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Barclays PLC

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  • LONDON, April 17- Barclays announced a number of promotions in its investment bank's management on Friday as it continues a review of the division that contributes about half of group profit. Felder, who joined Barclays from now-defunct U.S. investment bank Lehman Brothers in 2008, was previously co-head of securities.

  • *Loss includes bank recapitalisation, Somerfield charge. LONDON, April 17- Britain's Co-operative Group made a loss of 2.5 billion pounds in 2013, capping the worst 12 months in the mutual's 150- year history and ramming home the need for radical reform if it is to survive.

  • Barclays reorganises management of investment bank Thursday, 17 Apr 2014 | 9:32 AM ET

    LONDON, April 17- Barclays announced a number of promotions in its investment bank's management on Friday, while it continues with a review of the division that contributes about half of the group's total profits. Felder, who joined Barclays from now-defunct U.S. investment bank Lehman Brothers in 2008, was previously co-head of securities.

  • *Inflow of $5.8 bln so far after 2013 outflow. LONDON, April 17- Money is flowing back into commodity investments this year as the sector has broken out of lock-step with other asset classes and outperformed them, attracting investors who aim to diversify portfolios.

  • April 17- Cereal maker Post Holdings Inc said it will buy egg and dairy producer and distributor Michael Foods Inc for $2.45 billion in its largest-ever deal.

  • LONDON, April 17- Nickel pushed higher on Thursday as speculators continued to buy due to ongoing concerns over supply from Indonesia and Russia, but some analysts worried that prices had overshot fundamentals.

  • *ROE in 2013 was 6.6 percent across top European quoted banks. *Bank ROE level about 40 pct of wider market returns. LONDON, April 17- Europe's largest banks are generating a poor return on their capital, well below their post-crisis targets, as muted credit growth slows their recovery and progress on costs is swallowed by unexpectedly high loan losses.

  • BEIJING, April 17- China's property market could threaten Beijing's plan to manage a slowdown in growth, as evidence mounts of a rapid cooling in what had been one of the few strong spots in the world's second-largest economy.

  • *Google and IBM fall after hours as earnings disappoint. Disappointing results from Google and IBM had also knocked their shares lower after the bell and put a crimp on technology stocks in the region. Other markets made modest gains with shares in Australia up 0.5 percent and MSCI's broadest index of Asia-Pacific shares outside Japan adding 0.33 percent.

  • *Google and IBM fall after hours as earnings disappoint. However, disappointing results from Google and IBM knocked their shares lower after the bell and could crimp technology stocks in the region. Other markets fared better with shares in Australia up 0.5 percent and MSCI's broadest index of Asia-Pacific shares outside Japan adding 0.33 percent.

  • *Google and IBM fall after hours as earnings disappoint. However, disappointing results from Google and IBM knocked their shares lower after the bell and could crimp technology stocks in the region. Other markets fared better with shares in Seoul up 0.4 percent and MSCI's broadest index of Asia-Pacific shares outside Japan adding 0.2 percent.

  • LONDON, April 16- Last Thursday morning investors queued around the block to buy the bonds of recent defaulter Greece, and by the end of the day were selling U.S. tech stocks furiously.

  • Currency probe drives bank demand for Big Brother software Wednesday, 16 Apr 2014 | 12:11 PM ET

    LONDON, April 16- "What's your interest in Bill and Ben in the pick?" A basic translation of that particular line of Cockney rhyming slang, originating in London's working class East End, would run something like: "Are you a buyer or a seller of dollar/yen at the daily benchmark rate-setting fix?

  • *Biggest falls at UBS, Deutsche Bank, Barclays and Lloyds. LONDON, April 16- Europe's top 30 banks cut assets by 2 trillion euros last year and are set to cut them again in 2014 as regulatory pressure prompts investment banks to shrink and retail banks sell some of their loans into a rising market.

  • *Credit Suisse Q1 net profit 859 mln Sfr vs poll 1.155 bln. ZURICH, April 16- Credit Suisse's said on Wednesday first-quarter net profit fell by more than a third due to a big drop in bond trading revenues, increasing pressure on CEO Brady Dougan to make deeper cuts to its investment banking business.

  • *Copper ticks up after Tuesday's near 2 pct fall. SINGAPORE, April 16- London copper rose around half a percent on Wednesday to recoup some of last session's deep losses, but gains were capped by slowing growth in top metals consumer China.

  • April 15- Associated Materials Group Inc, a maker of home-building products, said on Tuesday it had decided to withdraw its plans for an initial public offering. Last July, the company, owned by buyout firm Hellman& Friedman LLC, filed with the U.S. Securities and Exchange Commission for an IPO of up to $100 million.

  • TOYOTA CITY, Japan/ TOKYO, April 16- Toyota Motor Corp is set to post record growth for the year just ended- with a likely $10 billion surge in operating profit- but the mood at its HQ in Japan's prosperous automotive heartland is cautious as executives warn of a leaner year ahead.

  • ATHENS, April 15- International investors are to invest 1.3 billion euros in Eurobank to become the bailed-out Greek bank's biggest shareholders in another sign of growing market confidence in Greece.

  • *Bank faces backlash over bonuses at AGM April 24. LONDON, April 15- Barclays' Chief Executive Antony Jenkins is facing a high-wire act to overhaul the firm's investment bank without undermining a division that contributes about half of group profits. "The expectation is for something like a 10 to 20 percent cut," Chintan Joshi, analyst at Nomura, said.

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