Barclays Share Discussion Threads

[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.

[portside1] 29/7/2015 10:45

will not be at this share price for long if you need to top up do it before you have to buy above 300p
the div was never going to go up till 2016

buy buy buy

[smurfy2001] 29/7/2015 10:44

Given the clear breakout a hold for now :)

[smurfy2001] 29/7/2015 08:40

RSA boss Stephen Hester is among the names that been linked with the vacant chief executive job.

[johnwise] 29/7/2015 08:31

Barclays chairman John McFarlane speeds up reforms as profit rises

[smurfy2001] 29/7/2015 08:28

Oh well if the share price rise continues it will be less of a blow.

[astol] 29/7/2015 08:22

just about have the div in todays move so far-Brokers will upgrade Barc this week-the IB did well-strategy in place by McFarlane-all great stuff-on the way to 290p

[chinese investor] 29/7/2015 08:19

Ken,

Investing In China !

[chinese investor] 29/7/2015 08:19

Banks Must Surely Head North Now !

[kenbachelor] 29/7/2015 08:17

Smurfy - As I said yesterday 1p. An increase before the eoy results was never on the agenda.

CI - Where have you been?

[chinese investor] 29/7/2015 08:08

Looking Good !

[johnwise] 29/7/2015 07:54

Barclays has beaten expectations for second quarter profits, with net income rising to £1.85bn – ahead of the £1.8bn expected - as chairman John McFarlane sets out his three point plan to ramp up its turnaround.

[portside1] 29/7/2015 07:51

fund managers will be buying later in the year so get in before they push up the share price . can now see 350p by next march