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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Barclays Plc | BARC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 6.90 | 3.15% | 226.25 | 16:35:05 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 219.00 | 219.00 | 228.25 | 226.25 | 219.35 |
| Industry Sector |
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| BANKS |
| Top Posts |
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Posted at 12/9/2024 16:26 by johnwise CGT changes have major impact on investment decision, suggests US brokerChanges to capital gains tax rumoured to be one of the key planks of the Budget on 30 October are likely to have major implications for investors and potentially even send them towards capital lossmakers, says Stifel. “Any increase in CGT rates and reduction in ISA allowances would be unhelpful both for the investment companies sector and are likely to discourage savings and investments more generally,” says the US broker. That is likely to manifest itself in wider discounts and some tax-related selling of investment companies and other equities over the next few weeks ahead of the Budget. “We think any material selling may result in a widening of discounts on listed investment companies, as the market struggles to absorb any increased supply of shares from investors.” If CGT goes up significantly, this will have implications for longer-term stock market liquidity with investors put off shares once the change takes place to avoid a liability. |
Posted at 11/9/2024 08:05 by johnwise Barclays calls on UK to ‘break down barriers’ keeping £430bn from capital marketsBarclays has warned that UK capital markets are missing out on around £430bn in cash deposits as it called on authorities to create a “more balanced environment” for banks to empower potential investors. The bank said on Wednesday that the Financial Conduct Authority (FCA) should give a “badge” to identify entry-level investment products that meet certain diversification or asset allocation criteria to help less experienced investors select offerings potentially suited for their financial objectives. It added that to make investing in these “badged” products easier, the FCA should ensure a simpler sign-up process and reduce “current frictions” in declarations, risk warnings and product documentation for entry-level investors. The recommendations were published alongside data and analysis from the bank finding that roughly 13m UK adults hold £430bn of “possible investments” in cash deposits. MORE |
Posted at 10/9/2024 11:13 by johnwise We are not an island: how have the UK’s external balance sheet risks changed over the past two decades?No country is an island – in terms of economics at least, if not geography. Trade and capital link all the economies of the world. Relative to GDP, the UK has more foreign assets and liabilities than any other large economy. These external liabilities – UK assets owned by overseas investors – could result in vulnerabilities that might cause major disruption to the economy and financial system in a stress. The good news for us is that the UK’s private sector external vulnerabilities have shrunk materially since the global financial crisis (GFC) of 2008, although the public sector’s vulnerabilities have grown. This post explores how the UK’s balance sheet has changed since the GFC and what this means for UK financial stability. The UK is one of the most financially open economies in the world. Due to its role as an international financial centre, it has external liabilities of over 550% of GDP, significantly higher than other G7 economies (Chart 1). The size of these liabilities means that the behaviour of foreign investors, and their perceptions of the UK’s macroeconomic policy framework and its long-term growth prospects, can have a material impact on UK financial conditions. At the extreme, a particularly large and rapid fall in foreign investor demand might cause or amplify financial crises by making refinancing of external liabilities more challenging. More |
Posted at 21/8/2024 16:56 by johnwise Flota-SheinChinese online fashion giant Shein Group may open up its £50 billion London initial public offer to retail investors, according to a Telegraph report, as well as institutional investors. The company has still not decided whether to go ahead with the listing, but investment banks on the IPO are mulling whether to sell directly to the investing public, the report suggests, suggesting its Gen Z customers might be interested as well as investors on platforms. Paperwork was filed with the Financial Conduct Authority and Chinese regulators earlier in the summer, while Shein has also started to look for a British warehouse to address complaints from British retailers about its ability to avoid tax by shipping orders directly from China. |
