GO
Loading...

Barclays PLC

More

  • Shares of Mylan NV rose $2.98, or 4.5 percent, to $69.82. Earlier this month Mylan offered to buy generic drug and ingredients maker Perrigo for about $29 billion, or $205 per share. Perrigo, which is based in Ireland, said it would review Mylan's offer.

  • WASHINGTON, April 17- U.S. consumer prices increased for a second straight month in March on rising gasoline and housing costs, a sign of inflation that should keep the Federal Reserve on course to start raising interest rates this year. "The data should allay the disinflation concerns that predominated earlier this year and, on the margin, increase the Fed's...

  • *Firm guides to trading profit of no more than 1.4 bln stg. LONDON, April 17- Tesco will point to recent signs of recovery when Britain's biggest retailer reports annual results on Wednesday, though an expected big writedown on the value of its stores could highlight the work still needed to mend its finances. Since joining in September from consumer goods group...

  • *Dollar index on track for worst week in month. LONDON, April 17- The dollar fell for a fourth straight day on Friday, coming close to its one-week low, after a run of weak U.S. economic data cast doubt on prospects for a Federal Reserve interest rate rise in coming months. said Peter Kinsella, senior FX strategist at Commmerzbank in London.

  • Financial spreadbetters expected Britain's FTSE 100 to open up by 12 to 15 points, or 0.2 percent higher. Europe's stock markets have lately pushed to multi-year peaks, with both the FTSE and DAX setting record highs this year as new economic stimulus measures from the European Central Bank offset worries about Greece's fiscal woes. MSCI's broadest index of...

  • SINGAPORE, April 17- The dollar wallowed near a one-week low against a basket of major currencies on Friday and was on track for its biggest weekly drop in a month in the wake of poor U.S. economic data. "It has been a run of weak data in recent weeks, and that's clearly undermining the dollar at present," said Mitul Kotecha, head of FX strategy, Asia-Pacific for Barclays in...

  • Bank of America settles currency-rigging lawsuit Thursday, 16 Apr 2015 | 12:00 PM ET

    NEW YORK, April 16- Bank of America Corp has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market. Bank of America is the third bank to settle investor claims related to the $5.3 trillion- a-day currency market. Scott& Scott said Bank of America's settlement will "mirror" the earlier...

  • SYDNEY/ DUBAI, April 16- Dubai's drive to develop its Islamic finance sector is fueling growth of sharia-compliant banking but the benefits are unevenly distributed, with some lenders struggling to compete against burgeoning competition. In 2013, Dubai's government announced plans to turn the emirate into a center for an "Islamic economy" with...

  • NEW YORK, April 15- Ernst& Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney general said on Wednesday. While the $10 million was much smaller than what the attorney general's office had sought, Ernst&...

  • BERLIN/ STUTTGART, April 15- Volkswagen's first leadership crisis in a decade has burst into the open with Chairman Ferdinand Piech's surprise public denunciation of CEO Martin Winterkorn-- but the standoff is now more likely to play out behind closed doors. Piech, 77, will meet cousin Wolfgang Porsche and other family members within days, company sources said,...

  • NEW YORK, April 15- Ernst& Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney general said on Wednesday. While the $10 million was much smaller than what the attorney general's office had sought, Ernst&...

  • Barclays investors urged to reject CEO's pay award Wednesday, 15 Apr 2015 | 7:34 AM ET

    LONDON, April 15- Barclays Plc shareholders should reject the British bank's remuneration policy, as pay for Chief Executive Antony Jenkins is "excessive", a shareholder advisory group said on Wednesday. Pirc, an independent group that says it offers advice to institutional investors with assets of more than 1.5 trillion pounds, said shareholders should...

  • BERLIN/ STUTTGART, April 15- Volkswagen's first leadership crisis in a decade has burst into the open with Chairman Ferdinand Piech's surprise public denunciation of CEO Martin Winterkorn-- but the standoff is now more likely to play out behind closed doors. Piech, 77, will meet cousin Wolfgang Porsche and other family members within days, company sources said,...

  • LONDON, April 15- Brent crude oil prices rose above $59 a barrel on Wednesday amid tension in the Middle East and signs of a dip in U.S. production, but gains were capped by a report from the International Energy Agency indicating that supplies would take longer to tighten than previously expected. Front-month Brent crude futures were up 68 cents at $59.11 per...

  • BEIJING, April 15- China grew at its slowest pace in six years at the start of 2015 and weakness in key sectors suggested the world's second-largest economy was still losing momentum, intensifying Beijing's struggle to find the right policy mix to shore up activity. Gross domestic product grew an annual 7.0 percent in the first quarter, slowing from 7.3 percent...

  • *Net outflow of oil investments expected soon- Barclays. Front-month Brent crude futures were up a dollar at $59.43 a barrel by 0705 GMT, while U.S. crude climbed 65 cents to $53.69. In the United States, North Dakota's February oil production fell 15,000 barrels per day versus January, although the number of producing wells hit a record high.

  • Delek said it would buy 33.7 million Alon USA shares, valuing each share at $16.985, which is a premium of more than 8 percent to the stock's Tuesday close. Alon USA's shares were up 5 percent at $16.50 in trading after the bell on Tuesday, while Delek's shares rose 3.2 percent to $39.10. For a year after that, Delek can acquire up to 49.99 percent of Alon USA at its...

  • SANTIAGO, April 14- The copper market will not get any respite from weak prices and excess supplies any time soon, even after recent hefty cost cutting and project delays have removed more than a million tonnes of new capacity, top executives said on Tuesday. Barclays and CRU both expect China's demand growth to slow to 4 percent this year, off the double-digit...

  • LONDON, April 13- Italian bond yields inched up on Monday as the country kicked off the busiest week for euro zone sovereign debt sales seen in almost a year. Italy sold 7.5 billion euros of bonds at auction and is the first of five countries scheduled to sell debt this week in what could see around 40 billion euros of new bonds issued. Calculations from Commerzbank...

  • Italy is the first of five countries scheduled to sell debt this week in what could see around 40 billion euros of new bonds issued at near record low yields. "There should be no major disturbance," said Commerzbank strategist Benjamin Schroeder. Commerzbank calculations show it is set to be the biggest week of gross issuance since May last year, with almost double...