|Bid||154.20 x 0|
|Ask||154.22 x 0|
|Day's range||152.90 - 156.68|
|52-week range||131.04 - 181.00|
|Beta (3Y monthly)||0.46|
|PE ratio (TTM)||8.62|
|Earnings date||25 Oct 2019|
|Forward dividend & yield||0.07 (4.66%)|
|1y target est||221.84|
Aldi, the discount food supermarket, plans to more than double the number of stores in the London area to 100 after smaller-format shops proved more successful than expected. Mr Hurley said the UK capital could easily support 250 stores — compared with the current 45 — with around 50 of those being the Local format.
Deutsche Bank AG will pay $15 million to resolve claims it conspired to rig prices of bonds issued by Fannie Mae and Freddie Mac , becoming the first of 16 financial services companies to settle litigation by investors. The German bank did not admit wrongdoing in agreeing to the settlement, which also requires that it bolster its antitrust compliance procedures and cooperate with the investors. The settlement was disclosed in filings late Wednesday in Manhattan federal court.
Funds that buy US high-yield bonds took in $2.8bn in the past week, the largest inflow since the beginning of February, as fears of an imminent recession receded. , while the Federal Reserve was expected to follow suit and cut interest rates for the second time in 11 years next week.
Barclays Bank PLC (“Barclays”) announced today the launch of the iPath® Series B Carbon ETNs (GRN). The ETNs will track the performance of Barclays Global Carbon II TR USD Index (Ticker:Ticker::BXIIGC2T). The New ETNs are expected to begin trading on the NYSE Arca exchange on September 10, 2019.
One scoop to start: SoftBank, the biggest outside shareholder in WeWork, is urging the lossmaking property group to shelve its hotly anticipated initial public offering after it received a cool reception from investors. Elliott Management, the activist fund founded by Paul Singer, has taken one of its largest positions ever, adding to the onslaught of “super campaigns” in some of America’s largest companies. With a market capitalisation of more than $270bn, the US telecoms group represents one of Elliott’s largest targets in recent memory.
Britain's new system of banker accountability has led to a "tangible" improvement in culture but modest changes are still needed, UK Finance said on Tuesday. The trade body for banks in Britain published the sector's first major appraisal of the senior managers and certification regime (SMCR) introduced in 2016 as part of reforms implemented after the 2007-09 financial crisis that left taxpayers to bail out lenders while few individual bankers faced punishment. SMCR makes it easier for regulators to pinpoint blame when things go wrong.
Shares in CYBG plunged 20 per cent on Thursday after the UK lender revealed the latest hit from the escalating payment protection insurance scandal, triggering more than £50m of paper losses for Richard Branson’s Virgin Group. CYBG, the UK’s sixth-largest bank, lost a fifth of its market value after it warned that a last-minute spike in customer complaints about mis-sold PPI would wipe £300m-£450m off its profits — more than 20 per cent of its previous market capitalisation. CYBG bought rival Virgin Money last year in a deal that was supposed to solidify its position as a serious challenger to the UK’s big five banks.
Australia’s economy grew at its slowest pace since the global financial crisis in the last quarter, as cautious consumers keep a lid on spending in spite of a surge in the nation’s exports. Data published ...
Britain's Barclays and Switzerland's Julius Baer have targeted Credit Suisse's International Wealth Management business, which in July saw the departure of its head Iqbal Khan, to hire a total of 14 bankers. Barclays, which has set its sights on hiring and expanding its private banking business in Switzerland, announced six new Zurich hires on Tuesday, three of whom will help launch a new Israel desk out of the Swiss financial hub.
British finance minister Sajid Javid told representatives of the country's financial services industry on Monday that the sector was a top priority for him as the country prepares to leave the European Union, a person familiar with the discussions said. Sajid said he was committed to close dialogue with the largest firms in the sector at the meeting, his first major encounter with the industry since he took over as finance minister in July, the person said. Brexit topped the agenda as the likelihood of Britain leaving the EU on October 31 without a deal with Brussels increases, a second source said.
On August 28, 2019, Barclays Bank PLC (“Barclays”) had announced a 5 for 1 split of its iPath® Series B S&P GSCI® Crude Oil Total Return Index Exchange Traded Notes (the “ETNs”) effective at the open of trading on Thursday, September 12, 2019 (the “Ex-Date”). Barclays would like to clarify the dates in relation to this Stock Split. Barclays Bank PLC has the right (but no obligation) to initiate such a split of the ETNs in its sole discretion.
Britain's banks face a hit of up 25% to their earnings if Britain crashes out of the European Union without a deal, analysts at Citigroup said in a research note. The economic slowdown that would result from a no-deal Brexit, as well as the likelihood of lower interest rates and borrowers defaulting on loans, would hit earnings per share by between 15 to 25%, the analysts at Citi wrote in the note published on Thursday.
Barclays announced today that it will implement a 5 for 1 split of its iPath® Series B S&P GSCI® Crude Oil Total Return Index Exchange Traded Notes (the “ETNs”) effective at the open of trading on Thursday, September 12, 2019 (the “effective date”). Barclays Bank PLC has the right (but no obligation) to initiate such a split of the ETNs in its sole discretion. On August 27, 2019, the closing indicative value of the ETNs was $56.0603.
Activist investor Edward Bramson, who lost his battle for a seat on the board of Barclays in May, is still pushing to overhaul the British lender, a report from his investment vehicle Sherborne Investors shows. Bramson failed in his bid for a seat after shareholders voted against his attempt to downsize Barclays' under-fire investment bank from within. "The investment manager's present intention is to continue its dialogue with Barclays for as long as it appears to be appropriate to do so," it said.
Barclays is no longer providing banking services to major cryptocurrency exchange Coinbase, sources familiar with the matter told Reuters, ending a relationship that started in March last year as the exchange expanded in Europe. The rare deal between the San Francisco-based exchange and the British bank made it easier for Coinbase users to buy cryptocurrencies with pounds and withdraw their funds. Barclays declined to comment, while Coinbase did not respond to repeated requests for comment.
Investing.com - U.S. futures fell on Wednesday as data from China and Germany showed the continuing damage to the world economy from trade-related disputes.