Barclays Share Discussion Threads

[bridggar] 24/4/2024 15:35

What on earth are you talking about?

[qantas] 24/4/2024 15:30

Q1 Results in the Morning G-Y Bears doomed to failure.

Please do your own research always and follow FCA guidelines.

[stonedyou] 24/4/2024 15:16

MILITARY SITUATION ON UKRAINIAN FRONTLINES ON APRIL 23, 2024 (MAP UPDATE)

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Russian strikes were reported in the Kyiv region;

Russian strikes were reported in the Zaporozhie region;

Russian strikes were reported in the Kharkiv region;

Russian strikes destroyed targets in the Odessa region;

Russian strikes were reported in the Kherson region;

Russian strikes were reported in Poltava;
Explosions thundered in the Mykolaiv region;

Explosions thundered in Cherkassy;

At least one civilian woman was wounded as a result of Ukrainian shelling in Vladimirovka in the DPR;

At least one Ukrainian UAV and four rockets of Olkha MLRS were intercepted in the Belgorod region;

Clashes continue near Dibrova;

Clashes continue in Chasov Yar;

Russian forces advanced in Ocheretino;

Russian forces continue assault in Kranogorivka;

Clashes continue near Vodyanoye, Urozhaynoye;

Russian forces made new advances in Krasnogorivka;

Russian forces advanced in Ocheretyne;

Russian forces eliminated 20 servicemen, two motor vehicles, one Msta-B howitzer, one D-20 howitzer in the Kupyansk area;

Russian forces eliminated 500 servicemen, three tanks, one infantry vehicle, five motor vehicles, one Msta-B, D-30 howitzer in the Donetsk area;

Russian forces eliminated 360 servicemen, two armoured vehicles, five motor vehicles, one M777, one Msta-B howitzer, one Gvozdika system in the Avdeevka area;

Russian forces eliminated 95 servicemen, three motor vehicles, one CAESAR artillery system, one Nota EW station in the Southern Donetsk area;

Russian forces eliminated 70 servicemen, one armoured personnel carrier, two pickups, one M777, two D-30 howitzers, one Gvozdika artillery system in Kherson region;

Russian air defense forces intercepted 104 Ukrainian drones over the past day;

Russian air defense forces shot down one Tochka-U missile, six HIMARS and Olkha missiles, four Hammer guided bombs over the past day.

Russian forces took control of the center of Ocheretinno. The mop up operation continues on the northern outskirts;

Russian forces advanced in Novobakhmutivka;

Clashes continued on the northeastern outskirts of Novokalynove;

Clashes continue near Berdychi;

Up to 360 servicemen, two armoured vehicles, five motor vehicles, one M777, one Msta-B howitzer, one Gvozdika system were destroyed in the Avdeevka area.

Clashes continued west of Krasnoe;

Clashes continue in Kalinovka;

Clashes continue on the outskirts of Grigorovka;

Clashes continue in the Kanal district;

Russian aircraft and artillery are pounding the AFU in Chasov Yar;

Up to 500 servicemen, three tanks, one infantry vehicle, five motor vehicles, one Msta-B, D-30 howitzer were destroyed in the area.

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[johnwise] 24/4/2024 13:40

Angela Rayner vs Oliver Dowden at Prime Minister's Questions

[smurfy2001] 24/4/2024 12:26

...and they still have at least £10bn to distribute back to shareholders.

A hold for me.

"Barclays said it would return £10bn via share buybacks and dividends. The lender also returned £3bn to shareholders for 2023, including a new £1bn buyback announced on Tuesday. That £13bn compares with £6.1bn for the previous four years between 2019 and 2022."

[1224saj] 24/4/2024 10:54

Broken system written by broken people

[johnwise] 24/4/2024 10:35

FTSE 100 Live: Index notches up yet another record, Lloyds layoffs hit profits

Blue-chip index adds 30 point to 8,079

[portside1] 24/4/2024 08:32

Next week we will under 15 b shares in issue

[idandy] 24/4/2024 08:22

What is your guess for tomorrow Reidy
Hoping for good numbers?

[johnwise] 24/4/2024 07:59

Supreme Court rules that employers cannot punish workers for striking

The UK Supreme Court has ruled in favour of an employee who was suspended from work during industrial action, stating that UK law contradicts human rights legislation.

