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BCS / Lloyds, NatWest and Barclays boosted as inflation reading changes interest rate outlook

Lloyds, NatWest and Barclays boosted as inflation reading changes interest rate outlook
Lenders, led by Lloyds Banking Group and NatWest Group, saw their shares carried higher on the back of UK inflation data softening, with the wider financial sector also seeing a boost. UK consumer price inflation eased to 7.9% in June from 8.7% the previous month, while core CPI inflation dropped to 6.9% from the 31-year high of 7.1% the previous month. Read More
Posted: Jul 19 2023, 05:29
Author Name: Proactive Investors
Views: 110553

BCS News  

Credit Agricole, BAWAG poised to bid for Barclays German unit - sources

By Reuters
November 3, 2023

Credit Agricole, BAWAG poised to bid for Barclays German unit - sources

French bank Credit Agricole and Austria's BAWAG Group are set to submit binding bids for Barclays' German consumer finance unit this week, two people more_horizontal

Lloyds rebuffs another Telegraph bid from Barclays brothers

By Proactive Investors
November 2, 2023

Lloyds rebuffs another Telegraph bid from Barclays brothers

Lloyds Banking Group PLC (LSE:LLOY) has rebuffed another £1 billion Abu Dhabi-backed attempt by the Barclay family to reclaim the Telegraph Group, ac more_horizontal

Barclays CEO FULL for digital

By Bloomberg Markets and Finance
November 1, 2023

Barclays CEO FULL for digital

Barclays Plc Chief Executive Officer C.S. Venkatakrishnan discusses the London-based lender's financial results, state of its businesses, cost-cuttin more_horizontal

Dirt cheap: Distressed office buildings likely to fetch only cost of land, Barclays says

By Market Watch
November 1, 2023

Dirt cheap: Distressed office buildings likely to fetch only cost of land, Barclays says

The full toll of the Federal Reserve's rate hikes on office buildings emptied by the pandemic isn't yet being felt, according to Barclays. more_horizontal

HSBC Stock Up as Q3 Pre-Tax Earnings Jump on Higher Revenues

By Zacks Investment Research
October 30, 2023

HSBC Stock Up as Q3 Pre-Tax Earnings Jump on Higher Revenues

Higher revenues driven by an increase in net interest income support HSBC Holdings (HSBC) Q3 pre-tax earnings. more_horizontal

Barclays: Buy Rating Retained, Conviction Lowered

By Seeking Alpha
October 29, 2023

Barclays: Buy Rating Retained, Conviction Lowered

Barclays delivered a second consecutive quarterly update that rattled the market. Comfort regarding the net interest margin outlook for the group's UK more_horizontal

Analyst: Bank Stock Subject to Regional Uncertainties

By Schaeffers Research
October 26, 2023

Analyst: Bank Stock Subject to Regional Uncertainties

Shares of U.K.-based Barclays PLC (NYSE:BCS) are 1.8% lower premarket, after BofA Global Research downgraded the bank stock to "underperform" from " more_horizontal

Barclays downgraded by BofA on restructuring uncertainty

By Reuters
October 26, 2023

Barclays downgraded by BofA on restructuring uncertainty

BofA Global Research downgraded Barclays to underperform on Thursday, citing uncertainty over the UK bank's restructuring and near-term risks to capit more_horizontal


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