Financial Services Sector News

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  • FTSE in biggest one-month fall since November Reuters - UK Focus - 1 hour 27 minutes ago

    Britain's top share index dipped on Friday as disappointing results weighed on banking heavyweight Barclays, with UK blue chips sealing their biggest one-month fall since November 2016. The FTSE 100 index ...

  • European shares eased on Friday as investors took profits, but sealed their strongest week since December as political worries subsided and brokers forecast strong earnings growth would underpin valuations. ...

  • US growth hits 3-year low in Trump's 1st quarter

    GDP increased only 0.7 percent in the first three months of the year, according to the Commerce Department

  • RBS makes first quarterly profit since 2015 as recovery continues

    Royal Bank of Scotland (LSE: RBS.L - news) (RBS) has reported progress in its recovery, announcing its first quarterly profit since 2015. The bank said its attributable profit - a pre-tax profit measure - for the first three months of the year came in at £259m. RBS saw adjusted operating profits jump 30% to £1.3bn as …

  • Barclays profit before tax more than doubles to £1.68bn

    Barclays (LSE: BARC.L - news) has seen its profit before tax more than double in the first three months of 2017 compared to the same period last year. The bank made £1.682bn between January and March, up from £793m however its share price took a hit as investors fretted about earnings from its investment banking division, …

  • You shouldn't miss out on the great dividends you can get from small cap shares.

  • LPC: US loan market welcomes M&A surge Reuters - UK Focus - 3 hours ago

    Becton Dickinson’s US$24bn takeover of C R Bard in the investment grade medical device sector is the biggest of the year to date as the pipeline kicks back into life after a thin first quarter. Near record stock markets and strong investor demand for debt are fuelling transactions that had been on hold due to volatility …

  • Local (Stuttgart: 19549987.SG - news) and international companies were out in force in the sterling market, helping the sector continue its impressive run this quarter despite the Bank of England pulling the plug on its bond buying programme. The sector has been on a tear since last summer, when in response to the vote …

  • Form 8.3 - Aberdeen Asset Management Plc Business Wire - 4 hours ago

    LONDON--(BUSINESSWIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) ...

  • Marks & Spencer closes in on appointment of Swannell successor

    Marks & Spencer (Frankfurt: 534418 - news) (M&S) is closing in on the appointment of a new chairman as it finalises an overhaul of its leadership team aimed at accelerating the revival of Britain’s best-known retailer. Sky News understands that M&S is in advanced talks with Archie Norman, the former Asda boss, and at …

  • Barclays plc (LON:BARC) shares might not be this cheap for much longer.

  • Form 8.3 - Aberdeen Asset Management Plc Business Wire - 5 hours ago

    LONDON--(BUSINESSWIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) ...

  • Concern about global trade and U.S. President Donald Trump's "America First" policies kept appetite for risky assets in check on Friday, setting world stocks on the path to a sluggish end to what will be their sixth straight month of gains. In an interview with Reuters, Trump called the U.S. trade pact with South Korea …

  • Global investors raised equity holdings to a 15-month high in April but trimmed U.S. stocks on growing scepticism over what President Donald Trump can deliver, opting instead to boost exposure to attractively valued emerging markets. A Reuters monthly asset allocation poll of 47 fund managers and chief investment officers …

  • Form 8.3 - WS Atkins Plc Business Wire - 6 hours ago

    LONDON--(BUSINESSWIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) ...

  • Neil Woodford's new stock buy could be a great addition to your portfolio, says G A Chester.

  • Form 8.5- TESCO PLC Business Wire - 7 hours ago

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT ...

  • Form 8.5 - JOHN WOOD GROUP PLC Business Wire - 7 hours ago

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT ...

  • Form 8.5 (EPT/NON-RI)- SKY PLC Business Wire - 7 hours ago

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT ...

  • LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT ...

  • LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT ...

  • Could it be time to catch falling knives Standard Chartered plc (LON: STAN) and BT Group plc (LON: BT.A)?

  • Form 8 (DD) - TESCO PLC Business Wire - 7 hours ago

    LONDON--(BUSINESSWIRE)-- FORM 8 (DD) PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS) Rules 8.1, 8.2 ...

  • Britain's top share index dipped on Friday as disappointing results weighed on banking heavyweight Barclays, with UK blue chips on track for their biggest one-month loss since November 2016. The blue chip ...

  • Barclays (LSE: BARC.L - news) shares fell sharply on Friday as investors focused on a poor performance at its markets business, a key part of its growth strategy, that missed out on a bond trading boom enjoyed by Wall Street rivals in the first three months of 2017. The British bank is seeking to press ahead with restructuring …

  • Taxpayer stake in Lloyds Banking Group cut to below 1%

    The UK taxpayers’ stake in Lloyds Bank has been reduced to less than 1% after a further sell-off of shares. Lloyds was one of the banks bailed out by the Treasury at the height of the financial crisis, with the then Labour administration spending £20.3bn for a 43% stake. In government, the Conservatives have been moving …

  • European shares eased on Friday as investors took profits at the end of a strong week with earnings in focus as political worries subsided, while UBS soared after a profit beat. The STOXX 600 index was ...

  • Roland Head highlights one of his top holdings and considers another potential buy.

  • Concern about global trade and U.S. President Donald Trump's "America First" policies kept appetite for risky assets in check on Friday, setting world stocks on the path to a sluggish end to what will still be their fifth straight month of gains. In an interview with Reuters, Trump called the five-year-old trade pact with …

  • Barclays (LSE: BARC.L - news) failed to match the rebound in bond trading revenues shown by US rivals last quarter due to a weak performance in US rates trading, taking the shine off a strong performance in other areas of investment banking and across the group. Barclays said revenues from credit and macro trading were …

  • Royal Bank of Scotland (LSE: RBS.L - news) swung to a far better than expected first-quarter profit of 259 million pounds ($334.24 million), sending its shares up as much as 4 percent as the lender showed signs of progress in a decade-long turnaround. RBS's first quarterly profit since September 2015 had been expected, …

  • European Union foreign ministers meeting in Malta today will discuss Turkish President Tayyip Erdogan's referendum victory and what they view as his latest steps to dismantle the country's democratic institutions. ...

  • Royal Bank of Scotland rebounds into slender Q1 profit

    Royal Bank of Scotland (RBS), which is still 73-percent owned by the government, has now chalked up its first quarterly profit since the third quarter of 2015

  • Financial services group Old Mutual (Other OTC: ODMUF - news) Plc's UK asset management business reported its higher ever quarter for client inflows and funds under management for the first three months of the year, citing increased demand for its services and platform. Old Mutual Wealth forecast that markets would remain …

  • Can you rely on Lloyds Banking Group plc (LON: LLOY) for income?

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