In a unanimous decision with potential implications for industrial relations, the court found the government failed to fulfil its legal duties concerning the right to engage in lawful strikes. The case, celebrated by the UNISON trade union’s secretary general as a victory for employees, exposed a gap in protection.

[johnwise] 24/4/2024 07:47

US Dollar (USD) Undermined by PMIs


The US Dollar (USD) tumbled on Tuesday against the majority of its peers following the release of the latest domestic PMI data.

US flash services figures edged lower in April, falling from 50.9 from 51.7, whilst the manufacturing sector reported a drop to 49.9 from 51.9 in the same time period, plunging the sector back into contraction territory.

Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said:

‘The US economic upturn lost momentum at the start of the second quarter, with the flash PMI survey respondents reporting below-trend business activity growth in April. Further pace may be lost in the coming months, as April saw inflows of new business fall for the first time in six months and firms’ future output expectations slipped to a five-month low amid heightened concern about the outlook….The more challenging business environment prompted companies to cut payroll numbers at a rate not seen since the global financial crisis if the early pandemic lockdown months are excluded.’

As both the services and manufacturing sectors printed below forecast, the US Dollar has struggled to catch bids in the aftermath of the release.

[johnwise] 24/4/2024 07:07

Another vote looser for the Tory Party

Carer's Allowance £81.90 a week


DWP declares 34,500 claimants have to pay back benefits or face fines up to £20,000

The DWP has been urged to review the way it handles Carer's Allowance after it emerged that thousands of people who care for others are being overpaid on their benefits and then months or years later receiving demands for repayment

In a dramatic turn of events, a UK government dementia adviser has stepped down in protest against the DWP's "beyond the pale" legal actions against carers who accidentally exceeded the £151 weekly earnings limit for receiving Carer's Allowance.

These carers, many of whom do not get paid for their caregiving, depend on the allowance to make ends meet and are now facing demands to return thousands of pounds.

[johnwise] 24/4/2024 06:47

CityAM.com

Consumer group names TSB, Co-op Bank and Monzo as worst major banks for mobile app security

Which? said TSB’s handling of sensitive data meant it could be read by other apps running on the phone and that the app stores users’ details “in an insecure manner”. The bank said the matter was under review and a fix would be “considered in the future”.

Researchers also found TSB sent a phone number in an SMS alert, which could be replicated by scammers. The bank said it would remove the number from this alert, having already done so for others.

Which? added that TSB’s password requirements are only six characters and let users choose “insecure” combinations which are easier for scammers to crack.

TSB said: “We continue to strengthen the security of our internet and mobile banking while delivering a positive and convenient user experience for customers. That’s reflected in our high app store ratings.”

Which? ranked Co-op Bank bottom for online security, with a score of 61 per cent. It was second-to-last for mobile app security, with a score of 57 per cent.

The group said Co-op Bank was the only firm that failed to require a two-factor authentication login on a test laptop and that it also does not block customers from setting weak passwords.

It added that researchers could be logged in from two different IP addresses at once, and, like TSB, there were phone numbers in SMS alerts.

[johnwise] 24/4/2024 00:11

VIDEO

FOX Business host Larry Kudlow gives his take on the Biden administration's green energy push on 'Kudlow.'

Kudlow: Biden won’t acknowledge this

[johnwise] 23/4/2024 23:51

VIDEO

North Dakota Gov. Doug Burgum criticizes President Biden's push for new climate spending on Earth Day and breaks down the consequences for national security on 'Kudlow.'

Kudlow: 'Drill, baby, drill!' is the right policy

[johnwise] 23/4/2024 22:58

The establishment is desperately trying to quash a resurgence of nationalism. If you have loyalty to this country you are labelled as a right wing extremist whilst groups of people who have British passports, but who hate Britain, our culture, history and values are protected and encouraged to protest their agendas with impunity..


Media reporting in the Tommy Robinson acquittal is appalling. Trying to spin it that he was let off on a technicality.

Tommy Robinson cleared of refusing to leave march after police paperwork 'wrong date' blunder
The senior Metropolitan Police officer who signed the dispersal order admitted it may not have been lawful



VIDEO Dave Rubin interview with Tommy Robinson:

[stonedyou] 23/4/2024 20:47

Next comes Barclays PLC (LSE:BARC), which is tipped as a 'buy' by Peel Hunt and UBS with targets at 245p and 240p.

