Latest news with #Barclays
Yahoo
4 hours ago
- Business
- Yahoo
Barclays appoints ex-HSBC executive as UAE private bank head
Barclays has named former HSBC banker Farzad Billimoria as the new head of private bank for the UAE. Billimoria will oversee the local team, governance, and drive growth in the UAE, positioning it as a 'strategic hub' for the broader Middle East and international corridors. He will operate out of Dubai and start on 1 July, pending regulatory approval. Billimoria brings three decades of expertise in financial services, with experience in private banking, wealth management, and retail banking. At HSBC, he was the senior executive officer and head of private bank for the UAE. During his stint, he led the establishment of HSBC Private Bank (Suisse) offices in the Dubai International Financial Centre and Abu Dhabi Global Market. Additionally, Billimoria launched HSBC's first onshore private bank booking centre in the UAE and managed the growth of the Non-Resident Indians business in the region. He has handled some of the UAE's largest ultra-high-net-worth client portfolios and relationships, the UK-based bank said. Annabelle Bryde, Barclays' head of private bank international, will be his reporting line. Bryde said: 'The Middle East presents significant growth opportunities for Barclays with its expanding influence on global markets and increasing wealth generation. We are excited to welcome Farzad, who brings with him a strong blend of leadership and extensive local market experience. 'His appointment reflects our ambition to further elevate the importance and priority of the region, alongside accelerating our growth plans in the UAE.' In November 2024, Barclays revealed plans to launch a new private bank booking centre in Singapore, aiming to expand its presence in Asia. The Singapore centre is expected to start operations by 2026. It will support local asset booking for affluent clients, providing an integrated 'one-bank' proposition through collaboration with Barclays Investment Bank. "Barclays appoints ex-HSBC executive as UAE private bank head " was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
4 hours ago
- Automotive
- Yahoo
Barclays sees Tesla Q2 deliveries at 375,000, below consensus
-- Barclays expects Tesla (NASDAQ:TSLA) to report second-quarter deliveries of approximately 375,000 vehicles, falling short of the consensus estimate of around 400,000 units and representing a 10% year-over-year decline. In a research note on Friday, Barclays wrote, 'We estimate 2Q deliveries of ~375k units, well below consensus of ~400k, and below our published estimate post 1Q EPS back in April.' The bank's figure implies an 11% sequential increase, but a 16% decline versus the prior year. Despite the weaker delivery figure, Barclays suggested investors may look past the shortfall. 'The Tesla narrative has increasingly turned to AV/Robotaxi, with investors likely more focused on the planned June 22nd Robotaxi launch and Tesla's path to scaling AV than on 2Q deliveries/overall fundamentals,' wrote the bank. Tesla's inventory is expected to grow modestly, with Barclays forecasting an increase of about 5,000 units, taking inventory into the 120,000–130,000 vehicle range. Barclays noted that volume weakness was signaled earlier in the year: '2Q volume was somewhat guided down in the 1Q earnings call, with management pulling their guide for y/y automotive volume growth.' Looking ahead, the upcoming launch of a more affordable Tesla model remains a potential catalyst for a rebound in the second half. 'The planned launch of a more affordable model in 1H25 could potentially be a catalyst for strong 2H volumes,' Barclays said, while also expressing surprise at the lack of detail so far. 'It's possible Tesla is keeping the new vehicle under wraps as to not cannibalize sales of the recently refreshed Model Y during the end-of-quarter delivery wave,' stated the bank. Barclays continues to see macro challenges such as tariffs, trade, and political shifts as ongoing headwinds for Tesla's automotive volumes. Related articles Barclays sees Tesla Q2 deliveries at 375,000, below consensus Jack in the Box rating cut: Immigration policies to create sales headwinnd- Stifel Turkish Airlines considers minority stake in Air Europa Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
6 hours ago
- Business
- Miami Herald
Carnival Cruise Line unveils new, modernized loyalty program
Although change is rarely easy, it's essential to grow. Many forward-thinking companies recognize this and embrace change, even when changing programs and processes means initially upsetting some of their most loyal customers. Related: Carnival Cruise Line takes on a new passenger problem Carnival Cruise Line is proving that it's an industry leader by evolving its Very Important Fun Person (VIFP) loyalty program, transforming it to a new points-based rewards system intended to better serve its loyal passengers. Although the new loyalty program is already ruffling the feathers of some loyal Carnival cruisers who have reached the highest tiers in the VIFP program, the new Carnival Rewards program promises enhanced benefits and modernized ways of earning status for all cruisers. Rolling out in June 2026, the new Carnival Rewards program will offer passengers personalized perks and new ways to earn rewards and reach higher status levels, through a dual-earning structure using Carnival Rewards points and status qualifying stars. Rather than only earning status based the number of nights sailed, passengers will be able to earn points for their spending - from cruise fare and onboard purchases to everyday spending on a co-branded Carnival Rewards credit card with Barclays. Carnival Cruise Line President Christine Duffy and Brand Ambassador John Heald shared more details on the new