(Alliance News) - Investors seemed slightly unhappy with Barclays PLC's results on Thursday, despite the bank proposing a larger than expected share buyback of GBP750 million. Read More
(Alliance News) - Barclays PLC on Thursday said it showed "stability and strength" in the recent half year with higher return on equity and an increased dividend, and it confirmed positive guidance for all of 2023. Read More
(Alliance News) - Stock prices in London opened in the green on Thursday, as investors digested the latest swathe of corporate earnings, as well as Wednesday's interest rate announcement from the Federal Reserve. Read More
(Alliance News) - Stocks are called higher in London on Thursday, as investors anticipate the end to the Federal Reserve's monetary tightening cycle. Read More
(Alliance News) - NatWest Group PLC investors were left disappointed, but not surprised, on Wednesday by news of Alison Rose's departure, as the market calculated the scale of the reputational damage to the partly state-owned bank. Read More
(Alliance News) - City minister Andrew Griffith has summoned bank chiefs for a meeting to discuss how customers can be protected from "being de-banked" after Coutts cut ties with Nigel Farage. Read More
(Alliance News) - SSP Group PLC on Tuesday said it has completed the refinancing of its syndicated banking facilities, including a new GBP300 million four-year loan and undrawn GBP300 million revolving credit facility. Read More
(Alliance News) - Barclays PLC is preparing the sale of its consumer-finance business in Germany and has held preliminary talks with potential buyers, according to a Bloomberg report on Thursday. Read More
(Alliance News) - Stock prices in London closed sharply higher on Wednesday, as US inflation cooled more than expected in June, boosting investor confidence. Read More
(Alliance News) - The latest stress test from the Bank of England has shown major UK lenders would be able to weather an increasingly stress-hit macroeconomic scenario, according to analysts and the UK central bank. Read More
(Alliance News) - The Bank of England on Wednesday said the major UK banks were "resilient to a severe stress scenario", in its latest cyclical stress test results, with all eight surveyed lenders passing. Read More
(Alliance News) - Intuitive Investments Group PLC on Tuesday said it has named the experienced Nigel Rudd as its next independent non-executive chair, subject to it moving to a London listing on the Main Market, from its current position in the junior market. Read More
(Alliance News) - Ignite Luxembourg Holdings Sarl and Magnesita NV have extended the acceptance period to buy a stake in RHI Magnesita to July 21. Read More
(Alliance News) - The City regulator said it had held a "constructive" meeting after summoning UK banks to discuss concerns surrounding interest rates for savers lagging behind the cost of mortgages. Read More
(Alliance News) - Stocks are called lower in London on Thursday, after hawkish minutes from the US Federal Reserve once again gave rise to interest rate fears. Read More
(Alliance News) - Bank chiefs are meeting Financial Conduct Authority officials on Thursday to discuss concerns surrounding interest rates for savers lagging behind the cost of mortgages. Read More
(Alliance News) - Stocks in London are to open a touch lower on Tuesday, with little in the way of catalysts for global markets, given a lack of major data and a holiday in the US. Read More
Capita PLC - London-based process outsourcing and professional services company - Extends the maturity of its revolving credit facility by just over two years to December 31, 2026 from August 31, 2024. The available facility is for GBP284 million, reducing to GBP250 million by January 1, 2025. The facility was arranged by seven lenders. These comprised two new banking partners, Standard Chartered PLC and the London branch of Bank of China Ltd, plus five existing lenders, including Barclays Bank PLC and Lloyds Banking Group PLC. The original terms of the RCF are "substantially unchanged." Barclays acted as the coordinator for the arrangement. Read More
(Alliance News) - Barclays PLC is reportedly the latest bank to look at cutting ties with scandal-hit Odey Asset Management LLP following sexual misconduct allegations against the hedge fund's founder. Read More
(Alliance News) - Vanquis Banking Group PLC on Friday said it will promote Non-Executive Director Peter Estlin to chair, subject to regulatory approval. Read More