Barclays Share Discussion Threads

[goldpiguk] 30/1/2019 20:17

Hi Dr Biotech,

I was a little surprised when some Brexiteers thought it was good Dyson was moving his HQ to Singapore because he saw big opportunities for growth in the Far East. Nick Ferrari on Question Time last week described Dyson's move as a win, win. It follows from what he said that companies like HSBC and other FTSE 100 companies should up and move HQ's to Asia if they too see it as their main area for growth. I was amazed no one challenged him on this.

Regarding the EU Vodafone has clearly stated that being in the single market is vital to its future so I would eventually expect it to move its HQ to an EU country where it can operate in the single market if the UK is unable to.

Remember though a week is a long time in politics so a lot can happen before March 29th. Over the next few years this country stands to lose billions of pounds in corporate and income tax revenues. I do wonder how many jobs and how much tax will be permanently lost as a result of the mess this country has got itself into?!

Goldpig

[diku] 30/1/2019 19:04

So somebody from Ireland will be speaking to a client in the EU...

[dr biotech] 30/1/2019 16:57

Unfortunately some people swallowed all the BS that the brexiteers promised. The fact that it was an undeleverable fantasy seems to pass some people by. If we voted to end free movement, but to pay nothing, still be part of the single market and have our way in the Irish border it was never going to be accepted. Only an idiot would believe in it, such as the likes that believe the daily Express.

Now we are already seeing the consequences with jobs and assets being shifted to mainland Europe. It’s only going to get worse. But never mind, we will sign free trade deals with India and China to import all their low cost tat and export them.....erm investment banking?

[waldron] 30/1/2019 16:00

Barclays Prepares to Move EUR190 Billion in Assets to Ireland -Sky News
30/01/2019 3:32pm
Dow Jones News

Barclays (LSE:BARC)
Intraday Stock Chart

Today : Wednesday 30 January 2019
Click Here for more Barclays Charts.

--Barclays PLC is preparing to transfer assets worth 190 billion euros ($217.2 billion) to its Irish division as part of its plans for a no-deal Brexit, Sky News reports.

--The plan covers around 5,000 clients and is based on the assumption that, after Brexit, U.K. financial-services firms will lose rights to provide services across Europe, according to Sky News.

--The plan has been largely approved by the U.K. High Court, Sky News reports.



Full story:



Write to Barcelona editors at [e-mail]



(END) Dow Jones Newswires

January 30, 2019 10:17 ET (15:17 GMT)

[johnwise] 30/1/2019 16:00

The EU has already said that they won't reopen negotiations, or remove the backstop. May has wasted over two years flogging a dead horse when the government should have negotiated with 'no deal' being the starting point..The people are not getting what they voted for in 2016. Anything other than a full Brexit is a betrayal of democracy and the role who voted. We should not pay the EU a penny...Watching the demise of the Conservative Party.

[m1k3y1] 30/1/2019 15:46

TY Goldpig, all info appreciated

[goldpiguk] 30/1/2019 15:39

Hi bernie37 and m1k3y1,

Mr Justice Snowden has approved the shifting of 190 billion euros to Ireland in case Barclays loses its Passporting Rights in a no deal Brexit. Barclays felt it could no longer wait. People seem so oblivious to what is happening as numerous UK based companies have to move money away from the city of London to EU countries to protect their interests and the interests of their shareholders.

Goldpig

[diku] 30/1/2019 15:15

Barc lagging behind...

[m1k3y1] 30/1/2019 15:13

Barclays gets court approval to move some assets to Ireland ahead of Brexit

[bernie37] 30/1/2019 12:41

Barclays lawyers signed off on ‘bungs’ and 'corrupt payments' to Qataris, court told

[bernie37] 30/1/2019 12:09

Lloyds Banking Group (LLOY.L) is cutting 292 jobs from Fareham, Birmingham, London, Halifax and Chester sites, according to the union Unite.

In a statement sent to Yahoo Finance UK, Unit said it “challenged221; the bank’s decision to axe staff as part of Lloyds’ cost cutting drive, the Strategic Review 3 plan.