The Peel team like Barclays as "banks' P/TNAVs are correlated with ROTE," in other words, banks with higher profitability generally have better stock valuations, with Barclays' return on capital "should increase in coming years as more capital is allocated to higher-returning activities".

Consensus ROTE is 11.7%, up from 8.8% last year. pre-impairment profit is £2.73 billion with a £539 million impairment, and a statutory PBT of £2.2 billion. CET1 is seen rising to 13.6$ from 13.3%.

Barclays has guided to £3 billion in dividends and buybacks this year, the same as last year and around 11% of its market cap.

But UBS thinks this quarter could see a "smaller 2Q-announced buyback" and more of its capital returns loaded in the back end of the year due to higher seasonal deployment of capital in the investment bank and the recent US card acquisition.

Barclays' investment bank will be in focus too, as US rivals such as Citi and JPMorgan reported sales and trading down 8% and 5% on last year and advisory up 32% and 27%.

[johnwise] 23/4/2024 18:50

Tory Grave Robbers..pretending to be conservatives..

Such is life in Tory Britain. Highest tax burden in almost a century and they even take from you after you die. Time for a Reform change anyone ?

Bereaved families paid a record £7.5bn inheritance tax last year

The Daily Mail

[johnwise] 23/4/2024 14:32

Mortgage costs rise as banks confirm higher rates


Many homeowners could face higher monthly payments after some of the UK’s biggest lenders confirmed mortgage rate increases.

NatWest, Barclays, and Leeds Building Society have raised their rates on fixed-term loans, though not on all products.

Rates are rising as markets predict the Bank of England might not cut borrowing costs as much as expected due to stubborn inflation.

Rising rates will hit those who have not remortgaged since interest rates shot up in late 2022 following the ‘mini’ Budget. About 1.6 million homeowners’ fixed-rate deals will end this year.

NatWest has increased the rates for 60% loan-to-value two-year fixed and five-year fixed “switcher products”, for an existing customer moving to a new deal, from 4.89% to 4.99% and 4.39% to 4.49%.

Barclays said it had increased "most, but not all rates" this week. The rate for a two-year fixed deal with a maximum loan of £570,000 is up to 5.76% from 5.66% last week, while the equivalent five-year fixed rate is up to 5.00% from 4.90%.

Leeds Building Society also upped its rates for some products. Two-year and five-year fixed rates rose from 4.39% to 4.54% and 4.54% to 4.69%.

According to financial information company Moneyfacts, the average two-year fixed mortgage rate was 5.83% on Tuesday, up slightly from 5.82% the day before, while the average five-year rate was unchanged at 5.40%.

Tom Bill from agency Knight Frank predicted it will be a long time before homeowners have access to mortgage rates below 4%.

“The prospect of a five-year fixed-rate mortgage starting with a three anytime soon is pretty remote,” he said.

He added “mixed signals” on price movements within the economy were making the Bank on England’s interest rate decisions difficult.

Expectations about the future direction of the Bank's benchmark rate have a major influence on the mortgage rates offered by High Street banks.

The Bank's key rate currently stands at 5.25% and earlier this year analysts had expected to see it being cut from June.

However, inflation - the rate at which prices rise - has not been falling as fast as expected, leading some to push back their forecasts of when the Bank will take action

[johnwise] 23/4/2024 14:08

Higher-than-expected UK borrowing could spoil chance for pre-election tax cut


Government borrowing was £6.6bn above target, giving the Chancellor less room for tax cuts

Public sector borrowing in the UK – the difference between the government’s spending and income – was £120.7bn over the past financial year, according to the latest report from the Office for National Statistics (ONS).

While this was £7.6bn less than the previous year, it did overshoot the Office for Budget Responsibility’s (OBR) forecast by £6.6bn.

This could throw a spanner in the works for Chancellor Jeremy Hunt, who likely wanted to win over voters before the next election by cutting taxes.

With a slimmer budget to do so, Quilter investment strategist Lindsay James warned that an attempt to cut taxes while government borrowing was above target could cause chaos.

[johnwise] 23/4/2024 12:18

Tent Cities at the Horizon

NET Immigration of over 750,000 thousand extra people every single year is causing this 'housing crisis'

Housing crisis laid bare as couple turn disused bus stop into a temporary home



IMMIGRATION

Immigration Pledges Savings = £5 billion pa


Tent Cities in the World's Richest Country