SAN FRANCISCO COMPANIES - Barclays shares surge 40 pct after profits letter - Reuters SAN FRANCISCO COMPANIES - Barclays shares surge 40 pct after profits letter - Reuters

Monday, January 26, 2009

SAN FRANCISCO COMPANIES - Barclays shares surge 40 pct after profits letter - Reuters

LONDON (Reuters) - Shares in Barclays ( BARC.L ) jumped 40 percent on Monday, snapping a nine session losing streak as the under-pressure bank said it sees significant pretax profits in 2008 and is not seeking any further capital raising. In an open in Stock and Shares News

Jan 26 (Reuters) - Coal miner Polo Resources Ltd said on Monday it received an unsolicited offer approach from a private equity firm, driving its shares up as much as 46 percent in morning trade. "The board of Polo Resources considers the indicative in Stock and Shares News

LONDON, Jan 26 (Reuters) - European shares rose in early trade on Monday, powered by Dutch financial group ING ( ING.AS ), which said it would tap into government guarantees, and Barclays ( BARC.L ), which said it did not need fresh funding. At 0932 in Stock and Shares News

TOKYO, Jan 26 (Reuters) - Japan's Nikkei stock average hit a nearly three-month closing low in thin trade on Monday, sliding 0.8 percent on earnings concerns after Komatsu Corp issued a profit warning and the dollar pared gains against the yen in Stock and Shares News

More on BCS UBS Sells Parts of Commodities Business Barclays to Cut Retail, Commercial Bank Jobs Barclays to Cut 2,100 Jobs Barclays Announces 400 UK Job Cuts Lehman Bankruptcy Judge OKs Neuberger Sale Sympathy for the U.K. Stock Benchmark It's Nice in Stock and Shares News

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