Barclays Share Discussion Threads

[portside1] 10/10/2017 08:40

KEN , yes more so than ever , I would sooner be poorer than have those scum in brussels running the uk policies , THE UK SHOULD WALK AWAY FROM TALKS AND LET THE EU CRINGE , I NOW ALONG WITH ALL MY FAMILY AND MANY GOOD FREINDS STOPPED BUYING ANY EU GOODS WE HAVE ALSO MOVED OUR ELEC GAS TO BG

THE EU IS RUN BY CRIMINALS AND UNEDUCATED SCUM .

ANY ONE WHO THINKS THE EU IS GOOD FOR THE UK IS A BRAINLESS SIMPLETON ,

THATS MY ANSWER TO YOU KEN .

STOP BUYING EU GOODS

[diku] 10/10/2017 08:25

Bob the diamond laughing all the way to his bank...

[shalder] 09/10/2017 21:43

Just so long as he doesn't press the big red button on his desk in the Oval Office instead....

[diku] 09/10/2017 21:22

Uncle Trump will fix it...he will just press the debt reset button...and blame the previous administration...

[johnwise] 09/10/2017 17:11

Video
$20 Trillion: U.S. Debt Crisis

[clond] 09/10/2017 10:49

How low can we go in the run up to the 6 month results ?

[lrj] 08/10/2017 21:31

Ken,

Brexit is needed, we are not European. The problem is...... The Conservative Government never prepared for it. Cameron thought it would never happen and the people appointed, are Politicians, not negotiators. They need help and should ask business people for it.

Regards.

[wskill] 08/10/2017 14:31

Think if Barclays runs the bank the same ways as Barclays stockbrokers I will keep
Well clear after the present debacle with the brokers who had an excellent site before recent changes I am moving after over 40 years as a customer now a Premier banking client but with the very poor management now in charge in Barclays I am worried that they do exactly the same to banking as they're doing to stockbrokers.

[kenbachelor] 08/10/2017 12:57

Portside - I'm wondering whether you're still in favour of Brexit, having now seen the chaos that it's caused to say nothing of the cost?

[cool druid] 08/10/2017 12:52

[...]

Merrill Lynch Ups Motif Bio Stake Following Iclaprim Results (ALLISS)
By Alliance | Fri, 6th October 2017 - 14:19

LONDON (Alliance News) - Merrill Lynch International has raised its stake Motif Bio PLC under a transaction on Wednesday and now holds 5.038% interest in the pharmaceutical company.
The purchase came on the same day Motif Bio reported positive results from its phase III clinical study of flagship antibiotic Iclaprim. Iclaprim met its primary endpoint in the phase III trial in patients with acute bacterial skin and skin structure infections, which was non-inferiority whilst compared to the standard of care vancomycin.
Earlier today, Motif Bio released new pre-clinical data showing positive results regarding the use of Iclaprim. In an in vivo model mimicking the pathophysiology observed in cystic fibrosis patients, rats were dosed with either 80 or 60 milligrams of Iclaprim, 50 mg of Vancomycin, and a placebo.
The Iclaprim rats showed a 100% survival rate, 33 out of 33, while Vancomycin showed 92% survival rate and the placebo 48%.
Merrill Lynch had a holding that was below the notable threshold prior to the purchase.
Motif Bio shares were up 6% on Friday at 46.11 pence.
By Joshua Warner; [e-mail]; @JoshAlliance

Read more:

A step ahead of ImmuPharma is Motif Bio, which has successfully completed not one, but two phase III clinical trials and is preparing to submit its antibiotic, iclaprim, for regulatory sign-off. While the shares are up 23 per cent this week at around 43p, analysts think it could be worth double that figure.
Amphion Innovations, the investment group, owns just over 14 per cent of Motif. Its chief executive thinks market hasn’t quite grasped how valuable this shareholding is. He might be right as Amphion’s market capitalisation is some way short of the value of its Motif investment

[diku] 08/10/2017 09:05

Don't you start with share issue...porty will get angry!...

