Barclays expected to reveal £1.6bn profits with more Covid cash to be released
3 years, 5 months ago

Barclays expected to reveal £1.6bn profits with more Covid cash to be released

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The bank set aside £3.7 billion as a rainy day fund last year and released £742 million earlier this year. Sophie Lund-Yates, equity analyst at Hargreaves Lansdown, said: “Last year, the group put aside swathes of money in case customers defaulted on payments, but these provisions are being unwound – which helped profits substantially in the first half. It’s a short-term tailwind, but one which we think will have continued into this quarter Sophie Lund-Yates, equity analyst at Hargreaves Lansdown Russ Mould and Danni Hewson, financial analysts at AJ Bell, said the performance of the investment bank would also be scrutinised closely by analysts and investors. They said: “The unit had a good first half, generating £3.4 billion of pre-tax profit against £2.2 billion in the prior period in 2020, helped by active bond and equity markets, plenty of primary and secondary equity market activity and a good dollop of mergers and acquisitions on top.” Analysts expect the division to post profits of £1.8 billion for the period between July and October.

Covid Billion Profits  equity  provisions  period  set  16bn  free  emails  covid  profits  billion  barclays  released  sign  breaking  reveal  expected  cash

History of this topic

Shein under pressure to cut valuation of planned London float – reports
1 month, 1 week ago

Shein under pressure to cut valuation of planned London float – reports

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Fast fashion giant Shein is …

Barclays boss sees pay more than double to £10.5m as bank's profits boom amid rise in dealmaking
1 month, 1 week ago

Barclays boss sees pay more than double to £10.5m as bank's profits boom amid rise in dealmaking

Daily Mail  

The boss of Barclays saw his pay more than double to £10.5million last year as the bank’s profits surged amid an increase in dealmaking. CS Venkatakrishnan, known internally as ‘Venkat’, cashed in as a long-term share-based bonus scheme paid out for the first time since his appointment in 2021. Venkat reiterated his backing for Labour’s growth plan even as official …

Barclays to hand share award worth £500 to staff after yearly profits surge by a quarter
1 month, 1 week ago

Barclays to hand share award worth £500 to staff after yearly profits surge by a quarter

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Barclays has unveiled bigger profits …

Barclays completes Tesco Bank buy as retailer hands £700m to shareholders
4 months, 3 weeks ago

Barclays completes Tesco Bank buy as retailer hands £700m to shareholders

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Barclays will market and distribute credit cards, loans and …

HSBC to start cutting top banker roles as it reveals jump in profit
4 months, 3 weeks ago

HSBC to start cutting top banker roles as it reveals jump in profit

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy HSBC has said it will …

Barclays profit jumps nearly a fifth as investment bank cashes in on dealmaking
5 months ago

Barclays profit jumps nearly a fifth as investment bank cashes in on dealmaking

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Barclays said it generated more income than last year, …

HSBC boasts ‘strong profit performance’ for first half of 2024
7 months, 3 weeks ago

HSBC boasts ‘strong profit performance’ for first half of 2024

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Banking giant HSBC has recorded …

Barclays profit falls as mortgage lending and investment bank squeezed
11 months ago

Barclays profit falls as mortgage lending and investment bank squeezed

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Barclays has reported lower profits …

UK banks set to report lower earnings as they retreat from 2023 highs
11 months, 1 week ago

UK banks set to report lower earnings as they retreat from 2023 highs

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s biggest high street …

How the Barclay family is losing grip on its shopping empire
1 year ago

How the Barclay family is losing grip on its shopping empire

The Telegraph  

The Carlyle loan came at a steep price. Carlyle declined to comment on the status of the loan following its latest cash injection, which came lower down the chain of Very companies and sees it represented on the board for the first time. Carlyle’s decision to step in again comes after it consulted heavyweight advisers from American law firm Akin …

Standard Chartered to hand billions to shareholders as profits rise
1 year, 1 month ago

Standard Chartered to hand billions to shareholders as profits rise

The Independent  

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HSBC full-year profit jumps 78% thanks to record high gain on interest rates
1 year, 1 month ago

HSBC full-year profit jumps 78% thanks to record high gain on interest rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy HSBC has reported a 78% …

UK’s biggest banks set to report record annual profits
1 year, 1 month ago

UK’s biggest banks set to report record annual profits

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s biggest banks are …

Barclays to snap up Tesco Bank in £600m deal
1 year, 1 month ago

Barclays to snap up Tesco Bank in £600m deal

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Barclays has agreed to buy …

