|Bid||7.80 x 0|
|Ask||7.81 x 0|
|Day's range||7.72 - 7.82|
|52-week range||6.66 - 12.47|
|PE ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
LONDON, Oct 16 - Barclays has hired Amit Goel and Chris Manners as co-heads of European banks equity research, with Goel covering investment banks and Manners covering UK banks. Goel was most recently ...
Canadian pension fund OMERS and U.S. buyout group Madison are acquiring Berlin's landmark property Sony Center from Korea's national pension fund NPS for 1.1 billion euros , the companies said on Monday. ...
Britain's pound jumped above $1.31 for the first time since early August on Thursday, pulled up by a euro that was stronger across the board on the view that the head of the European Central Bank had not tried to strongly talk down the euro. With (Other OTC: WWTH - news) the euro trading around its strongest levels since January 2015 against the dollar, and with banks such as Morgan Stanley (Shenzhen: 002588.SZ - news) calling for the euro to reach parity with the pound in the coming months, there had been much market chatter that ECB chief Mario Draghi would try to knock the currency. "The actual FX reference was very much a currency reference rather than a verbal intervention – that was luke-warm at best," said Neil Jones, head of hedge fund FX sales at Mizuho.
Sterling lost more than half a percent against the euro on Monday, with the single currency up broadly as worries over North Korea drove a flight from riskier assets, and as domestic political uncertainty kept the battered pound under pressure. Data showing growth in Britain's construction sector hit a one-year low in August - hurt by an investment slump in the commercial sector as Brexit uncertainty weighed - had little measurable effect on the currency. Numbers on Friday showed speculators added to their bets against the pound in the week up to last Tuesday, on the back of weak economic data as well as uncertainty about Britain's departure from the European Union.
The value of Scottish investment firm Kiltearn Partners' 10 percent stake in Carillion has fallen by around 70 million pounds ($91 million) after the construction firm's shares lost almost three quarters of their value following a profit warning in July. Carillion (Frankfurt: 924047 - news) disclosed on Aug. 11 that Kiltearn had hiked its stake to 10 percent at the start of February when shares were trading at around 225 pence each, becoming the company's biggest shareholder.
The dollar fell against a basket of currencies on Friday, after data showed U.S. consumer prices rose less than expected in July, pointing to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year. The U.S. consumer price index edged up 0.1 percent last month after being unchanged in June. Economists polled by Reuters had expected the CPI to rise 0.2 percent in July.
U.S. investment bank Morgan Stanley raised its currency forecasts for the euro on Friday, predicting it would hit $1.25 early next year and be one-for-one versus Britain's pound for the first time in its ...
Oil prices dipped on Monday as a rebound in production from Libya's largest oil field prompted selling, and investors worried about higher output from OPEC and the United States. Output at Libya's Sharara field was returning to normal after a brief disruption by armed protesters, the National Oil Corporation (NOC) said. Oil fell as much as 2 percent during the session, but traders said they thought some buying kicked in at the lows due to algorithmic trading.
U.S consumer confidence jumped to a near 16-year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after recent sluggishness. The reports on Tuesday underscored the economy's strong fundamentals, expected to keep the Federal Reserve on course to raise interest rates for a third time this year. The Conference Board said its consumer confidence index surged to 121.1 this month, the second highest reading since 2000, from 117.3 in June.
Sterling recovered from its worst week against the euro in nine months on Monday as investors took profit on gains for the single currency and ministers talked up a transitional deal to smooth Britain's exit from the European Union. The pound lost more than 2.5 percent against the euro last week, hitting an eight-month low of 89.94 pence on Friday, as the single currency rallied on bets the European Central Bank would tighten monetary policy next year.
The Dow and Nasdaq were higher in late afternoon trading on Tuesday, reversing earlier losses as the Senate's announced delay to its August break gave some relief to investors worried about the progress of the Republican agenda. U.S. Senate Republican leader Mitch McConnell announced a two-week delay in the Senate's August recess to provide more time to work on legislation and approve nominees. "It says to me there's a commitment to make some of the changes that the markets would like to see," Brad McMillan, chief investment officer for Commonwealth Financial in Waltham, Massachusetts.
The dollar hit a four-month high against the yen and world's top bonds and emerging market currencies were back under pressure on Tuesday, on bets for higher interest rates in a small but growing group of major economies. With (Other OTC: WWTH - news) the expectations fuelled by increasingly robust-looking global growth, MSCI (Frankfurt: 3HM.F - news) 's 47-country All World share index was up for a third day running, though it was forced to cling on as Europe's main bourses faltered despite a fresh flurry of M&A activity. Treasuries and benchmark European bond yields resumed their march upwards, having paused on Monday, as the focus shifted back to the pace of monetary tightening in the world's largest economies.
