Barclays Share Discussion Threads

[johnwise] 29/7/2021 07:31

Is your pension fund investing in Communist China ?


Outspoken Chinese billionaire Sun Dawu sentenced to 18 years in prison

Hong Kong (CNN Business)Billionaire Sun Dawu, a vocal critic of the Chinese government, was sentenced to 18 years in prison on Wednesday for "picking quarrels and provoking troubles," according to an official statement posted by the court.

Sun was arrested in March this year. His company, Hebei Dawu Agricultural and Animal Husbandry Group, owns farming operations in China and employs about 9,000 people in poultry processing, pet food production and other industries. He is also famous for being an outspoken critic of China's ruling Communist Party.

[johnwise] 29/7/2021 07:22

Tony Abbott is not happy with Boris Johnson for sucking up to Communist China


Tony Abbott warns Britain on China dependency

Former Australian prime minister Tony Abbott says Britain needs to be wary about its relations with the Chinese government amid indications of a new cold war.

Mr Abbott, who is a British government trade adviser, said the Asian economic powerhouse was weaponising trade and urged Britain to guard against selling key businesses to Chinese companies or even collaborating at higher education level.

MORE

[johnwise] 29/7/2021 07:05

Is your pension fund investing in Communist China ?


Outspoken Chinese billionaire Sun Dawu sentenced to 18 years in prison

Hong Kong (CNN Business)Billionaire Sun Dawu, a vocal critic of the Chinese government, was sentenced to 18 years in prison on Wednesday for "picking quarrels and provoking troubles," according to an official statement posted by the court.

Sun was arrested in March this year. His company, Hebei Dawu Agricultural and Animal Husbandry Group, owns farming operations in China and employs about 9,000 people in poultry processing, pet food production and other industries. He is also famous for being an outspoken critic of China's ruling Communist Party.

[johnwise] 29/7/2021 06:42

Gold price jumps back above $1,800 as Fed's Powell says U.S. is ways away from 'substantial further progress'

Federal Reserve Chair Jerome Powell shed more light on the tapering timeline during his press conference on Wednesday, noting that the U.S. has not reached "substantial further progress" to start curbing the central bank's $120 billion a month in asset purchases.

[manics] 29/7/2021 06:34

Barclays success makes Bramson look foolish

[stonedyou] 28/7/2021 21:24

Barclays' profits soar to £3.8bn after improved economic outcome allows it to release £742m from huge bad loan war chest


Barclays earned record income from its investment banking and equities arms.

The firm had reserved c.£3.7bn in impairment charges in the first half of 2020.

Shareholders will be rewarded with a 2p per share interim dividend payment.


Barclays saw its profits rise six-fold in the first half of the year after releasing hundreds of millions of pounds that it had set aside for potential losses on loans due to pandemic-hit finances.

Record income from its investment banking and equities divisions also helped the lending giant's attributable profits balloon to £3.8billion compared to the £695million it made during the same period last year.

The financial services firm has released £742million in credit impairments following a better economic outlook, reduced unsecured lending balances and a 'benign credit environment.'



It had held in reserve more than £3.7billion in impairment charges in the first half of 2020 in anticipation of more loan defaults, job losses and weaker economic forecasts caused by the coronavirus pandemic.

Following demands from the Bank of England, it did not pay an interim dividend. But now that the banking regulator has relaxed restrictions, the bank will now reward investors with a 2p per share payment.

Investors will further benefit through a £500million share buyback programme by Barclays, which already completed a £700million share purchase in April.

[stonedyou] 28/7/2021 21:21

Dividend back at Barclays.


Barclays smashed City forecasts by quadrupling first-half profits to £5 billion after reporting a “resurgence” of activity across its businesses and a benign credit environment.

Britain’s third-biggest bank reinstated an interim dividend at 2p and announced another £500 million buyback programme.

The upbeat results statement included the release of £742 million of cash previously set aside in anticipation of borrower defaults. That represented a massive swing from 12 months ago when the bank made a £3.7 billion provision for bad debts.

Jes Staley, chief executive, said: “This has been a strong first half, clearly demonstrating the benefits of our resilient and diversified universal bank in supporting the growth of capital markets, our corporate clients and retail customers.”


Barclays UK, the investment banking division and the

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[46maxon] 28/7/2021 19:09

Top bar , click on financials, scroll down to div payments

[46maxon] 28/7/2021 19:04

Jul 2021 Interim GBX 2.00 31/12/2020 31/12/2021 12/08/2021 13/08/2021 17/09/2021

[portside1] 28/7/2021 18:45

I thought it was in aug around the 10th

[portside1] 28/7/2021 18:44

Tomorrow are you sure

[manics] 28/7/2021 18:34

smartypants: good call.