UK’s biggest gas supplier accused of ‘ripping off’ Britons as it announces £28bn profit
1 year, 1 month ago

UK’s biggest gas supplier accused of ‘ripping off’ Britons as it announces £28bn profit

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s biggest gas supplier has been accused of “ripping …

Barclay family repays £1.2bn debt to Lloyds amid potential sale of Telegraph
1 year, 3 months ago

Barclay family repays £1.2bn debt to Lloyds amid potential sale of Telegraph

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Barclay family has repaid …

Barclays plans 2,000 job cuts as part of $1.25 billion cost-cutting plan: Report
1 year, 4 months ago

Barclays plans 2,000 job cuts as part of $1.25 billion cost-cutting plan: Report

Live Mint  

Barclays is working on its cost-saving plans of 1 billion pounds which could also involve around 2,000 job cuts, mainly in the British bank's back office, according to a report published by the news agency Reuters. He said that the potential cuts would primarily be at Barclays Execution Services, known internally as ‘BX’, and would form part of an overall …

Lloyds Bank profit surges on higher borrowing costs
1 year, 5 months ago

Lloyds Bank profit surges on higher borrowing costs

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Lloyds Banking Group’s profit has …

Insurance giant Lloyd’s of London sees profits double to £3.9bn in six months
1 year, 6 months ago

Insurance giant Lloyd’s of London sees profits double to £3.9bn in six months

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Lloyd’s of London said that …

Barclays announces 14 more branch closures, bringing total to 58 this year
1 year, 11 months ago

Barclays announces 14 more branch closures, bringing total to 58 this year

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Government must look again at proposals to introduce …

HSBC’s pre-tax profits dip slightly though hopes remain high for 2023
2 years, 1 month ago

HSBC’s pre-tax profits dip slightly though hopes remain high for 2023

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The group’s reported profit before tax fell by 1.4 …

Barclays profit falls on hit from debt-sale mistake, deal-making slump
2 years, 10 months ago

Barclays profit falls on hit from debt-sale mistake, deal-making slump

Live Mint  

Barclays PLC delayed a share buyback until it sorted out a debt-sale flub with regulators, a mistake that drove down its net profit last quarter. Venkatakrishnan ran into a sticky situation early in his tenure after the bank said last month it was facing a £450 million loss, net of tax, and a regulatory investigation. The bank said a planned …

Barclays profit rises in 4th quarter, beating estimates
3 years, 1 month ago

Barclays profit rises in 4th quarter, beating estimates

Live Mint  

The U.K. bank, which also said that it intends to launch a share buyback program of up to 1 billion pounds, posted a pretax profit for the period of GBP1.47 billion compared with GBP646 million a year earlier. The FTSE 100 listed bank’s net profit rose to GBP1.12 billion from GBP220 million for the year-earlier period. Total operating expenses stood …

NatWest returns to profit after heavy Covid hits
3 years, 1 month ago

NatWest returns to profit after heavy Covid hits

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Chief executive Alison Rose said it had been a strong year for the bank …

NatWest expected to show juicy profits amid interest rate hikes
3 years, 1 month ago

NatWest expected to show juicy profits amid interest rate hikes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. As the business made a £3.6 billion pre-tax profit …

Premier Inn recovery faster than expected, bosses say
3 years, 5 months ago

Premier Inn recovery faster than expected, bosses say

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Whitbread traded significantly ahead of the market in the …

Covid loan bank went through ‘gigantic shift’ as it funnelled £88bn to UK companies
3 years, 6 months ago

Covid loan bank went through ‘gigantic shift’ as it funnelled £88bn to UK companies

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The boss of the Government-owned …

Britons splash out over bank holiday weekend as card use hits 21-month high
3 years, 6 months ago

Britons splash out over bank holiday weekend as card use hits 21-month high

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Barclaycard which processes £1 in every £3 spent on …

FTSE 100 latest: Rolls-Royce share price rises despite mammoth £4bn loss due to pandemic
4 years ago

FTSE 100 latest: Rolls-Royce share price rises despite mammoth £4bn loss due to pandemic

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rolls-Royce posted a mammoth £4bn …

Pound surges to 33-month high on coronavirus vaccine optimism
4 years, 1 month ago

Pound surges to 33-month high on coronavirus vaccine optimism

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The pound rose to a …

Scams jump 66 per cent during lockdown as fraudsters take advantage of nation's uncertainty
4 years, 7 months ago

Scams jump 66 per cent during lockdown as fraudsters take advantage of nation's uncertainty

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Fraudsters have cashed in on …