Carnival Rewards loyalty program in a video posted on Heald's popular Facebook page on June 18. As he introduced the informative video to his Facebook followers, many of whom have been eager to learn about the loyalty program changes for some time, Heald emphasized a key point that cruisers should keep in mind - the new Carnival Rewards program will not take effect until June 2026. Want the latest cruise news and deals? Sign up for the Come Cruise With Me newsletter. Transcript: John Heald: Hello everybody, it's John, Brand Ambassador, Carnival Cruise Line, and I'm excited to be here to talk about our enhanced loyalty program. And who better to tell you about it than our fabulous President, Christine Duffy. And here is our conversation. John Heald: So, beyond having a new name, what is the Carnival Rewards program? Christine Duffy: So, when it comes to loyalty, we believe that rewards should be flexible and personalized, and that's exactly what Carnival Rewards will deliver. Our loyal guests are the reason we are the world's most popular cruise line, and their continued loyalty is vital. We need to make sure we provide them with meaningful benefits. Related: Carnival Cruise Line fixes massive passenger pain point Christine Duffy: The cruise industry overall has grown and evolved immensely, and so have we. Rewards programs have evolved as well across the entire travel industry, especially for airlines and hotels, but not really so much for cruise. As an industry leader, just like we brought the first LNG ship to North America, we will be the first to bring a modern rewards program to our Carnival Cruise Line guests. For the first time, guests will be able to build up their Carnival Rewards points, and so it's going to provide great benefits to the millions of Carnival guests. It's your cruise, your rewards, your way. Be the first to see the best deals on cruises, special sailings, and more. Sign up for the Come Cruise With Me newsletter. John Heald: So, what about status? How do you earn status from the Carnival Rewards Program? Christine Duffy: In tandem with points, guests will earn status qualifying stars to unlock higher status levels. This puts guests in the driver's seat of their status. We all wish we could sail all the time, but the reality is for most people, vacation time is limited, which means obtaining status can be difficult in the current program, which is based only on frequency. This new program will provide more avenues for guests to reach status, as well as the opportunity to earn status more quickly. Related: Carnival cruisers get free drinks with this lesser-known deal John Heald: That's brilliant news, but will guests be able to keep their current status? Christine Duffy: VIFP status will transfer to Carnival Rewards for two years. Now, for our Diamond guests, which is our highest status level, we are going to be extending the complimentary grace period for six years. John Heald: What are we doing to make this easier for our guests to understand and easier to use? Christine Duffy: From today forward, we will be communicating frequently and clearly to make sure the message gets out about how to engage and work with the new Carnival Rewards program focused on you and how we celebrate and acknowledge your loyalty. For instance, we'll be recognizing status in more ways than just benefits, but with meaningful moments that show our appreciation for the special milestones. Sign up for the Come Cruise With Me newsletter to save money on your next (or your first) cruise. John Heald: And of course, we all know that changes like this are not going to happen overnight, right? Christine Duffy: The new program, while we are announcing it today in June of 2025, does not go into effect until June of 2026, so we have plenty of time for everyone to get acclimated, learn about the program, engage, and in the meantime, as you continue to sail on Carnival throughout the next 12 months, you'll continue to earn towards your status. John Heald: Thank you so much. A special thank you to Christine for taking her time to talk to us about this enhanced rewards program. A massive thank you to the crew and a special thank you to all of you for your loyalty and for your loyalty to come. Thank you so much and keep choosing fun. (The Arena Group will earn a commission if you book a cruise.) Make a free appointment with Come Cruise With Me's Travel Agent Partner, Postcard Travel, or email Amy Post at amypost@ or call or text her at 386-383-2472. Copyright 2025 The Arena Group, Inc. All Rights Reserved
Business Insider
6 hours ago
- Business
- Business Insider
UPM Kymmene (0NV5) Gets a Buy from Barclays
Barclays analyst Pallav Mittal maintained a Buy rating on UPM Kymmene (0NV5 – Research Report) today. The company's shares closed yesterday at €23.76. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Mittal is an analyst with an average return of -2.0% and a 40.82% success rate. Mittal covers the Basic Materials sector, focusing on stocks such as Stora Enso Oyj, Mondi plc, and UPM Kymmene. Currently, the analyst consensus on UPM Kymmene is a Strong Buy with an average price target of €31.57, which is a 32.87% upside from current levels. In a report released on June 17, Jefferies also maintained a Buy rating on the stock with a €28.60 price target.
Business Insider
6 hours ago
- Business
- Business Insider
Barclays Keeps Their Hold Rating on Frasers Group (FRAS)
In a report released today, from Barclays maintained a Hold rating on Frasers Group (FRAS – Research Report), with a price target of £7.60. The company's shares closed yesterday at p681.50. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Frasers Group has an analyst consensus of Moderate Buy, with a price target consensus of p1,200.00. FRAS market cap is currently £2.84B and has a P/E ratio of 9.65.