[clond] 06/10/2017 15:17

Issue millions of shares to compensate

[ayl30] 06/10/2017 15:17

See this, good article by Kate

[bernie37] 06/10/2017 15:01

NewsBusinessBusiness Comment
Barclays' super fly guys aren't so high on the stockmarket
The bank makes a profit and has done for years, but it sits on a lower valuation than does Royal Bank of Scotland

James Moore Chief Business Commentator @JimMooreJourno Friday 28 July 2017 10:15 BST0 comments




0

Click to follow
The Independent Online
jes-staley.jpg
Boss Jes Staley says Barclays is now where he wants it to be Getty
Fun banking facts: you can pick up Barclays shares cheaper than Royal Bank of Scotland’s in terms of valuation.

That’s right, the stock market thinks less of a bank that turns a profit (mostly) and pays a small dividend, than it does of Royal Bank of Scotland, which hasn’t made money in nearly ten years. Optimists think it might pay its first divvy this year, but only if the fates align.

Poor Jes Staley. Upon the release of the half-year numbers, the Barclays CEO said that the bank’s “restructuring is complete”.

READ MORE
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Former senior Barclays bankers in court over fraud charges
Qatar owns Canary Wharf and Heathrow – now Barclays is a problem
“From 1 July we are the bank that we want to be,” he boldly declared.

If you forgive the thumping paper loss he made on pulling out of Africa, which marred the numbers, he also had a pre-tax profit of £2.34bn to talk about.

And yet he still wasn’t able to find any love in the heart of the city.

Why is there so little faith in this transatlantic super bank “with global reach”, particularly when compared with the industry’s problem child?

Perhaps it’s because, as far as the City is concerned, RBS is fixing its problems. It has one more really big nasty to get out of the way. That would be the packaging up and sale of dodgy mortgages that went on in the run up to the financial crisis. It will cost RBS (and therefore we taxpayers) several billion pounds.

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Once that’s done, however, the worst should be out of the way.

I’d personally be a little more sceptical than London’s institutional investors are. RBS for many years looked like a rogue bank. To my mind, it has a lot still to prove.

But if you look closely at Barclays, you start to see why the City might have a point with its unflattering comparison of the two.

Barclays is the banking industry’s geezer! It’s a little bit fly. No bothersome British Government bail outs for us. We’ll get our clever chaps to rustle up some Qatari cash to keep the Treasury’s hands off us.

The consequences of that decision can be seen within the pages of legal disclosures that make the life of a banking reporter easy. When there’s nothing much to say about the results, you can always, but always, find some fun in the Barclays small print.

Forget the £700m tossed on to the PPI pile that made all the headlines. That’s just a common or garden misdeed that every one of the industry’s big guns have got a piece of.

It’s Barclays more esoteric troubles that worry people, and they should.

Numerous authorities are investigating the Qatari mess, and there will be civil actions to contend with too (the Qataris invested on very favourable terms and made a mint as a result).

With the Americans heavily involved, it’s clearly going to get very expensive.

And that’s not all. Barclays is fighting the US Department of Justice over the same mortgage issue RBS is preparing to settle, the only bank to take that tack.

Oh, and we shouldn’t forget Mr Staley’s attempt to out a whistleblower who upset one of his mates. Sorry, who tabled certain allegations against a senior director he had brought in.

Barclays describes this as a mistake, having concluded that Mr Staley must have thought it was ok to do what he did even though it was against the bank’s policy. It will be interesting to see if the Financial Conduct Authority agrees with that assessment.

Business picture of the day
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And so it goes, through those pages and pages of teeny tiny print.

The bank may be strategically where Mr Staley wants it to be, and it surely does look to be a lot more focussed than it once did.

But culturally? You have to wonder, and that might go some way towards explaining why the shares are so cheap. The industry’s super fly guys aren’t taking their stock holders very high. Perhaps they need a new approach.

