LONDON (Alliance News) - British lender Barclays PLC may have to eliminate 7,500 jobs at its investment bank to improve returns at its securities unit, Bloomberg said quoting a report by Sanford C. Bernstein. The European fixed-income, currencies and commodities business, or FICC, may be th Read More
LONDON (Alliance News) - Pharmaceutical stocks are reigning over the first session following the long Easter bank holiday, with mergers and acquisitions leading investor interest.<br /><br /><strong>GlaxoSmithKline</strong> has signed a three-part inter-conditional transaction with Swiss healt Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.<br />-------<br /><strong>FTSE 100 - WINNERS</strong><br />-------<br /><strong>AstraZeneca</strong>, up 7.1%. The pharmaceutical company has jumped after The Sunday Read More
LONDON (Alliance News) - The following is a summary of top news stories Tuesday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br /><strong>GlaxoSmithKline</strong> PLC said it has signed a three-part inter-conditional transaction with Novartis AG which will see it sell off i Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Tuesday morning:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />GOLDMAN CUTS ARM PRICE TARGET TO 1450 (1500) PENCE - 'BUY' <br />----------<br />HSBC CUTS BARCLAYS PRICE TARGET TO 285 (315) P Read More
LONDON (Alliance News) - UK shares have opened slightly higher Tuesday following gains on Wall Street over the long Easter weekend. <br /><br />Merger and acquisition activity and discussion surrounding UK pharmaceutical giants <strong>GlaxoSmithKline</strong> and <strong>AstraZeneca</strong> Read More
LONDON (Alliance News) - Barclays is set to become the next big bank to wind down its commodities trading activities, according to a weekend report from the Financial Times. The FT reports that, in a move likely to be announced Tuesday, Barclays is set to move away from "exposure areas that Read More
LONDON (Alliance News) - UK stocks are set to open marginally higher Tuesday, as European markets play catch-up with Wall Street, which made gains over the long Easter weekend despite ongoing tensions in Ukraine. Spreadbetters are indicating that the FTSE 100 will open slightly higher Tuesd Read More
LONDON (Alliance News) -<strong> Imperial Tobacco Group</strong> Tuesday said it will close factories in Nottingham and in Nantes in France with the loss of up to 900 jobs, in response to the continuing downturn in European cigarette markets.<br /><br />Companies including GKN, Aggreko and rec Read More
LONDON (Alliance News) - The following is a summary of top news stories Tuesday.<br />----------<br />COMPANIES<br />----------<br />The<strong> Barclays</strong> board has chosen Crawford Gillies as successor to John Sunderland as chairman of its remuneration committee. Gillies, who has been Read More
LONDON (Alliance News) - Barclays PLC Tuesday said it has chosen a successor to John Sunderland as Chairman of the board remuneration committee after appointing Crawford Gillies as a non-executive Director. Gillies, who has been on the boards of Standard Life PLC since 2007, where he has ch Read More
LONDON (Alliance News) - <strong>Sports Direct International</strong> founder and deputy Chairman Mike Ashley has sold a 4% stake in the firm, causing a sharp fall in its share price, just days after the sports goods retailer's shareholders again rejected a proposal to pay him a bonus.<br /><b Read More
LONDON (Alliance News) - Bob Diamond, the former Chief Executive of Barclays PLC, has turned to his old stomping ground in order recruit the new leader of Atlas Mara Co-Nvest Ltd, the investment company he co-founded to make financial services acquisitions in Africa. In a statement, Tuesday Read More
LONDON (Alliance News) - The following is a summary of top news stories Tuesday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br /><strong>Sports Direct</strong> International PLC said Mike Ashley, its founder and deputy chairman, sold 24 million ordinary shares, representin Read More
LONDON (Alliance News) - UK shares have opened lower Tuesday on a weak lead from the US and renewed concerns about Ukraine.<br /><br /><strong>Barclays</strong> PLC has reached a settlement with Guardian Care Homes ahead of a court case that was being seen as the measure of whether customers w Read More
LONDON (Alliance News) - Barclays PLC has reached a settlement with Guardian Care Homes ahead of a court case that was being seen as the measure of whether customers might take the legal route against banks over the manipulation of the Libor benchmark rate. The accusation had been that Barc Read More