“The loss of a further 292 committed and hardworking staff from Lloyds Banking Group is appalling. Unite is seeking urgent clarification about the future of the remaining workforce at the impacted sites,” said Rob MacGregor, Unite national officer said in a statement.

“Unite has strongly objected to the reductions in sites and job roles announced today, especially against the backdrop of the continual use of agency staff and contractors. Unite is demanding that LBG cease the job cuts and closures in order to fully review the number of temporary and contract staff within the company.

“The bank’s major restructuring plans have already led to hundreds of bank branches, offices and departments being closed or merged with thousands of staff losing their jobs.”

Lloyds told Yahoo Finance UK that there was, in fact, a net 270 role reduction its operational and support teams.

“The changes involve gross role reductions of 490 and the creation of 220 new roles, as we continue to evolve and adapt to the changing needs of our customers,” said a spokesperson in an emailed statement to Yahoo Finance UK.

“The new roles, and the significant up-skilling of our colleagues, form part of the £3bn commitment we have made over the course of the next three years to invest in technology and people. This is our biggest ever investment in our people, and involves increasing training hours to 4.4 million hours per year.

“Since 2011, over 90% of role reductions have been achieved through a combination of natural attrition, redeployment and voluntary redundancy. Where it is necessary for employees to leave the company, we will look to achieve this by offering voluntary redundancy. Compulsory redundancies will always be a last resort.

More to follow…

[diku] 29/1/2019 22:38

Clowns were highly paid!...the general belief one has to pay top dollar to get in high calibre candidates...circus and casino put together...

[dr biotech] 29/1/2019 22:02

The whole board were also lucky they lost the bid for ABN to RBS. Clowns the lot of them.

[fjgooner] 29/1/2019 21:57

"Banker"? Is that the correct spelling?

[m1k3y1] 29/1/2019 21:27

The Greed was pervasive
Banker wanted big bonus for 'saving' Barclays during crisis

[bernie37] 29/1/2019 17:55

With the Barclays PLC (LON:BARC) (BARC.L) share price having slumped by 23% in the last year, it now offers a large margin of safety in my opinion. The company has a P/E ratio of around 7, which suggests to me that it may offer good value for money.



Since the stock is expected to post 13% EPS growth in the current year, its strategy appears to be working well according to my research. It has spent the last few years seeking to strengthen its capital position, with a reduction in dividend payments allowing it to divert capital to areas where it felt it could enhance its long-term growth outlook.

As well as this, Barclays has also rationalised its asset base, with it focusing on core areas where it feels it has a strong risk to reward ratio. As a result, it has sold its stake in Barclays Africa. And with it now expected to raise dividends in the current year, it is due to have a yield in excess of 5% in 2019. That’s around 50 basis points higher than the FTSE 100’s dividend yield.

Of course, the prospects for the global economy continue to be relatively uncertain. The world’s two largest economies, the US and China, face uncertainties. Interest rate rises in the US plus a slowdown in China may mean that operating conditions for a number of global companies come under a degree of pressure.

At the same time, though, the IMF predicts that the world economy will grow by 3.5% in 2019. This suggests to me that the valuation of Barclays may be relatively low, and that it could experience an upward rerating over future years.

As a result, I’m bullish about its investment outlook. I feel that it has a sound strategy, a low valuation and that its operating conditions could be stronger than the stock market is currently pricing in.

[bernie37] 29/1/2019 17:55

Is Barclays PLC an underrated FTSE 100 share? - Investomania


hxxp://www.marketbeat.com/URL/?URL=hxxps://investomania.co.uk/2019/01/is-barclays-plc-an-underrated-ftse-100-share/

[diku] 29/1/2019 16:34

Good to see Barc stay above 160p...

[johnwise] 29/1/2019 16:21

The British public don't want a deal, they just want to leave. WTO terms will suit us fine..It looks very much like we are viewing the end of the Conservative party! Popcorn anyone?