GO
Loading...

Barclays PLC

More

  • Oct 21- Kleenex and Huggies maker Kimberly-Clark Corp said it would cut 1,100 to 1,300 jobs as it focuses on emerging markets after the spinoff of its U.S.-based healthcare business. The company also cut its full-year profit forecast to reflect costs associated with the spinoff, while reporting better-than-expected quarterly revenue on strong demand in...

  • Big slump is no cause to ditch stock market Tuesday, 21 Oct 2014 | 11:34 AM ET

    NEW YORK— The stock market's big swings have raised concerns about how much longer the five-year bull market can last. Headlines about the spread of Ebola and the deepening conflict with Islamic State fighters in the Middle East also turned investors cautious. Erik Davidson, deputy chief investment officer for Wells Fargo Private Bank, says that big shifts in...

  • China to pitch high-speed trains to California Monday, 20 Oct 2014 | 10:49 PM ET

    SHANGHAI, Oct 21- State-backed China CNR Corporation is making a pitch to sell its high-speed trains to California, signalling China's growing export ambitions for such technology after building the world's longest network in just seven years. It marks the first concrete attempt by China to sell high-speed locomotives abroad and establish itself as a...

  • *Yen stands to gain if China data stokes growth worries. The China data could influence investors' perception on the U.S. "Because slowdown in China is one major reason behind investor concerns on global growth, the data is likely to affect sentiment on the global economy," said Shin Kadota, chief FX strategist in Barclays' Tokyo branch.

  • Oct 20- Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, said it expected its initial public offering of common units to be priced at $19- $21 per unit, valuing it at up to $1.42 billion. A number of master limited partnerships, including PBF Logistics LP, Viper Energy Partners LP and GasLog Partners LP, have listed this year.

  • *Tech sector weaker with Gemalto also sliding. *Nutreco, Adidas, Havas surge on M&A activity. Dutch tech firm Gemalto fell 3.2 percent after Barclays cut the stock to underweight from overweight, joining SAP as a top faller on the STOXX 600 Technology index, which was down 2.8 percent.

  • Oct 20- Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. More than 65 percent of Arysta's sales are in high-growth regions such as Latin America, Africa, Central and Eastern Europe, China and South Asia.

  • SYDNEY/ LONDON Oct 20- As metals executives fly into London for the industry's most glamorous week, its best years may be over as sinking metals prices and rising costs tear holes in budgets, and the industry epicentre heads east. For decades, heavyweights in the metals business have met in London each October to hammer out the ensuing year's terms of trade, based...

  • *Wall Street indexes each gain more than 1 percent on Friday. The Thomson Reuters/ University of Michigan index of consumer sentiment was surprisingly strong in early October, rising to more than a seven-year high. MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.6 percent in early trade, and Japan's Nikkei stock average surged about...

  • The Thomson Reuters/ University of Michigan preliminary October reading on the overall index on consumer sentiment unexpectedly rose to 86.4, the highest since July 2007. "The market sold aggressively throughout the week, and now is thinking maybe they had taken this too far," said Jose Wynne, global head of FX research at Barclays in New York.

  • LONDON, Oct 17- Five companies have been short-listed to replace the century-old London gold benchmark with a new electronic system, which is expected to be in place within the next few months, the London Bullion Market Association said. Broker Autilla Ltd, the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental...

  • LONDON, Oct 17- Even the wildest markets nearly always draw opportunists looking for profitable ways to play them. This week saw enormous swings across global financial indices as investors took fright at the potential impact of slowing growth and inflation, particularly in Europe, just as the United States ends its huge monetary stimulus programme.

  • Oct 17- Shares of fiber network company Zayo Group Holdings Inc jumped as much as 20 percent in their market debut on Friday as investors bet on the growing demand from businesses for ultra-fast Internet. The stock touched a high of $22.85 on the New York Stock Exchange, valuing the company at about $5.35 billion. The offering raised about $400 million after it was...

  • Oct 17- ITT Educational Services Inc said it signed up more students than it forecast in the quarter ended June 30, more than doubling its market value and offering some relief to the U.S. for-profit education sector. The data, the first from ITT since May, drove up shares of other for-profit colleges including Corinthian Colleges Inc, which also nearly doubled.

  • Fiber network company Zayo's shares jump in debut Friday, 17 Oct 2014 | 10:05 AM ET

    Oct 17- Shares of fiber network company Zayo Group Holdings Inc rose as much as 17 percent in their market debut on Friday, valuing the company at about $5.2 billion. The stock opened at $21.51 and touched a high of $22.25 in early trading on the New York Stock Exchange. Morgan Stanley, Barclays and Goldman Sachs were lead underwriters for the IPO.

  • NEW YORK, Oct 16- Time Warner Inc's decision to make its prized HBO channel available to people who don't subscribe to Pay TV may delight such "cord cutters" but will likely crank up tensions with cable and satellite TV service providers. HBO Chief Executive Richard Plepler did not discuss price or potential partners on Wednesday when he revealed the news before...

  • NEW YORK, Oct 16- Wells Fargo is closing down its alternative trading system, or "dark pool," due to decreased customer demand, the company said on Thursday. The move by Wells Fargo comes as regulatory scrutiny over dark pools has intensified over concerns about the lack of transparency in the trading venues. Wells Fargo's dark pool ranks 32nd out of 41 alternative...

  • UPDATE 1-Netflix stock plunge blindsides analysts Thursday, 16 Oct 2014 | 2:15 PM ET

    Oct 16- Blindsided by a surprise drop in new subscribers to Netflix Inc, analysts slashed their price targets on the video-streaming company as it shed a fifth of its value on Thursday. Their advice came too late for investors who had followed the recent "buy" guidance of at least 20 brokerages- not least BTIG Research, which upgraded the stock just two days before...

  • BRUSSELS, Oct 16- Europe's outgoing antitrust chief will not open formal investigations into Google's mobile operating system Android nor into banks suspected of rigging the foreign exchange market, but will leave the decisions to his successor. European Competition Commissioner Joaquin Almunia, who will step down at the end of October, had on several...

  • TOKYO, Oct 16- Asia extended a selloff in global equities on Thursday, as heightened concerns about world economic growth sent Japanese stocks tumbling and U.S. MSCI's broadest index of Asia-Pacific shares outside Japan extended early losses and was down 0.6 percent while Japan's Nikkei stock average tumbled 2.2 percent and touched a 4-1/ 2- month low.