These are the top 25 best-paying companies in the UK May 23, 2019 A report released today has revealed that the UK's 25 highest paying company's offer staff between £61,000 and £90,000 as a median compensation package. The list by job site Glassdoor is dominated by finance and tech firms, three of which have their headquarters in the UK. John Lamphiere, EMEA managing director at Glassdoor, said: “It [...]
Standard Chartered unveils $1bn share buy back plan April 30, 2019 Shares in Standard Chartered rose this morning after the bank unveiled plans for an up to $1bn (773.2m) share buy back and posted a 10 per cent jump in profits for the first quarter of 2019. Underlying profit before tax was up 10 per cent to $1.4bn, the bank announced today, as it revealed that [...]
Barclays shares: Optimists see an opportunity April 29, 2019 | City Talk By Graeme Evans from interactive investor. These results do not impress, but there’s lots going on at Barclays and plenty to interest investors. Without the attention generated by activist investor Edward Bramson, it’s likely that last week’s lacklustre investment banking performance at Barclays (LSE:BARC) may have been passed off as just another quarter blighted by [...]
Standard Chartered looks to win over investors with $1bn share buyback April 21, 2019 Standard Chartered is set to launch a $1bn (£770m) share buyback scheme in a bid to win back trust from embattled investors. Analysts have said the London-headquartered bank, which is focused on Asian markets, is preparing to buy back shares for the first time in a generation. Read more: Standard Chartered settles Iran sanctions probe for [...]
City watchdog hands out second largest ever money laundering fine as Standard Chartered pays $1.1bn to settle transatlantic probe April 9, 2019 The City watchdog has dished out its second largest anti-money laundering fine as part of a transatlantic probe into Standard Chartered. The bank has agreed to pay a total of $1.1bn (£842m) to settle with US authorities and the UK’s Financial Conduct Authority (FCA) over claims it breached sanctions against Iran. Read more: Standard Chartered [...]
Lloyds Bank stars as FTSE 100 rockets in Q1 April 9, 2019 | City Talk By Graeme Evans from interactive investor. After a great first quarter for stock markets, we assess the best and worst blue-chips of 2019 so far. It’s been a storming start to 2019 for the FTSE 100 index, with popular interactive investor stocks including Lloyds Banking Group (LSE:LLOY), Next (LSE:NXT) and Tesco (LSE:TSCO) among those on [...]
Standard Chartered prepares for potential $1bn sanctions penalty April 8, 2019 Standard Chartered is expected to cough up more than $1bn (£770m) as it settles with US authorities over sanctions-busting claims. The payment could be agreed as early as tomorrow morning, sources told Reuters. Read more: Standard Chartered to build new virtual bank in Hong Kong It would be the culmination of a years-long investigation into [...]
If Brexit has taught us anything, it’s that we need to be bold when it comes to world trade April 8, 2019 A little over two years ago, the first direct rail freight service from China to the UK rolled into Barking’s 165-year old station to much fanfare. Of course, the completion of this mammoth 18-day, 7,500-mile trip from the Chinese city of Yiwu marked the moment that the Belt and Road Initiative (BRI) reached the UK. [...]
UK bank shares: A pre-Brexit view March 12, 2019 | City Talk Some UK bank shares have made massive profits for shareholders, but how should you play the sector now? It’s been a few weeks since the last of the big UK-listed banks published results for 2018, and share price performance since has been varied. Brexit, of course, has played its part and, with some lenders up [...]