Barclays Share Discussion Threads

[johnwise] 29/9/2015 14:55

Barclays add two private bankers to Scottish wealth management team

[johnwise] 29/9/2015 08:55

Donald Trump announces his Tax Plan

There is a problem with the video, to view scroll down in the comments to Rock Mask then click on the blue numbers 1:08:44

[smartypants] 29/9/2015 08:30

Wow..BARC opens down 3% and no one makes a comment ???..the new normal ?

[johnwise] 29/9/2015 08:26

Barclays analysts visited China and came back saying it was one of the most bearish trips they've ever taken

[johnwise] 29/9/2015 07:33

SFO to press Barclays over £7bn fundraising in private hearing

Serious Fraud Office will apply for access to evidence regarding how the bank raised the funds during the 2008 financial crisis

[johnwise] 28/9/2015 13:00

Barclays and Deutsche among seven in Swiss precious metals trading probe

Competition authorities in Switzerland said on September 28 that they are investigating seven big banks over the possible manipulation of the prices of gold, silver and other precious metals.

[johnwise] 28/9/2015 08:49

BARCLAYS Bank Zambia Plc has launched the ‘Ignition Account’, a new transactional account tailored to suit the needs of students in tertiary institutions in Zambia.

In a statement at the weekend, Barclays Bank managing director, Saviour Chibiya said the launch of the student account will provide youths aged 18 to 25 years with tailored and affordable banking services that suit their needs.

[johnwise] 27/9/2015 20:53

"Nevin Gussack, author of Sowing the Seeds of Our Own Destruction, analyzes the issue of global trade in the campaign, brought into the national debate by Donald Trump"

Video 1 hour

[davew28] 27/9/2015 20:11

Brazil Next To Go As Barclays' World Shrinks

The bank's new chairman, John McFarlane, is examining a sale of parts of its Brazilian business, Sky News understands.


By Mark Kleinman, City Editor

Barclays is to open talks with potential buyers of its Brazilian business as part of a wider restructuring led by the new chairman of Britain's second-largest bank.

Sky News has learnt that Barclays executives have sanctioned a process to explore an exit from parts of its remaining investment banking operations in the stuttering Latin American economy.

Discussions with prospective acquirers of Barclays' assets are at a preliminary stage, sources said on Sunday.

They underline the determination of John McFarlane, who became the bank's executive chairman during the summer following the ousting of Antony Jenkins as its chief executive, to accelerate the dismantling of its non-core division.

Barclays has in recent weeks struck a deal to offload retail banking operations in Portugal, and is exploring a similar exit in Italy.

Those moves have hastened the UK-based lender's retrenchment from Eurozone economies at a time when the Greek debt crisis had raised fresh investor concerns about the exposure of British lenders.

Barclays does continue to own a significant business in France, but the shrinking of its international footprint reflects Mr McFarlane's remark that the bank needed to be "much more focused on what is attractive, what we are good at, and where we are good at it."

The decision to offload parts of its Brazilian business comes just weeks after HSBC secured a better-than-expected price for its operations in the country, although the profile of the two banks' activities there is markedly different.

Insiders said that Barclays had already reduced its investment bank's presence in Brazil approximately two years ago, with research analysts' coverage of Brazilian coverage now led by teams in London, Mexico City and New York.

It continues to offer services such as fixed-income advisory and risk solutions on the ground in Brazil, and is expected to maintain a limited presence in the country even after the forthcoming asset sales.

Barclays established a non-core unit last year, into which it placed a broad range of loans and businesses accounting for more than £100bn of risk-weighted assets.

It has since sold a number of them, including its retail operations in Spain, which were acquired by CaixaBank, the country’s third-biggest lender, last year.

Mr Jenkins' departure surprised the City after Mr McFarlane had signalled that there would no change in Barclays' strategy.

Sources acknowledged that there had been tensions between Mr Jenkins and Tom King, who runs Barclays’ investment bank, over the poor returns generated by the division in recent years.

The search for Mr Jenkins' successor is well underway, with an appointment said to be likely before the end of the year?

Mr McFarlane said during the summer that it was important to make “the right decision, not a quick one”.

