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LON100:BARC, Nov 22, 07:05 UTC

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Wednesday, November 20


News

UPDATE 1-Canadian miner Teck hires Barclays to sell Peru mine stake-sources

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UPDATE 1-Canadian miner Teck hires Barclays to sell Peru mine stake-sources. Nov 20 (Reuters) - Canada's Teck Resources Ltd has hired Barclays to sell all of its 80% stake in its Zafranal copper asset in Peru, as the diversified miner accelerates efforts to exit advanced projects and focus on its massive Chilean expansion, two banking sources told Reuters on Wednesday. Teck is likely to sell or seek a partner for Zafranal, Chief Executive Officer Don Lindsay has said. The company and its advisors are sounding out interest from mining firms already operating in Peru for the copper-gold project that could fetch up to $500 million, one of the sources said. However, the project would need a further injection of more than $1 billion before it can start production, the source said.

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Barclays’ new finger vein scanner is more secure – and convenient – for your online banking

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Barclays has beefed up its biometric security with a next-gen finger vein scanner which benefits from Bluetooth support, meaning it can operate without needing to be hooked up to a PC of any kind – and there are more benefits besides. The Barclays Biometric Reader (BBR) uses infrared to scan finger vein patterns unique to each individual, and the tech comes courtesy of Hitachi. As mentioned, the reader boasts wireless connectivity in the form of Bluetooth, so you can manage your banking without having to actually connect the device to a computer. It also benefits from an ‘activity screen’, a small display which provides written instructions detailing the activity being authorized, as an additional safeguard against any potential fraud (in case there’s been a compromise somewhere, and a malicious party is messing with the customer’s banking activity in any respect). You’re so vein... Hitachi’s VeinID technology is recognized as one of the most secure forms of biometric authentication available today, Barclays notes, and vein scanning is more secure than fingerprint scanning.

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Barclays and BT distance themselves from Duke of York

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Barclays and BT have become the latest high-profile firms to distance themselves from the Duke of York, as pressure mounts over the royal role of the Queen’s second son. Barclays had renewed its sponsorship of Pitch@Palace in recent months. But a spokesman for the bank told the PA news agency: “Pitch@Palace as an organisation has made an undeniable impact on supporting entrepreneurs and creating new jobs, which is why we are keen to support the programme. BT called for Andrew to be removed as patron of iDEA – The Duke of York Inspiring Digital Enterprise Award – a programme which helps develop digital enterprise and employability skills. London Metropolitan University is also considering the duke’s role as its patron, while a student panel at Huddersfield University passed a motion to lobby Andrew to resign as its chancellor. Asian-focused bank Standard Chartered joined KPMG in deciding not to renew its sponsorship of the Pitch@Palace scheme. AstraZeneca’s three-year partnership with Pitch@Palace is due to expire at the end of this year and is being reviewed, and Outward Bound Trust, of which Andrew is patron, is to hold a board meeting to discuss the matter.

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Monday, November 18


News

How safe is the Barclays (LON:BARC) dividend payment?

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Barclays (LON:BARC) is a large cap global financial services holding company. The group pays out an attractive rolling dividend yield of 5.02%, which is forecast to rise by some 36.3% over the next year. With that in mind, let’s take a look at Barclays dividend cover. Take a look and see if any of the qualifying stocks might be worthy of further research. As for Barclays (LON:BARC), you can find a wealth of financial data on the group's StockReport, including information on the group's past and forecast dividend payments. If you’d like to discover more about dividend investing, you can read our free ebook: How to Make Money in Dividend Stocks.

