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Barclays

This Month

China’s consumers are reluctant to spend, weighing on the economy.

Investment banks slash China growth forecasts as confidence wanes

Analysts are increasingly sceptical that Beijing will reach its 5 per cent economic growth target for 2024.

  • Thomas Hale

August

Newport Beach

Why CEOs working from home may be the new trend

Starbucks’ new boss Brian Niccol has decided to base himself in California rather than headquarters, dividing opinion among workplace experts.

  • Michael O’Dwyer and Emma Jacobs

July

Eric Gao, founder and CEO of Boman Group is targeting $100m for a new fund.

Rich Chinese investors join $1b hunt for Aussie VC funds

A fund manager for rich Chinese investors is trying to raise $100m for venture capital investments, joining a crowd of operators trying to raise over $1 billion.

  • Yolanda Redrup and Paul Smith
Markets have generally favoured trades seen benefiting from Donald Trump’s advocacy of looser fiscal policy, higher trade tariffs and weaker regulations.

Biden exit leaves markets asking what’s next for ‘Trump trade’

There is little historical data to use for a read on how markets will react. The last sitting president who did not seek a second term was Lyndon Johnson in 1968.

  • Natalia Kniazhevich, Bre Bradham and Anya Andrianova

June

Paul Compton.

How this Australian banker thrived on Wall Street for 30 years

Queenslander Paul Compton, who started a job at Jamie Dimon’s JP Morgan in 2007, knows that the industry can be a rough ride.

  • Matthew Cranston
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The Telegraph is on sale for the second time in one year.

A very British paper is forced to cover a scandal: its own

The discovery of $500 million missing from The Telegraph newspaper marks the end of the owners’ two decades of influence over British politics.

  • Aaron Patrick
Peace. love and understanding: who, in 2024, would be considered “pure” enough to fund music or arts festivals?

Britain’s arts sector learns the cost of being too pure for finance

A bank and asset manager have withdrawn their sponsorship of music and book festivals in the UK after activists called for boycotts.

  • Celia Walden
Solar panels on the roof of a factory making renewable energy equipment in Jinan in China’s Shandong province.

Global investors pull $60b from ESG funds

Sustainably focused equity funds suffered major cash outflows globally in 2024 because of poor performance and scandals, the first sustained exodus.

  • Patrick Temple-West and Will Schmitt

May

Duncan Wanblad, chief executive officer of Anglo American Plc.

Smart heads bet BHP’s Anglo American bid gets over finish line

The ball’s in Anglo American’s court, with BHP all but telling its target to “name your price, and we will see if we can match it”.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
A guitar-shaped hotel tower anchors the remade and expanded Seminole Hard Rock Hotel and Casino near Hollywood, Florida.

Barrenjoey up $21m and counting on Star

Wonders never cease at Star Entertainment. Still, at least someone is making money.

  • Myriam Robin
Chinese President Xi Jinping with French PM Gabriel Attal on Monday (AEST). Trade talks are on the agenda in meetings with President Emmanuel Macron.

France’s cognac exports to China could be hit like Australian wine

China opened an anti-dumping investigation into brandy imported from the EU in January, sparking fears cognac could suffer a similar blow to that taken by Australian wine.

  • Emma Rumney
Capify is saying goodbye to Goldman Sachs as its funder.

‘Twenty-five times salary’: Goldman scraps bonus cap for bankers

Goldman will allow star traders and deal makers to earn up to 25 times their salary. The bank is trying to make London more attractive to top bankers after Brexit.

  • Eir Nolsoe and Michael Bow

April

 BHP CEO Mike Henry.

BHP has UBS, Barclays in corner as it eyes mega Anglo American deal

Sources close to discussions said negotiations were at an early stage and other miners were interested in the London-based producer of platinum and copper.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Traffic in Hualien, Taiwan. Life begins to return to normal after Wednesday’s earthquake.

Chipmaker resumes production as Taiwan begins quake recovery

TSMC, the leading producer of advanced chips for Apple and Nvidia, has restarted operations, less than 24 hours after evacuating staff and halting work.

  • Debby Wu and Chien-Hua Wan

March

Reddit co-founder Steve Huffman on the New York Stock Exchange floor during the company’s IPO.

Blowout Reddit debut raises hopes of revival in dormant IPO market

A steady, sustained rise in activity would breathe life into the market for initial public offerings, which has been largely shut down since 2021.

  • Jennifer Hughes
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The fate of the Telegraph’s ownership has been up in the air for months.

Murdoch’s News Corp eyes joint Telegraph bid with rivals

News Corp and the owner of the Daily Mail have held talks about a potential joint takeover of the Telegraph alongside the UAE-backed investment fund RedBird IMI.

  • Alex Wickham and Jamie Nimmo
CEO of Corrs Chambers Wesgarth Gavin MacLaren.

New Corrs HQ shows the power of Collins St

Corrs CEO Gavin MacLaren pays his lawyers like bankers. Now, the firm wants to work near them too.

  • Mark Di Stefano

February

Pratik Shinde is leaving BoA after 14 years.

Barclays names head of corporate banking

Barclays Australia boss Richard Satchwell has a new direct report.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

December 2023

The basis traders rely on vast sums of money borrowed from Wall Street banks.

The hedge fund traders dominating a huge bet on bonds

A trio of top players in the “basis trade” are the driving force behind a gigantic wager on government debt that has regulators worried.

  • Nishant Kumar, Donal Griffin and William Shaw
The ASX is set to drop at the opening bell on Monday.

ASX to drop 1pc as US rate cut optimism cools

ASX futures indicated shares are poised to drop 1 per cent, or 74 points, at the return of trade on Monday.

  • Joanne Tran

Original URL: https://www.afr.com/company/barclays-plc-1mv4