As of 8:04 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

ipath gems index etn (JEM) Key Developments

Bloomberg And Markit Separately Look To Buy Barclays's Index Unit

Bloomberg L.P. and Markit Ltd. (NasdaqGS:MRKT) are separately looking at acquiring the fixed-income index unit of Barclays PLC (LSE:BARC) is up for sale, according to people familiar with the matter. Bids being discussed are about $1 billion, said the people. Some other potential bidders are still monitoring the discussions, one of the people said.

Barclays Appoints Justine Gaudion to the Role of Head of Local Markets in Guernsey

Barclays has appointed Justine Gaudion to the role of Head of Local Markets in Guernsey. She will lead the team of Premier and local Corporate Relationship Managers in addition to the personal banking team based in Barclays' St Peter Port branch. Justine has 28 years' experience at Barclays locally, working in various senior roles including Premier Relationship Executive, Branch Manager and Head of Mortgages.

Barclays Africa Mulls Acquisitions In Nigeria

Barclays PLC’s (LSE:BARC) unit, Barclays Africa Group Limited (JSE:BGA) is looking for acquisitions. The company said that it is looking for acquisition targets in Nigeria.

Barclays PLC Declares Second Interim Dividend for the Year 2014, Payable on September 19, 2014; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

The board of Barclays PLC has decided to pay a second interim dividend for 2014 of 1 pence per ordinary share to shareholders on the share register on August 8, 2014, making a total for first half of 2014 of 2 pence (2013: 2 pence). The dividend will be paid on September 19, 2014. For qualifying US and Canadian resident ADR holders, the second interim dividend of 1 pence per ordinary share becomes 4 pence per ADS (representing four shares). The ADR depositary will post the second interim dividend on 19 September 2014 to ADR holders on the record at close of business on 8 August 2014. The ex-dividend date is 6 August 2014. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. On adjusted basis, the company reported net operating income of £12,246 million, profit before tax of £3,349 million and profit after tax of £2,240 million or 10.9 pence per basic share against net operating income of £13,440 million, profit before tax of £3,591 million and profit after tax of £2,467 million or 15.2 pence per basic share a year ago period. Return on average shareholders' equity was 6.5% against 7.8% a year ago. Return on average tangible shareholders' equity was 7.5% against 9.1% a year ago. Net cash from operating activities was £593 million against net cash used in operating activities of £36,042 million a year ago. On a statutory basis, the company reported net operating income of £12,298 million, profit before tax of £2,501 million and profit after tax of £1,606 million or 7.0 pence per basic share against net operating income of £13,526 million, profit before tax of £1,677 million and profit after tax of £1,083 million or 5.0 pence per basic share a year ago period. Return on average shareholders' equity was 4.2% against 2.6% a year ago. Return on average tangible shareholders' equity was 4.9% against 3.0% a year ago. As on June 30, 2014 Net asset value per share was 327 pence against 331 pence per share as of December 31, 2013. As on June 30, 2014, net tangible asset value per share was 279 pence against 283 pence per share as of December 31, 2013. The company said adjusted profits in the three months to the end of June fell to £1.7 billion ($2.9 billion) from £1.8 billion a year ago.

Pomerantz LLP Files Class Action against Barclays PLC and Certain Officers

Pomerantz LLP filed a class action lawsuit against Barclays PLC and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 14-cv-5797, is on behalf of a class consisting of all persons or entities who purchased Barclays securities between August 2, 2011 and June 25, 2014, inclusive. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the class period, defendants made false and/or misleading statements, and failed to disclose material adverse facts regarding the company's operation of its dark pool. Specifically, during the class period, defendants made false and/or misleading statements and/or failed to disclose that: Barclays engaged in a 'systematic pattern of fraud and deceit' by using its dark pool to favor high-frequency traders over its other clients; the pools were promoted as offering investors protection from predatory traders, while Barclays instead courted HFT firms by charging them lower rates; Barclays falsely understated the percentage of aggressive HFT activity in its dark pool; Barclays failed to provide monitoring services it promised to investors which would protect the dark pool from aggressive, predatory HFTs; Barclays routed a disproportionately high percentage of client orders to its own dark pool while falsely representing that it routed client orders in a manner that did not favor Barclays LX; Barclays secretly gave HFT firms informational and other advantages over other clients trading in the dark pool; Barclays' practices subjected it to regulatory scrutiny and significant reputational harm; and as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

 

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