Barclays Share Discussion Threads

[johnwise] 08/5/2018 13:03

BARCLAYS Bank of Zimbabwe says its non-performing loans stood at 2,2% at the end of 2017, a reflection of a quality loan book, the bank’s head of customer service and corporate affairs, Emily Nemapare, has said.


Another successful year for the Barclays Jersey Boat Show

llatsea.co.uk/news/latest-news/another-successful-year-for-the-barclays-jersey-boat-show/

[m1k3y1] 08/5/2018 09:45

Great find fjgooner, Thanks

[fjgooner] 08/5/2018 09:43

New York Attorney General Eric Schneiderman quits amid assault reports

[mercer95] 08/5/2018 09:40

You’re bonkers potty, what happens if the horses lose & I’m pretty sure HMRC will demand proof of any so called winnings from race courses or casinos, especially large or regular amounts, stop giving out financial advice that you’ve seen on Minder with that Arthur Daley.

[m1k3y1] 08/5/2018 09:28

Portside
It would be simpler to just remove the tax on gifting to relatives.
It makes no sense anyway as it invariably involves money that you have already paid tax on .
In addition, the revenue it makes for HMRC must be minimal.

Allowing people to gift to relatives tax free would help everyone, younger generation buying property.
Lastly, the problem here is not the older generation but the fact that people are not paid enough.

[portside1] 08/5/2018 09:25

the irish never pay much tax they go racing ,

[r ball] 08/5/2018 09:20

Bounce from Schneiderman quitting?

[portside1] 08/5/2018 09:20

in march I went to lloys to draw out 10k the bank manager had to ask me why I was drawing out the cashni said its my money its my business he said he as to no because of gov rules ,I said well I expect the on course book maker may have it next week
and off I went

[manics] 08/5/2018 09:19

m1k3y1: you're talking about Boomers. You can allow all you like. Collectively Boomers's demonstrably only want to take from forward generations, not give. The state has to effectively make it compulsory imo. We'll see policy such as this increasingly as younger generations effect to remedy heinous Boomer legacies.

[portside1] 08/5/2018 09:16

you can its simple draw your cash out of your account saying you are going racing
pick Cheltenham or ascot you lose your children win my children always back the winners its all in cash

[johnwise] 08/5/2018 09:15

From the Carl Marx hand book

Tax on pensioners proposed to heal inter-generational divide

[m1k3y1] 08/5/2018 09:11

Complete madness !
They are unable t develop any useful ideas that do not involve more complex tax burdens .

"It says that all young people should receive a £10,000 windfall at the age of 25 to help pay for a deposit on a home, start a business or improve their education or skills.

The report proposes that this money be raised by abolishing inheritance tax and replacing it with a lifetime limit for recipients of £125,000 before taxes kick in. "

How about just allowing people to 'give' money to their relatives, children etc without having to pay a tax penalty for doing it !

An easy solution to a simple problem !

[manics] 08/5/2018 08:53

Tax on pensioners proposed to heal inter-generational divide



""But when you look at public policy, sadly when it comes to a properly funded healthcare system, houses available so that people can achieve their goal of owner-occupation and a fair deal in pay for younger people - in all those ways, that contract between the generations has not been maintained".

[johnwise] 08/5/2018 08:42

Gullible Greens fall for high pressure sales tal

The Financial Ombudsman Service has in the last year received more than 2,000 complaints from homeowners told solar panels would ‘pay for themselves,’ before seeing any financial benefit wiped out by high interest charges, the Times reported.

[portside1] 08/5/2018 08:26

bnarcs directors are not speaking to me as an investor I am with BRAMSON

[m1k3y1] 07/5/2018 20:31

stability comes after the revolution Trev.

[trev1223] 07/5/2018 20:07

The markets like stability - not revolution.

[diku] 07/5/2018 18:24

Sooner Bramson shakes the tree the better....infact sooner Barc gets taken over the better....price might just shoot up...

[m1k3y1] 07/5/2018 18:13

diku...
I don't consider anything that Mack says to be worth giving consideration to .

I am also all for Bramson getting in there and shaking up the tree.

