Barclays Africa Group, South Africa’s No.2 lender by market value, plans to extend its reach throughout the continent, it said on Thursday after posting annual profit up nearly 4 percent. Chief Executive Maria Ramos said the bank, which is changing its name back to South African brand Absa after its split from former parent Barclays, […]
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Barclays PLC showed its confidence in future earnings on Thursday by restoring its full dividend, despite lacklustre investment banking income, restructuring costs and U.S. tax reforms hitting the bank’s 2017 bottom line. Shares in the British bank were up 5.1 percent to 212 pence at 1043 GMT, sending Barclays to the top of the FTSE […]
Read More The management of 9mobile has stated that Barclays Bank has not withdrawn as financial advisor of the 9mobile investment process. According to a statement released on its website, the company said the bank is committed to a speedy conclusion of the process. “Following recent press reports relating to Barclays Africa’s role as financial advisor on […]
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Barclays says third-quarter earnings rose 32 percent as the London-based bank reported its first results since completing a post-financial crisis restructuring. Pre-tax profit increased to 1.11 billion pounds ($1.47 billion) from 837 million pounds. The bank, which shed riskier assets and sold its African business to focus on Britain and North America, said Thursday that […]
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The 13-bank consortium that raised about $1.2 billion for Etisalat Nigeria Limited (now 9mobile) in 2013 may have picked Barclays Bank to get new investors for the debt-laden firm, following their suspected link with Citigroup and Standard Bank earlier chosen for the role. Barclays was said to have started work on the mandate and is […]
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