Barclaycard spending data lays gathering economic storm bare
4 years, 11 months ago

Barclaycard spending data lays gathering economic storm bare

The Independent  

Barclaycard’s monthly consumer spending data – the latest release runs from the tail end of February to March 27 – has the feeling of a gathering storm about it. Overall spending through bank’s credit and debit cards, which account for just under half of card-based consumer spending in the UK, was down by 6 per cent with some notably deep …

Brexit: Barclays profits slip as bank sets aside £150m to deal with fallout from EU departure
6 years, 1 month ago

Brexit: Barclays profits slip as bank sets aside £150m to deal with fallout from EU departure

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

Barclays 'spend stopper' is a thoroughly good idea
6 years, 3 months ago

Barclays 'spend stopper' is a thoroughly good idea

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy It’s easy to be cynical …

HSBC profits jump 28 per cent as costs come down
6 years, 4 months ago

HSBC profits jump 28 per cent as costs come down

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy HSBC profits rose 28 per …

Barclays boss hails 'year of delivery' as bank books rising profits
6 years, 5 months ago

Barclays boss hails 'year of delivery' as bank books rising profits

Daily Mail  

Barclays boss Jes Staley said 2018 was proving to be a 'year of delivery' as the lender's strategy starts to bear fruit. The firm banked group profits of £1.46billion over the last three months, 30 per cent higher than the same period last year, as it appeared to put the pain of hefty conduct and litigation costs behind it. Barclays …

Barclays profits drop 10% after bank takes £2.1bn hit for misbehaviour
6 years, 5 months ago

Barclays profits drop 10% after bank takes £2.1bn hit for misbehaviour

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Profits fell 10 per cent …

Barclays profits tumble 29% due to legal costs and PPI claims
6 years, 7 months ago

Barclays profits tumble 29% due to legal costs and PPI claims

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Barclays has reported a 29 …

Barclays profits tumble as lender is slapped with £2billion in charges
6 years, 7 months ago

Barclays profits tumble as lender is slapped with £2billion in charges

Daily Mail  

Barclays revealed dramatically improved profits in the second quarter today, which meant that half-year were much better than feared. These exceptional costs – both booked in the first quarter – dragged Barclays' pre-tax profits down by 29 per cent to £1.7billion for the first half of the year. Barclays, headquartered in Canary Wharf London, said better times lie ahead But …

Lloyds Bank profits rise 23% as lender cuts jobs and branches
6 years, 11 months ago

Lloyds Bank profits rise 23% as lender cuts jobs and branches

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Lloyds Banking Group has reported …

Lloyds posts largest annual profit in over a decade
7 years, 1 month ago

Lloyds posts largest annual profit in over a decade

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Lloyds Banking Group has posted …

Barclays takes $1.3 billion one-time hit from US Tax Bill
7 years, 2 months ago

Barclays takes $1.3 billion one-time hit from US Tax Bill

Live Mint  

London: Barclays Plc will take a charge of about £1 billion this year as a result of the recent US corporate tax overhaul driven by President Donald Trump. However, the British lender expects its future US after tax earnings to be positively impacted by the changes, it said in a statement on Wednesday. The lowering of the US corporate tax …

Lloyds posts biggest half-year profit in eight years and sets aside £700m more for PPI scandal
7 years, 7 months ago

Lloyds posts biggest half-year profit in eight years and sets aside £700m more for PPI scandal

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Lloyds Banking Group has reported …

Government-backed RBS reports almost £7bn loss for 2016
8 years, 1 month ago

Government-backed RBS reports almost £7bn loss for 2016

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The bank which is 72 per cent owned by …

Cobham shares plummet after fifth profit warning in less than two years
8 years, 1 month ago

Cobham shares plummet after fifth profit warning in less than two years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares in UK engineering and …

Brexit: Cost of bailing out banks to taxpayer hits £27bn after EU referendum vote
8 years, 4 months ago

Brexit: Cost of bailing out banks to taxpayer hits £27bn after EU referendum vote

The Independent  

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Barclays Investment Bank is safe for now as it powers bank’s latest results
8 years, 4 months ago

Barclays Investment Bank is safe for now as it powers bank’s latest results

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Without that investment …

Barclays profits plunge 25% in first quarter
8 years, 10 months ago

Barclays profits plunge 25% in first quarter

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Barclays said profit fell 25 …

Antony Jenkins, Barclays’ ousted CEO, to receive £505,000 bonus
9 years ago

Antony Jenkins, Barclays’ ousted CEO, to receive £505,000 bonus

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Antony Jenkins, Barclays former chief …

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