Barclays Share Discussion Threads

[johnwise] 01/6/2016 10:58

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Ex-Barclays director passed insider tips in return for free bathroom




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[johnwise] 01/6/2016 10:57

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Bankers must learn to behave or fintech will tear them apart, warns Barclays’ ex-boss

Britain’s bankers have not yet convinced the public that they are reformed characters – and if banks do not change their ways, fintech companies will poach their customers, Barclays’ former chairman has warned.

Sir David Walker fears that banks are taking too long to rebuild their reputations, at a time of fearsome technological and industrial change, which means they are losing out to new competition.

[johnwise] 01/6/2016 10:57

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Citigroup and Barclays are London’s latest financial service giants to tell their IT contractors to work for less money or lose their contracts.

[diku] 01/6/2016 09:50

Sure so true...Unfortunately the FTSE to some reason beyond this planet Earth never follows...and always has some sort of excuse to go down!!...

The Yanks definitely don't ever need an excuse to take their indices higher!

[topicel] 01/6/2016 08:48

No doubt superior chart watchers to me would be able to comment more, but I recognise resistance around 180p (if you recall the old range was 160-180p as I presaged a couple of weeks back) and it is a line in the sand that should be watched closely.

A close below that might be a reversal of sorts as Brexit increasingly comes front and centre, but seeing as most any poll could also flip things upwards the upside might be 190p...but like I say, events aside it would be worth us hearing from a proper chart analyst like fingers or someone. My finger in the air method is prone to malfunction!

Topicel

[topicel] 01/6/2016 08:42

That is the consensus, hence the fall back here and in financials generally yesterday and today. The point about the Friday figures being ok-ish to most commentators will be that July should be nailed on and, if that becomes apparent then the build-up to then will begin almost immediately.

The Yanks definitely don't ever need an excuse to take their indices higher! And where they lead, then we will undoubtedly follow. The only other fly in the proverbial is the Yen, which is gaining in strength against the dollar and isn't so good.

Topicel

[diku] 01/6/2016 08:31

Still think Fed will hold off for now until July meeting...Fed will want to see the market reaction on UK EU vote...by then also more data to support rate hike...

[topicel] 01/6/2016 08:25

Markets positioning themselves ahead of the crucial jobs report in the US this Friday which will, by-and-large, be the final inference to many as to how the Fed will move at their June or, more likely, July meeting.

In the meantime, there will be plenty of games as churn is still the name of the game. Assuming no unexpected negative reads to the non-farm payroll numbers then holding financials and Barc through this week will remain beneficial.

As ever, place your bets and expect a turbulent ride here.

Topicel

[alphorn] 31/5/2016 10:34

"Britain is the most corrupt country"

.......the land of the trusts and off shore havens. Very discreet.

[manics] 31/5/2016 08:35

portside1: why not take a drive down to your local Wetherspoons?

[portside1] 31/5/2016 08:12

diku in my garage now off

[diku] 31/5/2016 08:07

porty...I have just lost the plot of your post 117289!...

[rburtn] 30/5/2016 21:42

I find it staggering how easily the Brexiters have suckered people into conflating the EU with immigration and - sotto voce - multiculturalism. Fact is the Tories have had several years to introduce a points system to the equally large non-EU migrants, why doesn't Boris introduce a private members bill to do this? Tony Blair got paid hacks to forecast 20,000 Poles, why? Answer, they are bankrolled by businesses which thrive on numbers. Hypochrisy is the watchword of politicians, they will do damn all about immigration. Unlike those coming from the R.O.W. a very large proportion of EU citizens will not settle permanently here - would you if you were French?

[kenbachelor] 30/5/2016 16:07

I hope you have a very good time Portside.

[portside1] 30/5/2016 15:56

have just fetched my new car very nice its now in the garage only do about 3k a year then give it away have for over 25 years the vw I have just given away 5879 miles onclock mint .

off to spain end of month for a while

[portside1] 30/5/2016 15:54

OK KEN HAS I HAVE SAID IT WILL NOT AFFECT ME .
but will be laughing at those that voted to stay in and I will laugh very loudly
when the problems it home .the uk will get over 5 m more migrants no nhs wait weeks for doctor and the old will just die in pain
that's a cert .

[pennstreet] 30/5/2016 10:39

portside - when i said

'I'm out and staying out for some time.' - i meant i'm out of barclays !

[johnwise] 30/5/2016 09:27

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David Cameron says soaring migration figures is a price worth paying for being in Europe

"Hey Dave, try getting your kids into a state school within 3 miles of your home. Try delivering a baby in a hospital that's full to the brim and getting the adequate care you need. Try walking the streets and finding a job that can pay the ridiculous prices of rent because you are 10 years down the line on a council waiting list.? "

[diku] 29/5/2016 21:56

porty...you have link for that Mervin King interview?...

[astol] 29/5/2016 17:55

The bookies odds are circa 1/9 odds on that we stay in and 4/1 that we leave the EU..Its not a horse race cause quite often the odds on underperforms but I would say the the likelihood of Brexit just ain't gonna happen.
That's why in my opinion the Banks are going up and also US interest rates looking to be increased in June further bolsters improved margins etc.In respect of Barclays-Jess Staley is steadily turning things around-I see 200p before the referendum and after-well onwards and upwards!!!

[kenbachelor] 29/5/2016 17:21

Portside - At last you've said something that I agree with. The pension funds are or at least will be if the minuscule interest rates continue.

When I was 55 both I and my wife decided to draw our pensions. We purchased annuities paying a fixed rate of 8.25% and we've been drawing it now for 25 years so we've already had 206% on our money, although we don't know how much longer we'll be collecting it for.

I don't see how they can continue.

By the way, we've both voted already.

[portside1] 29/5/2016 15:39

so if you are thinking of moving to spain you will not get free nhs

but any one coming to the uk will get quick and free treatment

[portside1] 29/5/2016 15:37

Among those hardest hit will be those who have taken early retirement and headed for Spain. Until now these expats have been able to get medical treatment in Spain, under a reciprocal agreement, where costs were refunded by the UK Treasury, provided that patients signed a “residual S1” form (previously known as an E106).


This form confirmed that expats had paid National Insurance for the past three years in the UK, and the British Government would therefore cover necessary medical costs overseas.


But these forms are being withdrawn on July 1. Protection will remain in place for those who have signed the forms before this date, but only until their form expires – and they last a maximum of 30 months.
but the real facts are that spain has refused to give free nhs to brits for the last 5 years unless they have insurance cover or pay cash
they make them wait hours then tell them to see a doctor when they get home
emergency treatment will go ahead but will charge the uk

Those who have already reached retirement age will still be covered by a similar reciprocal agreement (provided that they have signed the correct paperwork). But with further cost-cutting on the horizon there are concerns that this too could soon be under threat. Expats who can no longer get free health care in Spain, however, cannot simply pop back to Britain and get treatment on the NHS. In recent years there has been a clampdown on this kind of “health tourism”.