Barclays hikes bonuses to hold onto top staff February 11, 2014 BARCLAYS has been forced to increase bonuses in a bid to attract the best staff in the US and Asia, where competition is particularly fierce, the bank’s boss said yesterday. The bonus pool increased by 10 per cent to £2.38bn, even as profits for 2013 fell 32 per cent to £5.2bn. Chief executive Antony Jenkins [...]
Europe’s biggest banks face risk from emerging market turmoil February 11, 2014 INTERNATIONAL banks like Barclays and Santander are at risk from the volatility which has struck some emerging markets in recent weeks, credit ratings agency Fitch warned yesterday. Although the risks are currently manageable, the analysts believe the danger could grow if there is contagion between more emerging and developed markets. Groupo Santander is the most exposed, [...]
US investment group Varde sells half its stake in Crest Nicholson February 11, 2014 VARDE, the US investment group that at one stage was the controlling shareholder in Crest Nicholson, yesterday announced it had sold half its stake in the housebuilder which floated at the beginning of last year. Varde reported to the London Stock Exchange last night it intended to sell 25m shares in the company through an [...]
What you need to know before the US open – 11/02 February 11, 2014 Markets will open half an hour before questions from the House are put to the chair of the Fed, Janet Yellen. US futures are widely unchanged on the news, with the S&P 500 expected up 0.1 per cent at open. The Yellen Reaction: Stocks Down, Gold Down, Bonds Frown http://t.co/U6nR5jn7ga — zerohedge (@zerohedge) February [...]
Barclays shares tank as results event starts February 11, 2014 Shares in bank Barclays, which put out results this morning, just took a dive. They were down just over three per cent on the day before the latest drop. Barclays -6.8% pic.twitter.com/sjBlWK2wba — Steve Collins (@TradeDesk_Steve) February 11, 2014 The FT is reporting that political movements are responsible for the drop. Shadow City [...]
Barclays ups bonus pool by 10pc in 2013 February 11, 2014 Having said yesterday that profit before tax fell by a third (32 per cent) over 2013 to £5.2bn, Barclays has announced this morning that it upped its bonus pool by 10 per cent to £2.4bn in 2013. Bonuses for investment bankers rose 13 per cent to £1.57bn in the year. Revenue at the investment bank [...]
Lambert: This is banks’ last chance to behave well February 10, 2014 BANKS must treat customers well or face more regulation, Sir Richard Lambert said yesterday as he unveiled his plans for a new body to raise standards in the industry. He wants banks to publish a wide range of information every year, including customer satisfaction, staff training plans and pay structures. Sir Richard hopes this will [...]
How to get around during the Tube strike February 10, 2014 BAKERLOO TfL hopes to run trains between Queen’s Park and Elephant & Castle around every six minutes in both directions. Not stopping at Edgware Road, Embankment, Kilburn Park, Lambeth North, Maida Vale, Piccadilly Circus or Regent’s Park. CENTRAL No service would operate through the central area. TfL plans to run trains between Epping and Leytonstone [...]
Barclays profits up despite legal cost increases February 10, 2014 BARCLAYS’ profits edged up on the year, the bank said yesterday, in another sign the lender is benefiting from the economic recovery. In a surprise early announcement, the lender said it made a statutory pre-tax profit of £2.9bn in 2013, up from £2.46bn in 2012. It comes after the bank revealed another £330m of legal [...]
John Laing looks to raise £174m from green infrastructure float February 10, 2014 A NEW infrastructure fund that has John Laing as an investor yesterday unveiled its plans to float on the main market of the London Stock Exchange, as it looks to raise up to £174m. John Laing Environmental Assets Group (JLEN) will acquire a portfolio of renewable energy, waste and waste water PFI assets in the [...]