Barclays Africa Group Ltd (BGAJ.J)
25 May 2018
Wed, May 23 2018
LONDON (Reuters Breakingviews) - Talk of Barclays considering a merger with Standard Chartered reveals little about the UK bank except its limited options for boosting returns. Chairman John McFarlane is keen on a combination with the emerging markets lender, the Financial Times reported on Wednesday. A deal appears to make little financial sense. But it underscores how little Barclays Chief Executive Jes Staley can do in the short term to appease investors.
JOHANNESBURG KPMG's scandal-hit South African arm lost another major client on Thursday when Barclays Africa Group dropped it as joint auditor, raising questions about the firm's future.
* Central bank says no need for banks to use Big Four (Adds central bank comment, Nedbank comment)
BRIEF-Absa says Barclays Africa has withdrawn Ordinary Resolution dealing with re-appointment of KPMG from consideration at AGM
* BARCLAYS AFRICA WITHDRAWN RESOLUTION DEALING WITH RE-APPOINTMENT OF KPMG FROM CONSIDERATION AT AGM TO BE HELD ON TUESDAY, 15 MAY
* Name to revert back to Absa Group (Recasts, adds finance director comments)
JOHANNESBURG The chief executive of Barclays Africa said on Thursday the lender aims to enter Nigeria as a new market as it seeks to raise its share of the African banking market to 12 percent from 6 percent over the medium term.
JOHANNESBURG, March 1 The chief executive of Barclays Africa said on Thursday the lender aims to enter Nigeria as a new market as it seeks to raise its share of the African banking market to 12 percent from 6 percent over the medium term.
* TO CHANGE GROUP'S NAME FROM "BARCLAYS AFRICA GROUP LTD" TO "ABSA GROUP LTD", SUBJECT TO REGULATORY AND SHAREHOLDERS' APPROVAL Source text for Eikon: Further company coverage:
March 1 Barclays Africa Group, South Africa's No.2 lender by market value, reported a 4 percent rise in annual profit on Thursday, thanks to a substantial decline in impairments.
LONDON, Feb 22 (IFR) - Barclays' corporate and investment bank made a loss in the final quarter for the first time in three years, as income fell in trading, equities and banking and it took a loss on UK construction firm Carillion.