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  • Italian lender backs 5 bn-euro share sale

    A view taken on January 25, 2013 in Siena shows the headquarters of the Banca Monte dei Paschi di Siena

  • * Merck (Other OTC: MKGAF - news) says 67.5 pct of shares tendered (Adds more comment from Merck, background on deal) FRANKFURT, April 18 (Reuters) - German liquid crystal maker Merck KGaA extended the offer period for its planned takeover of AZ Electronic Materials for a sixth time on Friday as it continues to seek Chinese …

  • The Week's Big Business Stories Sky News - 17 hours ago
    The Week's Big Business Stories

    Sky's Naomi Kerbel offers a round-up of what's been and what's coming up in the week's business news. : Monday April 21 It is Easter Monday and a bank holiday in the UK. The financial markets are closed. ...

  • MOVES- Barclays, BNY Mellon, Baring Asset, Willis North America Reuters - UK Focus - Thu, Apr 17, 2014 21:20 BST

    The following financial services industry appointment was announced on Thursday. To inform us of other job changes, email to moves@thomsonreuters.com. BARING ASSET MANAGEMENT The asset manager appointed ...

  • Eight EU states in deflation as calls grow for QE in Sweden Telegraph - Thu, Apr 17, 2014 21:01 BST

    Sweden’s Riksbank admitted in its latest monetary report that something unexpected had gone wrong

  • Barclays reshuffles management ahead of strategy review Telegraph - Thu, Apr 17, 2014 19:49 BST

    Barclays has announced a series of changes to the senior management of its investment bank weeks ahead of the release of a strategy review that will outline its plans for the future of the division

  • Market overview: ARM Holdings and Schroders lead gains Sharecast - Thu, Apr 17, 2014 19:06 BST

    1630: Close UK stocks ended the day moderately in the blue, led by gains in ARM Holdings and Schroders. Barclays outperformed on investors' anticipation of a strategy update, including plans for the lender's ...

  • RBS 'Cleared' Of Ill-Treating Small Firms Sky News - Thu, Apr 17, 2014 17:55 BST
    RBS 'Cleared' Of Ill-Treating Small Firms

    A review ordered by the Royal Bank of Scotland (LSE: RBS.L - news) has cleared the lender of fraud against small and medium-sized business customers. The bank commissioned an independent review by law firm Clifford Chance over claims RBS systematically set out to defraud its business customers. It was launched following …

  • Sterling index settles near highest since 2008 Reuters - UK Focus - Thu, Apr 17, 2014 17:24 BST

    Sterling failed to push higher after rising to its strongest since late 2008 against a basket of currencies on Thursday, finishing around 0.1 percent higher on a day thinned out by the long Easter weekend. The return of real wage growth and another sharp fall in unemployment, reported on Wednesday, have done much to ease …

  • RBS review finds no evidence of fraud in UK business lending Reuters - UK Focus - Thu, Apr 17, 2014 17:04 BST

    * Bank to shut down West Register property division * Accusations were made in report by government adviser * Govt adviser says report is not a clean bill of health * Investigation by financial regulator ongoing (Adds reaction from government adviser, lawyer)

  • Financials nudge FTSE to 1-week closing high as US earnings reassure Reuters - UK Focus - Thu, Apr 17, 2014 17:00 BST

    * Upbeat Morgan Stanley, Goldman results lift UK financials * RSA buoyed by sale of Baltics, Poland operations * Diageo (LSE: DGE.L - news) falls after posting lower sales * London stock market closed on Friday and Monday

  • Financials bolster Britain's FTSE after reassuring U.S. earnings Reuters - UK Focus - Thu, Apr 17, 2014 16:17 BST

    * Upbeat Morgan Stanley, Goldman results lift UK financials * RSA buoyed by sale of Baltics, Poland operations * Diageo (LSE: DGE.L - news) falls after posting lower sales * London stock market closed on Friday and Monday

  • The share price of Barclays rose strongly on Thursday amid speculation the bank could announce thousands of further job cuts in its investment banking division as part of a corporate shake-up.

  • Goldman Sachs has removed Imperial Tobacco from its 'Conviction List', saying it sees less potential upside from current levels. Nevertheless, the bank kept its 'buy' recommendation and 2,780p target price....

  • Barclays reorganises management of investment bank Reuters - UK Focus - Thu, Apr 17, 2014 15:11 BST

    Barclays (LSE: BARC.L - news) 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. The British lender said in a statement that it had appointed Eric Felder as head of markets, supervising the investment bank's …

  • UK's Co-op laments worst year after 2.5 bln pound loss Reuters - UK Focus - Thu, Apr 17, 2014 14:53 BST

    The group's reputation was further tarnished by a drugs scandal involving the former chairman of the bank, Paul Flowers. Efforts to reform the Co-op, a major donor to Britain's opposition Labour party, had been led by former chief executive Euan Sutherland and senior independent director Paul Myners. Pennycook told reporters …

  • Mulberry sees rocky road ahead as it reverts to lower-priced handbags Reuters - UK Focus - Thu, Apr 17, 2014 14:52 BST

    * Sees strategy change weighing on profit for two years (Writes through, adds Chairman comments, new details) LONDON, April 17 (Reuters) - Britain's Mulberry could take up to two years to return to profit growth after deciding to scrap an unpopular push into higher-priced handbags and return to more affordable luxury, …

  • RBS-commissioned report clears bank of SME fraud Sharecast - Thu, Apr 17, 2014 14:27 BST

    RBS has announced a range of new measures to support smaller businesses when they get into trouble, after a report commissioned by the bank claimed it had found no evidence of systematic fraud towards ...

