Bank of America analysts slap ‘buy’ rating on Barclays shares May 1, 2025 Bank of America analysts gushed over Barclays’ first-quarter performance, reiterating their ‘buy’ rating on the stock. Analysts said that while geopolitical-related concerns ahead of results were understandable, the lender “printed a strong set of numbers”. The FTSE 100 bank booked a £2.7bn pre-tax profit, ahead of the £2.5bn pencilled in. This was boosted by income [...]
Lloyds’ finance boss slams ring-fencing amid waning growth forecast May 1, 2025 Lloyds‘ finance boss raised the alarm on lenders’ ability to help drive growth due to restrictions from the ring-fencing regime. The bank trimmed its UK GDP expectations and has projected a rise in unemployment in the latest warning sign for the health of the British economy. The FTSE 100 giant pencilled in 0.2 per cent [...]
Mark Kleinman: Is Reeves about to rip up ring-fencing? May 1, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Is Reeves about to rip up ring-fencing? Rachel Reeves rips up ring-fencing: it’s an alliteration aficionado’s dream headline. It’s also an increasingly realistic one, following an intervention by a quartet of UK bank chiefs last week [...]
Barclays boss breaks from FTSE 100 peers on Reeves lobbying April 30, 2025 The chief executive of Barclays has defended the ring-fencing regulation facing British banks, despite his FTSE 100 peers calling on the Chancellor to abolish it. CS Venkatakrishnan told Sky News on Wednesday morning that the benefits of protection offered by the rules outweigh the costs of implementing and administering the system. The UK’s ring-fencing regime [...]
Barclays shares jump as investment arm cashes in on market storm April 30, 2025 Barclays enjoyed a bumper first three months of 2025 as its investment and private banking arms cashed in on market volatility. The bank’s share rose over 1.5 per cent during early trading on Wednesday. The FTSE 100 giant’s investment bank bolstered income by 16 per cent to £3.9bn, compared to £3.3bn from the same period [...]
Cheaper mortgages to support sales as house price growth slows April 29, 2025 Lower demand and higher supply caused house price growth to slow in March, but analysts expect an improvement in affordability to boost prices in the coming months. House price growth slowed to 1.6 per cent annually in March, down from 1.9 per cent at the end of 2024, according to Zoopla’s latest house price index. [...]
Redbird ‘confident’ of tying up Telegraph deal in weeks April 28, 2025 US private equity shop Redbird Capital is “confident” of getting a deal for the Daily Telegraph newspaper over the line in just a few months, marking the end of the conservative broadsheet’s two-year hiatus without an active owner. A source familiar with the negotiations told City AM that the uncertainty continuing to swirl around the [...]
HSBC and Barclays shareholders eye returns as tariffs cloud banks’ reports April 28, 2025 The FTSE 100’s ‘Big Five’ banks are gearing up for first-quarter results season – and shareholders will be eyeing how lenders set the tone for the year ahead. HSBC will kick off reports on Tuesday, followed by Barclays on Wednesday and Lloyds on Thursday. Natwest and Standard Chartered will round off the results week on [...]
FTSE 100’s winning streak falters as White House ‘clouds’ market sentiment April 24, 2025 The FTSE 100 slid into the red on Thursday putting the index on course to end an eight-day consecutive run of gains. The blue-chip index was down over one per cent in early trading before a late-morning rebound left it broadly flat at midday. London’s blue-chips soared at the beginning of the week as President [...]
Green finance withers as Trump effect spreads April 24, 2025 Financial hubs are ditching green finance, fresh research shows, after President Donald Trump’s return to the White House triggered a global retreat. Centres across the world had their green finance rating reduced in the 15th edition of Z/Yen Global Green Finance Index (GFFI). Despite topping the index, London’s rating reduced 36 points to 598. Zurich [...]