Barclays on the up March 16th, 2009

Barclays shares ended the day 22% up as the bank confirmed it is in talks over a possible sale of its iShares fund management business. Whilst potential suitors have yet to confirm a deal, initial thoughts are that the sale could raise anything up to £5bn.

The Bank chose not to seek Government funding amidst the downturn, instead turning to the Middle East for funds to shore up its Balance Sheet. So far this strategy appears to be working as Barclays has remained profitable, unlike its main competitors RBS and Lloyds.

Bookmark and Share

Tags: , ,
Posted in Banks |

You can leave a response, or trackback from your own site.

Leave a Reply



Many firms queue up for London Stock Exchange listing 12 Mar 2010 03:12, Silicon India
... are seeking to get listed on the London Stock Exchange to reap benefits from the liquidity and ... and profile that a listing there offers. LSE officials and advisors feel the LSE's future ...

London Stock Exchange quotations 12 March 2010 12 Mar 2010 19:31, Earthtimes.org
... London - Closing prices in pence on the London Stock Exchange, In brackets movement and percentage change against the previous quotation: BAT Industries 2,233.50(-1.00)(- 0.04%) ...

Click for the latest world news headlines from EIN News

SuperGroup and Promethean floats show new faith in London Stock Exchange 12 Mar 2010 12:53, This is London
's fundraising ability looks to have returned, as fashion chain SuperGroup and electronic whiteboard-maker Promethean World today announced they had each made about 400 ...

More from EIN news >>

Customize your own free news feed at Newsfeed Maker.com.

  • Selection from Glossary

    • City
      The square mile in London that is home to major financial institutions. In recent years, the City has expanded to Canary Wharf as businesses have looked to move into this area.