Results tagged “Barclays Capital”

The bank holiday is looming but it won't be a relaxing weekend for some Wharfers as they take part in a gruelling annual fundraiser.

The Enduro Challenge starts this Friday, when five teams from the financial services industry compete in the epic triathlon from London to Paris.

Barclays has reported a fall in profits for the first six months of this year, although it still made £2.6billion.

The Canary Wharf-based bank saw its profits drop by 33 per cent from the same period last year, and warned that it intends to shed at least 1,400 jobs to cut costs.

Come with a past, leave with a future, is the motto at Ian Mikardo High School in Tower Hamlets.
The boys at this special school were not expected to succeed and their own aspirations were low - all of the 22 students, aged 11-16, have been excluded from other schools. But they are encouraged to express themselves through art and their creations are to be auctioned for charity.

Bob Diamond is to take over as group chief executive of Barclays from next March.

Mr Diamond, who is currently chief executive of Barclays Capital - the bank's investment arm - will replace John Varley from March 31. He will become president and deputy group chief executive from October 1.

The creation of Canary Wharf has been a towering success but the benefits of the booming business district have not always been felt in neighbouring communities.

To bridge the gap the Isle of Dogs Community Foundation has spent 20 years providing funding for essential services on the Island.

Barclays recorded a big jump in profits last year despite the recession.

The bank posted a year-end profit of £11.6billion before tax, an increase of 92 per cent on its 2008 figure. Most of that came from the £6.3billion sale of Barclays Global Investors and a strong performance from investment arm Barclays Capital.

Rising impairment charges limited profits at Barclays in the third quarter as the shadow of write-downs continues to hang over banks.

The bank reported on Tuesday that charges had surged to £6.2billion in the first nine months of the year, more than two thirds more than at the same point last year.

Credit Suisse overcame bad weather to bag bragging rights over five other financial institutions with victory in the latest Enduro Challenge.

The Tower to Tower event held over the August bank holiday weekend saw six teams battle it out in a triathlon relay race between London and Paris.

The Financial Services Authority beat six companies to claim a major prize this month.

The company based at The North Colonnade fought off groups including BBC News and the Welsh Assembly to win best public sector work placement at this year's National Council for Work Experience Awards.

A Banker is planning to raise money for charity by doing deals on top of the highest mountains in the world.

Kheiry Sammakieh, who works for Barclays Capital in North Colonnade, has already scaled the heights by doing a trade at the summit of Africa’s highest peak, Mount Kilimanjaro, last September.

On that occasion he and his fellow climbers set a world record by carrying out a transaction on the Lebanese Stock Exchange while at the top.

CITIGROUP is planning to clear nearly six floors of office space at its Canary Wharf headquarters.

The banking giant wants to release 150,000 square feet at its 25 Canada Square base, the largest batch of completed tower space available in London.

It has appointed Knight Frank and Cushman and Wakefield as joint agents in the deal.

Citi has approximately 25 years remaining on its lease with Propinvest and Derek Quinlan, who bought the building for £1billion in December.

The bank looks set to cut around 400 jobs in the UK as part of a re-structuring plan, mainly in the fixed income sector.