BARCLAYS

Barclays boosted its provision for a potential U.K. motor finance redress scheme to 325 million British Pounds, taking a 235 million British Pounds charge in the third quarter.

Barclays said on Wednesday it has increased its provision for a potential redress scheme for motor finance customers to 325 million British Pounds, up from a previous 90 million British Pounds.

Barclays PLC has agreed to sell its entire stake in its Nordic consumer credit joint venture, Entercard Group AB, to its partner Swedbank AB.

Barclays PLC is deepening its focus on the U.K. consumer market through its acquisition of Tesco's retail banking arm, while simultaneously selling off consumer finance businesses in Germany and Italy to simplify its operations.

Barclays PLC has disclosed a significant short position in Mitie Group PLC, the British outsourcing company that is currently the subject of a takeover offer from Marlowe PLC.

A regulatory filing from Barclays PLC has indicated a potential merger involving Warehouse REIT PLC and Tritax Big Box REIT PLC.