World stocks are poised to end the week at six-week lows in the face of oil weakness, a spike in bond yields and anticipation of tighter monetary policy, particularly in the United States. Bets that the world's major central banks are moving closer to unwinding ultra-loose monetary policies have roiled markets and European Central Bank minutes released on Wednesday indicate its policymakers are open to further steps. This sent German government bond yields to 18-month highs, lifted the euro and weighed on stocks.
The dollar rose its highest levels in nearly two months against the Japanese yen on Wednesday as investors reduced bearish bets against the greenback before data this week sheds more light on the ongoing recovery in the U.S. economy. The dollar hopped 0.3 percent higher to trade at 113.59 yen , its highest level in nearly two months. An early boost to the Japanese yen from safe-haven bids after Pyongyang said on Wednesday it had conducted a test of a newly developed intercontinental ballistic missile (ICBM) that can carry a large and heavy nuclear warhead quickly faded.
Emerging stocks touched two-week highs on Monday thanks to strong gains across Asia, a one percent oil price rise and a flat dollar, while Chinese mainland shares were boosted by encouraging comments from ...
While the main FTSE 100 index has risen 17 percent over the 12 months since Britain voted to leave the European Union, this has been driven almost exclusively by a fall in sterling. In dollar terms, British stocks have underperformed every developed index in the world. Data from Bats Europe, a stock exchange and index provider, shows that FTSE-listed companies that generate a large portion of their revenues from the UK are actually flat, whereas those with a high percentage of revenues from abroad are up 26 percent.
European shares bounced back from two days of losses on Friday, as financial stocks recovered with sentiment helped by a Greek debt deal that further eased political worries in the euro zone. Euro zone governments threw Greece another eleventh-hour credit lifeline worth 8.5 billion euros ($9.50 billion) late on Thursday and sketched new detail on possible debt relief as the IMF finally offered to help out after two years of hesitation. Some analysts expect any debt relief deal to unlock more value from Greek stocks.
Middle market lenders are losing higher yielding assets to the institutional loan market as companies such as US Anesthesia Partners, attracted by the lower spreads, opt to tap the broadly syndicated market, leaving private credit managers to reinvest repayment proceeds at lower yields. Private debt investors have been battling against an increasingly aggressive middle market environment, where portfolio yields have been eroded by several quarters of tightening spreads and covenant-lite volume has soared. Year-to-date middle market institutional issuance including deals still in process has reached US$18.08bn, already surpassing the US$10.67bn booked in the first half of last year, as larger rated middle market borrowers take advantage of demand from institutional loan buyers, such as Collateralized Loan Obligations (CLO).
Google's new initiative called "Attribution" aims to link online ads and offline purchases to help measure the effectiveness of internet marketing campaigns
Barclays (LSE: BARC.L - news) ' new corporate and investment bank boss has told staff he wants them to start taking more risk and has set up a new unit aiming to "sweat our assets better". The message to staff in recent weeks from Tim Throsby has been clear: years of restructuring and apologising for past mistakes are over and returns and efficiency need to improve to cement Barclays' position as the leading challenger to US bulge bracket firms. Throsby, a 50-year-old Australian poached from JP Morgan, in January started one of the biggest jobs at Barclays: running its new international business.
Barclays (LSE: BARC.L - news) and UBS (LSE: 0QNR.L - news) are teaming up with an alternative lender to satisfy risk retention rules for their first commercial property loan securitization of the year, according to a banker familiar with the matter. A division of Miami-based Rialto Capital Management will keep a 5% vertical slice of the deal to comply with the reforms, the banker said. "It's our first deal of the year and we looked at a lot of different structures," the banker told IFR.
Oil prices fell 2 percent on Tuesday to the lowest in nearly a month, extending the previous session's sell-off as the U.S. dollar strengthened and doubts mounted over whether producing countries would implement a deal to cut output. Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries (OPEC) appear to be reducing production, but it was unclear whether other big producers will follow suit. Iraq, OPEC's No. 2 producer, said it would raise crude exports from its main Basra port to an all-time high in February.
U.S. sports magnate Stanley Kroenke, who is the majority shareholder of London soccer club Arsenal, has bought into leading French vineyard Bonneau du Martray, the parties behind the deal said on Thursday. ...