Barclays on track for double-digit growth
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John Varley, the new chief executive of Barclays, said on Thursday that the UKâs third largest bank remains on target to deliver double-digit growth in pre-tax profits this year.
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Shares in UK banking group Barclays rise on Monday after a weekend press report said it had held merger talks with Wells Fargo.
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Barclays is close to raising some Â£10bn from China and Singapore to back its takeover of a Dutch bank.
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St George Bank, Australia&#39;s fifth-largest, says annual net profit rose 18 per cent to A$717 million ($782 million) on stronger housing and business lending and it forecasts double-digit
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Barclays PLC, Britain's third-biggest bank, said Thursday it is on track to meet analyst expectations of a full-year profit before tax of 4.5 billion pounds (US&#36;8.5 billion, euro6.5 billion), despite a flat performance from its domestic retail banking business.
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The British economy grew at a faster than expected annual rate during the second quarter of 2007, official data showed on Wednesday.
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The FTSE 100 climbed above 6,000 on Tuesday afternoon as dealers digested the latest developments in the banking sector.
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Barclays raises its offer for the Dutch bank ABN Amro, after China and Singapore invest in the UK firm.
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CHARLOTTE, N.C. -- Shares of Barclays PLC rose more than 4 percent yesterday after an investment analyst advised clients that Bank of America Corp. may be interested in bidding for the London-based banking company.
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Barclays PLC  may have tallied  big losses in a Bear Stearns Cos.  hedge fund that  invested in risky mortgages, The Wall Street Journal reported  on Saturday.
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Shares in Barclays  climbed for a second day on Friday as speculation mounted that Bank of America  could bid for the UK bank, with a leading analyst saying there could be strong merit to an acquisition.
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Strong results from Barclays (NYSE:BCS) on Tuesday offset news of further writedowns at Credit Suisse (NYSE:CS), helping European equities to a second session of gains.
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Barclays Plc , Britain's third-biggest bank, raised its 2007 write-down on the value of risky assets to 1.6 billion pounds ($3.1 billion) but reported profits broadly in line with analysts' expectations.
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SINGAPORE/BEIJING  - Britain's Barclays  is in talks with the governments of China and Singapore to raise 10 billion pounds ($20.6 billion) to help fund its planned purchase of Dutch bank ABN AMRO , the BBC reported on Monday.
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Russ Koesterich, senior portfolio manager at Barclays Global Investors, foresees soft numbers in housing, manufacturing and consumer spending.
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The UK's third biggest bank Barclays sees annual pre-tax profits rise to record levels boosted by a sharp rise in business at its investment division.
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The company reported double-digit growth of at least 25% all around, from new software licenses to profit and revenue.