Thanks Boonie, just seen this myself. Like many others, I suspect that I had not even considered BARC having a Pension issue ? It does rather seem as though it is one problem after another. Can't help wondering why this hasn't been flagged up in previous years as being a potential problem ?
• The stock initially rose nearly 4% in London action after pleasing Q4 results, but is now lower by 2.9% (the ADRs, BCS -2.45%). • "The pension issue has spooked the market," says Shore Capital's Gary Greenwood, after management was coy about capital targets, saying more payments will need to be made into the pension fund over the next four years. • "Those additional contributions will be a headwind to capital and not many people had it on their radar," says Greenwood. • Source: Bloomberg • Previously: Barclays swings to full-year profit (Feb. 23)
The final dividend for the year ended 31 December 2016 of 2p per ordinary share will be paid on Wednesday, 5 April 2017 to shareholders holding shares on the register on Friday, 3 March 2017 (record date).
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