Barclays Share Discussion Threads

[smurfy2001] 21/3/2023 10:29

Warren Buffett could be the sector’s saviour

[johnwise] 21/3/2023 10:28

Link Via the Third World Club

Britain's pothole plague laid bare: Shocking report reveals it will take £14billion and 11 YEARS to fix nation's crumbling roads with one in every nine miles in need of repair in next 12 months

[johnwise] 21/3/2023 10:16

Million firms operating with no cash margin

Almost one million small companies are running their businesses with £1,000 or less in the bank put aside to help them survive any decline in their revenue.

This is the suggestion from a study which involved canvassing the opinions of 500 bosses following what researchers saw as a tumultuous three-year period marred by the COVID-19 pandemic and the ongoing cost of living crisis.

Nearly half of them said they can save significantly less now than they could three years ago so it’s no surprise that savings levels are so low. Based on the 5.5 million classed as SMEs who are currently trading within the UK, the 17 per cent that admit to having £1,000 or less saved, amounts to £935,214.

As experts suggest that businesses should have three-six months of operating costs saved in the bank, Yell.com says this paints a particularly worrying picture, especially as the research also found that one in 10 with up to 49 employees have no savings whatsoever, putting the jobs of millions at risk.

[smurfy2001] 21/3/2023 10:11

So the buyback finally broke the 10m ceiling.

Date of purchase: 20 March 2023
Number of ordinary shares purchased: 14,508,437

[xongkudu] 21/3/2023 09:32

Davius

I’m very good at buying at or near cycle lows but hopeless at holding long enough to maximise profits. This time I’m sitting on my hands as I’m determined to wait for + £2.00

No advice intended.

[davius] 21/3/2023 08:55

Some rebound today. Been hovering over the sell button on yesterdays buy for the last hour, but resisted the temptation thus far.

I doubt we've seen the last of this mini banking crisis yet so there may be more opportunities coming up. Or perhaps things will return to "normal" quickly and I'll curse my haste in taking a profit as BARC climbs back towards 190p...

[johnwise] 21/3/2023 08:52

Those Tory Grave Robbers collect £6.4bn

[johnwise] 21/3/2023 08:36

"UK’s debt pile is close to the size of its entire economy."
UK borrowed record £16.7bn for February

The tories are in disarray. They have delivered none of their last election pledges and there are no signs of any brexit dividends. They have lost control of energy policy, immigration, transport, the NHS, law and order, education, social care and the economy. Import and export is in chaos and there is growing divide within our union.
And still we give away millions of this borrowed money every year in a lot of cases to tyrants and despots who hate us in the shape of foreign aid..

[johnwise] 21/3/2023 08:09

"UK’s debt pile is close to the size of its entire economy."


UK borrowed record £16.7bn for February but Jeremy Hunt handed interest bill boost

The UK borrowed a higher than expected £16.7bn in February, a record for that specific month due to the government spending billions on helping families with the cost of energy bills, official figures out today reveal.

Office for National Statistics (ONS) numbers out today indicate Chancellor Jeremy Hunt’s decision to cap typical household energy bills at £2,500 pushed government borrowing nearly £10bn compared with the same month last year.

The overall borrowing number is larger than analysts expected and marks a reversal from January’s surprise budget surplus.

It is also the highest number since records began in 1993.

Those decisions have swelled borrowing, with the country’s debt to GDP ratio now nearly 100 per cent, meaning the UK’s debt pile is close to the size of its entire economy.

Britain has been paying record levels of interest on its more than £2 trillion debt pile over the last year due to inflation reaching 40-year highs and the Bank of England hiking interest rates aggressively to tame it.

[johnwise] 21/3/2023 07:38

Janet Yellen is selling bank crisis short as execs fear dozens more teeter on brink


Listening to Janet Yellen, you might be led to believe that the US banking system is, in her words, “sound,” and that your deposits “remain safe.”

She’s the Treasury secretary, after all. She must have some clue, right?

Nope. Top financial CEOs tell me she’s mostly MIA as our banking system shows serious signs of cratering. In her two years as the government’s top banker, Yellen has failed to grasp the full magnitude of the problem because she has instead been too focused on other stuff like Ukraine, abortion, and all those progressive causes she’s championed.

The problem is pretty obvious if you can read a balance sheet. Top financial executives have privately identified as many as 25 regional and mid-sized banks in the neighborhood of $15 billion to $200 billion in assets that are ripe for failure. The ill-fated Silicon Valley, Signature banks, and today’s latest headache, First Republic, are the festering sores that signal an even greater degree of banking rot.

On one hand, 25 mid-sized bank debacles sounds better than the vast 2008 financial collapse that began with Lehman Brothers bankruptcy and spread to our biggest banks and Wall Street firms.

It also sounds better than the scare number recently circulating – that nearly 200 banks are in danger of imploding. But not so much when you start adding up the assets and deposits that might be lost by the so-called “dirty two-dozen.”

More

[coxsmn] 21/3/2023 07:30

Barclays Hires Deustche Bank's Lim for Singapore CoverageLim has been with the German bank for more than two yearsHe was previously with Evercore and JPMorgan in Singaporehttps://www.bloomberg.com/news/articles/2023-03-21/barclays-said-to-hire-deustche-bank-s-lim-for-singapore-coverage

[johnwise] 21/3/2023 07:15

Why are stock markets still falling after UBS rescues Credit Suisse and should we be worried?

What are central banks doing?

Six central banks across the world, including the Bank of England and the US Federal Reserve, are working together to help contain the spread of the crisis.

The plan is to increase seven-day maturity US dollar swap lines between the US Federal Reserve and the other central banks from a weekly to a daily basis.

This is a process where lenders can access dollars from central banks and will boost the currency's flow into the financial system.

It is hoped the seven-day-a-week facility, which is starting on Monday and is due to run until at least the end of April, will boost market confidence over the health of other lenders.

[kreature] 21/3/2023 03:07

Is this one next ?

[johnwise] 21/3/2023 01:06

QANTAS

If you do your own research

The Only Way Is Up

[qantas] 20/3/2023 23:07

Dear John Bunker one SVO

Feeling good.

[qantas] 20/3/2023 21:06

Dear John Bunker one SVO

Did you know ?



Please do your own research as always

[johnwise] 20/3/2023 20:13

VIDEO

European banking shares DROP despite £2.5bn UBS buy-up | Liam Halligan

[kogg] 20/3/2023 18:06

Bob Diamond on ubs / credit suisse





I say bring Bob back to barclays as ceo