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Barclays Share Chat - BARC

Share Name Share Symbol Market Type Share ISIN Share Description
Barclays LSE:BARC London Ordinary Share GB0031348658 ORD 25P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.90 +0.66% 288.95 289.05 289.15 289.45 286.35 287.50 47,016,486 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 25,768.0 2,256.0 -0.7 - 48,370.23

Barclays Share Discussion Threads

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ta davew28-interesting article-what I like is that McFarlane is not hanging around,not even waiting for a new CEO-the City will like this and expect these newsflows following the good results to further increase the Barc sp-just what is needed for long term holders or trading long on the stock. I genuinely think by the end of next week we may well reach 300p because no one wants to miss the ride up!!!!!astol
Ken - Thanks for updating the Forecasts & Fundamentals.druid2
Hi Astol, I'm afraid I've used all my credits for the FT this month (so it says) so cannot now access it. Sorry about that. Maybe someone else could oblige. Meanwhile this is from the Telegraph: John McFarlane to hire cost-cutting guru at Barclays The executive chairman is close to appointing a top enforcer to push thorugh his radical plan to slash costs and make the bank more efficient Mr McFarlane, who took charge of the bank last month following the ousting of chief executive Antony Jenkins, is to create the new role of group head of strategy within weeks. The identity of the candidate, who has already been identified, is not known, but is thought to be someone Mr McFarlane has previously worked alongside. The new senior hire – who is unlikely to join the bank’s board but will sit on its executive committee – will mastermind the bank’s strategy and its transformation agenda to create value. Given Mr McFarlane is initially adopting the majority of Mr Jenkins’ plans for the bank, the new strategy’s chief initial focus will be on cutting costs. Mr McFarlane is known to have told friends that he believes the bank is inefficient, and that waiting for a new chief executive to solve that problem is not an option. Headhunter Spencer Stuart is in the process of drawing up a longlist of possible candidates, expected to be complete by early September, with the hope of naming a new chief executive by the turn of the year. Mr McFarlane is said to favour the need for an external candidate, meaning chief financial officer Tushar Morzaria is unlikely to make any shortlist, despite his interest in the role. The creation of a new strategy and transformation chief also raises questions over the role of Jonathan Moulds, the former Bank of America Merrill Lynch executive, who was hired by Mr Jenkins in February as chief operating officer. He was brought in to restructure the bank and lead cost-cutting, with a particular focus on the separation required ahead of the UK bank ring fence coming into law in 2019. Mr McFarlane is launching a drive to create a better customer service ethos at the bank. Although he believes staff are no longer breaking rules in areas such as Libor or PPI, he said last week that there was room for improvement. “As far as we can discover, we’re not creating any new issues – the cultural change in terms of conduct has improved considerably. I believe we’ve broken the back of this,” he said. “On the other hand, the one word we want to see more of is 'the customer’. It is not a word I hear very often here.” http://www.telegraph.co.uk/finance/newsbysector/epic/barc/11776832/John-McFarlane-to-hire-cost-cutting-guru-at-Barclays.htmldavew28
davew28-Ta for the link but cannot access because am a non subscriber-can you please copy the article and post on the BB??astol
Encouraging Buy recommendation from the FT's Investors Chronicle: http://www.ft.com/cms/s/0/b75307f4-36d6-11e5-bdbb-35e55cbae175.html#axzz3hTvfnDkjdavew28
Barclays Plc (BARC.L) is cutting about 150 staff from its investment bank as part of the British bank's attempt to cut costs and improve profitability in the business, a person familiar with the matter said. Affected staff, which included managing directors, were told this week, the source said on Friday. Barclays last year said it would cut about 7,000 investment banking staff by the end of 2016. It cut about 2,500 in 2014 and expects to cut a similar amount this year and next, and this week's redundancies are part of that. It was not clear in what areas most of the cuts would be. New chairman John McFarlane this week said the investment bank remained a core part of the bank and he was pleased with an improvement in its return on equity this year, but he said it would continue to scale back in areas where it is not strong. Analysts expect more cuts in trading activities to allow capital to be diverted to higher-returning advisory and underwriting activities.smurfy2001
