Barclays plans share issue to fill capital hole

Barclays plans share issue to fill capital hole

LONDON Barclays, Britain's second largest bank, plans to issue new shares worth 5.8 billion pounds to shore up its capital and satisfy new regulatory requirements meant to prevent a repeat of the 2008 crisis. Its stock price plunged as investors…

London close: Stocks finish down with Greece in focus

LONDON – - Oil rises on supply concerns. – PBOC to keep buying Eurozone debt. – Samaras to honour terms of new package.

FTSE 250 Movers: Thomas Cook in pole position

LONDON – Thomas Cook occupied the top spot once again, one week before being unceromoniously booted off the footsie 250. Recovering from the blow, shares rose 6%, boosted by news that Thomas Cook India , the country’s largest integrated travel financi…

FTSE 250 Movers: Michael Page dragging on the index

LONDON – Michael Page International was the biggest faller after issuing a profit warning for the fourth quarter claiming the Eurozone crisis has reduced client and candidate confidence?.

FTSE 250 Movers: Christmas comes early for Thomas Cook

LONDON – Thomas Cook and market competitor TUI Travel were both on the up after it was reported that the cash-strapped Thomas Cook is set to survive though the Christmas period thanks to the support of its banks.

Jean Chatzky: New gadgets for consumers’ financial toolbox

Last week, Finovate came to New York. The conference, held every spring and fall (with one event always in London), serves as a launchpad for innovations in banking technology. Sounds like a snoozefest, but it’s

Brett Arends’ ROI: Look out, stocks are called above intrinsic value

What sort of returns are investors likely to get from stocks from here? That’s the question that comes to mind following the latest intriguing research from Dylan Grice, investment strategist for SG Securities in London. (15 mins ago)

London close: Footsie advances as takeover activity excites

Shares closed with decent gains as bid activity and higher oil prices whetted investor appetites. (26 mins ago)

London mid-morning: Footsie seeking direction

LONDON – Strong economic growth figures for the second quarter has done little to give Footsie any real sense of direction. (25 mins ago)

PFS conference: ABI says insurers are failing to engage consumers

Speaking at the Personal Finance Society conference in London yesterday, ABI head of distribution policy Peter Jolly said life companies do not design products with consumers in mind and criticised the high levels of cost and complexity in the market. (16 mins ago)