  • 'No evidence' RBS put SMEs out of business for profit Telegraph - Thu, Apr 17, 2014 14:24 BST

    Clifford Chance report finds no incentive for RBS to push small firms into insolvency

  • Hester makes first disposals at RSA Telegraph - Thu, Apr 17, 2014 14:07 BST

    Sale of Baltics and Polish businesses will add £200m to balance sheet

  • Markets today: 5 things you may have missed Telegraph - Thu, Apr 17, 2014 13:35 BST

    London's bluechip index edges lower on Ukraine unrest as weaker sales results hit Diageo's shares

  • Wm. Morrison Supermarkets plc (LON: MRW) and RSA Insurance Group plc (LON: RSA) are two contrarian opportunities.

  • GLOBAL MARKETS-U.S. shares seen opening lower as tech giants stumble Reuters - UK Focus - Thu, Apr 17, 2014 12:47 BST

    * European shares, U.S. futures dip * Earnings depress Google (NasdaqGS: GOOG - news) , IBM (NYSE: IBM - news) in after-hours trade * Remy profit warning hurts European stocks LONDON, April 17 (Reuters) - European shares fell and U.S. futures pointed to a weaker open on Wall Street on Thursday after disappointing results …

  • RBS says independent review finds no evidence of systematic fraud Reuters - UK Focus - Thu, Apr 17, 2014 12:15 BST

    Royal Bank of Scotland said an independent review by law firm Clifford Chance had found no evidence that it systematically set out to defraud its business customers. The bank, which is 81 percent-owned ...

  • Barclays boss warns of further job cuts Sharecast - Thu, Apr 17, 2014 11:45 BST

    Barclays Chief Executive Antony Jenkins has warned of thousands of further job cuts as part of a company shake-up.

  • European shares fall as strong euro, China weakness hits earnings Reuters - UK Focus - Thu, Apr 17, 2014 11:20 BST

    European shares edged lower on Thursday, weighed down by companies reporting earnings that were knocked by currency effects and weak demand from China, confirming a poor start to the earnings season in ...

  • Barclays Chief Hints At Huge New Job Losses Sky News - Thu, Apr 17, 2014 11:17 BST
    Barclays Chief Hints At Huge New Job Losses

    The chief executive of Barclays (LSE: BARC.L - news) effectively ruled out a full-scale retreat from investment banking on Thursday but warned that a shake-up of the group potentially costing thousands more jobs at the division would be unveiled within weeks. In a memo to staff obtained by Sky News, Mr Jenkins said a review …

  • Painful 2013 leaves European banks' returns well below target Reuters - UK Focus - Thu, Apr 17, 2014 11:17 BST

    * ROE in 2013 was 6.6 percent across top European quoted banks * Rising capital requirements dilutes returns The data shows that in 2013 the top 30 listed banks improved their cost/income ratios, an efficiency yardstick, despite billions in fines and provisions for a string of scandals, but with return on equity (ROE) …

  • Mulberry issues another warning on profits Telegraph - Thu, Apr 17, 2014 10:30 BST

    The luxury retailer plans to make it prices more "affordable" to draw back customers, but warns it will impact on earnings

  • Barclays PLC Earnings Should Soar By 64%! Fool.co.uk - Thu, Apr 17, 2014 10:13 BST

    City analysts are forecasting a great year for Barclays PLC (LON: BARC).

  • Sterling index touches its strongest since late 2008 Reuters - UK Focus - Thu, Apr 17, 2014 09:53 BST

    Sterling touched its highest level since late 2008 against a basket of currencies on Thursday, also pushing past resistance around $1.6800 as it continued to ride on upbeat labour data that bode well for Britain's economic recovery. The return of real wage growth and another sharp fall in unemployment, reported on Wednesday, …

  • STOCKS NEWS EUROPE-Too early to boost exposure to EM -UBS Reuters - UK Focus - Thu, Apr 17, 2014 09:46 BST

    Despite the outperformance of shares of European companies with a strong exposure to emerging markets in recent weeks, UBS (Xetra: UB0BL6 - news) strategists see no major improvement in emerging economies that would justify boosting exposure to these stocks. "For one, we are not convinced that emerging markets' macro fundamentals …

  • Business news and markets: as it happened, Friday April 17 Telegraph - Thu, Apr 17, 2014 09:42 BST

    Sterling rises to $1.6842 after Wednesday's strong jobs data provokes predictions of interest rate rises sooner rather than later

  • Currency probe drives bank demand for Big Brother software Reuters - UK Focus - Thu, Apr 17, 2014 07:58 BST

    * Programme can scan billions of communications While most people wouldn't understand the question, this is common vernacular for London currency traders active in the daily 4 o'clock "fixing" of global reference exchange rates. A basic translation of that particular line of Cockney rhyming slang, originating in London's …

  • FOREX-Yen reclaims lost ground against dollar, euro Reuters - UK Focus - Thu, Apr 17, 2014 06:31 BST

    * Trading activity winding down ahead of Easter holidays TOKYO/SYDNEY, April 17 (Reuters) - The yen bounced back from a one-week low against the dollar on Thursday, with investors taking their cues from recently volatile Japanese equities, though activity was thin as investors wound down trading ahead of the Easter holidays. …

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