[kenbachelor] 06/10/2017 14:57

Smurfy - Fortunately I paid off my mortgage years ago, so I don't have that problem. I think the interest rate I was paying at the time was about 15%.

[smurfy2001] 06/10/2017 14:46

Interesting Ken.

I hear rates are going up for Mortgages to price in a November interest rate hike.

[kenbachelor] 06/10/2017 14:31

I've just received the following from RCI bank.

'The UK savings market has been moving positively and we’re proud to have responded with a rate increase, which we’ve made available to both new and existing customers. The rate on our Freedom Savings Account has increased from 1.20% to a leading easy access rate of 1.30% AER gross variable from 06 October 2017.

We’ve already increased your rate in line with this so there’s nothing you need to do. We understand these changes only have a small benefit, however we’re pleased to be able to increase your rate nonetheless.'

The last time they increased their rates I received an e-mail from Nationwide the same day telling me that they were 'cutting' their interest rate, so I hope it's not going to be the same today.

[bernie37] 06/10/2017 11:47

Still waiting for the share price to double, well that's what John macfarlane the CEO said,and he should know?

[bernie37] 06/10/2017 11:43

We have one option, well I have and that is to hold, with my share price buy in at £246

[smurfy2001] 06/10/2017 11:22

bernie37, that video is just funny to watch given the share price now.

[bernie37] 06/10/2017 11:14

hxxps://www.nytimes.com/video/business/100000005190046/eu-antitrust-chief-on-record-fine-against-google.html

[bernie37] 06/10/2017 11:09

Three reasons Barclays Antony Jenkins ‘had to go’

Helia Ebrahimi
Business Correspondent
They used to call him Saint Antony. But after three years, Barclays chief executive Antony Jenkins lost his holy mantle, Helia Ebrahimi writes.

In a “bury-it-on-budget-day” move, Barclays announced it had ousted the man brought in to clean up the culture of the bank.

The new chairman – John McFarlane – delivered the coup de grace in a style that’s earned him the nickname: Mac the Knife.


Play Video
But not before the board agreed to a less than angelic payoff of at least £2.5million.

For a bank that erected eight foot high buzzwords like “respect”;, “integrityR21;, and “service”; in its London HQ – what does mean for its culture that its saintly chief executive was sacked?

And will the bank be a better place without him?

1. Too much arrogance not enough charm – most people you speak to close to the bank concede that Mr Jenkins was “the right man for the time – not the right man for the job”. As the libor scandal blew up back in 2012, Mr Jenkins looked to be a great antidote to his American predecessor Bob Diamond.

In contrast to Mr Diamond’s brash quarterback style he brought a more English approach. Less, fast and loose, more humble and by the books.


But within a year, it became clear that while he had a different style to Mr Diamond he was no less arrogant. Rumours began to swirl that he had ruffled feathers both of his senior executives and shareholders.

2. The investment bank The investment bank used to be Barclays’ main profits generator but that seems a lifetime ago – before miss-selling fines, limits on capital and regulators on the warpath. The question for Mr Jenkins – who came from the retail side of the bank – could he reform the investment bank without hobbling profits.

The verdict has been returned and the answer seems to be no. Last year the investment bank had become the worse performing division of the group.

3. His relationship with shareholders He misread regulators in 2013, promising shareholders he wouldn’t need extra cash before being forced to raise £5.8bn. Then he upset those same investors by increasing bonuses while profits were falling. He said this was to ensure the banks best rainmakers stayed at the UK company – but nevertheless there was a brain drain to Wall Street firms. In the last year, investment banks have been enjoying a deal-making frenzy but thanks to cuts in capital and people, Barclays has not been able to take full advantage. Today’s share price move says it all. After the surprise announcement, shares in the bank jumped nearly 3 per cent, adding £1.3 billion to its market value.

The Budget

[bernie37] 06/10/2017 11:07

Past news
hxxps://www.channel4.com/news/three-reasons-barclays-antony-jenkins-had-to-go