[stonedyou] 28/7/2021 18:29

porty - Tomorrow....

[portside1] 28/7/2021 18:24

Has any one found the ex div date

[jordaggy] 28/7/2021 16:44

II's don't buy on impulse, takes a day or two to digest the numbers and discuss the findings in meetings.

[smartypants] 28/7/2021 16:41

Well I was a little off with my target, but
It definitely didn't go up from 08.30 onwards (and stay up)

Remember, today was results day..tomorrow, well thats just another day

[prbshares] 28/7/2021 16:14

smurfy2001 : I certainly think so and it seems the market does too .

Barc definitely doesn't have the strength at present that we carried into to last results... interested to see where she pulls back to .... whats your chart thoughts manics , do we have a buy in opportunity on the horizon ?

[smurfy2001] 28/7/2021 16:08

Bonus pool as big as dividend + buy back. You could say shareholders deserve more.

[prbshares] 28/7/2021 16:05

justalittlemore : Its a difficult one, as bonuses are paid to ensure those performers stay with the co. but its a lot of money and maybe the market isn't too impressed, hence the pullback this arvo ?

I must say I thought we would be higher then this near the close...

[justalittlemore] 28/7/2021 15:38

Barclays has increased the size of its banker bonus pool by more than a third to almost £1.1bn after a rebound in profits, amid an improving economic outlook as pandemic restrictions recede.

Setting out the details of the bonus pool in a half-year update to the London Stock Exchange, the bank said it had ringfenced the cash to compensate its star bankers next spring when payouts are usually made. It means Barclays employees have another six months to build up their final bonus pot for the year, which is likely to come in higher than the £1.6bn paid out for the whole of 2020 when the UK was gripped by the Covid pandemic.

For the first six months of 2021, the bank set aside almost £1.1bn for its bonus pool, up from £785m a year earlier. The final bonus pool will also cover payouts for executives, including the chief executive, Jes Staley, who was given a £843,000 bonus last year.

Staley said the bank was being “prudent”; in the way it handled bonuses because it linked payouts to the bank’s profitability.

Referring to the performance of Barclays’ investment banking division where its income from fees surged 27% to £1.7bn in the first six months of the year, he said: “Our comp[ensation] to income ratio is one of the lowest in the industry, so we think we’re being prudent in how we are managing that variable compensation.”

The planned payouts follow a strong second quarter overall, with Barclays’ pre-tax profits rising to £2.6bn over the three months to the end of June, up from £359m a year earlier. It also beat consensus forecasts for £1.7bn in profits for the period.

The bank benefited from an improving economic outlook after the lifting of most UK Covid restrictions, which meant it was able to release £1bn in bad debt provisions that it had put aside to cover potential defaults related to the pandemic. Barclays, which was forced to put aside £1.6bn during the same period last year, had been expected by City analysts to release £55m.

Despite the improvement in the economy over recent months, the bank warned “the outlook remains uncertain and subject to change depending on the evolution and persistence of the Covid-19 pandemic”.

However, the bank still announced plans to buy back up to £500m of shares from its investors, while also paying a half-year dividend of 2p a share. It means shareholders who were blocked from receiving payouts for most of 2020 because of Bank of England Covid restrictions are now in line for more than £800m. Threadneedle Street had ordered banks not to pay any cash bonuses to senior bankers and to suspend dividend payments last year due to the role banks play in supporting the British economy.

“Our profitability, strong capital position and balance sheet have enabled us to increase capital distributions to shareholders,” Staley said.

Barclays shares were up 3.7% at 175p in early morning trading.

The lender’s corporate and investment banking arm also contributed to rising profits performance, with the division reporting a 52% rise in profits to £1.6bn in the second quarter, thanks in part to a rise in merger and takeover activity. That was despite a 10% drop in income over the same period, as trading returned to normal levels after volatile period in markets last year.

The rival investment banks JP Morgan and Goldman Sachs reported bumper second-quarter profits this month, thanks to a surge in merger and acquisitions activity, which broke records for the second straight quarter in the three months to June, according to Refinitiv data.

[stutes] 28/7/2021 14:11

Bank shares trade at a discount to book, 13 yrs after crisis, when will it end?

Regulators have , in my opinion, helped to create the discount.

[jordaggy] 28/7/2021 13:59

A good time to buy could be when they start the buy backs...then sell when they finish.