In relation to the future of its Brazilian business, a Barclays spokesman told Sky News on Sunday:

"We are constantly monitoring our opportunities in different geographies and businesses over the cycle.

"If any firm decisions are made, we will provide an update."

[johnwise] 27/9/2015 07:57

How stupid is this.. austerity in Britain while UK Banks feed Communists with our money.

Latest figures from the Bank of England show UK banks have a £123billion exposure to Communist China –in the form of loans to businesses and households – and a £248billion exposure to Hong Kong..

[johnwise] 27/9/2015 04:46

Who Knew sub prime loans would be so thrilling ?


Buy-to-let boom will pose risk to UK economy if house prices turn down, Bank of England warns

Data shows buy-to-let mortgage lending has risen by 40 per cent since 2008, 20 times faster than owner-occupier loans.

In the same period, the buy-to-let share of the market has risen from 12 per cent to 16 per cent with more people than ever before privately renting.

[sasbod] 26/9/2015 09:18

Johnwise good post. I did not know this By law, consumers have six years to lodge a complaint about a financial product but are granted another three years to do so if they become aware that they have been mis-sold.Looks like 1-2 more yrs max on ppi.

[johnwise] 26/9/2015 08:50

Britons see 41% of monthly pay vanish on their rent - and Londoners have to spend half their income

[smurfy2001] 25/9/2015 12:51

The financial regulator is in discussions today to impose time limit on claims for mis-sold 'payment protection insurance' – which has prompted £21bn of payouts

[johnwise] 25/9/2015 12:34

September Payrolls Preview:

For the September employment report, scheduled for release on Friday, October 2, Barclays Capital forecasts nonfarm payroll growth of 200k.

[smurfy2001] 24/9/2015 19:37

China China China

[christh] 24/9/2015 16:19

is it goodbye to 6000 in the ftse?
why is it it falling?

economy f......ed up by the Torries or the world economy heading for a recession?

[johnwise] 24/9/2015 08:18

UK banks are the world's best recovery play - Jupiter

UK banks are currently the best recovery play on the global market, according to Jupiter Fund Management’s Steve Davies. -

[lrj] 23/9/2015 16:55

Dilution, dilution, dilution.

RNS Number : 8516Z

Barclays PLC

23 September 2015

23 September 2015

Barclays PLC -Block Listing

Barclays PLC (the' Company') announces that an application has been made to the UK Listing Authority and the London Stock Exchange for the block listing of 75,000,000 Ordinary shares of 25 pence each in the capital of the Company (the 'Shares') to trade on the London Stock Exchange and to be admitted to the Official List.

The Shares will be issued and allotted under the following share schemes: Barclays Group Share Value Plan (50,000,000 Shares); Barclays Group Share Incentive Plan (10,000,000 Shares); and Barclays Group SAYE Share Option Scheme (15,000,000 Shares). When issued, the Shares will rank equally with the existing issued Shares of the Company.

Admission is expected to be effective on 24 September 2015.

This information is provided by RNS

The company news service from the London Stock Exchange

END

[davew28] 23/9/2015 12:52

Lloyds shares can gain 67 per cent in two years, thats why I have bought £115 million worth, but I won't buy Tesco shares, says star fund manager

He invests in RBS in his fund, but believes that the premier opportunities within the sector are Lloyds, his largest single investment, and Barclays.

On Barclays he commented, ‘People keep talking about the investment bank, and worrying about it, but they forget that Barclays has a retail bank and Barclaycard, both exceptional businesses that on their own may be worth more than Lloyds. There will be a new chief executive comes in, but I don’t think he needs to do anything radical.’

Davies ascribes a target price to the shares of all of the companies in which he is invested, this is the price he believes the shares should be trading at or near two years from now.

In the case of Barclays, he remarked that his target price is £4.30, which is considerably higher than the £2.49 share price at the time of writing.

He added, ‘The chairman of Barclays has set the staff the challenge of doubling the share price, we aren’t quite that optimistic, but then we are only thinking of it on a two year time horizon, he is thinking more long-term.’

[smurfy2001] 23/9/2015 12:08

Johnwise, l need 280p :(

[johnwise] 23/9/2015 09:16

Barclays rolls out iPortal for businesses

Barclays has launched an online hub allowing businesses to access their banking services through a single gateway.