Pleased to see barc in the blue-kinda treading water-but very good in that FTSE down some 26 points. I expect further progress in the coming weeks and with positive newsflow from Barclays implementing McFarlane's strategy going forwardastol
I think they just said they will start selling from last Juneastol
Doubt the gov are selling as no formal announcement when they will start selling. But l hold both BARC and RBS.smurfy2001
smurfy2001-yes agree Barc doing well again-steady shall we say-RBS up some 15p and now down some 2p????? don't hold any-any views-do you reckon the Gov cashed in on the rise early morning-seems real strange when their profits announcement was not expected.astol
Johnwise-how come before the results you were posting every negative link and now have reversed to positive links???are there no more negative links-downgrades-rights issue probabilities etc??astol
Barclays rehires private equity banker Barclays has added to its team of bankers that advise private equity firms by hiring Christopher Turner, a Nomura managing director, Turner, who has advised firms including Clayton, Dubilier & Rice, Providence Equity Partners and Thomas H. Lee Partners, will join Barclays in October after a period of so-called “gardening leave”. He’ll report to Barclays’ head of financial sponsors in the Americas, http://www.efinancialnews.com/story/2015-07-29/barclays-rehires-private-equity-banker-christopher-turner-nomurajohnwise
BARC outperforming RBS today, refreshing change...smurfy2001
JOHANNESBURG - Barclays Africa, South Africa's third-largest lender by value, reported an 11% rise in half-year profit yesterday, helped partly by a robust showing from its cross-border business and a drop in bad debt charges. - Barclays, which operates in several other African countries such as Ghana, Kenya and Zambia, said those businesses grew net profit by more than 20%, more than twice the growth rate at home. - http://www.namibian.com.na/indexx.php?id=29811#sthash.pPIDmBUz.dpufjohnwise
Benchmark-thanks for the upgrade news-makes sense as the original targets have already been reached today.astol
Barcclays has had its target price upgraded to 310p from 287p by Deutsche Bank (Edit note: And JP Morgan Cazenove has gone from 285p to 330p)benchmark
Should have a good day again today what with good RBS results supporting the banking sector and FTSE futures looking up-287/288p open????astol
Barclays chairman to accelerate restructuring as profit rises Mr McFarlane fired CEO Antony Jenkins this month after growing frustrated with the slow restructuring. He promised to press on with cost cuts and disposals. As Barclays posted an increase in a key capital ratio, the bank said it had no plans to ask investors for more capital. "Barclays’s numbers were good, even in the investment bank, and core Tier 1 capital was fine so fears about raising capital have subsided," said Julian Chillingworth at Rathbone Brothers. "This wasn’t about the numbers, it’s about the new chairman-cum-CEO and his strategy." http://www.bdlive.co.za/world/europe/2015/07/30/barclays-chairman-to-accelerate-restructuring-as-profit-risesjohnwise
and the ftse is only at 6600. If we have a macro rally back to 7100 it should take barc to 300+, although the 295 is going to be a tough level to break first time around. Maybe the xmas rally will be the time for it to break out and eventually test 330 again.blackberry122
We are trading above TNAV of 279psmurfy2001
Well cant complain with a close of +5p-could have been a drop if results wer disappointing.With the McFarlane Midas touch hopefully we will march towards 300p very soon its only about 15p away-Happy long term holders or shorter term long tradersastol
Enjoy. 2015 Interim Results This is the archive webcast of the presentation at 9:30 am (UK time) on Wednesday, 29 July 2015 hTTp://webcasts.barclays.com/barclays338/audio.php?eventid=705smurfy2001
I think Johnwise has tucked away a few for retirement ? ;)smurfy2001
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