Barclays Share Discussion Threads

[smurfy2001] 30/7/2015 13:22

Doubt the gov are selling as no formal announcement when they will start selling. But l hold both BARC and RBS.

[astol] 30/7/2015 13:13

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] 30/7/2015 13:09

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??

[johnwise] 30/7/2015 11:57

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,

[smurfy2001] 30/7/2015 11:54

BARC outperforming RBS today, refreshing change...

[johnwise] 30/7/2015 11:30

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. -

[astol] 30/7/2015 08:24

Benchmark-thanks for the upgrade news-makes sense as the original targets have already been reached today.

[benchmark] 30/7/2015 08:14

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)

[astol] 30/7/2015 07:45

Should have a good day again today what with good RBS results supporting the banking sector and FTSE futures looking up-287/288p open????

[johnwise] 30/7/2015 07:40

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."

[blackberry122] 29/7/2015 18:55

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.

[smurfy2001] 29/7/2015 16:47

We are trading above TNAV of 279p

[astol] 29/7/2015 16:43

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 traders

[smurfy2001] 29/7/2015 15:40

Enjoy.

2015 Interim Results

This is the archive webcast of the presentation at 9:30 am (UK time) on Wednesday, 29 July 2015

[smurfy2001] 29/7/2015 15:32

I think Johnwise has tucked away a few for retirement ? ;)

[cmillar] 29/7/2015 14:39

Another positive post???

Who are you and what have you done with the real Johnwise?

[johnwise] 29/7/2015 13:55

Barclays 'now the most attractive investment' amongst the UK banks following latest results

[smurfy2001] 29/7/2015 11:52

Positive headline from the BBC? Cows do really fly!

Barclays bank has reported a 25% rise in statutory pre-tax profits to £3.1bn for the six months to the end of June.

Profits last year were £2.55bn. The bank also set aside a further £850m to compensate customers - including further claims for mis-sold payment protection insurance.

The results come less than a month after new chairman John McFarlane sacked chief executive Antony Jenkins.

In total, Barclays has now set aside £6bn to compensate for PPI mis-selling.
Mr McFarlane is expected set out plans to speed up reform at the bank later.
In April, Barclays set aside a further £800m, largely to cover potential further legal action and penalties for alleged foreign exchange manipulation.
That resulted in Barclays reporting a 26% fall in its first quarter statutory profits to £1.34bn.

But Barclays made a £496m gain on the sale of assets bought following the collapse of Lehman Brothers in 2008.
It also said it intended to maintain its dividend at 6.5p this year - the same as it paid in 2014.

Barclays' share price was 2% higher to 285.10p in early trade on the London Stock Exchange.

Mr McFarlane, who took over as executive chairman of insurance giant Aviva in 2012 after sacking then chief executive Andrew Moss, believes Barclays' turnaround is not happening quickly enough.

As he did at Aviva, Mr McFarlane, who only joined the bank in April, will take on executive duties, spearheading a quest for higher returns until a replacement is found, which, it is thought, is unlikely to be before early next year.

Barclays also said it had set aside £250m for customer refunds and associated
costs in response to complaints received relating to its packaged bank accounts. These incur a fee, but often come with added extras, a typical example being free motoring roadside assistance.

Mr McFarlane said Barclays needed to accelerate growth in earnings, return on equity, and capital generation.

The bank has already announced 19,000 job cuts.

He said: "There is more that can be done to deliver better returns for shareholders, faster, and that work has begun."

Mr McFarlane also announced the bank would speed up the process of mothballing or selling the bank's non-core divisions, to reduce them to a value of £20bn by 2017.

[mbmiah] 29/7/2015 11:38

A shorting attempt by Chirantan Barua I think - should be sacked.

[smurfy2001] 29/7/2015 11:18

Watch the video here, i'm happy the Chairman is very aware of the flat share price and dividend with good focus on improving that.

Chairman,



Finance director,

[smurfy2001] 29/7/2015 11:14

Bernstein slapped down, glad to hear.

[dr biotech] 29/7/2015 10:50

12month chart looks pretty good. Solid set of results - IB performed OK. Can't say I am too bothered about the dividend as long as the total return is decent. I see not reason to change my long term hold position.