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Friday, November 15


News

Barclays: Grubhub Stock Could Soar With Merger

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Barclays has raised its investment opinion of Grubhub, positing that a few key moves could significantly change the future outlook of the company, according to a report by Bloomberg. Analyst Deepak Mathivanan said the “irrational competitive landscape” throughout the food delivery marketplace and Grubhub leaders’ “ill-timed strategic investments, and poor execution” made the stock lose three quarters of its value to reach the lowest point in two years. Another suggestion is to explore a merger with another leading food delivery company, which could result in “meaningful synergies.” With the right merger, the Barclays analyst said, shares could rise to “well north of $50 per share.”. Mathivanan pointed to the recent takeover of Delivery Hero’s German business by Takeaway.com, noting that Takeaway shares grew by 75 percent since that acquisition, and Delivery Hero shares also climbed 60 percent.

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GrubHub Gains as Barclays Upgrades on Hopes for Board Action

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GrubHub Gains as Barclays Upgrades on Hopes for Board Action. (Bloomberg) -- GrubHub shares are trading higher Friday after Barclays raised its investment opinion two notches, to overweight from underweight. One request to the board is to explore consolidation with another leading food delivery player, which should result in “meaningful synergies.” Mathivanan believes that under the right M&A scenario, shares could be valued at “well north of $50 per share.” He noted the German market as a case study, where Ebitda improved after Takeaway.com NV’s acquisition of Delivery Hero SE’s German business and Takeaway shares rallied more than 75% since the December announcement. Another recommendation for GrubHub directors is to “reduce investments on unproven areas.” There’s been little benefit from the $100 million in additional marketing investment over the past 12 months, and now GrubHub is planning to spend another $150 million on “other unproven strategies,” he said.

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Is Barclays (BCS) Stock Undervalued Right Now?

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Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement.

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Can the Barclays share price double your money?

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The immediate threat of a no-deal Brexit has receded, for now at least, and that’s given the Barclays (LSE: BARC) share price a boost — since a recent low in August, the shares are up 24%. Price rise. If the share price rises in line with inflation, say at 2% per year, and earnings and dividends keep pace, that 13 years needed to double your investment would drop to 10 years — resulting in a final value of £2,080 from your initial £1,000 investment. It’s way more than anything a Cash ISA is likely to bring you, as current rates of around 1.5% interest would take 50 years to achieve the same — and it would be beaten by inflation anyway, so you’d lose money in real terms. But this is assuming the next decade is one of continued negativity towards the banking sector, with the Brexit saga never concluding and the uncertainties going on and on. Back at that pre-referendum peak, Barclays shares were on a P/E of 17 (based on that year’s earnings), though I don’t see them pushing back to that level any time soon — but something approaching the Footsie’s average could be on the cards. Even with the share priced elevated to a modest P/E of 10, that would imply a 38% share price hike on top of my previous calculations, and an investment today of £1,000 could grow to £2,000 in a little over five years.

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Thursday, November 14


News

2020 dividend forecasts: Lloyds Bank, Barclays and Tesco

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With 2020 not far off now, today I’ll be looking at the 2020 dividend forecasts for three of the UK’s most popular dividend stocks – Lloyds Banking Group (LSE: LLOY), Barclays (LSE: BARC), and Tesco (LSE: TSCO). Below, you’ll find the current consensus dividend forecast, the prospective yield, the forecast dividend coverage, and some thoughts on each dividend stock. But always remember that dividend forecasts may not be accurate and are subject to change. Earnings for 2020 are expected to come in at 7.15p per share, which gives a dividend coverage ratio of approximately two. Lloyds has put together a nice little dividend growth track record since reintroducing its dividend in 2014, and assuming the 2019 payout is higher than the 3.21p per share the bank declared for 2018 (we’ll find out in February), a 3.55p per share dividend for 2020 will represent the seventh consecutive increase.

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Wednesday, November 13


News

Miracle Mile Advisors LLC Acquires 137,600 Shares of Barclays PLC (NYSE:BCS) – TechNewsObserver

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Park National Corp OH now owns 12,830 shares of the financial services provider’s stock valued at $98,000 after buying an additional 2,681 shares in the last quarter. The company had a trading volume of 3,103,587 shares, compared to its average volume of 2,974,190. The firm has a market cap of $37.95 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 2.10 and a beta of 1.01. Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia.

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