[diku] 07/5/2018 17:44

Somebody remind mack the knife about doubling the share price!...

[diku] 07/5/2018 17:43

Everybody's situation, circumstances and thought process are different...also depends on what rate cycle they are fixed to...


I would never dream of paying off my mortgage completely. Why would I do that?

[m1k3y1] 07/5/2018 17:39

Ah yes, the old 3 - 5 year plan statement !!
How many times have we heard that.
As for McFarlane saying had Barclays “moved into a new phase, with the bulk of our legacy issues behind us and the business performing well”.........

take a look at the latest Barclays mis-selling scandal ....and we thought it was all over !!!
The Times
Barclays hit by solar scandal
hxxps://www.thetimes.co.uk/article/barclays-hit-by-solar-scandal-70fmt0d2w

[bernie37] 07/5/2018 16:57

Barclays bosses are prepared to tell activist investor Ed Bramson that shareholders have no appetite for a major overhaul of the bank during a high-level meeting to be held this week.

Chief executive Jes Staley and finance director Tushar Morzaria are set to sit down with Mr Bramson, whose fund Sherborne became the fourth largest shareholder recently after taking a stake of around 5.4%.

He has now made a total investment of around £2 billion when accounting for additional derivatives holdings.

Mr Bramson has yet to put down any specific demands, though speculation is rife that he will push for an overhaul of the investment bank in order to deliver bigger returns for investors, with some even fearing that he will call for the unit to be sold off.

5.4% The stake which Ed Bramson's fund Sherborne holds in Barclays
However, the bank’s leadership is confident that they have the backing of other shareholders to easily fend off any radical demands, given that the lender is now just emerging from a lengthy period of restructuring and starting to deliver returns.

“I think the current shareholder support for the current strategy is there,” one Barclays board member said.

However, he said the bank was remaining open to “sensible̶1; proposals.

“People will always make radical suggestions from the outside, that’s how people in financial markets work.

“Generally as a board we’re focused on the three to five-year picture of where we can go, and frankly we’d all like to get there as fast as we could.

“If there are sensible things to do, then why not?”

But suspicions that Mr Bramson may also ask for a spot on the Barclays board have been batted away, given the backlash it might spark from regulators who would prefer stability – rather than a shake-up – at one of Britain’s biggest lenders.

Barclays board members held a meeting last week where the upcoming sit-down with Sherborne was discussed, and it is expected that a full leadership debrief will follow.

Mr Bramson, who has a track record of corporate activism, is understood to have also voted through all of the resolutions at last week’s AGM, though he did not attend.

At least one individual shareholder has warned the bank of cosying up to Sherborne.

Barclays loss
Barclays has been warned of cosying up to Sherborne (PA)
“I urge this board, if you entertain him, please do so and listen to him carefully,” the shareholder said at the AGM last week.

“But be careful about inviting him into the house, because this is a fox that will raid our hen house … (it is) bad for shareholders, stakeholders and more importantly bad for our customers,” he added.

Chairman John McFarlane responded by saying that Mr Bramson has not made any proposals to the bank so far “but what we’ve done is arranged a meeting between him and the chief executive next week and we’ll take it from there”.

Executives have been driving home the bank’s progress, with Mr McFarlane having said last week that Barclays had “moved into a new phase, with the bulk of our legacy issues behind us and the business performing well”.

The bank reported a pre-tax loss of £236 million in the first quarter – compared with profits of £1.68 billion a year earlier – but that was primarily due to further payment protection insurance (PPI) charges and a £1.4 billion settlement with the US Department of Justice related to the sale of mortgage-backed securities in the lead-up to the financial crisis.

Stripped of litigation and conduct charges, pre-tax profits rose 1% to £1.7 billion.

[bernie37] 07/5/2018 16:55

hxxps://www.thecourier.co.uk/business/business-news/649078/barclays-ready-to-fend-off-radical-proposals-by-activist-investor/

[alphorn] 07/5/2018 13:32

Nonsense article. Why would anyone need to pay off their property loan if they have the means to continue paying interest and the loan is adequately covered by the asset.

I would never dream of paying off my mortgage completely. Why would I do that?