Barclays slashes stake in South African unit
Barclays Africa
London - AFP
British banking giant Barclays said Thursday it has further reduced its stake in its South African operations as part of a global strategic re-think unveiled last year.
Barclays said in a statement that it had placed a stake of 33.7 percent in Barclays Africa with institutional investors, raising some £2.224 billion (2.5 billion euros, $2.9 billion).
Barclays, which has decided to focus on its two core markets of Britain and the United States, now holds a stake of just 16.4 percent in the unit.
It does want to pull out completely, however, and will hold on to a stake of 15 percent, it said.
Barclays Africa, which is listed on the Johannesburg stock exchange and is present in around 10 countries, has declined in value in recent months, against the backdrop of the political crisis in South Africa.
The British bank was compelled to make a writedown of around £900 million on the unit in its first-quarter accounts.
GMT 17:59 2017 Monday ,11 December
Britain’s smaller banks jostle for business banking grantsGMT 05:07 2017 Tuesday ,04 July
Barclays, executives, set to appear in courtGMT 11:17 2016 Tuesday ,09 August
Barclays, US states in $100m Libor fraud settlementGMT 09:19 2016 Friday ,08 July
4 ex-Barclays bankers jailed for rigging Libor rateGMT 03:01 2016 Friday ,01 July
Barclays chairman warns Brexit could spark economic crisis
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 00:11 2017 Sunday ,10 December
China vows to deepen bilateral ties with new Zimbabwe gov't
GMT 13:57 2017 Wednesday ,19 April
Deputy PM receives US ambassador
GMT 12:21 2017 Tuesday ,04 April
NHL won't participate in 2018 Olympic Games
GMT 16:18 2017 Thursday ,26 January
Berri, Mogherini tackle most recent developments
GMT 06:44 2017 Sunday ,20 August
Qatar welcomes Saudi 'political' decision to open border for hajj
GMT 00:32 2017 Wednesday ,11 October
Russian FM Lavrov holds joint press conference with his French countrepart
GMT 10:48 2017 Tuesday ,07 March
Iraqi troops resume advance in Mousl
GMT 02:23 2017 Saturday ,14 October
Britons advised not to travel to Brussels after attacks
GMT 15:11 2017 Friday ,31 March
Issa Abkar confirms stability of security situation
GMT 14:15 2017 Tuesday ,21 February
CGG Secretary-General Meets Iraqi Prime Minister
GMT 16:18 2016 Sunday ,21 February
First conference on future of retail business in cooperation with European Bank for Reconstruction and Development to kick off on March 7
GMT 18:32 2017 Wednesday ,08 February
Tourism counselor in Berlin: Meeting with German tourism
GMT 00:43 2016 Thursday ,29 December
29 former Turkish police put on trial over failed coup
GMT 22:08 2017 Saturday ,22 April
UNESCO official hails relations with UAE
GMT 10:57 2017 Saturday ,01 April
Attorney General Meets Director-General of UN Office at Geneva
GMT 02:21 2017 Tuesday ,17 October
No military solution possible in Syria: Iran's Zarif
GMT 11:01 2017 Monday ,25 September
Veolia's US growth hopes run into trouble
GMT 05:07 2017 Friday ,10 November
May expected to pick Brexit supporter to replace scandal-hit aid minister
GMT 00:42 2017 Wednesday ,11 January
Golden Globes pulls second highest audience in decade
GMT 10:57 2017 Monday ,13 February
Pregnant Beyonce emerges with New Age Grammy show
GMT 09:40 2016 Monday ,15 August
Trump lashes out at 'crooked media'
GMT 19:17 2017 Sunday ,05 March
UAE Consul General meets Canadian official
GMT 05:46 2016 Saturday ,26 November
Turkish lira languishes near record low
GMT 19:10 2017 Friday ,13 October
Tennis: Federer, Nadal feast in 'China's most exclusive restaurant'
GMT 22:49 2016 Tuesday ,03 May
ASEAN,partner countries officially launch joint maritime exercise in BruneiGMT 19:01 2013 Tuesday ,12 March
Bahrain ministry of housing signs a MoU for cooperation with the BIPA
GMT 15:46 2017 Saturday ,11 February
4 Spanish soldiers injured as mortar bomb explodes
GMT 19:35 2018 Thursday ,18 January
President of Mauritania visits headquarters of Al Dahra Agricultural Company
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor