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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 208.90
Bid: 209.35
Ask: 209.45
Change: -0.85 (-0.41%)
Spread: 0.10 (0.048%)
Open: 210.15
High: 211.85
Low: 208.80
Prev. Close: 209.75
BARC Live PriceLast checked at -

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Thursday newspaper share tips: Virgin Money, Challenger banks

Thu, 03rd Mar 2016 16:40

(ShareCast News) - Homes are not always a safe repository of value, as property busts show, but at the moment they are the safest corner of the UK banking space.That was reflected yesterday in Virgin Money's full-year figures for return on tangible equity, which at 10.9% easily trumped those of the main High Street banks, RBS, Lloyds and Barclays, the Financial Times's Lex column said.The lender also has plenty of room to continue growing given it only had a 3.4% share of the market for new mortgages.Virgin Money's share price also puts it at 1.2 times' tangible book value, near the top of the range for the industry.Indeed, it still lags the 1.3 on offer at Lloyds despite the big legal liability for mis-sold payment protection insurance weighing on that bank.Too worried about risks in the housing sector? "If that worries you, perhaps you should avoid UK retail banks altogether," Lex said.The scale of the recent crunch in the European banks sector is staggering.Lenders have been weighed down by worries about an economic slowdown, banks' own efforts to restructure, regulatory fines and the fear of more regulatory changes to come.One option for investors seeking to avoid the carnage are challenger banks, the Daily Telegraph's Questor column said.For starters, they suffer none of High Street banks' legacy problems, whether it be pertaining to historic bad behaviour or their "glitch-prone" IT systems.This was evident in Virgin Money's latest set of full-year results.Thirty-five per cent owned by Richard Branson, Virgin Money has kept a lid on costs in part by not expanding its branch network beyond the 75 sites it inherited from Northern Rock.It has also managed to increase its net interest margin, Questor pointed out.Other challengers such as Shawbrook and Aldermore are also sticking to the mantra of 'keep it simple' and benefiting from it.Their shares are trading at twice the price-to-book values of rivals such as Barclays.Older challengers such as Close Brothers are also thriving."As big banks continue to struggle and the challengers show they are thriving, the sector overall is a buy," Questor says.
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16 Jun 2023 17:28

No new questioning of JPMorgan CEO Dimon in Epstein case -US judge

NEW YORK, June 16 (Reuters) - Jamie Dimon, the chief executive of JPMorgan Chase, will not have to sit for a second deposition in the U.S. Virgin Islands' lawsuit over the bank's work for Jeffrey Epstein, the late financier and sex offender.

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15 Jun 2023 23:15

JPMorgan says one deposition of Jamie Dimon in Epstein case is enough

NEW YORK, June 15 (Reuters) - JPMorgan Chase urged a federal judge to reject the U.S. Virgin Islands' demand that Chief Executive Jamie Dimon sit for a second deposition for its lawsuit about the bank's long relationship with Jeffrey Epstein.

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15 Jun 2023 17:02

LONDON MARKET CLOSE: Europe mixed after ECB hike and hawkish Fed

(Alliance News) - London's FTSE 100 closed higher, though equities in mainland Europe weakened, after both the Federal Reserve and European Central Bank both hinted that they are not done with rate hikes.

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14 Jun 2023 08:27

WH Smith completes refinancing with GBP400 million facility

(Alliance News) - WH Smith PLC on Wednesday said it has completed its refinancing, with a GBP400 million revolving credit facility.

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13 Jun 2023 18:28

BBVA tests post Credit Suisse demand for euro-denominated AT1 bonds

BBVA sells 1 bln euros in AT1s, demand of 3.1 bln euros

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13 Jun 2023 13:25

Egypt invites banks to pitch for role in AlexBank stake sale

June 13 (Reuters) - Egypt's Ministry of Finance has invited banks to pitch for an advisory position on the sale of its 20% stake in Bank of Alexandria, a subsidiary of Italy's Intesa Sanpaolo, two sources familiar with the matter said.

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13 Jun 2023 10:01

Spain's BBVA launches first AT-1 bonds issue since Credit Suisse crisis

MADRID, June 13 (Reuters) - Spain's BBVA said on Tuesday it reopened the market with the issuance of the first contingent convertible bond (Coco) since the rescue of Credit Suisse in March 2023.

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12 Jun 2023 20:41

JPMorgan settles with Jeffrey Epstein victims for $290 million

NEW YORK, June 12 (Reuters) - JPMorgan Chase agreed to pay about $290 million to settle a class action lawsuit by Jeffrey Epstein's victims, resolving a large part of litigation over the bank's relationship with the disgraced financier.

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12 Jun 2023 15:11

JPMorgan settlement with Jeffrey Epstein victims totaled $290 mln -- source

June 12 (Reuters) - JPMorgan Chase will pay about $290 million to settle a class-action lawsuit by women who said they were victims of Jeffrey Epstein's sexual abuses, and had sued the bank over its ties to the late financier, a person familiar with the matter said on Monday.

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9 Jun 2023 17:58

Jeffrey Epstein victims demand new deposition of JPMorgan CEO Dimon

NEW YORK, June 9 (Reuters) - Lawyers for Jeffrey Epstein victims who are suing JPMorgan Chase over its ties to the disgraced financier on Friday asked a judge to require Chief Executive Jamie Dimon and two other bank officials to sit for new depositions.

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9 Jun 2023 09:38

LONDON BROKER RATINGS: Stifel thinks B&M shares offer value

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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8 Jun 2023 13:09

JP Morgan backs NatWest over Lloyds

(Sharecast News) - JP Morgan sees better risk reward in NatWest Group relative to Lloyds Banking Group, in a note published on Thursday on UK banks.

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8 Jun 2023 12:40

SocGen pares back Africa businesses in first move by new CEO

Signed agreements to sell activities in four countries

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8 Jun 2023 09:16

LONDON BROKER RATINGS: Citi likes Rio Tinto; JPMorgan raises Clarkson

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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8 Jun 2023 09:04

CAB Payments Holdings to pursue London listing

LONDON, June 8 (Reuters) - CAB Payments Holdings, a specialist in business-to-business cross-border payments across emerging markets, is seeking a London stock market listing to broaden its ownership and accelerate its growth, the company said on Thursday.

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