Barclays Share Discussion Threads

[astol] 27/7/2015 10:54

Investec predictions will have little impact on the share price imo-it will be all about McFarlane's forward looking strategy plans/statement on 29 July.See a 10p increase on the share price to 290p with clarity on his plans for the bank going forward.

[mbmiah] 27/7/2015 10:37

Recovering nicely - or is a gap being filled....anybody?

[astol] 27/7/2015 07:46

triktrak has posted the article above-this was from the Sunday Times hard copy newspaper.

[johnwise] 27/7/2015 07:12

Investec analyst Ian Gordon predicts Barclays will report revenues down 9 per cent to £1.96bilion. Rivals RBS and Lloyds will report results later in the week.

[smurfy2001] 26/7/2015 21:08

portside1,

Don't see anything in The Time online, maybe post of a link or short snippet of text?

[triktrak] 26/7/2015 17:36

Barclays boss John McFarlane to unveil aggressive cost cuts

New Barclays boss John McFarlane will set out ambitious plans this week to cut costs, reshape its investment bank and speed up the sale of surplus assets, including retail operations in Italy and Portugal.

Mr McFarlane, who earlier this month took over as executive chairman after the sacking of chief executive Antony Jenkins, is not expected to set out targets for job cuts, however.

Instead, he is likely to say that the bank should make sure it reduces its “cost-to-income” ratio — a key measure of bank performance that is closely watched by shareholders.

In recent years, Barclays has had a cost-to-income ratio greater than 60. Mr McFarlane is expected to say he wants to cut it sharply, though again he will decline to give a specific target.

He is expected, however, to outline plans to reshape the investment bank to focus on profitable operations in London and New York, and to shrink Barclays’ fixed-income trading operations.

Full article:

[valedo] 26/7/2015 16:54

Methinks portside is getting commission from the times for directing readers

[portside1] 26/7/2015 16:23

Read the times online it looks good for holders

[astol] 26/7/2015 15:19

portside1-can you shed some light on the article ie what is looking good?the expected results?McFarlane's strategy/plans??

[portside1] 26/7/2015 15:08

Read the times to day looking very good for holders

[johnwise] 26/7/2015 04:53

JEFF PRESTRIDGE: The future of banks, an open and shut case

As things stand, I see little changing. Metro – and other challenger banks – will continue to prosper while Barclays will haemorrhage customers. Indeed, the latest official current account switching figures confirm just that with Barclays leaking more customers than any of its rivals.

Maybe Barclays’ current fractured management is content with this sorry state of affairs as it seeks to improve profits. If so, it has lost the plot. A bank will not survive forever if it loses the trust of many of its customers.
More

[smurfy2001] 24/7/2015 20:50

Good stuff

[davew28] 24/7/2015 20:38

All quiet on here today. Everyone away on their hols?

Anyway, share price very resilient today. Let's hope for a good week next week:

hxxp://www.cityindex.co.uk/market-analysis/market-news/38516012015/big-3-banks-uk-big-oil-earnings-in-focus-next-week/

Barclays Q2 operating profit is expected to rise 10% to £658m, lifting H1 EBIT to £2.6bn.

Adjusted pre-tax profit is not expected to be as robust in Q2 as it was in the quarter before though.

It rose to 9% to £1.85bn whilst a somewhat lighter £1.29bn is expected for Q2.

The latter will be 22% lower than the same quarter a year before, partly due to the slimmed down scope of what BARC now calls its ‘core’ ops versus its non-core, especially after parts of its investment bank were moved over to the ‘non-core̵7; side.

An expected annual dividend of 8p leaves scope for Barclays to increase the pay-out in Q2, given that the first quarter’s was flat at 1p/share.

Apart from earnings, there’s been some attention on Barclays’ management after its CEO, Antony Jenkins, was unexpectedly dismissed earlier this month.

Further clarification of the recruitment process and how long it will take, from interim executive chairman John McFarlane, would play well with investors.

There has been some unease over the consolidation of control in the latter, voiced by a few large institutional investors, judging by media comments.

[fitzybeast] 24/7/2015 16:58

I believe this is going to rise like a salmon when the ftse recovers recent losses.

[johnwise] 23/7/2015 17:44

Barclays to let landlords use income to plug rental cover shortfall



Bank could crack down on 'risky' buy-to-let mortgages, warns Osborne: Ministers to hand out powers that would limit lending to landlords



Is Britain sitting on a £200bn buy-to-let time-bomb? Landlords borrow vast sums to fund property empires

[gcom2] 23/7/2015 11:48

Looking good for 330p

[astol] 23/7/2015 11:28

since Oct 2014 the chart has shown a steady line 45 degree increase in the sp

[astol] 23/7/2015 11:26

taken the best part of the morning to get a decent share price increase-now heading towards 285p!!

[astol] 22/7/2015 23:11

smurfy2001-indeed holding up well-we are heading for a +3p gain tomorrow continuing its march towards 300p-close will be 284/285p imo

[smurfy2001] 22/7/2015 17:20

Holding up well

[mbmiah] 22/7/2015 15:03

Weak FTSEA blue finish here would boost confidence on results I feel.

[prambigear] 22/7/2015 12:54

#112589
'Buyer beware'
and
'My word is my bond'
...worked well for centuries. Corruption and cheating were 'policed' by your 'name and reputation' even if what was done was not illegal. Trying to legislate for misdemeanours is the error. It further encourages the villains to find holes in the system that are not covered.