Posted at 31/7/2024 21:15 by bernie37 Earnings season is upon us, and that’s got me thinking about the potential value of FTSE 100 stocks in other sectors.I have one big-name bank that I’m zeroing in on today. That’s because the Barclays (LSE:BARC) is up more than 50% since the start of 2024. It’s got me thinking — could the British bank actually be a good value buy? Sleeping giant in the Footsie? Don’t get me wrong, Barclays is a well-known stock in the Financials sector. The British bank has a £34bn market cap, and has continued to track higher in 2024. I am intrigued by banking given where we are in the business cycle right now. Interest rates are high, the economy looks to be on a knife edge, but there is also some optimism with the general election out of the way. The recent share-price growth has reflected both strong conditions for banks generally as well as Barclays’ competitive position. One thing I really like the look of is its return on tangible equity (RoTE). The bank reported 12.3% RoTE for the quarter ended 31 March 2024, which is ahead of both its 2024 and 2026 targets. A cost to income ratio of 60% also showed me signs of management discipline, which I like to see given the potential risks in the economy right now. What does the relative value look like? What I am interested in is how it stacks up against both the FTSE 100 index and other big-name banks like NatWest and HSBC. Barclays has a 3.4% dividend yield right now, which is slightly below the Footsie average. However, when compared to 4.8% for NatWest and HSBC’s 7%, it doesn’t seem as strong a pick for dividend investors. The NatWest share price has also been strong, with over 50% gains in 2024. HSBC has been more meagre, in the single digits. One key valuation metrics for bank shares is the price-to-book (P/B) ratio. This measures the company’s share price against the value of its net assets on the balance sheet. NatWest trades at a P/B of 0.74 while HSBC is at 0.65. What about Barclays? A meagre 0.46. That means investors are paying 0.46p per £1 of net assets on the books. This says to me that either there is a reason why investors are avoiding Barclays, or it could be a bargain hiding in plain sight. What are the downsides? There is the broader risk to banks that could come from interest rate cuts. We could see more spending and less saving, reducing funds available for banks to lend out and earn money on. However, Barclays specifically also has some risks to it. For one thing, the company has been plagued by issues in recent years. A rightsizing of investment banking activities is part of its three-year plan, and the bank continues to work on turning around its fortunes. Where to next? Barclays is set to announce its half-year results tomorrow. I’ll be tuning in to see how well its investment banking division has performed, and also to track its net interest margin movements. If the results are strong and the outlook is positive, Barclays could go on my ‘want-to-buy list’ for when I get some free cash, despite some question marks on future growth. |
Posted at 12/7/2024 13:46 by johnwise Ashmore Group sees £1.6billion pulled from funds as investors remain cautiousAshmore Group, the asset management heavyweight, has reported a $2billion (£1.6billion) exodus from its funds as wary investors retreat. The firm, which focuses on emerging markets, attributed the significant outflows to a "subdued" risk appetite among institutional investors. In a recent update, the London-listed company also disclosed investment losses of $400million (£336million) for the quarter ending in June. |
Posted at 09/7/2024 22:09 by johnwise (Facile objectives – like becoming a ‘clean energy superpower’, whatever that fantasy means – should be ditched.”"anytReeves warned about Wealth Fund’s limitations Chancellor Rachel Reeves has been warned that Labour’s new National Wealth Fund risks wasting taxpayers’ money unless it sets realistic objectives. Professor Len Shackleton, an editorial and research fellow at the Institute of Economic Affairs, adopted a more cautionary tone. “I wish this new initiative well, but the NWF needs to be realistic about what government can do,” he said. “Investment is important, but it needs to be sensible and analysis of potential returns needs to be hardnosed. Facile objectives – like becoming a ‘clean energy superpower’, whatever that fantasy means – should be ditched.” Prof Shackleton continued: “We need to boost not just the quantity but also the quality of investment. In the past, governments have been far too influenced by fashionable boondoggles — nowadays, anything with ‘green’ in the title should ring warning bells — and have wasted vast amounts of taxpayers’ money. “Sometimes, pension funds and other private investors who paid too much attention to the government of the day also lost out.” Prof Shackleton said promises of ‘policy certainty’ are nothing new, with many past governments forced to backpedal due to unforeseen events. “When, long ago, a previous Labour administration set up the National Enterprise Board, it was justified as promoting advanced technology in profitable firms. But the wind changed, and with rising unemployment, 95% of government funds went into attempts to revive lame ducks. “The government should always remember that it isn’t just cautious investors who hold new projects back. The mass of regulations and prohibitions, plus an increasingly unfavourable corporate tax regime, inhibit much potential investment spending. “The government will need to attack these issues as well. But that’s inch-by-inch hand-to-hand fighting, not just making grand declarations and sticking new signs on government offices.” The National Wealth Fund taskforce includes former Bank of England Governor Mark Carney, Barclays CEO C.S Venkatakrishnan, Aviva CEO Dame Amanda Blanc and large institutional investors. |
Posted at 04/4/2024 08:13 by johnwise Barclays faces investors’ ire over Eros bonds issueThe investors have approached regulators for losses incurred due to Barclays’ mishandling of the Bollywood firm’s bond issue Barclays is facing investors’ anger for mishandling the bond issue of India-based Bollywood film group Eros, This is Money reports. The investors have approached the Financial Conduct Authority and the Financial Ombudsman claiming they incurred losses due to Barclays’ tardiness in dealing with the Eros flip-flop over its bond buyback plan. |
