Barclays PLC (BCS) , which has been considering selling a stake in its U.K. merchants’ payment processing unit for a while, is now targeting buyout firms to buy a majority stake in the business. The news was reported by Reuters, citing people with knowledge of the matter.In September 2023, it was reported that BCS was looking for a partner to boost the business.Initially, the British bank had conversations with specialist payments providers regarding a deal. However, the conversations did not make any progr ...

Barclays has been barred from taking part in municipal bond issuances in Texas after being classified as a ‘fossil fuel boycotter’ by the US state. Ken Paxton, the state’s Attorney General, said the UK lender had not responded to questions about its pledges to cut greenhouse gas emissions. Known as the US oil state, Texas has already struck other banks off its lending list due to concern about their ESG stances. According to Reuters, Barclays was identified by the Attorney General as part of the Net Zero Al ...

Barclays' strategic review, to be announced on 20 February, can be the catalyst for a re-rating of the bank after years of underperformance, according to analysts at US rival JP Morgan. “The bank has traded at a material discount to tangible book for over a decade, with the equity story out of favour with many investors, but at current valuations, we believe that the stock retains significant upside potential which can be unlocked.” JP Morgan expects the review to focus on the return on tangible equity targ ...

Barclays has received an earnings downgrade from broker Shore Capital ahead of its full-year results on 20 February. The broker has kept its 'buy' recommendation but chopped its earnings and dividend expectations by 9% to 27.2p and 8.2p respectively. A likely challenging quarter for the investment bank arm is one of the reasons for the downgrade with tough comparisons and a very little capital market activity. On the plus side, the trends for deposit migration and bad debts have been better than expected. B ...

Investors should pass on shares of Ericsson and Nokia, say Barclays analysts who downgraded both telecom equipment providers, citing unappealing valuations and struggling radio access networks (RAN).The pair were dropped to underweight from neutral, with price targets lowered 15% and 35%, respectively. Shares of Ericsson ERIC, +1.49% ERIC.B, -3.04% fell over 3% and Nokia NOK, +0.58% NOKIA, -2.39% dropped more than 2% locally, with those losses reflected in U.S-listed shares ahead of the market’s open. “Tele ...

Barclays (LON: BARC) share price has sold off sharply in the past few days as investors digest the ongoing bank earnings season. The stock retreated to a low of 140p on Thursday, about 10% below the highest point this year. It also remains 24% below the highest point in 2023, meaning it is in a deep bear market.Barclays share price chart CEO Venkatakrishnan’s view on BarclaysCopy link to sectionIn a Bloomberg interview at the World Economic Forum, CEO C.S Venkatakrishnan said that he believed that the compa ...

Deliveroo PLC (LSE:ROO) was a rare flash of green on a day of red in global stock markets, pedalling 3% higher after Barclays upgraded its rating and set out six reasons to own the stock. Moving to an ‘overweight' stance on the shares, the reasons set out by the bank's analysts were as follows: growth should improve in 2024 mid-term margin upside is seen M&A upside once founder Will Shu's special class B shares are due to expire in April possible cash returns valuation support on free cash flow basis and F ...

SolarEdge Technologies (NASDAQ:SEDG) stock is dipping on Wednesday after the solar energy company’s shares were downgraded by Barclays analyst Christine Cho.That saw the Barclays analyst drop SEDG stock from an “equal weight” rating to an “underweight” rating today. That’s worse than the analysts; consensus “hold” rating for SEDG shares.Adding to that trouble is a price target drop from $74 per share to $50 per share for SEDG stock. That represents a roughly 31.5% downside compared to yesterday’s closing pr ...

LONDON & NEW YORK--(BUSINESS WIRE)--Barclays today announces that it is establishing a new Energy Transition Group, within its Corporate and Investment Bank. The new group will be responsible for providing strategic advice to clients as they explore potential energy transition opportunities. “At Barclays, we have long believed the energy transition will effectively re-shape how businesses and the world are thinking about the transition to net-zero,” says Cathal Deasy, Global Co-Head of Investment Banking ...

LONDON--(BUSINESS WIRE)--Barclays Research and IBM’s Institute for Business Value today released a new Impact Series report, entitled “AI revolution: productivity boom and beyond.” The report examines whether AI can become the final accelerator to boost productivity and what this could mean for industries and the wider economy. “The world’s demographic patterns are shifting in unprecedented ways and productivity growth in advanced economies has been disappointingly low over the past two decades, despite ...