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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 216.15
Bid: 216.10
Ask: 216.15
Change: 1.15 (0.53%)
Spread: 0.05 (0.023%)
Open: 212.55
High: 216.65
Low: 210.75
Prev. Close: 215.00
BARC Live PriceLast checked at -

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Barclays appoints Aviva's McFarlane as Chairman - UPDATE

Fri, 12th Sep 2014 09:22

Barclays has appointed John McFarlane as chairman to replace David Walker, who will step down following the bank’s annual general meeting in 2015.McFarlane, who is currently chairman of Aviva and FirstGroup, will take on the role on 1 January. He will step down from Aviva and FirstGroup in April and July 2015, respectively.Walker said: “I am delighted that Barclays has appointed John McFarlane to succeed me as chairman. We are making good progress toward the delivery of our strategic objectives and I have every confidence that John will work very successfully with Antony Jenkins in leading this great bank through the next phase of that journey.”As chairman of Barclays, McFarlane will receive an annual salary of £0.8m inclusive of the £0.25m he will receive as non-executive director.“The Barclays board set very challenging requirements for its new chairman and I am very pleased that in John McFarlane we have identified someone who met all of our criteria,” Sir John Sunderland, who chaired the process to appoint a successor to Walker, said.“John is an enormously experienced and respected banker with global experience of both retail and investment banking and he will bring great leadership, integrity and knowledge to the role.”The appointment of McFarlane, a former board member at Royal Bank of Scotland (RBS), is seen as part of Barclays’ strategy to improve its culture.McFarlane will be working alongside Antony Jenkins, the group chief executive, and together they will be tasked with rehabilitating the bank’s name, after Barclays endured a difficult 12 months after another shareholder row over bonus payments to staff.Along with RBS, Lloyds, Goldman Sachs and other 10 banks, Barclays were sued by a major US pension fund after they allegedly conspired to rig a key benchmark used to price interest rate swaps and other derivatives.The Alaska Electrical Pension Fund (AEPF) accused the banks of agreeing to jointly manipulate the ISDAfix in order to fiddle payments to investors.Jenkins has stated he intends to overhaul Barclays by shrinking its investment banks and cutting thousands of jobs across its worldwide operations and, over the last couple of months, investors seem to have warmed up to his long-term plans.In a statement released on Friday, Barclays said its new chairman will bring “extensive experience” in investment, retail and corporate banking, as well as in strategy risk, insurance and cultural change.Investors have reacted positively to McFarlane’s appointment and the bank was the second-highest riser on the FTSE 100.
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(Alliance News) - Barclays PLC has promised to stop directly financing energy clients' new oil and gas projects as part of updates to its climate change strategy.

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LONDON MARKET OPEN: Tesco bank sold to Barclays for GBP600 million

(Alliance News) - Stock prices in London lacked direction on Friday, after Barclays announced plans to buy the retail banking business of Tesco Bank.

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Barclays adds scale, income and profits with Tesco Bank deal, says Shore Capital

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TOP NEWS: Barclays buys Tesco Bank as supermarkets refocus on food

(Alliance News) - Barclays PLC and Tesco PLC on Friday announced an agreement for Barclays to buy the retail banking business of Tesco Bank, as the big UK supermarkets scale back their forays into financial services.

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LONDON BRIEFING: Barclays buys Tesco's retail banking business

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Tesco sells banking unit to Barclays for £600m

(Sharecast News) - UK supermarket giant Tesco has sold its most of its retail banking business to Barclays for £600m, the two companies said on Friday.

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4 Feb 2024 11:12

Sunday newspaper round-up: Asda, Barclays, McLaren

(Sharecast News) - Zuber Issa, one of the two billionaire brothers at the helm of Asda, has been sounding out potential buyers for his 22.5% stake in the grocer. Instead, Zuber wishes to focus on EG Group, their petrol station empire. Meanwhile, Asda's next phase may include a bid for Boots. According to City sources, it was also possible that Zuber might use the funds raised through a sale to fund the purchase of his brother's stake in EG Group. - The Sunday Telegraph

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26 Jan 2024 17:39

Texas bans Barclays from local govt debt business over ESG concerns

NEW YORK, Jan 26 (Reuters) - Texas Attorney General Ken Paxton on Friday said Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its pledges to cut greenhouse gas emissions.

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26 Jan 2024 17:08

Texas bans Barclays from local debt business over ESG concerns

NEW YORK, Jan 26 (Reuters) - Texas Attorney General Ken Paxton said on Friday that Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its carbon emissions reduction commitments.

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BoE says 'ring fencing' capital rules for retail banks need no big overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul needed.

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25 Jan 2024 10:05

Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major overhaul needed.

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23 Jan 2024 12:37

UK Chancellor Hunt meets top UK bank heads over plans to boost City

(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City.

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22 Jan 2024 17:14

European shares rise as Wall Street rallies; ECB decision in focus

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