Barclays PLC Sponsored ADR (BCS)
Barclays Expecting 25bps Cut in December
Barclays' Chief US Economist Marc Giannoni says the the FOMC will cut 25bps in December, with two more coming in 2025. He joined Bloomberg Surveillance to discuss.
Barclays Buys Tesco's Retail Banking Business, Commences Partnership
BCS acquires Tesco's retail banking business, expanding its presence in the domain alongside entering into a strategic collaboration with Tesco Stores Limited.
Sainsbury's interims to underline grocery strength, Barclays suggests
J Sainsbury PLC (LSE:SBRY) interim results should add to the growing evidence that the core grocery business can continue to outperform in a rational UK grocery market. The recent weather has likely been unhelpful for Sainsbury's general merchandise business, but the effect will likely be less marked going forward and will reverse at some point, the broker believes.
Marks & Spencer profits upgrade eyed with interim update by Barclays
Marks and Spencer Group PLC (LSE:MKS) is being tipped to talk ‘more positively' about 2025 profits in its forthcoming interim update, which could mean an upgrade according to analysts at Barclays. The UK bank expects M&S to report sales up 5.2% to £6.49 billion and underlying profits to show a 4.8% increase to £365 million.
Barclays UK Completes Previously Announced Acquisition of Tesco Bank
Barclays UK has completed its previously announced acquisition of the retail banking business of Tesco Personal Finance (Tesco Bank).
Barclays: On Track For Super-Charged Shareholder Returns
Barclays stock is poised for significant upside, supported by strong Q3 results, a cheap valuation, and improving commercial momentum. The bank's Q3 performance exceeded expectations with strong revenue and earnings growth, highlighting operational discipline and strategic hedging initiatives. Barclays aims for £30 billion in revenue by 2026 and plans to return $10 billion to shareholders, promising substantial equity yield.
Reckitt Benckiser got 'best-case' outcome in latest US infant formula trial, broker suggest
Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) got the 'best case scenario' result in the Whitfield trial in Missouri, say analysts at Barclays, as all the infant formula NEC liability claims were dismissed. Plaintiffs were seeking $6bn of damages with Barclays saying that investors were building in a substantial damages award against the company and its subsidiary AMV.
Barclays Mulls Over Re-Entering Saudi Arabia After Decade-Long Absence
BCS considers re-entering Saudi Arabia after a decade by focusing on investment banking and trading businesses.
Markets set for rally after U.S. elections, Barclays says
Markets will likely experience a ‘mild relief rally' in the wake of the vote as a smooth transition starts to come into sight
Barclays: Upgraded Guidance Supports Buy Rating
Barclays reported a solid third quarter, with a continuation of positive trends for net interest income and operating expenses. Upgraded guidance for Barclays UK net interest income provides confidence regarding the outlook for 2025. Whilst loan loss rates remain low, there are signs that Barclays is taking on more credit risk to drive loan growth.
Barclays: Value Or Trap Following Q3 Earnings?
Barclays PLC has shown improved financial performance in Q3 2024, but revenue and earnings growth may be challenging due to the expected declining interest rate environment. The bank's valuation remains low, trading at around 0.6x book value, reflecting structural issues and a more cyclical business mix compared to peers. Barclays' strategy includes streamlining operations, focusing on higher growth areas, and improving efficiency, but more aggressive steps are needed for a potential re-rating.
Barclays wins bid to slash UK investors' $727 mln 'dark pool' lawsuit
Barclays on Friday won its bid to more than halve a shareholders' lawsuit worth up to 560 million pounds ($727 million) at London's High Court for allegedly misleading the market about its private "dark pool" trading platforms.