Posted at 03/2/2024 08:55 by diku Post 26295...below could be some of the reasons but think punters/investors feeling dis enfranchised seeing share prices/FTSE not making any headways...all too evident household names shares trading at multi year lows...while those US mega techs and indices making new all time highs...total disconnect...and as for the BODs they are laughing all the way to their bank...what are punters/investors buying into...company or a moving mechanism called the share price?...and recently investors have grabbed 5- 6% return on savings knowing money is safe...City analysts partly blame the cost of living crisis, with high prices for food, energy and transport leaving little to invest in the stock market. Khalaf adds: “If domestic fund investors won’t invest in UK funds, it’s little wonder the UK stock market is struggling, and so many UK companies are seeking to list overseas. Over eight years of pain, more than £46 billion has been withdrawn from UK Equity funds by retail investors, with £24.7 billion whipped out in the last two years alone.” |
Posted at 15/12/2023 15:01 by bernie37 The mystery of Britain’s dirt-cheap stockmarketIt might be old and unfashionable, but investors are ignoring surprisingly juicy yields An illustration of a person waving a pair Union Jacks while being squashed by three large magnifying glasses. image: satoshi kambayashi Dec 14th 2023 Share Listen to this story. Enjoy more audio and podcasts on iOS or Android. It is hard to get a man to understand something, wrote Upton Sinclair, an American novelist, when his salary depends on not understanding it. Hard, but not impossible: just look at those paid to promote Britain’s stockmarket. Bankers and stock-exchange bosses have an interest in declaring it an excellent place to list new, exciting businesses, as do politicians. Yet deep down they seem keenly aware that it is doomed. Government ministers once spoke of “Big Bang 2.0”, a mixture of policies aiming to rejuvenate the City of London and, especially, attract initial public offerings (ipos). But if anyone ever thought an explosive, Thatcherite wave of deregulation was on its way, they do not any more. The new rules are now known as the more squib-like “Edinburgh reforms”. On December 8th the chair of the parliamentary committee overseeing their implementation chastised the responsible minister for a “lack of progress or economic impact”. In any case, says the boss of one bank’s European ipo business, he is unaware of any company choosing an ipo venue based on its listing rules. Instead, clients ask how much money their shares will fetch and how readily local investors will support their business. These are fronts on which the City has long been found wanting. Even those running Britain’s bourse seem to doubt its chances of revival. Its parent company recently ran an advertising campaign insisting that its name is pronounced “l-seg” rather than “London Stock Exchange Group”; that it operates far beyond London; and that running a stock exchange is “just part” of what it does. London’s future as a global-equity hub seems increasingly certain. It will be drearier. If everyone agrees London is a bad place to list, international firms will go elsewhere. But what about those already listed there? Their persistent low valuation is a big part of what is off-putting for others. And it is much harder to explain than a self-fulfilling consensus that exciting firms do not list in London. The canonical justification for London-listed stocks being cheap is simple. British pension funds have spent decades swapping shares for bonds and British securities for foreign ones, which has left less domestic capital on offer for companies listing in London. Combined with a reputation for fusty investors who prefer established business models to new ones, that led to disruptive tech companies with the potential for rapid growth listing elsewhere. London’s stock exchange was left looking like a museum: stuffed with banks, energy firms, insurers and miners. Their shares deserve to be cheap because their earnings are unlikely to rise much. All of this is true, but it cannot explain the sheer scale of British underperformance. The market’s flagship ftse 100 index now trades at around ten times the value of its underlying firms’ annual earnings—barel Britain’s ftse 100 firms, meanwhile, are already making profits worth 10% of their value each year. Even if their earnings do not grow at all, that is well above the 4% available on ten-year Treasury bonds and more than double the equivalent yield on the s&p 500. At the same time, higher interest rates ought to have made the immediate cashflows available from British stocks more valuable than the promise of profits in the distant future. Why haven’t they? No explanation is particularly compelling. British pension funds might no longer be buying domestic stocks, but international investors are perfectly capable of stepping in. Some sectors represented in the ftse—tobacco, for instance—may see profits dwindle, but most will not. Britain’s economy has hardly boomed, but it has so far avoided the recession that seemed a sure thing a year ago. Global investors seem content to ignore Britain’s market, despite its unusually high yield and their own angst about low yields elsewhere. Yet spotting such things is what their salaries depend on. There is something Sinclair might have found hard to understand.■ |
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